Protection One Announces Third Quarter 2009 Financial Results CNNMoney.com (press release)
LAWRENCE, Kan., Nov. 6, 2009 (GLOBE NEWSWIRE) -- Protection One, Inc. (Nasdaq:PONE), one of the largest electronic security companies in the United States, today reported financial results for the third quarter ended September 30, 2009. All comparisons below are to the third quarter ended September 30, 2008, unless otherwise indicated.
Commenting on the results, Richard Ginsburg, Protection One's president and chief executive officer, said, "Our more efficient cost structure and improved operations enabled us again to deliver significant improvements in operating income and adjusted EBITDA in the third quarter of 2009 while further reducing net debt. With the catalyst of more profitable monitoring and service delivery, lower general and administrative costs, improved Retail attrition, and less investment creating new customers, operating income increased $10.7 million and adjusted EBITDA increased 17.6% over the third quarter of last year. After several quarters of decreasing net losses, we operated at close to breakeven on a net income basis. We also generated cash during the quarter, reducing net debt by $11.0 million.
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La-Z-Boy Inc. F2Q10 (Qtr End 10/24/09) Earnings Call Transcript We are once again the only furniture company included in the top ten, which reflects the excellent name our company has built over its long history as well and more » |
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