Home » Financials » 2006 Annual Report
Selected Consolidated Financial Information
| (Dollars in thousands, except per share data) | ||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | ||||||
| Per Common Share Data (1) | ||||||||||
| Basic Earnings per Share | ||||||||||
| Income from continuing operations | $ 5.73 | $ 3.51 | $ 1.35 | $ 3.00 | $ 3.00 | |||||
| Income from discontinued operations, net of taxes | .25 | .37 | .28 | .77 | .61 | |||||
| Net Income | 5.98 | 3.88 | 1.63 | 3.77 | 3.61 | |||||
| Diluted Earnings per Share | ||||||||||
| Income from continuing operations | 5.64 | 3.44 | 1.32 | 2.92 | 2.90 | |||||
| Income from discontinued operations, net of taxes | .24 | .36 | .27 | .75 | .59 | |||||
| Net Income | 5.88 | 3.80 | 1.59 | 3.67 | 3.49 | |||||
| Weighted-average shares (basic) | 8,731,839 | 8,410,563 | 8,270,487 | 7,925,229 | 7,772,032 | |||||
| Weighted-average shares (diluted) | 8,871,695 | 8,579,194 | 8,448,987 | 8,149,460 | 8,052,164 | |||||
| Net Income | 5.88 | 3.80 | 1.59 | 3.67 | 3.49 | |||||
| Dividends | .80 | .80 | .80 | .76 | .64 | |||||
| Stock price high | 80.01 | 46.61 | 40.05 | 35.53 | 38.74 | |||||
| Stock price low | 44.66 | 31.76 | 28.60 | 24.89 | 22.26 | |||||
| Price/earnings ratio (range) | 14-8 | 12-8 | 25-18 | 10-7 | 11-6 | |||||
| Operating Results | ||||||||||
| Sales | $ 549,180 | $ 494,767 | $ 406,230 | $ 410,215 | $ 356,162 | |||||
| Gross profit | 132,389 | 125,210 | 92,209 | 110,221 | 88,397 | |||||
| Interest expense, net | (1,682) | (5,520) | (5,522) | (6,755) | (6,855) | |||||
| Provision for income taxes | (10,905) | (11,040) | (4,789) | (9,474) | (11,244) | |||||
| Equity in earnings of joint venture, net of taxes | 13,550 | 9,005 | 10,791 | 614 | 3,309 | |||||
| Income from continuing operations | 50,060 | 29,509 | 11,151 | 23,808 | 23,297 | |||||
| Income from discontinued operations, net of taxes | 2,140 | 3,101 | 2,308 | 6,092 | 4,760 | |||||
| Net income | 52,200 | 32,610 | 13,459 | 29,900 | 28,059 | |||||
| Net income/sales | 9.5% | 6.6% | 3.3% | 7.3% | 7.9% | |||||
| Return on equity | 15.8% | 11.3% | 5.0% | 12.8% | 13.5% | |||||
| Financial Condition at Year- end (2) | ||||||||||
| Working capital | $ 280,467 | $ 216,126 | $ 180,813 | $ 177,009 | $ 149,205 | |||||
| Property, plant and equipment, net | 134,470 | 154,665 | 153,651 | 150,586 | 145,242 | |||||
| Investments in joint ventures | ||||||||||
| Equity method | 14,501 | 13,777 | 16,042 | 13,064 | 12,940 | |||||
| Cost method | 3,784 | 5,922 | 5,922 | 5,479 | 5,987 | |||||
| Total assets | 634,664 | 578,036 | 543,937 | 533,492 | 462,942 | |||||
| Long-term debt, less current portion | 72,525 | 77,109 | 75,349 | 86,044 | 102,823 | |||||
| Cash Flow (2) | ||||||||||
| Expenditures for property, plant and equipment | $ 35,519 | $ 25,371 | $ 18,312 | $ 17,107 | $ 14,514 | |||||
| Depreciation and amortization | 17,440 | 18,924 | 18,897 | 18,371 | 18,572 | |||||
(1) Share and per share data reflect a two-for-one stock split declared in 2003.
(2) Amounts include both continuing and discontinued operations.
