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Pregis Announces Second Quarter 2009 Financial Results
Date:8/13/2009

---- Total liabilities and stockholder's equity $713,988 $736,376 -------- -------- Pregis Holding II Corporation Consolidated Statements of Operations Unaudited (dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, ------------------- ----------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net Sales $196,003 $275,216 $381,547 $534,538 Operating costs and expenses: Cost of sales, excluding depreciation and amortization 147,049 216,276 288,056 418,770 Selling, general and administrative 26,403 34,436 54,399 69,175 Depreciation and amortization 11,305 13,610 22,776 27,150 Other operating expense, net 4,734 3,628 11,335 3,899 ----- ----- ------ ----- Total operating costs and expenses 189,491 267,950 376,566 518,994 ------- ------- ------- ------- Operating income 6,512 7,266 4,981 15,544 Interest expense 9,482 11,820 18,880 23,901 Interest income (95) (198) (122) (426) Foreign exchange loss (gain), net (8,105) 92 (4,931) (2,921) ------ -- ------ ------ Income (loss) before income taxes 5,230 (4,448) (8,846) (5,010) Income t
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