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Ladd Furniture, Inc. Proforma Adjusted Earnings Schedule October 16, 1997 (Unaudited) =========================================================== <table> <caption> Reported Daystrom & Pro Forma in Thousands 3rd Qtr Unusual 3rd Qtr 3rd Qtr 1996 Adj. 1996 1997 <s> <c> <c> <c> <c> Net Sales $120,447 120,447 129,935 Daystrom Net Sales -- 257 (257) -- Adjusted Net Sales 120,447 120,190 129,935 Earnings Before Interest & Taxes 6,461 6,461 5,549 Daystrom Operating Loss -- (297) 297 -- Restructuring Credit -- 892 (892) -- Insurance Proceeds -- 1,650 (1,650) -- Adjusted Ebit 6,461 4,216 5,549 Adjusted Ebit to Net Sales 5.36% 3.51% 4.27% Interest Expense 3,182 3,182 2,701 Profit Before Taxes $ 3,279 1,034 2,848 ======== ======== ========= Weighted Average Number of Common Shares Outstanding 7,721 7,721 7,758 </Table>
