SMTC Corporation Reports Third Quarter Results


 
Supplementary Information:
Reconciliation of Proforma Adjusted EBITDA 
       
  SMTC  MC  Proforma 
  September 30, 2018  September 30, 2018  September 30, 2018 
        
Net income$  864 $  343 $  1,207 
Add (deduct):      
Depreciation of property, plant and equipment883 816 $  1,699 
Interest485 1,872 $  2,357 
Income tax expense145   100 $  245 
       
EBITDA$  2,377 $  3,130 $  5,507 
       
Add (deduct):      
Stock compensation expense 75   - 75 
Restructuring charges   58     (13 )   45  
Unrealized foreign exchange loss (gain)    (108 )   -     (108 )
  on unsettled forward exchange contracts            
             
Adjusted EBITDA   2,402     3,117     5,519  
             

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