WESTLAKE, Ohio–(BUSINESS WIRE)– TravelCenters of America LLC (NYSE Amex: TA), or TA, today announced financial results for the first quarter ended March 31, 2009.
In addition to the historical financial results prepared in accordance with generally accepted accounting principles and presented in this press release, TA is furnishing supplemental data that it believes may help investors better understand TA’s business. Included in this supplemental data is same site operating data that includes operating data for all of the travel centers in operation on March 31, 2009 that were operated by TA continuously since January 1, 2008. Also included is a presentation of earnings before interest, taxes, depreciation, amortization and rent, or EBITDAR, along with EBITDAR excluding the impact of certain noncash items and certain items that TA considers to be nonrecurring and other items described, or Adjusted EBITDAR.
At March 31, 2009, TA’s business included 233 sites, 166 of which were operated under the “TravelCenters of America” or “TA” brand names and 67 that were operated under the “Petro” brand name.
more …