Life Fitness Files Initial Registration Documents for Spin-off
The filing shows net income off 48% to $11.4 million against $22.1 million for the six months ended Jun. 30 as sales improved 2% to $495.4 million compared to $486.6 million. Even adjusted for lower restructuring costs of $1.8 million against $9.3 million and the $4.2 million in charges related to the spin-off, adjusted EBITDA was off 32% to $34.9 million against $51.2 million for the period. Too, the filing doesn’t provide any detail on the management structure. Brunswick initially said that the incumbent head of the division, Jamie Irick, would be replaced by James Worthy, the general manager of ... Log in to view full article.