Adjusted EBITDA for the quarter was $6.4 million or 10% of sales, compared to $3.4 million or 6% of sales for the year-ago quarter. A reconciliation of Adjusted EBITDA to Net Income is provided in the accompanying financial tables.
"Continuing the trend from a strong fiscal 2012, sales in our Standard business continued at a record breaking pace, growing at a 17% clip," said Charley Brown, President and CEO of Flow. "Despite widely publicized global macro-economic concerns, we are benefiting from the strategic expansion of our direct and indirect distribution channels combined with our broad product range. The global roll out of our new products is well under way and we expect them to continue gaining traction worldwide, particularly in the second half of our fiscal year."
All my posts are my OPINION>>IMO>>>Do your own Due Diligence!!.......rareF...deal with it
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