SMTC Corporation Reports Third Quarter Results
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Supplementary Information: |
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Reconciliation of Proforma Adjusted EBITDA |
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SMTC | |
MC | |
Proforma | |
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September 30, 2018 | |
September 30, 2018 | |
September 30, 2018 | |
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| Net income | $ | 864 | | $ | 343 | | $ | 1,207 | |
| Add (deduct): | | | | | | |
| Depreciation of property, plant and equipment | 883 | | 816 | | $ | 1,699 | |
| Interest | 485 | | 1,872 | | $ | 2,357 | |
| Income tax expense | 145 | | 100 | | $ | 245 | |
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| EBITDA | $ | 2,377 | | $ | 3,130 | | $ | 5,507 | |
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| Add (deduct): | | | | | | |
| Stock compensation expense | 75 | | - | | 75 | |
| Restructuring charges | 58 | | (13 | ) | 45 | |
| Unrealized foreign exchange loss (gain) | (108 | ) | - | | (108 | ) |
| on unsettled forward exchange contracts | | | | | | |
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| Adjusted EBITDA | 2,402 | | 3,117 | | 5,519 | |
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