| STANDARD MOTOR PRODUCTS, INC. | |||||||||
| Consolidated Statements of Operations | |||||||||
| (Dollars in thousands, except per share amounts) | |||||||||
| THREE MONTHS ENDED | NINE MONTHS ENDED | ||||||||
| SEPTEMBER 30, | SEPTEMBER 30, | ||||||||
| 2004 | 2003 | 2004 | 2003 | ||||||
| NET SALES | $ 203,487 | $ 214,479 | $ 643,317 | $ 516,329 | |||||
| COST OF SALES | 150,945 | 156,191 | 477,547 | 379,682 | |||||
| GROSS PROFIT | 52,542 | 58,288 | 165,770 | 136,647 | |||||
| SELLING, GENERAL & ADMINISTRATIVE EXPENSES | 43,436 | 48,956 | 137,438 | 113,671 | |||||
| INTEGRATION COSTS | 4,669 | 1,926 | 8,592 | 2,702 | |||||
| OPERATING INCOME | 4,437 | 7,406 | 19,740 | 20,274 | |||||
| OTHER INCOME (EXPENSE), NET | 823 | 125 | 1,766 | (278) | |||||
| INTEREST EXPENSE | 3,474 | 4,070 | 10,389 | 10,276 | |||||
| EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES | 1,786 | 3,461 | 11,117 | 9,720 | |||||
| INCOME TAX EXPENSE | 446 | 1,419 | 2,779 | 3,985 | |||||
| EARNINGS FROM CONTINUING OPERATIONS | 1,340 | 2,042 | 8,338 | 5,735 | |||||
| LOSS FROM DISCONTINUED OPERATION, NET OF TAX | (2,016) | (591) | (3,292) | (1,372) | |||||
| NET EARNINGS (LOSS) | $ (676) | $ 1,451 | $ 5,046 | $ 4,363 | |||||
| NET EARNINGS PER COMMON SHARE: | |||||||||
| BASIC EARNINGS FROM CONTINUING OPERATIONS | $ 0.07 | $ 0.11 | $ 0.43 | $ 0.39 | |||||
| DISCONTINUED OPERATION | (0.10) | (0.03) | (0.17) | (0.09) | |||||
| NET EARNINGS (LOSS) PER COMMON SHARE - BASIC | $ (0.03) | $ 0.08 | $ 0.26 | $ 0.30 | |||||
| DILUTED EARNINGS FROM CONTINUING OPERATIONS | $ 0.07 | $ 0.11 | $ 0.43 | $ 0.39 | |||||
| DISCONTINUED OPERATION | (0.10) | (0.03) | (0.17) | (0.09) | |||||
| NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED | $ (0.03) | $ 0.08 | $ 0.26 | $ 0.30 | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES | 19,356,423 | 19,194,121 | 19,312,334 | 14,580,042 | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES AND DILUTIVE SHARES | 19,460,252 | 19,218,855 | 19,415,562 | 14,634,466 | |||||