Centerbridge’s American Bath Reports Revenue Growth in Prelim 1Q

American Bath Group’s revenue jumped 7.4% in the first quarter compared to the prior year after accounting for acquisitions, the company disclosed in preliminary earnings earlier this week, according to people familiar with the matter.

• The Centerbridge Partners-backed manufacturer of showers and bathtubs reported $391 million of revenue in the first quarter vs. $364 million last year, said the people, asking not to be identified discussing private information
  • Excluding the asset tuck-ins, revenue fell 4.2% to about $349 million
  • Its quarterly adjusted measure of earnings fell 3.7% y/y to $60.5 million (including acquisitions)
  • Gross margin compressed to 33% ...