PENDLETON, Ind. -- Remy International has announced its operating results for the first quarter ended March 31. Sales for the quarter were $301.1 million compared to $284.7 million a year earlier, a 6 percent increase. Earnings before interest, taxes, depreciation, amortization and restructuring charges (EBITDAR) for the quarter increased 45 percent to $19.1 million from $13.2 in the first quarter of 2007.

Gross profit less S,G&A increased 55 percent to $13 million in the first quarter of 2008 from $8.4 million in first quarter of 2007. The net loss in the quarter was $6.6 million, a substantial improvement over 2007's first quarter's net loss of $24.3 million, a 73 percent decrease.

"Our first quarter's results show the benefits of the operational improvement actions we started last year and that are continuing from our successful emergence from the prepackaged reorganization in December 2007," said John Weber, Remy International, president and chief executive officer. "Remy is developing new products that feature innovative eco-friendly technologies. We are committed to flawless execution in delivering products to our customers and results to our stakeholders, and to being recognized for our industry leadership. We are experiencing growth in our heavy duty products and in our new hybrid technology products. While this growth is promising, the overall slowdown in the U.S. economy, especially the auto industry, together with large raw material and energy cost increases are putting significant pressure on our business for the remainder of 2008."

For more information about Remy International, go to: www.remyinc.com.