BRIEF-Colabor Group reports Q2 earnings of $0.11/ share

Thu Jul 14, 2016 7:56am EDT
 
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July 14 (Reuters) - Colabor Group Inc

* Colabor Group reports results for the second quarter of 2016

* Consolidated sales were $364.8 million for 84-day period ended June 11, 2016, up from $366.6 million

* Colabor Group Inc quarterly earnings per share $0.11

* Once recap process is completed, total-net-debt-to-adjusted EBITDA ratio for last 12 months to decrease from 6.7 to about 5.1x on pro forma basis

* Agreement will also have advantage of reducing interest expenses by about $3 million per year Source text for Eikon: Further company coverage: