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2020 Estimated Budget
Depreciation Earnings Before Taxes Amortization
Shareholder Distribution SG&A EBITDA
COGS Interest
We are forecasting an increase of 50% in revenue over the 2019 figures, with a total revenue of $68.7
million. Cost of goods are projected to be 51.42% of sales totaling $35.4 million, resulting in a gross
profit of $33.4 million and an EBITDA of $17.2 million.
Prepared for Growers Ice Company, Inc.
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Jim White, PhD --- JL White International
