Home » Financials » 2007 Annual Report
Selected Consolidated Financial Information
| (Dollars in thousands, except per share data) | ||||||||||
| 2007 | 2006 | 2005 | 2004 | 2003 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Per Common Share Data (1) | ||||||||||
| Basic Earnings per Share | ||||||||||
| Income from continuing operations | $ 6.77 |
$ 5.73 | $ 3.51 | $ 1.35 | $ 3.00 | |||||
| Income from discontinued operations, net of taxes | .68 |
.25 | .37 | .28 | .77 | |||||
| Net Income | 7.45 |
5.98 | 3.88 | 1.63 | 3.77 | |||||
| Diluted Earnings per Share | ||||||||||
| Income from continuing operations | 6.73 |
5.64 | 3.44 | 1.32 | 2.92 | |||||
| Income from discontinued operations, net of taxes | .67 |
.24 | .36 | .27 | .75 | |||||
| Net Income | 7.40 |
5.88 | 3.80 | 1.59 | 3.67 | |||||
| Weighted-average shares (basic) | 9,029,487 |
8,731,839 | 8,410,563 | 8,270,487 | 7,925,229 | |||||
| Weighted-average shares (diluted) | 9,090,846 |
8,871,695 | 8,579,194 | 8,448,987 | 8,149,460 | |||||
| Dividends | .90 |
.80 | .80 | .80 | .76 | |||||
| Stock price high | 109.60 |
80.01 | 46.61 | 40.05 | 35.53 | |||||
| Stock price low | 64.35 |
44.66 | 31.76 | 28.60 | 24.89 | |||||
| Price/earnings ratio (range) | 15-9 |
14-8 | 12-8 | 25-18 | 10-7 | |||||
| Operating Results | ||||||||||
| Sales | $ 631,010 |
$ 549,180 | $ 494,767 | $ 406,230 | $ 410,215 | |||||
| Gross profit | 146,029 |
132,389 | 125,210 | 92,209 | 110,221 | |||||
| Interest expense, net | 1,927 |
(1,682) | (5,520) | (5,522) | (6,755) | |||||
| Provision for income taxes | (10,359) |
(10,905) | (11,040) | (4,789) | (9,474) | |||||
| Equity in earnings of joint venture, net of taxes | 15,383 |
13,550 | 9,005 | 10,791 | 614 | |||||
| Income from continuing operations | 61,140 |
50,060 | 29,509 | 11,151 | 23,808 | |||||
| Income from discontinued operations, net of taxes | 6,099 |
2,140 | 3,101 | 2,308 | 6,092 | |||||
| Net income | 67,239 |
52,200 | 32,610 | 13,459 | 29,900 | |||||
| Net income/sales | 10.7% |
9.5% | 6.6% | 3.3% | 7.3% | |||||
| Return on equity | 16.6% |
15.8% | 11.3% | 5.0% | 12.8% | |||||
| Financial Condition at Year- end (2) | ||||||||||
| Working capital | $ 314,339 |
$ 280,467 | $ 216,126 | $ 180,813 | $ 177,009 | |||||
| Property, plant and equipment, net | 173,731 |
134,470 | 154,665 | 153,651 | 150,586 | |||||
| Investments in joint ventures | ||||||||||
| Equity method | 14,677 |
14,501 | 13,777 | 16,042 | 13,064 | |||||
| Cost method | 3,784 |
3,784 | 5,922 | 5,922 | 5,479 | |||||
| Total assets | 705,812 |
634,664 | 578,036 | 543,937 | 533,492 | |||||
| Long-term debt, less current portion | 57,593 |
72,525 | 77,109 | 75,349 | 86,044 | |||||
| Cash Flow (2) | ||||||||||
| Expenditures for property, plant and equipment | $ 47,697 |
$ 35,519 | $ 25,371 | $ 18,312 | $ 17,107 | |||||
| Depreciation and amortization | 17,034 |
17,440 | 18,924 | 18,897 | 18,371 | |||||
(1) Share and per share data reflect a two-for-one stock split declared in 2003.
(2) Amounts include both continuing and discontinued operations.
