| Income Statement for P & F Industries Inc. (PFIN) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 110,825 | 111,733 | 107,978 | 103,632 | 85,930 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (75,136) | (75,646) | (71,895) | (69,038) | (58,001) | | Gross Operating Profit | 35,689 | 36,087 | 36,083 | 34,594 | 27,929 | | | Selling/General/Admin Expense | (28,100) | (25,529) | (24,285) | (23,621) | (20,043) | | Research & Development | - | - | - | - | - | | EBITDA | 7,589 | 10,558 | 11,798 | 10,973 | 7,886 | | Depreciation & Amortization | (2,847) | (2,106) | (1,924) | (2,517) | (2,256) | | EBIT | 4,742 | 8,452 | 9,874 | 8,457 | 5,630 | | Interest Income | - | - | - | - | - | | Other Income, Net | - | - | - | - | 477 | | Total Income Avail For Interest Expense | (18,720) | 8,452 | 9,874 | 8,457 | 6,107 | | Interest Expense | (2,918) | (1,973) | (1,896) | (1,185) | (727) | | Pre-Tax Income | (21,638) | 6,479 | 7,978 | 7,272 | 5,380 | | Income Taxes | 4,415 | (2,668) | (3,131) | (3,034) | (2,017) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (17,223) | 3,811 | 4,847 | 4,238 | 3,363 | | Net Income from Discontinued Operations | 3,129 | 70 | 1,724 | (200) | - | | Net Income from Total Operations | (14,094) | 3,881 | 6,571 | 4,039 | 3,363 | | | Normalized Income | 6,239 | 3,811 | 4,847 | 4,238 | 3,363 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (23,462) | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (14,094) | 3,881 | 6,571 | 4,039 | 3,363 | | | 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 | - | - | - | - | - | | | Basic EPS from Continuing Operations | -4.77 | 1.06 | 1.36 | 1.20 | 0.96 | | Basic EPS from Discontinued Operations | 0.87 | 0.02 | 0.48 | -0.05 | 0.00 | | Basic EPS from Total Operations | -3.90 | 1.08 | 1.84 | 1.15 | 0.96 | | | Diluted EPS from Continuing Operations | -4.77 | 1.01 | 1.25 | 1.15 | 0.94 | | Diluted EPS from Discontinued Operations | 0.87 | 0.02 | 0.45 | -0.05 | 0.00 | | Diluted EPS from Total Operations | -3.90 | 1.03 | 1.70 | 1.10 | 0.94 | | | |
