Water Pik Technologies Reports Fourth Quarter 2005 Operating Results; Sales from Continuing Operations Increase 10.9 Percent to

Water Pik Technologies, Inc. (NYSE:PIK) today announced
sales from continuing operations for the three months ended September
30, 2005 were $89.9 million, an increase of $8.8 million or 10.9
percent as compared to sales of $81.1 million for the same three-month
period ended September 30, 2004. Income from continuing operations
increased 49.3 percent to $5.6 million or $0.44 per share for fourth
quarter 2005 as compared to $3.7 million or $0.30 per share for the
same period in 2004. Net income was $5.5 million or $0.43 per share
for fourth quarter 2005 as compared to $4.6 million or $0.36 per share
for the same period in 2004. EBITDA (earnings before interest, taxes,
depreciation and amortization) from continuing operations increased
23.2 percent to $11.0 million for fourth quarter 2005 as compared to
$8.9 million for the same period in 2004.
-0-
*T
                    Three Months Ended       Twelve Months Ended
(In thousands,        September 30,             September 30,
 except per-share
 amounts)                                %                         % 
(Unaudited)           2005     2004     Chg.   2005      2004     Chg.
----------------------------------------------------------------------
Results from
 continuing
 operations

  Sales              $89,948  $81,111  10.9% $321,271  $306,578   4.8%
  Operating income    $8,820   $6,368  38.5%  $26,223   $19,877  31.9%
  Income from
   continuing
   operations         $5,562   $3,726  49.3%  $15,596   $11,623  34.2%
  EBITDA             $10,969   $8,906  23.2%  $35,348   $29,398  20.2%

  Diluted net income
   (loss) per
   share(a)
     Continuing
      operations       $0.44    $0.30  46.7%    $1.23     $0.92  33.7%
     Discontinued
      operations      $(0.01)   $0.07           $0.30     $0.14
                      -------   -----           -----     -----
     Net income        $0.43    $0.36  19.4%    $1.52     $1.07  42.1%

(a) Diluted net income (loss) per share may not add due to rounding.
*T
   Sales from continuing operations for the twelve months ended
September 30, 2005 (Fiscal Year 2005) were $321.3 million, an increase
of 4.8 percent as compared to sales of $306.6 million for the same
period in 2004. Income from continuing operations increased 34.2
percent to $15.6 million or $1.23 per share for Fiscal Year 2005 as
compared to $11.6 million or $0.92 per share for the same period in
2004. For Fiscal Year 2005, net income of $1.52 per share includes
income on discontinued operations net of taxes of $3.8 million or
$0.30 per share including a gain on sale of discontinued operations of
$2.2 million or $0.17 per share as a result of the sale of the
Laars(R) Heating Systems business on June 30, 2005 to Bradford White
Corporation (BWC). EBITDA from continuing operations increased 20.2
percent to $35.3 million for Fiscal Year 2005, compared to $29.4
million for the same period in 2004.
   "We achieved record sales and earnings for Fiscal Year 2005," said
Water Pik Technologies' Chief Executive Officer Michael P. Hoopis. "We
are extremely pleased with the success of our efforts over the past
two years to leverage our sales growth into higher profitability."

   Additional Financial Information

   We operate on a 52- or 53-week period ending on the last Sunday
nearest September 30. Each fiscal year consists of four 13-week
quarters, with an extra week added to the fourth quarter every five or
six years. There were 13 weeks in the quarter ended September 30, 2005
compared to 14 weeks in the same period of 2004 and 52 weeks in the
twelve months ended September 30, 2005 compared to 53 weeks in the
same period of 2004. The comparability of sales in the three months
and twelve months ended September 30, 2005 were unfavorably impacted
by the extra week of sales in the same periods of 2004.
   Operating expenses for fourth quarter 2005 included $0.6 million
or $0.03 per share net of tax of corporate administrative costs
related to our strategic alternatives review and $0.6 million or $0.03
per share net of tax for implementation of Section 404 of the
Sarbanes-Oxley Act. Operating expenses for Fiscal Year 2005 included
$1.0 million or $0.05 per share net of tax of corporate administrative
costs related to our strategic alternatives review and $1.4 million or
$0.07 per share net of tax for implementation of Section 404 of the
Sarbanes-Oxley Act. Additionally, operating expenses for Fiscal Year
2004 included $0.5 million or $0.03 per share net of tax of corporate
administrative costs for proxy solicitation, settlement and related
expenses in connection with our May 2004 annual meeting of
stockholders.
   Capital expenditures from continuing operations for the three
months and twelve months ended September 30, 2005 were $1.1 million
and $3.7 million, respectively, compared to $2.0 million and $6.2
million, respectively, for the same period last year. Depreciation and
amortization from continuing operations for the three months and
twelve months ended September 30, 2005 were $2.1 million and $8.6
million, respectively, compared to $2.5 million and $9.5 million,
respectively, for the same period in 2004.
   Income tax provision was $9.9 million or 38.9 percent of income
from continuing operations before income taxes for Fiscal Year 2005 as
compared to $6.8 million or 37.0 percent of income from continuing
operations before income taxes for the same period in 2004. The higher
tax rate for Fiscal Year 2005 reflects a mix shift to higher state and
other tax jurisdictions combined with the December 2003 impact of
favorable adjustments to estimates based upon the completion of prior
year tax returns.

   Business Segment Performance
-0-
*T
                    Three Months Ended       Twelve Months Ended
(Amounts in           September 30,             September 30,
 thousands)                              %                         %
(Unaudited)           2005     2004     Chg.   2005      2004     Chg.
----------------------------------------------------------------------
Results from
 continuing
 operations

POOL PRODUCTS:
  Sales              $60,785  $47,823  27.1% $210,603  $182,808  15.2%

     Gross profit    $16,649  $12,404  34.2%  $56,493   $45,531  24.1%
     Operating
      income          $6,637   $4,155  59.7%  $21,455   $14,770  45.3%
     EBITDA           $7,510   $5,204  44.3%  $24,883   $18,321  35.8%

     Gross profit
      as a percent
      of sales          27.4%    25.9%           26.8%     24.9%
     Operating
      income as a
      percent of
      sales             10.9%     8.7%           10.2%      8.1%
     EBITDA as a
      percent of
      sales             12.4%    10.9%           11.8%     10.0%
*T
   For the three months ended September 30, 2005, Pool Products:

   --  Sales increased $13.0 million or 27.1 percent to $60.8 million
        for fourth quarter 2005 compared to the same period of 2004
        due primarily to higher unit volume and higher product pricing
        across most product categories partially offset by the extra
        week of sales in 2004. Sales volume increased due to generally
        favorable market conditions for the pool industry, higher
        demand for products acquired in 2003 and 2004 and the success
        of our pool builder conversion program. Sales included $3.3
        million of water-heating products manufactured and sold to BWC
        to complete a transition services agreement to facilitate the
        sale of our previously-owned Laars(R) Heating Systems
        business.

   --  Gross profit increased $4.2 million or 34.2 percent to $16.6
        million or 27.4 percent of sales for fourth quarter 2005 due
        primarily to higher sales volume. Gross profit as a percent of
        sales increased due to the benefit of leveraging fixed
        manufacturing costs over a larger base of sales including
        higher margin electronic controls and automatic salt chlorine
        generators, lower margin heat pumps, pumps and filters,
        partially offset by the impact of the water-heating products
        sold to BWC, which were priced at our fully-burdened cost to
        produce.

   --  EBITDA from continuing operations increased $2.3 million to
        $7.5 million or 12.4 percent of sales for fourth quarter 2005
        compared to $5.2 million or 10.9 percent of sales for the same
        period in 2004 due to higher sales and gross profit partially
        offset by the aforementioned higher corporate administrative
        expenses.

   For the twelve months ended September 30, 2005, Pool Products:

   --  Sales increased $27.8 million or 15.2 percent to $210.6
        million for Fiscal Year 2005 compared to $182.8 million for
        the same period of 2004 due primarily to generally favorable
        market conditions for the pool industry, higher unit volume
        and increased demand for products acquired in 2003 and 2004
        due to the success of our pool builder conversion program,
        higher product pricing and $3.3 million of water-heating
        products manufactured and sold to BWC, partially offset by the
        extra week of sales in 2004.

   --  Gross profit increased $11.0 million or 24.1 percent to $56.5
        million or 26.8 percent of sales for Fiscal Year 2005 due
        primarily to higher sales volume and higher product pricing,
        which offset the impact of higher costs of purchased
        commodities. Gross profit as a percent of sales increased due
        to higher product pricing and the benefit of leveraging fixed
        manufacturing costs over a larger base of sales.

   --  EBITDA from continuing operations increased $6.6 million to
        $24.9 million or 11.8 percent of sales for Fiscal Year 2005
        compared to $18.3 million or 10.0 percent of sales for the
        same period in 2004 due to higher sales and gross profit
        partially offset by the aforementioned higher corporate
        administrative expenses.

-0-
*T
                Three Months Ended         Twelve Months Ended
(Amounts in       September 30,               September 30,
 thousands)
(Unaudited)       2005     2004    % Chg.    2005      2004    % Chg.
----------------------------------------------------------------------
Results from
 continuing
 operations

PERSONAL HEALTH
 CARE:
  Oral health
   products      $13,104  $15,012  (12.7)%  $51,247   $52,650   (2.7)%
  Shower
   products       14,861   16,170   (8.1)%   53,348    62,835  (15.1)%
  Other
   products        1,198    2,106  (43.1)%    6,073     8,285  (26.7)%
                --------- --------         --------- ---------
     Total
      sales      $29,163  $33,288  (12.4)% $110,668  $123,770  (10.6)%

     Gross
      profit      $9,900  $12,037  (17.8)%  $41,257   $45,961  (10.2)%
     Operating
      income      $2,183   $2,213   (1.4)%   $4,768    $5,107   (6.6)%
     EBITDA       $3,459   $3,702   (6.6)%  $10,465   $11,077   (5.5)%

     Gross
      profit as
      a percent
      of sales      33.9%    36.2%             37.3%     37.1%
     Operating
      income as
      a percent
      of sales       7.5%     6.6%              4.3%      4.1%
     EBITDA as
      a percent
      of sales      11.9%    11.1%              9.5%      8.9%
*T
   For the three months ended September 30, 2005, Personal Health
Care:

   --  Sales decreased $4.1 million or 12.4 percent to $29.2 million
        for the fourth quarter 2005 compared to the same period in
        2004. Sales of Oral health products decreased $1.9 million or
        12.7 percent to $13.1 million compared to $15.0 million for
        the same period of 2004 due primarily to the extra week of
        sales in 2004, lower promotional sales of professional
        products and lower sales to international markets. Sales of
        Shower products decreased $1.3 million or 8.1 percent to $14.9
        million compared to $16.2 million for the same period in 2004
        due primarily to the extra week of sales in 2004, lower unit
        volume driven by less promotional activity and competitive
        pressures on mature Shower products which were partially
        offset by sales of new products including the Dual Massage(TM)
        showerhead launched in September 2004 and initial sales of the
        AquaScape(R) drenching showerhead launched in September 2005.
        Sales for the Other products category decreased $0.9 million
        to $1.2 million compared to $2.1 million for the same period
        in 2004 due to lower water filtration product sales.

   --  Gross profit decreased $2.1 million or 17.8 percent to $9.9
        million or 33.9 percent of sales for the fourth quarter 2005
        compared to $12.0 million or 36.2 percent of sales for the
        same period in 2004 due to lower sales volume, lower product
        pricing and the impact of absorbing fixed manufacturing costs
        within a smaller base of sales partially offset by the impact
        of a fourth quarter 2004 inventory reserve for slow-moving
        personal stress relief products.

   --  EBITDA from continuing operations decreased $0.2 million to
        $3.5 million or 11.9 percent of sales for fourth quarter 2005
        compared to $3.7 million or 11.1 percent of sales for the same
        period in 2004 due to lower sales and gross profit combined
        with the aforementioned higher corporate administrative
        expenses which were offset by reduced operating expenses.

   For the twelve months ended September 30, 2005, Personal Health
Care:

   --  Sales decreased $13.1 million or 10.6 percent to $110.7
        million for Fiscal Year 2005 compared to $123.8 million for
        the same period in 2004. Sales of Oral health products
        decreased $1.4 million or 2.7 percent to $51.2 million
        compared to $52.7 million for the same period in 2004 due
        primarily to the extra week of sales in 2004, lower sales in
        the competitive powered flosser product category and lower
        promotional sales of professional products, partially offset
        by higher unit sales of Waterpik(R) dental water jet (oral
        irrigator) products driven primarily by the cordless
        rechargeable model. Sales of Shower products decreased $9.5
        million or 15.1 percent to $53.3 million compared to $62.8
        million for the same period in 2004 due primarily to continued
        competitive pressures on mature products, the amount and
        timing of retail promotions and the extra week of sales in
        2004, partially offset by sales of the new Dual Massage(TM)
        and AquaScape(R) showerheads. Sales for the Other products
        category decreased $2.2 million or 26.7 percent to $6.1
        million compared to $8.3 million for the same period in 2004
        due primarily to lower water filtration product sales.

   --  Gross profit decreased $4.7 million to $41.3 million or 37.3
        percent of sales for Fiscal Year 2005 compared to $46.0
        million or 37.1 percent of sales for the same period in 2004
        due primarily to lower sales, partially offset by the 2004
        impact of inventory reserves for slow-moving personal stress
        relief products. Gross profit as a percent of sales increased
        slightly due primarily to a favorable sales mix of
        higher-margin Oral health products and the aforementioned
        impact of inventory reserves, partially offset by lower sales
        volume and the impact of absorbing fixed manufacturing costs
        within a smaller base of sales.

   --  EBITDA from continuing operations decreased $0.6 million to
        $10.5 million or 9.5 percent of sales for Fiscal Year 2005
        compared to $11.1 million or 8.9 percent of sales for the same
        period in 2004 due to lower sales and gross profit combined
        with the aforementioned higher corporate administrative
        expenses which were offset by reduced operating expenses.

   Outlook

   Our earnings outlook for Fiscal Year 2006 is targeted in the range
of $1.40 to $1.50 per diluted share compared to $1.23 per diluted
share from continuing operations for Fiscal Year 2005. Sales growth
for Fiscal Year 2006 is targeted in the range of 3 to 5 percent.
   Sales growth for the Pool Products segment is targeted in a range
of 3 to 5 percent for Fiscal Year 2006 driven by 6 to 8 percent growth
of the Jandy(R) pool product lines offset by lower sales of Olympic
pool accessories and the impact of $3.3 million in one-time sales to
BWC in Fiscal Year 2005. Looking forward to 2006 and beyond, sales
growth will be measured against the anniversary of both acquisitions
and certain major pool builder conversions.
   Sales growth for the Personal Health Care segment is targeted in a
range of 3 to 5 percent for Fiscal Year 2006 driven by expanded
showerhead offerings including the AquaScape(R) drenching showerhead
and a new Waterpik(R) dental water jet expected to be launched in the
second half of Fiscal Year 2006.

   Investor Conference Call and Web Cast

   A conference call to discuss operating results for the three
months and twelve months ended September 30, 2005 will be held with
Mike Hoopis, Water Pik Technologies' President and CEO, and Vic
Streufert, the Company's Vice President, Finance and CFO, at 11:00 am
Pacific Standard Time (2:00 pm EST), Friday, November 4, 2005. To
access the live web cast or an archived replay, please go to
www.waterpik.com or www.vcall.com.
   Investors interested in listening to the conference call should
dial 888-709-9420 at least five minutes before the scheduled
conference call start time. The access code for this conference call
is: PIK. Approximately two hours after the end of the call, investors
may access a replay of the call by dialing 800-337-4118. The replay
will be available through 11:00 pm Pacific Standard Time on Tuesday,
November 8th.

   Forward-looking Statements

   In this press release, the statements from Mr. Hoopis are
forward-looking statements. Any other statements contained in this
press release, which are not historical fact, may be considered
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Actual results could differ
materially from these forward-looking statements as a result of the
risk factors described in our filings with the Securities and Exchange
Commission, including, among others, our ability to develop new
products and execute our growth strategy, the uncertainty of new
product testing and regulatory approvals, the uncertainty that our
marketing efforts will achieve the desired results with respect to
existing or new products, our dependence on key customers, the
seasonal nature of our businesses, the impact of consumer confidence
and consumer spending, the effect of product liability claims, the
impact of rising commodity costs such as steel, copper, titanium,
resin and oil, risks associated with using foreign suppliers including
increased transportation costs, potential supply chain disruption and
foreign currency exchange rate fluctuations, failure to protect our
intellectual properties and our ability to integrate acquisitions and
realize expected synergies. With respect to our strategic alternatives
announcement on January 4, 2005, we are continuing our review and no
assurance can be given that any strategic alternative involving a
transaction, other than the sale of the Heating Systems business, will
be pursued or, if a transaction is pursued, that it will be
consummated. In addition, the impact, if any, that engaging in a
strategic alternatives review process will have on the financial
performance or operations of the Company is uncertain. The reader is
cautioned not to rely on any forward-looking statements, as actual
results may differ materially from those reflected in the
forward-looking statements. We do not have any intention or obligation
to update forward-looking statements, even if new information, future
events or other circumstances make them incorrect or misleading.

   Water Pik Technologies, Inc. is a leading developer, manufacturer
and marketer of innovative personal healthcare products and pool and
spa products sold under the Water Pik(R) and Jandy(R) brand names. The
Company has developed and introduced many products that are considered
the first of their kind and have led to the formation of new markets,
including the automatic toothbrush, end-of-faucet water filtration
system, pool heater and pulsating shower massage. The Company's
products are sold through a variety of channels, including home
centers, mass-merchandisers, drug store chains and specialty
retailers, wholesalers and contractors. Headquartered in Newport
Beach, California, the Company operates eight major facilities in the
United States and Canada. For more information, visit the Water Pik
Technologies, Inc. web site at www.waterpik.com.

   Reconciliation of Non-GAAP Financial Measures and Regulation G
Disclosure

   EBITDA represents earnings from operations before deductions for
interest expense and interest income, income taxes, depreciation and
amortization. We evaluate our operating results based on several
factors, including EBITDA. We believe that EBITDA is useful as a means
to evaluate our ability to service existing debt, to sustain potential
future increases in debt, to satisfy capital requirements and as a
measure used by lenders under our bank credit facility. EBITDA is also
used by management as a measure of evaluating the performance of our
two operating segments. We utilize EBITDA in our operating decision
making, including the allocation of capital resources and strategic
planning. We believe EBITDA is valuable to investors as a supplemental
measure of comparative operating performance before capital structure
costs such as depreciation, amortization and interest. We believe
providing this supplemental information enhances the investors'
analysis of overall operating performance. Additionally, EBITDA is
regularly used as supplemental information in the determination of
enterprise value. However, our use of EBITDA is not intended to
represent cash flows for the period. We do not regard EBITDA as
preferable to any measure of operating performance required by
accounting principles generally accepted in the United States
("GAAP"), such as operating income, net income, or cash flows provided
by operating activities. Accordingly, EBITDA should be considered in
addition to, and not as a substitute for, any measures of financial
performance prepared in accordance with GAAP. EBITDA, as used by us,
is not necessarily comparable with similarly titled measures of other
companies because all companies do not calculate EBITDA in the same
fashion.

   The following tables represent consolidated statements of
operations, consolidated and segment reconciliation of net income to
EBITDA from continuing operations and condensed consolidated balance
sheets.
-0-
*T
                     WATER PIK TECHNOLOGIES, INC.
                 CONSOLIDATED STATEMENTS OF OPERATIONS
           (Amounts in thousands, except per share amounts)
                              (Unaudited)

                                Three Months Ended Twelve Months Ended
                                  September 30,       September 30,
                                  2005     2004      2005      2004
=============================== ========= ======== ========= =========

Sales                            $89,948  $81,111  $321,271  $306,578
Gross profit                      26,549   24,441    97,750    91,492
 Selling expenses                  8,970   10,167    39,734    42,301
 General and administrative
  expenses                         7,096    6,529    26,132    23,411
 Research and development
  expenses                         1,663    1,377     5,661     5,903
                                --------- -------- --------- ---------
Operating income                   8,820    6,368    26,223    19,877
 Interest expense                    240      330     1,549     1,682
 Other income                       (307)     (28)     (852)     (254)
                                --------- -------- --------- ---------
Income from continuing
 operations before income taxes    8,887    6,066    25,526    18,449
 Income tax provision              3,325    2,340     9,930     6,826
                                --------- -------- --------- ---------
Income from continuing
 operations                        5,562    3,726    15,596    11,623

Discontinued operations:
 Income from operations of
  discontinued business                -    1,305     2,540     2,787
 Income tax provision                 98      474       963       977
 Gain from sale of discontinued
  operations, net of tax of
  $1,238                               -        -     2,198         -
                                --------- -------- --------- ---------
 Income (loss) on discontinued
  operations                         (98)     831     3,775     1,810
                                --------- -------- --------- ---------
Net income                        $5,464   $4,557   $19,371   $13,433
                                ========= ======== ========= =========

Diluted net income (loss) per
 common share(a)
 Continuing operations             $0.44    $0.30     $1.23     $0.92
 Discontinued operations           (0.01)    0.07      0.30      0.14
                                --------- -------- --------- ---------
 Net income                        $0.43    $0.36     $1.52     $1.07

Weighted average common shares
 outstanding - diluted            12,789   12,537    12,714    12,572

(a) Diluted net income (loss) per common share may not add due to
    rounding.



                     WATER PIK TECHNOLOGIES, INC.
       CONSOLIDATED AND SEGMENT RECONCILIATION OF NET INCOME TO
                   EBITDA FROM CONTINUING OPERATIONS
                        (Amounts in thousands)
                              (Unaudited)

                           First    Second   Third    Fourth    Year
                          Quarter  Quarter  Quarter  Quarter   Ended
                          Dec. 31, Mar. 31, Jun. 30, Sep. 30, Sep. 30,
                            2004     2005     2005     2005     2005
========================= ======== ======== ======== ======== ========

WATER PIK TECHNOLOGIES,
 INC.
Net income                 $5,975     $142   $7,790   $5,464  $19,371
 Income (loss) on
  discontinued operations   1,186      205    2,482      (98)   3,775
                          -------- -------- -------- -------- --------
Income (loss) from
 continuing operations     $4,789     $(63)  $5,308   $5,562  $15,596
 Interest expense
  (income), net               341      525      394      (50)   1,210
 Depreciation and
  amortization              2,193    2,171    2,116    2,132    8,612
 Income tax expense
  (benefit)                 3,152      (42)   3,495    3,325    9,930
                          -------- -------- -------- -------- --------
EBITDA from continuing
 operations               $10,475   $2,591  $11,313  $10,969  $35,348
                          ======== ======== ======== ======== ========

POOL PRODUCTS
Net income (loss)          $4,209    $(974)  $8,944   $4,224  $16,403
 Income (loss) on
  discontinued operations   1,186      (25)   2,482      (97)   3,546
                          -------- -------- -------- -------- --------
Income (loss) from
 continuing operations     $3,023    $(949)  $6,462   $4,321  $12,857
 Interest expense
  (income), net               207      441      272     (165)     755
 Depreciation and
  amortization                761      786      750      802    3,099
 Income tax expense
  (benefit)                 1,990     (625)   4,255    2,552    8,172
                          -------- -------- -------- -------- --------
EBITDA from continuing
 operations                $5,981    $(347) $11,739   $7,510  $24,883
                          ======== ======== ======== ======== ========

PERSONAL HEALTH CARE
Net income (loss)          $1,766   $1,116  $(1,154)  $1,240   $2,968
 Income (loss) on
  discontinued operations       -      230        -       (1)     229
                          -------- -------- -------- -------- --------
Income (loss) from
 continuing operations     $1,766     $886  $(1,154)  $1,241   $2,739
 Interest expense, net        134       84      122      115      455
 Depreciation and
  amortization              1,432    1,385    1,366    1,330    5,513
 Income tax expense
  (benefit)                 1,162      583     (760)     773    1,758
                          -------- -------- -------- -------- --------
EBITDA from continuing
 operations                $4,494   $2,938    $(426)  $3,459  $10,465
                          ======== ======== ======== ======== ========



                     WATER PIK TECHNOLOGIES, INC.
       CONSOLIDATED AND SEGMENT RECONCILIATION OF NET INCOME TO
                   EBITDA FROM CONTINUING OPERATIONS
                        (Amounts in thousands)
                              (Unaudited)

                           First    Second   Third    Fourth    Year
                          Quarter  Quarter  Quarter  Quarter   Ended
                          Dec. 31, Mar. 31, Jun. 30, Sep. 30, Sep. 30,
                            2003     2004     2004     2004     2004
========================= ======== ======== ======== ======== ========

WATER PIK TECHNOLOGIES,
 INC.
Net income (loss)          $5,939    $(849)  $3,786   $4,557  $13,433
 Income (loss) on
  discontinued operations   1,226     (157)     (90)     831    1,810
                          -------- -------- -------- -------- --------
Income (loss) from
 continuing operations     $4,713    $(692)  $3,876   $3,726  $11,623
 Interest expense, net        380      486      242      298    1,406
 Depreciation and
  amortization              2,460    2,308    2,233    2,542    9,543
 Income tax expense
  (benefit)                 2,493     (433)   2,426    2,340    6,826
                          -------- -------- -------- -------- --------
EBITDA from continuing
 operations               $10,046   $1,669   $8,777   $8,906  $29,398
                          ======== ======== ======== ======== ========

POOL PRODUCTS
Net income (loss)          $4,660  $(1,790)  $4,326   $3,241  $10,437
 Income (loss) on
  discontinued operations   1,256     (157)     (95)     784    1,788
                          -------- -------- -------- -------- --------
Income (loss) from
 continuing operations     $3,404  $(1,633)  $4,421   $2,457   $8,649
 Interest expense, net        214      382      277      164    1,037
 Depreciation and
  amortization                877      810      819    1,049    3,555
 Income tax expense
  (benefit)                 1,801   (1,022)   2,767    1,534    5,080
                          -------- -------- -------- -------- --------
EBITDA from continuing
 operations                $6,296  $(1,463)  $8,284   $5,204  $18,321
                          ======== ======== ======== ======== ========

PERSONAL HEALTH CARE
Net income (loss)          $1,279     $941    $(540)  $1,316   $2,996
 Income (loss) on
  discontinued operations     (30)       -        5       47       22
                          -------- -------- -------- -------- --------
Income (loss) from
 continuing operations     $1,309     $941    $(545)  $1,269   $2,974
 Interest expense
  (income), net               166      104      (35)     134      369
 Depreciation and
  amortization              1,583    1,498    1,414    1,493    5,988
 Income tax expense
  (benefit)                   692      589     (341)     806    1,746
                          -------- -------- -------- -------- --------
EBITDA from continuing
 operations                $3,750   $3,132     $493   $3,702  $11,077
                          ======== ======== ======== ======== ========



                     WATER PIK TECHNOLOGIES, INC.
               CONDENSED CONSOLIDATED BALANCE SHEETS (1)
                        (Amounts in thousands)

                                           September 30, September 30,
                                               2005          2004
========================================== ============= =============
                                            (Unaudited)
ASSETS
   Cash and cash equivalents                    $40,591       $11,036
   Accounts receivable, net                      59,253        51,682
   Inventories                                   36,753        38,497
   Deferred income taxes                          7,151         8,736
   Prepaid expenses and other current
    assets                                        2,886         2,580
   Assets of discontinued operations                  -        25,646
                                           ------------- -------------
   Total current assets                         146,634       138,177
   Property, plant and equipment, net            35,366        40,333
   Goodwill, net                                 29,205        28,572
   Deferred income taxes                             26           225
   Other assets                                   5,058         3,893
                                           ------------- -------------
TOTAL ASSETS                                   $216,289      $211,200
                                           ============= =============

LIABILITIES AND STOCKHOLDERS' EQUITY
   Accounts payable                             $27,636       $24,027
   Accrued income taxes                           1,636            27
   Accrued liabilities                           35,505        30,443
   Current portion of long-term debt                 15         3,838
   Liabilities of discontinued
    operations                                        -         4,883
                                           ------------- -------------
      Total current liabilities                  64,792        63,218
   Long-term debt, less current portion              37        20,839
   Other accrued liabilities                      5,866         4,603
                                           ------------- -------------
TOTAL LIABILITIES                                70,695        88,660
                                           ------------- -------------
TOTAL STOCKHOLDERS' EQUITY                      145,594       122,540
                                           ------------- -------------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY       $216,289      $211,200
                                           ============= =============

(1) The audited balance sheet as of September 30, 2004 includes assets
    and liabilities related to the discontinued Heating Systems
    business that was sold as of June 30, 2005.
*T