| 2004 Financial Highlights |
| (Dollars
in thousands except per share data) |
Year ended November 30 |
| 2004 |
2003 |
2002 |
|
Consolidated Sales |
$ 605,853 |
$ 600,495 |
$539,473 |
Sales of Unconsolidated Joint-Venture
Companies |
279,480 |
228,803 |
208,361 |
Net Income |
13,459 |
29,900 |
28,059 |
Net Income Per Share |
1.59 |
3.67 |
3.49 |
| |
|
| Management measures the Company’s financial performance based on operating results without the impact of certain non-routine items, and believes that non-GAAP earnings per share, excluding the non-routine items listed below, provide a more meaningful comparison of year-over-year operating results. Non-GAAP earnings and earnings per share are calculated as follows: |
Net Income as Reported |
13,459 |
29,900 |
28,059 |
Plus: Executive Retirement Plan Termination, Net of Taxes |
14,926 |
- |
- |
Non-GAAP Net Income |
28,385 |
29,900 |
28,059 |
Non-GAAP Earnings Per Share |
3.36 |
3.67 |
3.49 |
| |
|
Download the 2004
Annual Report [2 mb] |
|
|
