STANDARD MOTOR PRODUCTS, INC.
Consolidated Statements of Operations
(Dollars in thousands, except per share amounts)
THREE MONTHS ENDED
MARCH 31,
2006 2005
NET SALES  $       210,076  $       207,326
COST OF SALES           156,845           158,891
GROSS PROFIT             53,231             48,435
SELLING, GENERAL & ADMINISTRATIVE EXPENSES             43,788             42,076
INTEGRATION EXPENSES                     87                   524
OPERATING INCOME                9,356               5,835
OTHER INCOME (EXPENSE), NET                   350                 (215)
INTEREST EXPENSE               4,453               3,775
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES               5,253               1,845
INCOME TAX EXPENSE                2,655                   792
EARNINGS FROM CONTINUING OPERATIONS               2,598               1,053
DISCONTINUED OPERATION, NET OF TAX                 (764)                 (407)
NET INCOME  $           1,834  $              646
NET EARNINGS PER COMMON SHARE:
   BASIC EARNINGS FROM CONTINUING OPERATIONS  $             0.14  $             0.05
   DISCONTINUED OPERATION                (0.04)                (0.02)
   NET INCOME PER COMMON SHARE - BASIC  $             0.10  $             0.03
   DILUTED EARNINGS FROM CONTINUING OPERATIONS  $             0.14  $             0.05
   DISCONTINUED OPERATION                (0.04)                (0.02)
   NET INCOME PER COMMON SHARE - DILUTED  $             0.10  $             0.03
WEIGHTED AVERAGE NUMBER OF COMMON SHARES     18,192,774     19,440,356
WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES     18,195,888     19,478,064