EX-99.1 3 j1880_ex99d1.htm EX-99.1

EXHIBIT 99.1

 

STEWART & STEVENSON SERVICES, INC.

SEGMENT INFORMATION

 

(In thousands)

 

 

 

Three Months Ended (Unaudited)

 

 

 

May 3, 2003

 

January 31, 2003

 

November 2, 2002

 

August 3, 2002

 

May 4, 2002

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

 

 

 

 

 

 

 

 

 

 

Tactical Vehicle Systems

 

$

110,977

 

$

116,268

 

$

113,715

 

$

105,405

 

$

115,461

 

Power Products

 

124,349

 

128,289

 

127,858

 

133,522

 

149,276

 

Engineered Products Division

 

 

 

 

 

 

 

 

 

 

 

Petroleum Equipment

 

23,060

 

25,438

 

18,405

 

8,792

 

6,518

 

Distributed Energy Solutions

 

13,069

 

9,132

 

18,285

 

17,832

 

11,783

 

Utilities Equipment

 

2,588

 

2,040

 

1,843

 

1,803

 

1,584

 

Airline Products

 

14,244

 

11,156

 

14,737

 

15,353

 

12,717

 

Other Business Activities

 

1,484

 

2,024

 

1,739

 

2,328

 

2,331

 

Total Sales

 

$

289,771

 

$

294,347

 

$

296,582

 

$

285,035

 

$

299,670

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Profit (Loss)

 

 

 

 

 

 

 

 

 

 

 

Tactical Vehicle Systems

 

$

17,784

 

$

20,394

 

$

18,442

 

$

15,577

 

$

14,914

 

Power Products

 

(2,851

)

(9,079

)

(4,958

)

332

 

3,275

 

Engineered Products Division

 

 

 

 

 

 

 

 

 

 

 

Petroleum Equipment

 

608

 

1,654

 

350

 

(1,527

)

(564

)

Distributed Energy Solutions

 

(3,982

)

(4,842

)

635

 

(2,052

)

(2,201

)

Utilities Equipment

 

(892

)

(652

)

(698

)

(569

)

(919

)

Airline Products

 

(1,992

)

(11,805

)

(1,987

)

(993

)

(2,214

)

Other Business Activities

 

(521

)

(393

)

(395

)

221

 

(47

)

Total Operating Profit

 

8,154

 

(4,723

)

11,389

 

10,989

 

12,244

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses, net

 

(5,070

)

(3,075

)

(2,910

)

(3,682

)

(3,895

)

Interest and investment income

 

500

 

566

 

485

 

374

 

338

 

Interest expense

 

(1,244

)

(1,130

)

(1,161

)

(838

)

(1,132

)

Earnings from continuing operations before income taxes

 

$

2,340

 

$

(8,362

)

$

7,803

 

$

6,843

 

$

7,555