| Income Statement for Devcon International Corp. (DEVC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 55,792 | 105,623 | 84,868 | 69,158 | 55,313 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (24,412) | (52,418) | (59,358) | (49,400) | (43,205) | | Gross Operating Profit | 31,380 | 53,205 | 25,510 | 19,759 | 12,108 | | | Selling/General/Admin Expense | (25,979) | (49,644) | (27,240) | (17,420) | (15,857) | | Research & Development | - | - | - | - | - | | EBITDA | 5,401 | 3,561 | (1,730) | 2,339 | (3,749) | | Depreciation & Amortization | (17,703) | (22,751) | (10,494) | (5,035) | (5,354) | | EBIT | (12,302) | (19,190) | (12,224) | (2,697) | (9,103) | | Interest Income | 137 | 577 | 816 | 2,897 | 2,612 | | Other Income, Net | 3,067 | 8,295 | (2,865) | 71 | 413 | | Total Income Avail For Interest Expense | (9,098) | (14,287) | (14,477) | 11,242 | (6,078) | | Interest Expense | (10,572) | (22,348) | (2,650) | (164) | (151) | | Pre-Tax Income | (19,670) | (36,635) | (17,127) | 11,078 | (6,229) | | Income Taxes | 2,369 | 7,627 | 220 | (441) | (2,388) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (17,301) | (29,008) | (16,907) | 10,637 | (8,617) | | Net Income from Discontinued Operations | (6,398) | 294 | 2,591 | - | - | | Net Income from Total Operations | (23,699) | (28,714) | (14,316) | 10,637 | (8,617) | | | Normalized Income | (17,301) | (25,039) | (16,703) | (333) | (8,617) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (3,969) | (204) | 10,970 | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (23,699) | (28,714) | (14,316) | 10,637 | (8,617) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | 5,651 | - | - | - | - | | | Basic EPS from Continuing Operations | -2.81 | -4.81 | -2.86 | 2.44 | -2.57 | | Basic EPS from Discontinued Operations | -1.04 | 0.05 | 0.44 | 0.00 | 0.00 | | Basic EPS from Total Operations | -3.85 | -4.76 | -2.42 | 2.44 | -2.57 | | | Diluted EPS from Continuing Operations | -2.81 | -4.81 | -2.86 | 2.09 | -2.57 | | Diluted EPS from Discontinued Operations | -1.04 | 0.05 | 0.44 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -3.85 | -4.76 | -2.42 | 2.09 | -2.57 | | | |
