Chattem Announces 2001 Third Quarter and First Nine Months Financial Results Exceeding Earlier Guidance; Gives Initial Guidance for Fiscal 2002.

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Chattem Announces 2001 Third Quarter and First Nine Months Financial Results Exceeding Earlier Guidance; Gives Initial Guidance for Fiscal 2002.

Business Editors

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Sept. 19, 2001

Chattem, Inc. (NASDAQ: CHTT), a leading marketer and manufacturer of branded consumer products, announced today financial results for the fiscal third quarter and first nine months ended August 31, 2001.

Net sales for the quarter were $49.6 million, earnings before interest, taxes, depreciation and amortization (EBITDA) was $11.3 million and income before extraordinary loss on early extinguishment of debt was $2.7 million, or $.30 per share. Cash earnings - income before extraordinary items plus non-cash amortization - were $3...

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