PGI reports first quarter results: adjusted EBITDA jumps by 51.2%
CHARLOTTE, NC, May 15, 2015-
First Quarter 2015 Highlights:
o Net sales increased $38.6 million, or 9.1%, to $461.2 million in the first quarter compared with $422.6 million in the first quarter of2014. Providencia contributed $78.4 million in incremental growth. Net sales decreased $38.2 million from the fourth quarter of 2014, primarily as a result of lower raw material costs and the associated pass through.
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