Home » Financials » 2003 Annual Report
Selected Consolidated Financial Information
| 2003 | 2002 | 2001 | 2000 | 1999 | ||||||
| Per Common Share Data (1) | ||||||||||
| Net income-basic | $ 3.77 | $ 3.61 | $ 3.58 | $ 3.21 | $ 2.79 | |||||
| Net income-diluted | 3.67 | 3.49 | 3.45 | 3.21 | 2.77 | |||||
| Dividends | .76 | .64 | .64 | .64 | .64 | |||||
| Weighted average shares (basic) | 7,925,229 | 7,772,032 | 7,742,690 | 7,893,132 | 7,992,474 | |||||
| Weighted average shares (diluted) | 8,149,460 | 8,052,164 | 8,048,588 | 7,905,026 | 8,046,496 | |||||
| Stock price - high | 35.53 | 38.74 | 38.94 | 21.50 | 23.88 | |||||
| Stock price - low | 24.89 | 22.26 | 17.03 | 16.10 | 17.35 | |||||
| Price/earnings ratio (range) | 10-7 | 11-6 | 11-5 | 7-5 | 9-7 | |||||
| Operating Results | ||||||||||
| Sales | $ 600,495 | $ 539,473 | $ 551,396 | $ 550,661 | $ 545,081 | |||||
| Gross profit | 166,488 | 141,883 | 138,084 | 139,792 | 142,982 | |||||
| Interest expense, net | (6,645) | (6,836) | (10,213) | (12,244) | (12,938) | |||||
| Provision for income taxes | (14,070) | (14,454) | (10,850) | (8,448) | (10,482) | |||||
| Net income | 29,900 | 28,059 | 27,741 | 25,345 | 22,273 | |||||
| Net income/sales | 5.0% | 5.2% | 5.0% | 4.6% | 4.1% | |||||
| Return on equity | 12.8% | 13.5% | 14.3% | 14.1% | 12.9% | |||||
| Financial Condition at Year- end | ||||||||||
| Working capital | $ 177,009 | $ 149,205 | $ 155,356 | $135,626 | $ 123,748 | |||||
| Property, plant and equipment, net | 150,586 | 145,242 | 145,801 | 145,196 | 149,597 | |||||
| Investments in joint ventures | ||||||||||
| Equity method | 13,064 | 12,940 | 12,793 | 15,786 | 17,126 | |||||
| Cost method | 5,479 | 5,987 | 5,987 | 5,987 | 5,920 | |||||
| Total assets | 533,492 | 462,942 | 485,080 | 478,449 | 470,569 | |||||
| Long-term debt, less current portion | 86,044 | 102,823 | 137,197 | 140,718 | 135,237 | |||||
| Cash Flow | ||||||||||
| Expenditures for property, plant and equipment | $ 17,107 | $ 14,512 | $ 19,297 | $ 21,050 | $ 19,672 | |||||
| Depreciation and amortization | 18,371 | 18,572 | 18,633 | 18,022 | 18,986 | |||||
(1) Share and per share data reflect a two-for-one stock split declared in 2003.
