Exhibit 7(b)(.2)
VERNITRON CORPORATION
PRO FORMA CONDENSED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1995
(UNAUDITED - DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
HISTORICAL HISTORICAL PRO FORMA
VERNITRON PRECISION VERNITRON
CORPORATION AEROTECH, INC. ADJUSTMENTS CORPORATION
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Net sales $65,213 $43,488 ($429)(i) $108,272
Cost of sales 47,973 31,958 (429)(i) 79,517
15 (m)
Selling, general and administrative expenses 13,336 7,770 (519)(k) 20,587
Amortization of intangible assets 209 87 (l) 296
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Operating income 3,695 3,760 7,872
Interest expense 1,994 1,620 877 (j) 4,491
Other (income) expense 252 (38) 214
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Income from continuing operations before taxes 1,449 2,178 3,167
Income taxes 565 849 (174)(n) 1,241
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Income from continuing operations 884 1,329 1,926
Preferred Dividends 574 574
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Income Applicable to Common Shareholders $ 310 $ 1,329 $ 1,352
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Income per Common Share:
Primary $ 0.02 $ 0.11
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Fully Diluted n/a $ 0.10
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Weighted Average Number of Common Shares
Outstanding (in thousands):
Primary 12,555 12,555
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Fully Diluted n/a 13,273
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