Exide Technologies (Princeton, NJ) announced financial results for the second quarter and first six months of fiscal 2005 ended September 30, 2004. Consolidated net sales for the second quarter of fiscal 2005 rose 8.5% to $637.6 million from $587.4 million in the second quarter of fiscal 2004. Quarterly net sales results benefited from favorable currency exchange rates compared to the prior year and the effect of the company's lead-related pricing actions.
Consolidated net loss for the second quarter of fiscal 2005, including restructuring costs of $4.8 million, reorganization costs of $1.7 million and gain on revaluation of warrants liability of $12.1 million, was $17.1 million, or $0.68 per share, compared to a net loss of $15.7 million, or $0.57 per share, in the second quarter of fiscal 2004, including restructuring costs of $4.8 million and reorganization costs of $15.7 million. Net loss as adjusted for these items was $22.7 million for the second quarter of fiscal 2005, compared to net income as adjusted of $4.8 million for the second quarter of fiscal 2004.
