SKIP BARBER RACING SCHOOL LLC PROFITABLE FIRST HALF 2013Sep 30, 2013
FOR IMMEDIATE RELEASE
SKIP BARBER RACING SCHOOL LLC PROFITABLE FIRST HALF 2013
Revenues grow 9% in H1 2013
Braselton, GA (September 23, 2013) – Skip Barber Racing School LLC announced its financial results for the first half of 2013.
The Company had positive earnings before taxes for the first half of 2013. This is in addition to 2012 being the fourth year of profitability for the Company since 2009. The Company’s annual financial results are audited.
Revenues for 1H 2013 grew by 9% and earnings before taxes were 12% of sales, a significant improvement over 1H 2012.
Michael Culver, CEO and Managing Member said, “We are encouraged to be experiencing growth once again. We are now in a position where demand exceeds capacity, and as a result, waitlists and lost sales opportunities are significant. The Skip Barber Racing School team is working hard to fund and build more seat capacity and to acquire more track days. Our customers want more exposure to our exceptional experiences and instruction, and we are actively looking to provide that access.”
Mr. Culver thanked all of Skip Barber Racing School’s constituents including: partners and sponsors, employees and instructors, track owners and above all customers for their support.
Michael Culver, CEO
860 435 4144
About Skip Barber Racing School:
For 38 years Skip Barber Racing School, the leader in high performance driving and racing education, has operated a fully integrated system of racing schools, driving schools, racing championships, corporate events and OEM events across North America. Skip Barber Racing School provides entry-level, equal car championships. The athletes are given media exposure, expert coaching, on-track arrive and drive experience, financial awards and motorsport scholarships. The reason many people choose to race with Skip Barber Racing School is because they know it is the place where the stars of tomorrow begin their careers. The Skip Barber Racing School launched the auto racing careers of Ryan Hunter-Reay, Marco Andretti, Scott Speed, A.J. Allmendinger, Raphael Matos, Spencer Pigot, Josef Newgarden and many more.
For more information go to skipbarber.com or call 800.221.1131.