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Bucyrus International, Inc. Q4 2007 Earnings Call Transcript

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2008-02-15 09:07:07.0

Tags: Bucyrus International Inc.

Question-and-Answer Session

[Operator Instructions]. Your first question comes from the line of Terry Darling with Goldman Sachs. Please proceed.

Terry Darling - Goldman Sachs Research

Thanks good morning.

Timothy W. Sullivan - President, Chief Executive Officer and Director

Good morning Terry.

Terry Darling - Goldman Sachs Research

Yes. You guys went through a lot of detail on the fourth quarter DBT margin but I just... I want to make sure that I am not missing something in translation. Craig if you could just walk through all the piece of the adjustment one more time and if you start with the $5.48 million negative in the press release, writing back the 8.86, the inventory piece I think was 6.5 on the name amortization. Then we had a $3 million onetime acquisition integration hit. We had 1 million of SAP some of which will continue for the next couple of quarters and then there was $2 million credit asset... fixed asset credit of source, am I missing any other pieces there?

Craig R. Mackus - Chief Financial Officer and Secretary

No you pretty well have it. I think in the press release last night we had a... the table broken down by segment, and you are right operating earnings were negative $5.5 million, and we had a total of around $15.1 million of depreciation and amortization add backs, to get back to an EBITDA number. What that number does not include at least for the quarter the effect of the inventory adjustments, inventory write up which would... if you want to add back that amortization of inventory there would be additional $8 million... $859 that you would add back to that table, and that would get you a back to at a subtotal and then from there if you... if you would add back some of the, the items you just mentioned about some of the detail we came up with, that will give you more of a than normalized amount for the quarter, so you have got all the pieces there.

Terry Darling - Goldman Sachs Research

Okay. So, and then this... the impact on the advance purchase or catch-up purchase of raw materials was... can you quantify that piece at all?

Craig R. Mackus - Chief Financial Officer and Secretary

I think in my... I said there was about $3 million.

Terry Darling - Goldman Sachs Research

Is that related to the... is that what you meant by the acquisition integration piece?

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