| Income Statement for National Technical Systems Inc. (NTSC) | | | | | | | Income | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Operating Revenue | 122,376 | 115,673 | 111,524 | 106,997 | 103,913 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (86,346) | (83,208) | (79,011) | (78,029) | (76,427) | | Gross Operating Profit | 36,030 | 32,465 | 32,513 | 28,968 | 27,486 | | | Selling/General/Admin Expense | (24,071) | (22,176) | (21,412) | (20,649) | (19,495) | | Research & Development | - | - | - | - | - | | EBITDA | 11,959 | 10,289 | 11,101 | 8,319 | 7,991 | | Depreciation & Amortization | (6,155) | (5,822) | (5,283) | (4,798) | (4,776) | | EBIT | 5,804 | 4,467 | 5,818 | 3,521 | 3,215 | | Interest Income | - | - | - | - | - | | Other Income, Net | 414 | 111 | 176 | 162 | 192 | | Total Income Avail For Interest Expense | 6,360 | 4,779 | 6,253 | 3,683 | 3,407 | | Interest Expense | (1,950) | (1,801) | (1,298) | (1,091) | (1,097) | | Pre-Tax Income | 4,410 | 2,978 | 4,955 | 2,592 | 2,310 | | Income Taxes | (1,711) | (1,309) | (1,966) | (910) | (1,056) | | Minority Interest | (84) | (88) | (50) | - | 39 | | Net Income from Continuing Operations | 2,615 | 1,581 | 2,939 | 1,682 | 1,293 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 2,615 | 1,581 | 2,939 | 1,682 | 1,293 | | | Normalized Income | 2,615 | 1,581 | 2,939 | 1,682 | 1,293 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 2,615 | 1,581 | 2,939 | 1,682 | 1,293 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.30 | 0.18 | 0.32 | 0.19 | 0.15 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.30 | 0.18 | 0.32 | 0.19 | 0.15 | | | Diluted EPS from Continuing Operations | 0.28 | 0.17 | 0.30 | 0.18 | 0.14 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.28 | 0.17 | 0.30 | 0.18 | 0.14 | | | |
