Press Releases

/C O R R E C T I O N -- Tecumseh Products Company /

PRNewswire
(:TECUA)
Aug 9, 2007

In the news release, Tecumseh Products Company (Nasdaq: TECUA; TECUB) Reports Second Quarter 2007 Results, issued earlier today by Tecumseh Products Company over PR Newswire, we are advised by the company that due to a typographical error, the Company had listed the results of income (loss) per share for the three months ended June 30, 2006 as ($1.83); the correct results were net income per share of $1.83. The corrected table follows.

       CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

                                  Three Months Ended     Six Months Ended
  (Dollars in millions except            June 30,              June 30,
   per share amounts)                2007       2006        2007      2006

  Net sales                         $350.7     $349.4      $707.9    $686.4
    Cost of sales                    323.3      333.7       651.9     649.4
    Selling and administrative
     expenses                         34.7       34.3        70.4      71.2
    Impairments, restructuring
     charges and other items           0.9        2.7        (0.5)      3.2
  Operating loss                      (8.2)     (21.3)      (14.0)    (37.4)
    Interest expense                 (10.3)      (7.0)      (18.9)    (11.1)
    Interest income and other,
     net                               1.8        3.1         3.7       8.3
  Loss from continuing operations
   before taxes                      (16.7)     (25.2)      (29.2)    (40.2)
    Tax benefit                       (2.2)      (6.9)       (3.2)     (9.6)
    Loss from continuing
     operations                      (14.5)      (18.3)     (26.0)    (30.6)
    Income (loss) from
     discontinued operations,
     net of tax                      (73.7)       52.2      (79.0)     51.9
  Net income (loss)                 ($88.2)      $33.9    ($105.0)    $21.3
  Basic and diluted income
  (loss) per share:
    Continuing operations            ($0.78)     ($0.99)    ($1.40)  ($1.66)
    Discontinued operations           (3.99)      $2.82     ($4.28)   $2.81
  Net income (loss) per share        ($4.77)      $1.83     ($5.68)   $1.15
  Weighted average shares
  (in thousands of shares)           18,480      18,480     18,480   18,480

Tecumseh Products Company will host a conference call to report on the second quarter 2007 results on Thursday, August 9, 2007 at 3:00 p.m. ET. The call will be broadcast live over the Internet and then available for replay through the Investor Relations section of Tecumseh Products Company's website at http://www.tecumseh.com/.

Press releases and other investor information can be accessed via the Investor Relations section of Tecumseh Products Company's Internet web site at http://www.tecumseh.com/.

  Contact:  Teresa Hess
            Director, Investor Relations
            Tecumseh Products Company
            517-423-8455

SOURCE: Tecumseh Products Company