##  

## **BMC**

| **BMC Industries, Inc.**One Meridian Crossings, Suite 850  Minneapolis, MN 55423  Web site   www.bmcind.com |
|-----------------------------------------------------------------------------------------------------------------------|

** NEWS RELEASE**
| CONTACT: | CURTIS E. PETERSEN | (NYSE: BMM)           |
|----------|--------------------|-----------------------|
|     | (952) 851-6030     | FOR IMMEDIATE RELEASE |

# **BMC Industries, Inc. ReportsFourth Quarter and Full Year 2001 Results**

February 5, 2002 -- Minneapolis, Minnesota, USA-- BMCIndustries, Inc. (NYSE: BMM) today announced fourth quarter consolidatedrevenues of $64.5 million, down 21% from $81.3 million in fourth quarter2000.  Including $6.2 million innon-recurring restructuring charges and $6.0 million in restructuring relatedcharges, the Company reported a consolidated net loss of $13.0 million, or($0.48) per share, for fourth quarter 2001. The charges relate to a series of restructuring initiatives affectingthe Company's Buckbee-Mears and Optical Products business groups.  Also included in fourth quarter 2001 was anincome tax valuation charge of $4.5 million. These results compare to net earnings of $4.4 million, or $0.16 perdiluted share, in fourth quarter 2000.

Excluding these restructuring and restructuring relatedcharges, the Company's pre-tax consolidated net loss was $1.8 million forfourth quarter 2001.

"The sluggish global economy, particularlycontraction in demand for computer and television products, continued to impactour businesses in the fourth quarter," commented BMC Chairman and ChiefExecutive Officer Paul B. Burke. "In response, we took aggressive action to align our operating coststructure with current market demand through restructuring initiatives designedto drive reductions in product and operating costs at all levels of ouroperations.  These initiatives willbetter position our businesses for long-term profitability and focus ourefforts on strategic growth."

Mr. Burke continued, "We continue to enjoy strongcash flow as reflected in the fourth quarter reduction of total debt by over $9million.  Our intense efforts tocontract working capital and dispose of non-core assets will continuethroughout 2002."

**RestructuringInitiatives**

During the next three months, the Company expects toexecute significant restructuring initiatives in both of its businessgroups.  The Buckbee-Mears group's MaskOperations will exit the computer monitor segment of the aperture mask businessand its Micro-Technology Operations will be completely restructured by sellingor consolidating into its other facilities all operations currently located inSt. Paul, Minnesota.  These actions willresult in staffing reductions at all three of the group's manufacturing sites,including Cortland, New York, Mullheim, Germany and St. Paul.  In addition to staffing reductionsthroughout the organization, the Company's Optical Products group will closeits production facility in Azusa, California in the first half of 2002.

"The Company continues to aggressively pursueimproved longer-term performance," said Mr. Burke.  "Our strategic initiatives in theBuckbee-Mears business will focus that group's energy and resources towards theacceleration of higher-margin advanced television products and thediversification of our core technologies into new product and businessapplications.  While our mask businessemployment base has been reduced substantially, we have increased andreorganized the team members devoted to diversification efforts."

Mr. Burke added, "The closure of our Azusa facilitywill result in a consolidation of the Optical Products group's operations intotwo facilities.  Vision-Ease willtransfer additional polycarbonate lens manufacturing capacity to our Jakarta,Indonesia plant and consolidate its polarized lens manufacturing in our Ramsey,Minnesota facility."

The Company will recognize cash charges of approximately$3.6 million related to workforce reduction initiatives announced prior toyear-end.  These initiatives affectapproximately 675 employees, primarily within the Buckbee-Mears group.  After the Azusa closing and in conjunctionwith headcount reductions occurring prior to fourth quarter 2001, the Company(excluding its Jakarta operations) expects to have reduced headcount byapproximately 1,075 positions, or 42% as compared to the beginning of 2001*.*

In addition to these cash charges, the Company willrecognize non-cash charges for the write-down of certain assets.  These charges primarily include thewrite-off of excess raw material, work-in-process and finished goods associatedwith its discontinued computer monitor mask business; the write-off ofnon-strategic St. Paul manufacturing activities; the discontinuance of certainVision-Ease product development activities; and the write-off of inventory andmolds relating to discontinued or phased-out Vision-Ease productcategories.  These charges totalapproximately $8.6 million.

The Company has recorded approximately $12.2 million ofthe charges in the fourth quarter of 2001 and anticipates additional charges inthe range of $2.5 to $3.0 million relating to the closure of the Azusamanufacturing facility in the first quarter of 2002.

**Full Year 2001Results**For the fiscal year ended December 31, 2001, consolidated revenues were$302.3 million, a decrease of 15% (14% exclusive of foreign currency exchangerate differences) from the $354.5 million reported for fiscal year 2000.    Including $14.5 million in income taxcharges in 2001 and total restructuring related charges mentioned above, theCompany incurred a net loss of $22.6 million, or ($0.83) per share, for fiscalyear 2001 compared to net earnings of $14.9 million, or $0.54 per dilutedshare, for the same period in 2000. Excluding those charges, the Company's pre-tax consolidated net loss forfiscal year 2001 was $1.1 million.

**Buckbee-Mears Group**Fourth quarter 2001 revenues for the Buckbee-Mears group, whichincludes both Mask Operations and Micro-Technology Operations, were $35.8million, a decrease of $16.9 million, or 32% (33% with consistent foreigncurrency exchange rates), from $52.7 million in the fourth quarter of2000.  Of this decrease, $5.1 millionrelated to computer monitor masks, a business segment, as noted above, theCompany intends to exit.  The groupcontinued to experience a contracted market environment for television sets inthe NAFTA region, exacerbated by continued excess inventory in the picture tubesupply chain.  The Company alsoexperienced television mask price reductions.

TheBuckbee-Mears' group incurred an operating loss of $5.4 million including $9.0million of restructuring related charges during fourth quarter 2001, ascompared to operating income of $7.7 million in the fourth quarter of 2000.  Excluding those charges, the group's fourthquarter 2001 operating profit would have been $3.6 million.  This decrease was primarily due to lowersales, lower capacity utilization and the related unabsorbed overhead and laborcosts associated with the temporary shutdown of the Cortland plant in December.

For the fullyear, Buckbee-Mears group sales decreased 20% to $170.9 million in 2001 ascompared to $214.9 million in 2000. Operating earnings for 2001, including $9.0 million in fourth quarterrestructuring related charges, were breakeven for the year as compared to $25.1million in 2000.  Exclusive of thecharges, 2001 group earnings were $9.1 million.

As statedpreviously, the Buckbee-Mears group experienced a decline in demand forentertainment masks, particularly medium and large-sized television masks.  Medium and large size mask sales declined43% year-over-year and were a result of a mix shift in Europe from large tojumbo-sized masks, an overall weak NAFTA market, and a comparison to last yearmade difficult due to a particularly strong fourth quarter 2000 sales of masksexported to China.  Sales of jumbo-sizedmasks (those 30" and larger) increased 14% in the fourth quarter of 2001as compared to the same period in 2000.

During thequarter, the Buckbee-Mears group temporarily shut down aperture mask productionlines at its Cortland, New York manufacturing facility beginning in earlyDecember through the holiday season. The group's German plant continued to manufacture product throughout thequarter as planned.

Micro-Technologysales and earnings for the fourth quarter of 2001 were impacted by the weakeconomy.  As a result of theseconditions and a desire to accelerate business development efforts, the groupis undertaking a complete restructuring of its business including: reductionsin overall headcount; an increase in, and reorganization of, employees devotedto new sales initiatives; improvements in manufacturing efficiencies;rationalization of product offerings; and, consolidation of production into thegroup's facilities in Cortland and Mullheim.

**Optical Products Group**TheOptical Products group reported fourth quarter 2001 revenues of $28.6 million,flat with reported revenues in fourth quarter 2000.  Vision-Ease's fourth quarter revenues were impacted by a noticeabledecline in sales rate that began following the events of September 11, 2001,and continued throughout the remainder of the fourth quarter.

For the fullyear, Optical Products group sales decreased 6% to $131.4 million in 2001 ascompared to $139.6 million in 2000. Operating earnings for 2001, including $3.2 million in totalrestructuring related charges, were $2.1 million for the year as compared to$11.4 million in 2000.  Excluding thecharges, group earnings were $5.3 million in 2001.

Sales of thegroup's high-end, value-added products (including all polycarbonate,progressive and polarizing sun lenses) during fourth quarter 2001 wererelatively flat compared to fourth quarter 2000 and accounted for 63% of totalfourth quarter 2001 revenues as compared to 62% of total fourth quarterrevenues in 2000.  Value-added productsales, excluding SunSport® (our non-ophthalmic polycarbonate product line, whichwas significantly restructured in third quarter 2001) were up 3% during fourthquarter 2001 versus last year's fourth quarter.  Plastic lens sales for fourth quarter 2001 increased 2% from thesame quarter of last year.  Continuederosion in the domestic glass lens segment caused overall glass lens sales todecline 6% in fourth quarter 2001 compared to the prior year.

Vision-Easeexperienced particularly strong sales in several key premium polycarbonateproduct categories.  Sales ofTegra-coated polycarbonate lenses in the fourth quarter were up 58% in 2001over the prior year period.  Fourthquarter sales of photochromic polycarbonate lenses increased 34% over fourthquarter 2000.  Sales of both the group'spolycarbonate Outlook• progressive lens and SunRx® prescription polarizedlenses increased 5% in fourth quarter 2001 as compared to fourth quarter 2000.

The OpticalProducts' group reported a fourth quarter 2001 operating loss of $4.9 million,or a loss of $1.7 million excluding the restructuring related charges mentionedearlier.  This compares to an operatingprofit of $1.0 million in fourth quarter 2000. The group's operating loss in the fourth quarter was due primarily tohigher costs associated with reductions in manufacturing activity, including atemporary two-week shutdown of the Azusa, California facility during Decemberand a 15% reduction in the number of fourth quarter production starts.  This reduction in manufacturing activitydisrupted production yields, negatively impacted overhead and labor absorptionrates and increased overall domestic manufacturing costs.  Offsetting these items was strongperformance from the group's Indonesian facility, which continued to showimprovements in both polycarbonate volume and in lower product costs.

During the fourthquarter, Vision-Ease achieved a significant milestone in its long-term strategywith the issuance of U.S. Patent No. 6,328,446 relating to its proprietarypolarizing and photochromic polycarbonate technology.  This patent covers valuable technological advances in the designand manufacturing of premium polycarbonate sunwear.  The patent adds to the group's growing intellectual propertyportfolio and demonstrates the Company's commitment to leading the industry inthe development of premium polycarbonate products and related filmtechnologies.

InJanuary 2002, the Company announced that its Optical Products group hadcompleted the sale of its Optifacts division to Essilor of America, Inc. ofDallas, Texas.  The Optifacts divisionis a leading optical software vendor that provides lab management software to anumber of retail and wholesale optical laboratories.  Details of the transaction were not disclosed but proceeds of thesale were used to reduce debt.

**Other Items**Total debt at December 31, 2001 was $142.2 million compared to $151.7million at September 30, 2001, or a decrease of $9.5 million.  Capital expenditures during the fourthquarter of 2001 were $1.7 million versus $4.0 million in the same quarter lastyear.  For the full year, total capitalexpenditures were $14.1 million, an increase from the $11.9 million spent in2000.

Business OutlookThefollowing statements are based on current expectations.  These statements are forward-looking, andactual results may differ materially from those projected in this newsrelease.  We caution the reader not toplace undue reliance on these statements and encourage the reader to read theBusiness Outlook section in conjunction with the "Safe Harbor forForward-Looking Statements" that follows this section.

**First Quarter 2002**BMC expects consolidated revenues for first quarter 2002 to be 25-30% lowerthan those reported in the comparable period in 2001, predominantly due tosales reductions at Buckbee-Mears as it exits the computer monitor maskbusiness.  Declines in unit volumes andprice reductions will continue to negatively impact their results.  The Company expects to report a slight lossto breakeven earnings for first quarter 2002, inclusive of a gain on the saleof Vision-Ease's Optifacts business and additional restructuring costsassociated with the Azusa closure.

**Full Year 2002**The Company expectsoverall revenue in 2002 to be down 15-20% versus 2001, primarily as a result ofexiting the computer monitor mask business, exiting segments of ourMicro-Technology business and overall restructuring efforts in both businesses.  These efforts will be focused on exitingunprofitable product lines, consolidating manufacturing activity, reducingworking capital employed, and disposing of non-strategic assets.  We believe these restructuring efforts,which will continue into mid-year, will be a drag on earnings for 2002, butwill set the stage for a return to profitability in 2003.

**Safe Harbor for Forward-LookingStatements**This news release contains various "Forward-LookingStatements" within the meaning of Section 27A of the Securities Act of1933 and Section 21E of the Securities Exchange Act of 1934 that are intendedto be covered by the safe harbors created thereby.  Statements made in this news release that are not statements ofhistorical facts, including statements regarding future performance, are Forward-LookingStatements.  Forward-Looking Statementsmay be identified by the use of words such as "anticipates","estimates", "expects", "forecasts","projects", "intends", "plans","predicts", and similar expressions. Forward-Looking Statements are subject to a number of risks anduncertainties that could cause actual results or outcomes to differ materiallyfrom those projected, including, among others, ability to manage workingcapital and align costs with market conditions; continued imbalance in supplyand demand for computer monitor masks; further aperture mask price declines,particularly for computer monitor masks; slowdown in growth of high-end lensproducts; rising raw material costs; ability to improve operating andmanufacturing efficiencies through consolidation of facilities; ability toqualify new products with customers; consumer demand for direct-viewhigh-definition television and digital receivers; competition with alternativetechnologies and products, including laser surgery for the correction of visualimpairment and LCD, plasma, projection and other types of visual displays;ability to source plastic lens product requirement from third parties; abilityto gain market share of polycarbonate products both domestically and abroad, includinggrowth in European sales through the operation of processing laboratories; newproduct development, introduction and acceptance; cost reduction andreorganization efforts; continued slowdown in growth for Micro-Technologyproducts; ability to restructure the Micro-Technology Operations and diversifyits customer and product base; the effect of regional or global economicslowdowns; the impact of domestic or global terrorism on consumer spendingchoices; adjustments to inventory valuations; liability and other claimsasserted against BMC; negative foreign currency fluctuations; and ability torecruit and retain key personnel. Certain of these and other risks and uncertainties are discussed infurther detail in BMC's Annual Report and Form 10-K for the year ended December31, 2000 and other documents filed with the Securities and Exchange Commission.

BMC Industries, founded in 1907, is comprised of twobusiness segments: Buckbee-Mears and Optical Products.

The Buckbee-Mears group, through its Mask Operations, isthe only independent North American manufacturer of aperture masks.  The Buckbee-Mears group, through itsMicro-Technology Operations, is also a leading producer of a variety ofprecision photo-etched and electroformed components that require fine featuresand tight tolerances.

TheOptical Products group, operating under the Vision-Ease trade name, is aleading designer, manufacturer and distributor of polycarbonate, glass andplastic eyewear lenses.  Vision-Ease isa technology and market share leader in the polycarbonate lens segment of themarket.  Polycarbonate lenses arethinner and lighter than lenses made of other materials, while providinginherent ultraviolet (UV) filtering and impact resistant characteristics.

BMC Industries, Inc. is tradedon the New York Stock Exchange under the ticker symbol "BMM."  For more information about BMC Industries,Inc., visit the Company's Web site at www.bmcind.com.

## Investor Conference CallInformation:Tuesday, February 5, 200210:00 a.m. Central Time (11:00 a.m. Eastern Time)Call-in Number:  800-288-8976 (U.S.) or612-332-0418 (International)Replay Number:  800-475-6701 (U.S.) or320-365-3844 (International)Replay Access Code:  623941The rebroadcast of the conference call will be available starting at 1:30 p.m.Central Time, February 5, 2002 through 11:59 p.m. Central Time, February 10,2002.

Theconference call will also be offered live, through a simulcast offered byCCBN.com and StreetEvents.com.  Toaccess this Webcast, go to the "Investor Relations" portion of theCompany's Web site, www.bmcind.com, clickon "Conference Calls" and then click on the CCBN icon.

 

BMC INDUSTRIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(in thousands, except per share amounts)
|                                                                 | Three Months Ended | Year Ended                 |             |
|----------------------------------------------------------------------|--------------------|----------------------------|------------------|
|                                                                 | December 31        |                       | December 31      |   |
|                                                                 |               | **2001**                   |             |   | 2000 |   |   | **2001** |   |   | 2000 |   |
| Revenues                                                             | **$**              | **64,477**                 |             | $ | 81,318 |   | **$** | **302,296** |   | $ | 354,485 |   |
| Cost of products sold                                                |               | **65,146**                 | **(a)**          |   | 68,232 |   |   | **276,999** | **(a)** |   | 300,795 |   |
| Gross margin                                                         |               | **(669**                   | **)**            |   | 13,086 |   |   | **25,297** |   |   | 53,690 |   |
| Selling                                                              |               | **3,334**                  |             |   | 4,418 |   |   | **16,910** |   |   | 17,163 |   |
| Administrative                                                       |               | **1,240**                  |             |   | 1,331 |   |   | **5,038** |   |   | 5,389 |   |
| Non-recurring charges                                                |               | **6,218**                  | **(a)**          |   | - |   |   | **6,218** | **(a)** |   | - |   |
| Income (loss) from  operations                                       |               | **(11,461**                | **)**            |   | 7,337 |   |   | **(2,869** | **)** |   | 31,138 |   |
| Other income and (expense)                                           |               |                       |             |   |   |   |   |   |   |   |   |   |
| Interest expense                                                     |               | **(2,948**                 | **)**            |   | (3,174 | ) |   | **(11,752** | **)** |   | (13,115 | ) |
| Interest income                                                      |               | **120**                    |             |   | 84 |   |   | **508** |   |   | 282 |   |
| Other income (expense)                                               |               | **358**                    |             |   | 1,567 |   |   | **883** |   |   | 2,838 |   |
| Earnings (loss) before  income taxes                                 |               | **(13,931**                | **)**            |   | 5,814 |   |   | **(13,230** | **)** |   | 21,143 |   |
| Income tax expense  (benefit)                                        |               | **(882**                   | **)**            |   | 1,427 |   |   | **9,370** |   |   | 6,243 |   |
| Net earnings (loss)                                                  | **$**              | **(13,049**                | ** )**      | $ | 4,387 |   | **$** | **(22,600** | **)** | $ | 14,900 |   |
| Net earnings (loss) per  share:  Basic  Diluted                 | **$**              | **(0.48  (0.48**           | **   )  )** | $ | 0.16  0.16 |   | **   $** | **   (0.83  (0.83** | **   )  )** | **$** | 0.54  0.54 |   |
| Number of shares included  in per share computation:  Basic  Diluted |               | **   26,933  26,933** |             |   | 27,400  27,669 |   |   | **   27,205  27,205** |   |   | 27,396  27,623 |   |
| Dividends declared per  share                                        | **$**              | **0.0025**                 |             | $ | 0.0150 |   | ** $** | ** 0.0475** |   | $ | 0.0600 |   |

(a) In addition to $6,218 ofnon-recurring charges, the Company recorded $5,947 in cost of products soldrelated to inventory and production related asset write-offs.  Total restructuring related items were$12,165 for the three months ended December 31, 2001.

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BMC INDUSTRIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)
|                                            |   | (Unaudited)  |   |   |         |   |
|-------------------------------------------------|--------|--------------|--------|--------|--------------|--------|
|                                            |   | December  31 |   |   | December  31 |   |
| ASSETS                                          |        | **2001**     |        |        | 2000         |        |
| Current  assets                                 |   |         |   |   |         |   |
| Cash and cash equivalents                       | **$**  | **1,941**    |   | $      | 2,290        |   |
| Trade accounts receivable,  net                 |   | **35,024**   |   |   | 45,645       |   |
| Inventories                                     |   | **71,634**   |   |   | 82,015       |   |
| Deferred income taxes                           |   | **10,250**   |   |   | 17,954       |   |
| Other current assets                            |   | **4,197**    |   |   | 11,455       |   |
| Total current assets                            |   | **123,046**  |   |   | 159,359      |   |
|                                            |   |         |   |   |         |   |
| Property,  plant and equipment                  |   | **281,916**  |   |   | 276,568      |   |
| Less  accumulated depreciation                  |   | **150,375**  |   |   | 137,069      |   |
| Property, plant and equipment, net              |   | **131,541**  |   |   | 139,499      |   |
| Deferred  income taxes                          |   | **6,166**    |   |   | 4,389        |   |
| Intangibles  assets, net                        |   | **62,069**   |   |   | 65,180       |   |
| Other  assets                                   |   | **7,924**    |   |   | 5,377        |   |
| ** **Total  assets                         | **$**  | **330,746**  |   | $      | 373,804      |   |
| ** **LIABILITIES  AND STOCKHOLDERS' EQUITY |   |         |   |   |         |   |
|                                            |   |         |   |   |         |   |
| Current  liabilities                            |   |         |   |   |         |   |
| Short-term borrowings                           | **$**  | **854**      |   | $      | 1,206        |   |
| Accounts payable                                |   | **19,707**   |   |   | 33,939       |   |
| Income taxes payable                            |   | **7,532**    |   |   | 6,374        |   |
| Accrued expenses and other current liabilities  |   | **24,700**   |   |   | 22,518       |   |
| Total current liabilities                       |   | **52,793**   |   |   | 64,037       |   |
|                                            |   |         |   |   |         |   |
| Long-term  debt                                 |   | **141,314**  |   |   | 143,810      |   |
| Other  liabilities                              |   | **16,826**   |   |   | 17,080       |   |
| Deferred  income taxes                          |   | **1,602**    |   |   | 2,079        |   |
|                                            |   |         |   |   |         |   |
| Stockholders'  equity                           |   |         |   |   |         |   |
| Common stock                                    |   | **46,786**   |   |   | 49,240       |   |
| Retained earnings                               |   | **81,979**   |   |   | 105,876      |   |
| Accumulated other comprehensive income (loss)   |   | **(10,480**  | **)**  |   | (6,669       | )      |
| Other                                           |   | **(74**      | **)**  |   | (1,649       | )      |
| Total stockholders' equity                      |   | **118,211**  |   |   | 146,798      |   |
|                                            |   |         |   |   |         |   |
| Total  liabilities and stockholders' equity     | **$**  | **330,746**  |   | $      | 373,804      |   |

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###### BMC INDUSTRIES,INC.SEGMENT INFORMATION(Unaudited)(in thousands)

|                           | Three Months Ended  December 31 |
|--------------------------------|---------------------------------|
|                           | Buckbee-Mears                   |   |   |   | Optical Products |   |   |   | Consolidated |   |
|                           |                            | **2001** |   |   |   | 2000 |   |   |   | **2001** |   |   |   | 2000 |   |   |   | **2001** |   |   |   | 2000 |   |
|                           |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                       | **$**                           | **35,846** |   |   | $ | 52,653 |   |   | **$** | **28,631** |   |   | $ | 28,665 |   |   | **$** | **64,477** |   |   | $ | 81,318 |   |
| Cost  of products sold         |                            | **35,575** |   |   |   | 43,233 |   |   |   | **29,571** |   |   |   | 24,999 |   |   |   | **65,146** |   |   |   | 68,232 |   |
| Gross  margin                  |                            | **271** |   |   |   | 9,420 |   |   |   | **(940** | **)** |   |   | 3,666 |   |   |   | **(669** | **)** |   |   | 13,086 |   |
| Gross  margin %                |                            | **0.8** | **%** |   |   | 17.9 | % |   |   | **(3.3** | **)%** |   |   | 12.8 | % |   |   | **(1.0** | **)%** |   |   | 16.1 | % |
| Selling                        |                            | **597** |   |   |   | 1,733 |   |   |   | **2,737** |   |   |   | 2,685 |   |   |   | **3,334** |   |   |   | 4,418 |   |
| Non-recurring  charges         |                            | **5,038** |   |   |   | - |   |   |   | **1,180** |   |   |   | - |   |   |   | **6,218** |   |   |   | - |   |
| Unallocated  corporate         |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| administration                 |                            | **-** |   |   |   | - |   |   |   | **-** |   |   |   | - |   |   |   | **1,240** |   |   |   | 1,331 |   |
| Income (loss) from  operations | **   $**                   | **(5,364** | **   )** |   | $ | 7,687 |   |   | **$** | **(4,857** | **)** |   | $ | 981 |   |   | **   $** | **   (11,461** | **)** |   | $ | 7,337 |   |
|                           |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating  income %            |                            | **(15.0** | **)%** |   |   | 14.6 | % |   |   | **(17.0** | **)%** |   |   | 3.4 | % |   |   | **(17.8** | **)%** |   |   | 9.0 | % |
|                           |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital  spending              |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **$** | **1,679** |   |   | $ | 4,009 |   |
|                           |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation  and              |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   amortization            |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **$** | **6,063** |   |   | $ | 5,716 |   |
|                           |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                         |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **$** | **(5,040** | **)** |   | $ | 14,620 |   |
|                           |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA  %                      |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **(7.8** | **)%** |   |   | 18.0 | % |

 

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