Champion Industries Returns to Profitability on Lower Sales

Toney K. Adkins, president and COO, noted, “We have seen some signs of improvement in certain areas but we are certainly not back to historic levels. We intend to continue to be prepared to adjust our cost structure to reflect the economic realities we are facing in this operating environment.”

At Oct. 31, 2010, the company had approximately $57.8 million of interest bearing debt. This debt has been reduced by approximately $26.6 million since October 31, 2007, which represents a reduction of over 31.5 percent in a three-year period.