EX-99.2 6 l99484aexv99w2.txt EX-99.2 CONDENSED CONSOLIDATED STMT. OF OPERATIONS Exhibit 99.2 TransTechnology Corporation Unaudited Pro Forma Condensed Consolidated Statement of Operations For the year ended March 31, 2002 (Dollars in millions)
Pro Forma 03/31/02 Adjustment Pro Forma ---------- ----------- ------------ Net sales $ 72,285 $ 24,499 $ 47,786 Cost of sales 39,893 12,993 26,900 ----------- ----------- ------------ Gross profit 32,392 11,506 20,886 General, administrative and selling expenses 20,030 3,223 16,807 Interest expense 8,055 3,124 4,931 Interest income (69) - (69) Other income - net (1,537) (70) (1,467) Forbearance fees 2,651 - 2,651 Corporate office restructuring charge 1,629 - 1,629 ----------- ----------- ------------ Income (loss) from continuing operations before income taxes 1,633 5,229 (3,596) Provision (benefit) for income taxes 860 2,754 (1,894) ----------- ----------- ------------ Income (loss) from continuing operations $ 773 $ 2,475 $ (1,702) =========== =========== ============ Earnings (loss) per share: Basic: Income (loss) from continuing operations $ 0.13 $ (0.28) =========== ============ Diluted: Income (loss) from continuing operations $ 0.12 $ (0.28) =========== ============ Weighted - average basic shares outstanding 6,181,000 6,181,000 Weighted - average diluted shares outstanding 6,233,000 6,181,000 See accompanying notes to Unaudited Pro Forma Consolidated Financial Information.