Quarterly Financial Data
|
2003 |
Net Sales |
Gross Profit |
Impairment & Restructuring |
Net Income (Loss) |
Earnings per Share(1)
Basic Diluted |
Dividends per Share |
|
(Thousands of dollars, except per share data)
|
| Q1 |
$ 838,007 |
$ 130,266 |
$ - |
$ 11,339 |
$ .15 |
$ .15 |
$ .13 |
| Q2 |
990,253 |
158,069 |
853 |
3,921 |
.05 |
.05 |
.13 |
| Q3 |
938,012 |
147,610 |
1,883 |
(1,275) |
(.01) |
(.01) |
.13 |
| Q4 |
1,021,825 |
195,677 |
16,418 |
22,496(2)(4) |
.26 |
.25 |
.13 |
|
| |
$ 3,788,097 |
$ 631,622 |
$ 19,154 |
$ 36,481 |
$ .44 |
$ .44 |
$ .52 |
|
2002 |
|
(Thousands of dollars, except per share data)
|
| Q1(1) |
$ 615,757 |
$ 118,642 |
$ 3,057 |
$ (3,514) |
$ (.06) |
$ (.06) |
$ .13 |
| Q2 |
660,829 |
124,301 |
14,226 |
3,960 |
.07 |
.07 |
.13 |
| Q3(3) |
628,591 |
111,262 |
7,703 |
1,837 |
.03 |
.03 |
.13 |
| Q4 |
644,898 |
115,372 |
7,157 |
36,466(2) |
.58 |
.57 |
.13 |
|
| |
$ 2,550,075 |
$ 469,577 |
$ 32,143 |
$ 38,749 |
$ .63 |
$ .62 |
$ .52 |
|
(1)Annual earnings per share do not equal the sum of the individual quarters due to differences in the average number of shares outstanding during the respective periods.
(2)Includes receipt (net of expenses) of $65.6 million and $50.2 million in 2003 and 2002 resulting from the U.S. Continued Dumping and Subsidy Offset Act.
(3)Net income (loss) and earnings per share for Q1 and Q3 have been adjusted to reflect as if the cumulative effect of change in accounting principle had been recorded in Q1 of 2002 instead of Q3. This adjustment was made in accordance with the adoption of Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets."
(4)Includes $45.7 million for write-off of investment in joint venture, PEL.
| 2003 Stock Prices |
|
2002 Stock Prices |
| |
High |
Low |
|
High |
Low |
| Q1 |
$20.46 |
$14.88 |
Q1 |
$24.50 |
$15.35 |
| Q2 |
18.50 |
15.59 |
Q2 |
27.41 |
20.50 |
| Q3 |
19.25 |
14.55 |
Q3 |
24.00 |
16.54 |
| Q4 |
20.32 |
15.31 |
Q4 |
20.27 |
14.92 |
Financial Summary • Letter to Shareholders • Soaring with Opportunities • Driving New Opportunities
Beyond Boundaries • Boundless Innovation • Boundless Drive to Excel • Corporate Profile
Financial Information • Directors • Officers and Executives • Shareholder Information
2003 Annual Report in Print Friendly Format (600K - PDF format)
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