STANDARD MOTOR PRODUCTS, INC. |
Consolidated
Statements of Operations |
|
(Dollars in
thousands, except per share amounts) |
|
|
|
THREE MONTHS ENDED |
|
SIX MONTHS ENDED |
|
|
JUNE 30, |
|
JUNE 30, |
|
|
2005 |
|
2004 |
|
2005 |
|
2004 |
|
|
|
|
|
|
NET SALES |
|
$ 226,512 |
|
$ 235,049 |
|
$ 433,838 |
|
$ 439,830 |
|
|
|
|
|
|
|
|
|
|
COST OF SALES |
|
177,602 |
|
172,781 |
|
336,493 |
|
326,602 |
|
|
|
|
|
|
|
|
|
|
GROSS PROFIT |
|
48,910 |
|
62,268 |
|
97,345 |
|
113,228 |
|
|
|
|
|
|
|
|
|
|
SELLING, GENERAL &
ADMINISTRATIVE EXPENSES |
|
43,705 |
|
46,674 |
|
85,781 |
|
94,002 |
|
INTEGRATION COSTS |
|
3,878 |
|
2,556 |
|
4,402 |
|
3,923 |
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME |
|
1,327 |
|
13,038 |
|
7,162 |
|
15,303 |
|
|
|
|
|
|
|
|
|
|
OTHER INCOME, NET |
|
1,194 |
|
700 |
|
979 |
|
943 |
|
|
|
|
|
|
|
|
|
|
INTEREST EXPENSE |
|
4,290 |
|
3,681 |
|
8,065 |
|
6,915 |
|
|
|
|
|
|
|
|
|
|
EARNINGS (LOSS) FROM
CONTINUING OPERATIONS BEFORE TAXES |
|
(1,769) |
|
10,057 |
|
76 |
|
9,331 |
|
|
|
|
|
|
|
|
|
|
INCOME TAX EXPENSE (BENEFIT) |
|
(488) |
|
2,514 |
|
304 |
|
2,333 |
|
|
|
|
|
|
|
|
|
|
EARNINGS (LOSS) FROM
CONTINUING OPERATIONS |
|
(1,281) |
|
7,543 |
|
(228) |
|
6,998 |
|
|
|
|
|
|
|
|
|
|
LOSS FROM DISCONTINUED
OPERATION, NET OF TAX |
|
(384) |
|
(851) |
|
(791) |
|
(1,276) |
|
|
|
|
|
|
|
|
|
|
NET EARNINGS (LOSS) |
|
$
(1,665) |
|
$
6,692 |
|
$
(1,019) |
|
$
5,722 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
NET EARNINGS (LOSS) PER COMMON
SHARE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BASIC EARNINGS (LOSS) FROM CONTINUING
OPERATIONS |
|
$ (0.07) |
|
$ 0.39 |
|
$ (0.01) |
|
$ 0.36 |
|
DISCONTINUED OPERATION |
|
(0.02) |
|
(0.04) |
|
(0.04) |
|
(0.06) |
|
NET EARNINGS (LOSS) PER COMMON SHARE -
BASIC |
|
$
(0.09) |
|
$
0.35 |
|
$
(0.05) |
|
$
0.30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DILUTED EARNINGS (LOSS) FROM CONTINUING
OPERATIONS |
|
$ (0.07) |
|
$ 0.38 |
|
$
(0.01) |
|
$
0.36 |
|
DISCONTINUED OPERATION |
|
(0.02) |
|
(0.04) |
|
(0.04) |
|
(0.06) |
|
NET EARNINGS (LOSS) PER COMMON SHARE -
DILUTED |
|
$
(0.09) |
|
$
0.34 |
|
$
(0.05) |
|
$
0.30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES |
|
19,538,269 |
|
19,346,553 |
|
19,489,583 |
|
19,290,048 |
|
WEIGHTED
AVERAGE NUMBER OF COMMON SHARES AND DILUTIVE SHARES |
19,538,269 |
|
22,247,798 |
|
19,489,583 |
|
19,394,511 |
|
|
|
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