DALTON, Ga., May 2 /PRNewswire/ -- Tandus Group, Inc., which includes Collins &
Aikman Floorcoverings, Inc., and subsidiaries, today reports earnings for the
quarter and year ended January 26, 2002.
Revenues for the year ended January 26, 2002 were $322.0 million compared to
$341.3 million for the prior year. EBITDA for the year ended January 26, 2002
was $60.1 million compared to $63.1 million for the prior year. As a percentage
of sales, EBITDA margin for the year ended January 26, 2002 was 18.7% compared
to 18.5% for the prior year. The decline in revenues relates to the softness in
the economy during the last six months of the year. The EBITDA decline relates
to the revenue shortfall offset by lower spending and cost control initiatives.