LADD Furniture, Inc.
PROFORMA ADJUSTED EARNINGS SCHEDULE
OCTOBER 16, 1997 (UNAUDITED)
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REPORTED DAYSTROM & PRO FORMA
IN THOUSANDS 3RD QTR UNUSUAL 3RD QTR 3RD QTR
1996 ADJ. 1996 1997
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Net Sales $120,447 120,447 129,935
Daystrom Net Sales -- 257 (257) --
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Adjusted Net Sales 120,447 120,190 129,935
Earnings Before Interest & Taxes 6,461 6,461 5,549
Daystrom Operating Loss -- (297) 297 --
Restructuring Credit -- 892 (892) --
Insurance Proceeds -- 1,650 (1,650) --
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Adjusted EBIT 6,461 4,216 5,549
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Adjusted EBIT to Net Sales 5.36% 3.51% 4.27%
Interest Expense 3,182 3,182 2,701
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Profit Before Taxes $ 3,279 1,034 2,848
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Weighted average number of
common shares outstanding 7,721 7,721 7,758