EX-99
3
ex99_1form8k-071305.txt
EXHIBIT 99.1
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
JULY 11, 2005
INTERLINE BRANDS, INC.
PROVIDES UPDATED EARNINGS GUIDANCE
JACKSONVILLE, Fla., July 11, 2005 / PRNewswire / -- Interline Brands, Inc.
(NYSE: IBI) ("Interline" or the "Company"), a national distributor and direct
marketer of maintenance, repair and operations (MRO) products, recently
announced that it had acquired Copperfield (CCS Enterprises, Inc.), a national
distributor and direct marketer of specialty ventilation and chimney maintenance
products.
The Copperfield acquisition is expected to be accretive to earnings in the
fourth quarter of 2005 and Interline Brands therefore projects pro forma net
income per diluted share for 2005 of $1.05 - $1.08 for fiscal year 2005. GAAP
net income per diluted share for fiscal year 2005 is expected to be $0.84 -
$0.87, including estimated transaction costs associated with the Company's
secondary offering announced today.
For the second quarter of 2005, the Company reaffirms its previous projection of
net income per diluted share of $0.24 - $0.26.
ABOUT INTERLINE
Interline Brands, Inc. is a leading national distributor and direct marketer
with headquarters in Jacksonville, Florida. Interline provides maintenance,
repair and operations (MRO) products to approximately 150,000 professional
contractors, facilities maintenance professionals, hardware stores, and other
customers across North America and Central America.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
The statements contained in this release which are not historical facts are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those set forth in, or
implied by, forward-looking statements. The company has tried, whenever
possible, to identify these forward-looking statements using words such as
"projects", "anticipates", "believes", "estimates", "expects", "plans,"
"intends", and similar expressions. Similarly, statements herein that describe
the company's business strategy, outlook, earnings projections, objectives,
plans, intentions or goals are also forward-looking statements. The risks and
uncertainties involving forward-looking statements include the successful
integration of the Copperfield acquisition, the failure to locate, acquire and
integrate acquisition candidates, material facilities systems disruptions and
shutdowns, the dependence on key employees and certain other risks described in
the company's Form 10-K (Commission File No. 001-32380). These statements
reflect the company's current beliefs and are based upon information currently
available to it. Be advised that developments subsequent to this release are
likely to cause these statements to become outdated with the passage of time.
The company does not currently intend, however, to update the information
provided today prior to its next earnings release.
OTHER INFORMATION
Interline has provided pro forma net income per diluted share for fiscal year
2005 to exclude the impact of certain transactions and expenses relating to
equity offerings. Pro forma net income for 2005 excludes $0.19 per share in
charges and expenses arising from a $10.3 million loss on early extinguishment
of debt related to the redemption of $70 million of the Company's 11.5% senior
subordinated notes that occurred in the first quarter of 2005 using a portion of
the Company's IPO proceeds, the interest expense of the redeemed notes and the
tax impact of the redemption. In addition, pro forma net income for 2005
excludes expenses to be incurred by Interline relating to its recently announced
secondary offering. Such expenses are expected to be $0.7 million to $1.0
million.
CONTACT: TOM TOSSAVAINEN
PHONE: 904-421-1441

EX - 99 3 ex99 _ 1form8k - 071305 . txt EXHIBIT 99 . 1 EXHIBIT 99 . 1 FOR IMMEDIATE RELEASE JULY 11 , 2005 INTERLINE BRANDS , INC . PROVIDES UPDATED EARNINGS GUIDANCE JACKSONVILLE , Fla . , July 11 , 2005 / PRNewswire / -- Interline Brands , Inc . ( NYSE : IBI ) ( " Interline " or the " Company " ) , a national distributor and direct marketer of maintenance , repair and operations ( MRO ) products , recently announced that it had acquired Copperfield ( CCS Enterprises , Inc . ) , a national distributor and direct marketer of specialty ventilation and chimney maintenance products . The Copperfield acquisition is expected to be accretive to earnings in the fourth quarter of 2005 and Interline Brands therefore projects pro forma net income per diluted share for 2005 of $ 1.05 - $ 1.08 for fiscal year 2005 . GAAP net income per diluted share for fiscal year 2005 is expected to be $ 0.84 - $ 0.87 , including estimated transaction costs associated with the Company 's secondary offering announced today . For the second quarter of 2005 , the Company reaffirms its previous projection of net income per diluted share of $ 0.24 - $ 0.26 . ABOUT INTERLINE Interline Brands , Inc . is a leading national distributor and direct marketer with headquarters in Jacksonville , Florida . Interline provides maintenance , repair and operations ( MRO ) products to approximately 150,000 professional contractors , facilities maintenance professionals , hardware stores , and other customers across North America and Central America . SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The statements contained in this release which are not historical facts are forward - looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in , or implied by , forward - looking statements . The company has tried , whenever possible , to identify these forward - looking statements using words such as " projects " , " anticipates " , " believes " , " estimates " , " expects " , " plans , " " intends " , and similar expressions . Similarly , statements herein that describe the company 's business strategy , outlook , earnings projections , objectives , plans , intentions or goals are also forward - looking statements . The risks and uncertainties involving forward - looking statements include the successful integration of the Copperfield acquisition , the failure to locate , acquire and integrate acquisition candidates , material facilities systems disruptions and shutdowns , the dependence on key employees and certain other risks described in the company 's Form 10 - K ( Commission File No . 001 - 32380 ) . These statements reflect the company 's current beliefs and are based upon information currently available to it . Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time . The company does not currently intend , however , to update the information provided today prior to its next earnings release . OTHER INFORMATION Interline has provided pro forma net income per diluted share for fiscal year 2005 to exclude the impact of certain transactions and expenses relating to equity offerings . Pro forma net income for 2005 excludes $ 0.19 per share in charges and expenses arising from a $ 10.3 million loss on early extinguishment of debt related to the redemption of $ 70 million of the Company 's 11 . 5 % senior subordinated notes that occurred in the first quarter of 2005 using a portion of the Company 's IPO proceeds , the interest expense of the redeemed notes and the tax impact of the redemption . In addition , pro forma net income for 2005 excludes expenses to be incurred by Interline relating to its recently announced secondary offering . Such expenses are expected to be $ 0.7 million to $ 1.0 million . CONTACT : TOM TOSSAVAINEN PHONE : 904 - 421 - 1441
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