NORTH SIOUX CITY, S.D., April 22 (Reuters) -
Gateway
Consolidated Statements of Operations
(in thousands, except per share amounts)
Three months ended March 31
1999 1998
Net sales $2,103,411 $1,727,927
Cost of goods sold 1,652,907 1,391,433
Gross profit 450,504 336,494
Selling, general, and
administrative expenses 309,697 227,293
Operating income 140,807 109,201
Other, net 14,785 9,347
Income before
income taxes 155,592 118,548
Provision for income taxes 56,013 42,677
Net income $ 99,579 $ 75,871
Net income per share:
Basic $0.64 $0.49
Diluted $0.62 $0.48
Basic weighted average
shares outstanding 156,497 154,548
Diluted weighted average
shares outstanding 160,597 157,575
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