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Five-year Summary
 
Years ended December 31 (dollars in thousands, except per share amounts)


1998


1997


1996


1995


1994

Net sales

$1,931,796

$1,919,366

$1,979,627

$1,936,719

$1,834,024

Salaries and wages

532,305

572,035

586,949

551,788

519,901

Provision for income taxes

101,132

70,478

53,302

74,885

102,453

Income from continuing operations1
     Return on sales
     Per share - basic
     Per share - diluted
     Return on average
        shareholders' equity 
     Return on average assets

145,408

7.53%
1.80

1.80

23.85%
12.37%

44,672

2.33%
.55
.55

6.75%
3.84%

65,463

3.31%
.80
.79

8.77%
5.30%

94,434

4.88%
1.15
1.15

11.84%
7.40%

144,253

7.87%
1.75
1.75

17.86%
11.50%

Net income1
     Per share - basic
     Per share - diluted

145,408
1.80
1.80

44,672
.55
.55

65,463
.80
.79

87,021
1.06
1.06

140,866
1.71
1.71

Cash dividends per share

1.48

1.48

1.48

1.48

1.46

Shareholders' equity

608,910

610,248

712,916

780,374

814,393

Purchases of capital assets

121,275

109,500

92,038

125,068

126,226

Depreciation and amortization expense

85,784

97,269

106,636

103,303

85,906

Working capital increase (decrease)

36,808

22,911

95,857

(118,116)

(94,086)

Total assets

1,203,034

1,148,364

1,176,440

1,295,095

1,256,272

Long-term debt

106,321

109,986

108,622

110,997

110,867

Debt to capital ratios

14.98%

15.96%

15.41%

17.14%

12.89%

Average common shares outstanding (thousands)


80,648


81,854


82,311


82,420


82,400

Number of employees

15,296

18,937

19,643

19,286

18,839

Number of production and service facilities

58

68

81

81

78

1 Income from continuing operations and net income include reorganization and other special charges each year. See Management’s discussion and analysis.

2 The calculation of the Company's debt to capital ratio was modified in 1998 to conform with the generally accepted calculation used by rating agencies. Ratios for all prior periods have been restated to reflect this new calculation. This ratio is calculated as follows: the sum of long term debt plus long-term debt due within one year plus short-term debt divided by the sum of long term debt plus long-term debt due within one year plus short-term debt plus shareholders' equity plus long-term deferred income taxes.

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