Trailer Bridge Reports 2010 Fourth Quarter and Year-End Audited 2010 Financial Results.

Business Wire › March 31, 2011

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Trailer Bridge Reports 2010 Fourth Quarter and Year-End Audited 2010 Financial Results.

Company to Hold Conference Call on Friday, April 1(st), 2011, at 10:00 AM ET

Operating Highlights

* Progress on the refinancing of the 9.25% Notes due November 2011

* Completion of San Juan ramp/turn deck capital improvement

* Completion of two ro/ro vessel five-year regulatory dry docking

2010 Fourth Quarter Financial Measures

* Revenue of $28.4 million

* EBITDA of $1.1 million

* Adjusted EBITDA of $1.8 million

2010 Financial Measures

* Revenue increases 3.4% to $118.2 million

* Operating income was $7.7 million

* EBITDA of $13.9 million

* Company generated $8.9 million in cash from operations

* Adjusted EBITDA of $15.9 million

JACKSONVILLE, Fla. -- Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today reported audited financial results for its fourth quarter and twelve-months ended December 31, 2010 (see attached tables).

Refinancing Progress

Trailer Bridge also announced significant progress on the re-financing of its 9 1/4 % Notes due November 2011. The Company ex...

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