Home » Financials » 2005 Annual Report
Selected Consolidated Financial Information
| (Dollars in thousands, except per share data) | ||||||||||
| 2005 | 2004 | 2003 | 2002 | 2001 | ||||||
| Per Common Share Data (1) | ||||||||||
| Net income-basic | $ 3.88 | $ 1.63 | $ 3.77 | $ 3.61 | $ 3.58 | |||||
| Net income-diluted | 3.80 | 1.59 | 3.67 | 3.49 | 3.45 | |||||
| Dividends | .80 | .80 | .76 | .64 | .64 | |||||
| Weighted average shares (basic) | 8,410,563 | 8,270,487 | 7,925,229 | 7,772,032 | 7,742,690 | |||||
| Weighted average shares (diluted) | 8,579,194 | 8,448,987 | 8,149,460 | 8,052,164 | 8,048,588 | |||||
| Stock price - high | 46.61 | 40.05 | 35.53 | 38.74 | 38.94 | |||||
| Stock price - low | 31.76 | 28.60 | 24.89 | 22.26 | 17.03 | |||||
| Price/earnings ratio (range) | 12-8 | 25-18 | 10-7 | 11-6 | 11-5 | |||||
| Operating Results | ||||||||||
| Sales | $ 704,574 | $ 605,853 | $ 600,495 | $ 539,473 | $ 551,396 | |||||
| Gross profit | 182,107 | 148,411 | 166,488 | 141,883 | 138,084 | |||||
| Interest expense, net | (5,219) | (5,313) | (6,645) | (6,836) | (10,213) | |||||
| Provision for income taxes | (14,470) | (8,006) | (14,070) | (14,454) | (10,850) | |||||
| Equity in earnings of joint venture, net of taxes | 9,005 | 10,791 | 614 | 3,309 | 2,373 | |||||
| Net income | 32,610 | 13,459 | 29,900 | 28,059 | 27,741 | |||||
| Net income/sales | 4.6% | 2.2% | 5.0% | 5.2% | 5.0% | |||||
| Return on equity | 11.3% | 5.0% | 12.8% | 13.5% | 14.3% | |||||
| Financial Condition at Year- end | ||||||||||
| Working capital | $ 216,126 | $ 180,813 | $ 177,009 | $ 149,205 | $ 155,356 | |||||
| Property, plant and equipment, net | 154,665 | 153,651 | 150,586 | 145,242 | 145,801 | |||||
| Investments in joint ventures | ||||||||||
| Equity method | 13,777 | 16,042 | 13,064 | 12,940 | 12,793 | |||||
| Cost method | 5,922 | 5,922 | 5,479 | 5,987 | 5,987 | |||||
| Total assets | 578,036 | 543,937 | 533,492 | 462,942 | 485,080 | |||||
| Long-term debt, less current portion | 77,109 | 75,349 | 86,044 | 102,823 | 137,197 | |||||
| Cash Flow | ||||||||||
| Expenditures for property, plant and equipment | $ 25,371 | $ 18,312 | $ 17,107 | $ 14,514 | $ 19,297 | |||||
| Depreciation and amortization | 18,924 | 18,897 | 18,371 | 18,572 | 18,633 | |||||
(1) Share and per share data reflect a two-for-one stock split declared in 2003.
