17207 Wed, 10/21/2009 - 11:58am
NEW YORK-Ronco posted earnings before interest, taxes, depreciation and amortization of $2 million in the third quarter.
Year to date, the company said in a statement, EBITDA totaled $3.4 million on about $16.2 million in revenues. This marks the sixth consecutive quarter of increased sales and profits, the company said. Ronco added that it has also increased its retail reach in distribution channels ranging from mass merchants to specialty stores and drug stores.
Larry Nusbaum, president and chief executive officer, said Ronco is preparing to introduce more new patented products at the International Housewares Show in Chicago in March 2010.