VISTA, Calif.--(BUSINESS WIRE)--Glacier Water Services, Inc. (OTC Pink: GWSV) announced results for the third quarter of the fiscal year 2014, ended September 28, 2014.
Revenues for the third quarter ended September 28, 2014 increased 6.3% to $37,690,000 compared to $35,458,000 for the same period last year. For the nine-month period ended September 28, 2014, revenues increased 6.3% to $102,057,000 compared to $96,032,000 for the same period last year. Sales growth for the third quarter and nine-month period ended September 28, 2014 was driven primarily by positive growth in same-store productivity.
Brian McInerney, Chief Executive Officer of Glacier Water, said, “Our third quarter and year-to-date revenues increased 6.3% versus the comparable periods last year. On a same-store basis, revenues increased 5.3% year-to-date. The Company’s first nine months of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $18,379,000, an increase of 11.1% or $1,832,000 over the same period last year. At the end of the third quarter, Glacier operated approximately 23,500 machines located at retailers across the U.S. and Canada, providing high quality, great tasting drinking water or premium ice.” Full report.
