EVANSVILLE, Ind. -- United Components, Inc. (UCI) has announced results for the fourth quarter ended Dec. 31, 2007. Revenue of $240.6 million increased $17.9 million, or 8.1 percent, compared to the year-ago quarter. The company reported revenue increases in the retail, traditional, heavy duty and OEM channels, and a decline in the original equipment service channel.

Net income from continuing operations for the quarter was $12.5 million, including $2.1 million, net of tax, in special charges, related to the integration of our water pump operations, facilities consolidation expenses, costs of establishing new facilities in China, costs of obtaining new business and costs to resolve disputed non-trade receivables. Excluding these charges, adjusted net income from continuing operations would have been $14.6 million for the quarter. Adjusted net income from continuing operations for the fourth quarter of 2006 was $8.5 million, excluding $6.4 million in special charges net of tax, primarily relating to the acquisition of ASC Industries, integration of UCI’s water pump operations, facilities consolidation expenses and costs of obtaining new business and long-term sales commitments.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, for UCI's continuing operations, as adjusted consistent with the company's historical presentations, was $39.3 million for the fourth quarter, compared with $30.7 million for the year-ago quarter.

"2007 was a very successful year for United Components, with year-over-year improvement in adjusted EBITDA for each quarter," said Bruce Zorich, chief executive officer of UCI. "We're extremely pleased with that, in a slowing economy with increasing energy and raw materials costs, healthy top-line growth and operational excellence led to strong financial results.

"As we head into 2008 with good momentum in our core operations, we are making great strides with our international initiatives," continued Zorich. "The first products manufactured at our new Chinese fuel pump facility rolled off the line earlier in this quarter, and our air filter facility is scheduled to begin operations in the second quarter. These successes represent just the first phase of the expansion of our global manufacturing base."

As of Dec. 31, 2007, the company's debt stood as $438.4 million, after a debt repayment of $25 million of its senior credit facility borrowings in the fourth quarter. The company ended the quarter with $41.4 million in cash.

For more information about United Components, Inc., go to: www.ucinc.com.