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