Goodman Reports Strong Post-Acquisition Performance

Goodman reported record 2005 fourth quarter and full-year results, with net sales up 39.9% and Adjusted EBITDA up 76.7% versus the prior year. The company highlighted significant de-leveraging, repaying $62.8 million in bank debt and reducing its net leverage ratio from 6.2x at the time of the Apollo transaction to 4.8x by year-end 2005.

“During 2005, we repaid $62.8 million in bank debt and ended the year with $26.4 million of cash and cash equivalents. We are proud of the de-leveraging we delivered in 2005 with a year-end total net leverage ratio of 4.8x, as compared with a 6.2x net leverage ratio at the time of the Transaction.”

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