/C O R R E C T I O N -- Tecumseh Products Company /

Share Name	Share Symbol	Market	Type
(MM)	NASDAQ:TECUB	NASDAQ	Common Stock

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(MM)

NASDAQ:TECUB

NASDAQ

Common Stock

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/C O R R E C T I O N -- Tecumseh Products Company /

09/08/2007 7:24pm

PR Newswire (US)

(MM) (NASDAQ:TECUB)
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From Jun 2019 to Jun 2024

In the news release, Tecumseh Products Company (Nasdaq: TECUA; TECUB) Reports Second Quarter 2007 Results, issued earlier today by Tecumseh Products Company over PR Newswire, we are advised by the company that due to a typographical error, the Company had listed the results of income (loss) per share for the three months ended June 30, 2006 as ($1.83); the correct results were net income per share of $1.83. The corrected table follows. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended Six Months Ended (Dollars in millions except June 30, June 30, per share amounts) 2007 2006 2007 2006 Net sales $350.7 $349.4 $707.9 $686.4 Cost of sales 323.3 333.7 651.9 649.4 Selling and administrative expenses 34.7 34.3 70.4 71.2 Impairments, restructuring charges and other items 0.9 2.7 (0.5) 3.2 Operating loss (8.2) (21.3) (14.0) (37.4) Interest expense (10.3) (7.0) (18.9) (11.1) Interest income and other, net 1.8 3.1 3.7 8.3 Loss from continuing operations before taxes (16.7) (25.2) (29.2) (40.2) Tax benefit (2.2) (6.9) (3.2) (9.6) Loss from continuing operations (14.5) (18.3) (26.0) (30.6) Income (loss) from discontinued operations, net of tax (73.7) 52.2 (79.0) 51.9 Net income (loss) ($88.2) $33.9 ($105.0) $21.3 Basic and diluted income (loss) per share: Continuing operations ($0.78) ($0.99) ($1.40) ($1.66) Discontinued operations (3.99) $2.82 ($4.28) $2.81 Net income (loss) per share ($4.77) $1.83 ($5.68) $1.15 Weighted average shares (in thousands of shares) 18,480 18,480 18,480 18,480 Tecumseh Products Company will host a conference call to report on the second quarter 2007 results on Thursday, August 9, 2007 at 3:00 p.m. ET. The call will be broadcast live over the Internet and then available for replay through the Investor Relations section of Tecumseh Products Company's website at http://www.tecumseh.com/. Press releases and other investor information can be accessed via the Investor Relations section of Tecumseh Products Company's Internet web site at http://www.tecumseh.com/. Contact: Teresa Hess Director, Investor Relations Tecumseh Products Company 517-423-8455 DATASOURCE: Tecumseh Products Company

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TECUB (MM)