Message #22 From:
NewsBot Date: November 8, 2006 02:23:00 PM
THMD News Thermadyne Holdings Corporation Announces Filing of Its Second Quarter Results on Form 10-Q
ST. LOUIS--(BUSINESS WIRE)--Thermadyne Holdings Corporation (Pink Sheets: THMD) announced today that
it has filed its Quarterly Report on Form 10-Q for the quarter ended
June 30, 2006.
The Company’s unaudited net income and per
share information for the three- and six-month periods ended June 30,
2006, as reported on Form 10-Q, vary from the Company’s
preliminary and unreviewed results for those periods, as communicated in
a press release dated August 31, 2006, due to a reduction in the income
tax provision. This reduced the net loss from $5.8 million to $5.3
million for the three months ended June 30, 2006 and from $7.2 million
to $6.7 million for the six-month period. The related loss per share
amount was also reduced from $0.44 to $0.40 and from $0.54 to $.50 for
the three- and six-month periods, respectively.
The Company’s filing of Form 10-Q was delayed
as a result of the recently completed restatements of prior-period
results and to allow for its new independent registered public
accounting firm, KPMG, LLP, to conduct its review of the Company’s
interim financial statements.
About Thermadyne
Thermadyne, headquartered in St. Louis, Missouri, is a leading global
marketer of cutting and welding products and accessories under a variety
of brand names including Victor®, Tweco®
/ Arcair®, Thermal Dynamics®,
Thermal Arc®, Stoody®,
and Cigweld®. Its common shares trade on the
pink sheets under the symbol THMD.PK. For more information about
Thermadyne, its products and services, visit the Company’s
web site at www.Thermadyne.com.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.These
statements reflect management’s current
expectations and involve a number of risks and uncertainties.Actual
results may differ materially from such statements due to a variety of
factors that could adversely affect the Company’s
operating results.These risks and factors are set forth in
documents the Company files with the Securities and Exchange Commission,
specifically in the Company’s most recent
Annual Report on Form 10-K and other reports it files from time to time.
