Five-Year Summary
(Thousands of Dollars) 1996 1995 1994 1993 1992
OPERATIONS:
Net Sales From Continuing Operations $179,203 $191,090 $177,136 $164,606 $187,130
Income From Continuing Operations
Before Income Taxes 9,378 20,253 19,016 1,618 19,012
Income Taxes 2,772 6,888 8,482 1,099 6,239
Income From Continuing Operations 6,606 13,365 10,534 519 12,773
Loss From Discontinued Operations, net _ _ _ (4,000) (1,955)
Net Income (Loss) 6,606 13,365 10,534 (3,481) 10,818
Cash Dividends Declared 10,568 10,581 10,738 13,544 21,648
Capital Expenditures 9,135 10,839 7,662 8,494 4,603
DEPRECIATION 7,024 6,578 5,899 5,495 5,000
(Thousands of Dollars)
FINANCIAL POSITION:
Current Assets 119,372 135,143 130,727 130,126 143,632
Current Liabilities 42,891 52,439 46,758 40,226 39,831
Total Assets 175,191 189,362 180,369 178,994 194,455
Working Capital 76,481 82,704 83,969 89,900 103,801
Net Property, Plant and Equipment 40,325 38,237 33,950 32,130 40,162
Shareholders' Equity (Net Worth) 126,791 131,714 128,702 134,160 150,616
(Dollars)
PER SHARE DATA:
Income (Loss):
From Continuing Operations 0.40 0.81 0.62 0.03 0.76
From Discontinued Operations _ _ _ (0.24) (0.12)
Net Income (Loss) 0.40 0.81 0.62 (0.21) 0.64
CASH DIVIDENDS DECLARED 0.64 0.64 0.64 0.80 1.28
Shareholders' Equity (Book Value) 7.69 7.96 7.79 7.92 8.90
Market & Dividend Information
The Company's Class A common stock is traded on the American Stock
Exchange. At December 31, 1996, there were approximately 1,900
shareholders of record of the Company's Class A common stock and 2
shareholders of record of Class B common stock. The weighted average
numbers of shares outstanding were 16,531,488 and 16,528,876 during
1996 and 1995, respectively. High and low stock prices and dividends
for the last two years were:
CASH CASH
DIVIDENDS DIVIDENDS
QUARTER HIGH LOW DECLARED QUARTER HIGH LOW DECLARED
1996 1995
First 16 1/4 14 $.00 First 15 1/4 13 1/8 $.00
Second 18 15 .16 Second 17 1/4 14 1/4 .16
Third 17 1/2 11 1/4 .16 Third 17 1/4 14 1/2 .16
Fourth 12 10 1/2 .32* Fourth 16 7/8 14 .32*
*One-half paid in the fourth quarter and balance paid in the subsequent
year first quarter.
Source: 3CQ1997 10Q |
