Collins & Aikman (NYSE:CKC)
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Collins & Aikman to Participate in High Yield Conference
TROY, Mich., Oct. 6 /PRNewswire-FirstCall/ -- Collins & Aikman Corporation
(NYSE:CKC) will participate in Deutsche Bank's 12th Annual Global High Yield
Conference in Scottsdale, Arizona on Thursday, October 7, 2004. At the
conference, Collins & Aikman will discuss previously disclosed information and
state that, consistent with its previous indications, the company expects its
Third Quarter of 2004 to be the fifth consecutive quarter of improvement in
EBITDA before restructuring and impairment charges, despite increased commodity
costs and OEM production cuts. The company's presentation material for this
conference will be available in advance through its web site at
http://www.collinsaikman.com/ .
EBITDA is defined as operating income plus depreciation and amortization.
Management considers EBITDA to be a key measure of performance as it is
commonly utilized in the industry to analyze operating performance. EBITDA
should not be construed as income from operations, net income (loss) or cash
flow from operating activities as determined by generally accepted accounting
principles. Other companies may calculate EBITDA differently.
Collins & Aikman Corporation, a Fortune 500 company, is a global leader in
cockpit modules and automotive floor and acoustic systems and a leading
supplier of instrument panels, automotive fabric, plastic-based trim and
convertible top systems. The company's current operations span the globe
through 16 countries, more than 100 facilities and nearly 24,000 employees who
are committed to achieving total excellence. Collins & Aikman's high-quality
products combine superior design, styling and manufacturing capabilities with
NVH "quiet" technologies that are among the most effective in the industry.
Information about Collins & Aikman is available on the Internet at
http://www.collinsaikman.com/ .
DATASOURCE: Collins & Aikman Corporation
CONTACT: J. Michael Stepp, Vice Chairman & CFO, +1-248-824-1520,
, or Robert Krause, Vice President and Treasurer, Head
of Investor Relations, +1-248-733-4355, , both of
Collins & Aikman Corporation
Web site: http://www.collinsaikman.com/