KATY INDUSTRIES, INC. SUMMARY OF OPERATIONS - UNAUDITED
(In thousands, except per share data)
		Three Months Ended March 31,
		2008		2007
Net sales		$            41,691		$            45,552
Cost of goods sold		37,863		39,956
	Gross profit	3,828		5,596
Selling, general and administrative expenses		6,737		7,574
Severance, restructuring and related charges		138		208
Loss (gain) on sale of assets		533		(120)
	Operating loss	(3,580)		(2,066)
Interest expense		(483)		(1,195)
Other, net		(14)		32
	Loss from continuing operations before benefit from (provision for)
	income taxes	(4,077)		(3,229)
Benefit from (provision for) income taxes from continuing operations		352		(89)
	Loss from continuing operations	(3,725)		(3,318)
Loss from operations of discontinued businesses (net of tax)		(252)		(2,127)
Gain on sale of discontinued businesses (net of tax)		543		1,666
	Net loss	$             (3,434)		$             (3,779)
Loss per share of common stock - basic and diluted:
Loss from continuing operations		$               (0.47)		$               (0.42)
Discontinued operations		0.04		(0.06)
	Net loss	$               (0.43)		$               (0.48)
Weighted average common shares outstanding - basic and diluted		7,951		7,951
Other Information:
Working capital		$               8,735		$               1,774
Working capital, exclusive of deferred tax assets and liabilities and debt
	classified as current	$            16,029		$            43,858
Long-term debt, including current maturities		$            15,995		$            54,459
Stockholders' equity		$            32,894		$            36,983
Capital expenditures		$               1,037		$                  979