|
(MILLIONS EXCEPT EARNINGS PER SHARE) |
|
|
|
|
|
|
|
|
QUARTERS ENDED JUNE 30, |
SIX MONTHS ENDED JUNE 30, |
|
|
|
|
|
|
1999 |
1998 |
1999 |
1998 |
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
INCOME STATEMENT DATA: |
|
|
|
|
|
|
|
|
|
|
NET SALES |
$172.8 |
$174.2 |
$330.2 |
$330.7 |
|
|
|
|
|
|
OPERATING EXPENSES: |
|
|
|
|
|
COST OF SALES |
$142.4 |
$141.2 |
$277.9 |
$272.7 |
|
DEPRECIATION & AMORTIZATION |
$7.1 |
$7.5 |
$13.9 |
$15.1 |
|
SELLING, GEN'L & ADMIN. |
$8.7 |
$10.7 |
$17.1 |
$21.0 |
|
TOTAL OPERATING EXPENSES |
$158.2 |
$159.4 |
$308.9 |
$308.8 |
|
|
|
|
|
|
OPERATING PROFIT |
$14.6 |
$14.8 |
$21.3 |
$21.9 |
|
|
|
|
|
|
EQUITY IN EARNINGS OF AFFILIATES |
$0.3 |
$0.9 |
$0.6 |
$0.9 |
|
|
|
|
|
|
EARNINGS BEFORE INTEREST & TAXES (EBIT) |
$14.9 |
$15.7 |
$21.9 |
$22.8 |
|
|
|
|
|
|
INTEREST EXPENSE |
$7.1 |
$7.6 |
$14.0 |
$14.7 |
|
INCOME (LOSS) BEFORE TAXES |
$7.8 |
$8.1 |
$7.9 |
$8.1 |
|
INCOME TAX PROVISION |
($0.7) |
$1.1 |
($0.7) |
$1.1 |
|
MINORITY INTEREST |
($0.1) |
$0.2 |
$0.2 |
$0.4 |
|
|
|
|
|
|
NET INCOME |
$8.6 |
$6.8 |
$8.4 |
$6.6 |
|
|
|
|
|
|
DILUTED EARNINGS PER SHARE |
$2.18 |
$1.67 |
$2.13 |
$1.55 |
|
|
|
|
|
|
EBITDA: |
|
|
|
|
|
EARNINGS BEFORE INTEREST & TAXES |
$14.9 |
$15.7 |
$21.9 |
$22.8 |
|
PLUS DEPRECIATION & AMORTIZATION |
$7.1 |
$7.5 |
$13.9 |
$15.1 |
|
NON-CASH EQUITY INCOME |
($0.3) |
($0.3) |
$0.4 |
($0.3) |
|
EARNINGS BEFORE INTEREST, TAXES |
$21.7 |
$22.9 |
$36.2 |
$37.6 |
|
DEPRECIATION & AMORTIZATION (EBITDA) |
|
|
|
|
|
|
|
|
|
OTHER DATA: |
|
|
|
|
|
CAPITAL EXPENDITURES (EXCLUDING ACQUISITIONS) |
$5.5 |
$3.9 |
$8.5 |
$6.6 |
|
TOTAL DEBT |
$328.6 |
$345.1 |
$328.6 |
$345.1 |
|
EQUITY DIVIDENDS |
$0.0 |
$0.6 |
$1.0 |
$0.6 |
|
|
|
|
|