STANDARD MOTOR PRODUCTS, INC.
Consolidated Statements of Operations
(Dollars in thousands, except per share amounts)
THREE MONTHS ENDED TWELVE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
2005 2004 2005 2004
NET SALES  $       172,137  $       180,966  $       830,413  $       824,283
COST OF SALES           132,639           151,743           644,433           629,290
GROSS PROFIT             39,498             29,223           185,980           194,993
SELLING, GENERAL & ADMINISTRATIVE EXPENSES             41,641             41,414           166,556           178,852
GOODWILL IMPAIRMENT                        -               6,429                        -               6,429
INTEGRATION EXPENSES                   722               2,857               5,342             11,449
OPERATING INCOME (LOSS)              (2,865)            (21,477)             14,082              (1,737)
OTHER INCOME (EXPENSE), NET               1,602               1,095               2,648               2,861
INTEREST EXPENSE               4,460               3,321             17,077             13,710
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES              (5,723)            (23,703)                 (347)            (12,586)
PROVISION (BENEFIT) FOR INCOME TAXES                   (18)              (6,458)               1,423              (3,679)
LOSS FROM CONTINUING OPERATIONS              (5,705)            (17,245)              (1,770)              (8,907)
DISCONTINUED OPERATION, NET OF TAX                 (535)                 (617)              (1,775)              (3,909)
CUMULATIVE EFFECT OF ACCOUNTING CHANGE                      -                (1,564)                      -                (1,564)
NET LOSS  $          (6,240)  $       (19,426)  $          (3,545)  $       (14,380)
NET LOSS PER COMMON SHARE:
   BASIC LOSS FROM CONTINUING OPERATIONS  $            (0.29)  $            (0.89)  $            (0.09)  $            (0.46)
   DISCONTINUED OPERATION                (0.03)                (0.03)                (0.09)                (0.20)
   CUMULATIVE EFFECT OF ACCOUNTING CHANGE                      -                  (0.08)                      -                  (0.08)
   NET LOSS PER COMMON SHARE - BASIC  $            (0.32)  $            (1.00)  $            (0.18)  $            (0.74)
   DILUTED LOSS FROM CONTINUING OPERATIONS  $            (0.29)  $            (0.89)  $            (0.09)  $            (0.46)
   DISCONTINUED OPERATION                (0.03)                (0.03)                (0.09)                (0.20)
   CUMULATIVE EFFECT OF ACCOUNTING CHANGE                      -                  (0.08)                      -                  (0.08)
   NET LOSS PER COMMON SHARE - DILUTED  $            (0.32)  $            (1.00)  $            (0.18)  $            (0.74)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES     19,504,191     19,388,015     19,507,818     19,331,358
WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES     19,504,191     19,388,015     19,507,818     19,331,358