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11.17.2008 - PENDLETON, Ind./PRNewswire/ -- Remy International, Inc., a leading worldwide manufacturer, remanufacturer, and distributor of heavy duty systems, starters and alternators, locomotive products and hybrid technology, announced today its operating results for the third quarter ended September 30, 2008. Sales for the quarter were $279.4 million compared to $275.3 million a year earlier, a 1.5% increase. Earnings before interest, taxes, depreciation, amortization, and restructuring charges (EBITDAR) for the quarter increased 153% to $27.8 million from $11.0 in the third quarter of 2007. Gross profit less S,G&A increased 455% to $23.3 million in the third quarter of 2008 from $4.2 million in third quarter of 2007. The net profit in the quarter was $4.3 million, a substantial improvement over 2007's third quarter's net loss of $39.3 million.
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