Select Interior Concepts Announces 2018 Fourth Quarter and Full Year Financial Results
Select Interior Concepts, Inc. - Class A (SIC)
Last select interior concepts, inc. - class a earnings: 3/12 07:05 am
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Source: Business Wire
ATLANTA--(BUSINESS WIRE)-- Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and nationwide distributor of interior building products, today announced its financial results for the fourth quarter and full year ended December 31, 2018. FOURTH QUARTER 2018 FINANCIAL HIGHLIGHTS COMPARED TO FOURTH QUARTER 2017 Consolidated net sales increased 32.6% to $133.0 million, including organic sales growth of 4.5% Gross Profit grew 20.3% to $34.6 million Net loss of $1.8 million, compared to net loss of $15.0 million Adjusted EBITDA increased 7.1% to $14.9 million Acquired T.A.C. Ceramic Tile Co., an installer of residential and light commercial flooring in Virginia, Maryland and West Virginia, with approximately $70 million in annualized sales FULL YEAR 2018 FINANCIAL HIGHLIGHTS COMPARED TO FULL YEAR
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