| 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 | |||||