How stable has Fisher’s financial performance been over the long term? Fisher’s performance has been exceptionally strong. Our leadership position, combined with a history of solid operational performance, has resulted in consistent revenue, earnings and cash-flow growth. We have remained successful due to several factors including: Consistent growth of research-and-development spending – Nondefense R&D spending has increased every year since data tracking began. Increasing number of scientists – During the 1980s and 1990s, the employment of scientists grew almost three times faster than the employment rate for all occupations. Diverse customer base – We serve more than 350,000 customers. The diversity of these customers insulates us from fluctuations in any one market. No single customer accounts for more than 2.5 percent of sales.

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