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
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