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Riordan Manufacturing Inc - Income Statement

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Riordan Manufacturing, Inc.

Income Statement

For the 12 months ending September 30, 2005

2005

2004

Sales $50,823,685 $46,044,288

Direct Cost of Goods Sold $42,037,624 $37,480,050

Gross Margin $8,786,061 $8,564,238

Operating Expenses

Sales, Marketing & Other $1,012,974 $920,886

Depreciation $343,445 $349,937

Quality Assurance $1,139,688 $1,095,854

Research & Development $911,676 $828,797

General & Administrative $1,706,953 $1,524,066

Machining & Systems $628,505 $598,576

Total Operating Expenses $5,743,241 $5,318,115

Profit Before Interest & Taxes $3,042,820 $3,246,122

Non-Operating Expenses

Interest Expense $143,175 $230,221

Taxes $943,274 $1,025,406

Total Non-Operating Expenses $1,086,449 $1,255,628

Net Profit After Taxes $1,956,371 $1,990,495

Riordan Manufacturing, Inc.

Income Statement

For the 12 months ending September 30, 2005

2005

2004

Sales $50,823,685 $46,044,288

Direct Cost of Goods Sold $42,037,624 $37,480,050

Gross Margin $8,786,061 $8,564,238

Operating Expenses

Sales, Marketing & Other $1,012,974 $920,886

Depreciation $343,445 $349,937

Quality Assurance $1,139,688 $1,095,854

Research & Development $911,676 $828,797

General & Administrative $1,706,953 $1,524,066

Machining & Systems $628,505 $598,576

Total Operating Expenses $5,743,241 $5,318,115

Profit Before Interest & Taxes $3,042,820 $3,246,122

Non-Operating Expenses

Interest Expense $143,175 $230,221

Taxes $943,274 $1,025,406

Total Non-Operating Expenses $1,086,449 $1,255,628

Net Profit After Taxes $1,956,371 $1,990,495

Riordan Manufacturing, Inc.

Income Statement

For the 12 months ending September 30, 2005

2005

2004

Sales $50,823,685 $46,044,288

Direct Cost of Goods Sold $42,037,624 $37,480,050

Gross Margin $8,786,061 $8,564,238

Operating Expenses

Sales, Marketing & Other $1,012,974 $920,886

Depreciation $343,445 $349,937

Quality

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