LIMCO-PIEDMONT INC (LIMC) [Rocket]

In millions, except per share items	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
	10-K	10-K	10-K	10-K	S-1/A	S-1/A
Revenues:
North America	49.4	48.6
United States			43.0	20.2
Europe	14.0	14.9	12.4	7.4
Other	4.8	3.8
Other	3.3	2.4	3.6	4.1
Total revenues	71.6	69.8	59.0	31.7	14.1
Revenue growth [+]	2.6%	18.2%	86.4%	124.4%
North America	1.7%
United States			113.6%
Europe	-6.1%	20.1%	66.8%
Other	26.5%
Israel and Other			-46.6%
Cost of goods sold	57.6	51.8	45.0	24.3	10.5
Gross profit	14.0	18.0	14.0	7.4	3.6
Gross margin	19.5%	25.8%	23.7%	23.3%	25.4%
Selling, general and administrative [+]	9.9	9.6	6.2	3.9	2.2
Sales and marketing	2.8	2.6	2.3	1.4	0.7
General and administrative	7.1	7.0	3.9	2.6	1.4
Other operating expenses	0.3	0.5	0.5	0.2
EBITDA [+]	4.9	9.0	8.3	3.9	125.0
EBITDA growth	-45.2%	8.2%	112.3%	-96.9%
EBITDA margin	6.9%	12.9%	14.1%	12.4%	886.4%
Depreciation	0.8	0.7	0.5	0.5	123.6
EBITA	4.1	8.4	7.8	3.5	1.4
EBITA margin	5.7%	12.0%	13.2%	10.9%	10.0%
Amortization of intangibles	0.3	0.5	0.5	0.2
EBIT [+]	3.8	7.9	7.3	3.2	1.4
EBIT growth	-52.2%	7.9%	127.2%	129.2%
EBIT margin	5.3%	11.3%	12.4%	10.2%	10.0%
Interest income, net [+]	1.3	0.2	-0.5	-0.2	0.1
Interest expense		0.7	0.6	0.4
Interest income	1.3	0.9	0.2	0.1	0.1
Other income (expense), net	-0.4
Pre-tax income	4.6	8.1	6.9	3.0	1.5
Income taxes	1.9	2.9	2.5	1.1	0.6
Tax rate	41.5%	35.6%	36.8%	35.7%	36.4%
Net income	2.7	5.2	4.3	1.9	1.0
Net margin	3.8%	7.4%	7.3%	6.1%	6.9%

Basic EPS [+]	$0.21	$0.48	$0.48	$0.22	$0.11
Growth	-56.7%	-1.2%	123.5%	99.4%
Diluted EPS [+]	$0.21	$0.47	$0.48	$0.22	$0.11
Growth	-56.6%	-1.5%	123.5%	99.4%

Shares outstanding (basic) [+]	13.2	10.9	9.0	9.0	9.0
Growth	20.8%	21.5%	0.0%	0.0%
Shares outstanding (diluted) [+]	13.2	11.0	9.0	9.0	9.0
Growth	20.5%	21.8%	0.0%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.