EVANSVILLE, IN -- United Components, Inc. announced results for the quarter ended June 30, 2005. Revenue of $269.3 million declined 1.7 percent compared to the year-ago quarter, with increases in the heavy duty channel, and declines in the original equipment sales, original equipment service, retail and traditional channels. Net income for the quarter was $4.4 million, compared to $10.2 million for the second quarter of 2004.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, as adjusted pursuant to the company's credit agreement for its senior credit facilities, was $32.0 million for the second quarter, compared with $37.7 million for the year-ago quarter.

"We saw solid revenue performance this quarter, especially given the challenging market," said Bruce Zorich, chief executive officer of UCI. "Our revenue came in close to last year's second quarter, which was the strongest quarter on record for the company. Higher operating costs, particularly in raw materials, continued to affect our overall performance, but we were happy to see some initial benefits from our long-term cost reduction initiatives, which we expect to continue in the quarters ahead."

UCI ended the quarter with $8.8 million in cash. In June, the company made a voluntary net prepayment of $12.5 million of its senior credit facility borrowings. As of June 30, the company's debt stood at $445 million, down from $581 million in June 2003 when the acquisition occurred.

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