Collins & Aikman Corporation
Industry: Auto & Truck Parts

Collins & Aikman Corporation is a global leader in cockpit modules and automotive floor and acoustic systems and a leading supplier of instrument panels, automotive fabric, plastic based trim and convertible top systems. The Company's current operations span the globe through 15 countries, more than 120 facilities and over 25,000 employees who are committed to achieving total excellence. Collins & Aikman's high-quality products combine superior design, styling and manufacturing capabilities with NVH "quiet" technologies that are among the most effective in the industry.

Business Summary
Collins & Aikman Corporation is engaged primarily in the design, engineering and manufacture of automotive interior components, systems and modules. The Company supplies products from three primary categories: plastic components and cockpits, soft trim and convertible roof systems. Its products include instrument panels, fully assembled cockpit modules, floor and acoustic systems, automotive fabric and interior trim, as well as exterior trim and trim set, backlights, well slings, tonneau covers and power actuating systems. In North America, Collins & Aikman manufactures components for approximately 90% of all light vehicle production platforms. Sales are primarily made to North American-based original equipment manufacturers (OEMs), as well as Asian- and European-based OEMs. It conducts all of its operating activities through its wholly owned subsidiary Collins & Aikman Products Co. The Company has 102 plants and facilities worldwide.

Financial Summary
Collins & Aikman Corp. is a global supplier of automotive interior systems, including textile and plastic trim, acoustics and convertible top systems. For the 39 weeks ended 9/30/04, revenues fell less than 1% to $2.97B. Net loss totaled $108.6M, up from $47.6M. Revenues reflect the negative volume mix change relates to elevated dealer inventory levels. Net loss also reflects reduced gross margins and a $20.3M loss on early extinguishment of debt.