Furmanite 8-K Furmanite Corporation Reports Substantial Growth In 2007

		FURMANITE CORPORATION
	CONSOLIDATED STATEMENTS OF OPERATIONS
	(In thousands, except per share data)
		(Unaudited)
		Three Months						Twelve Months
		Ended December 31,						Ended December 31,
		2007			2006			2007			2006
Revenues		$	72,929		$	66,790		$	290,287		$	246,388
Costs and expenses:
Operating costs			45,060			44,635			187,055			160,755
Depreciation and amortization			1,510			1,031			4,772			3,692
Selling, general and administrative			20,497			19,725			77,813			79,120
Write-off of goodwill			—			654			—			654
Provision for lease termination costs			-			267			-			267
Total costs and
expenses			67,067			66,312			269,640			244,488
Operating income			5,862			478			20,647			1,900
Interest and other income, net			417			211			1,041			866
Interest expense			(615	)		(826	)		(3,274	)		(2,807	)
Income before income taxes			5,664			(137	)		18,414			(41	)
Income tax expense			(2,256	)		(707	)		(5,919	)		(3,391	)
Net income (loss)		$	3,408		$	(844	)	$	12,495		$	(3,432	)
Earnings (loss) per common share — Basic		$	0.09		$	(0.02	)	$	0.35		$	(0.10	)
Earnings (loss) per common share — Diluted		$	0.09		$	(0.02	)	$	0.35		$	(0.10	)