|
In Millions exceptt per share amounts
| |
2000 |
|
|
| |
Quarters |
|
|
|
|
| |
First |
Second |
Third |
Fourth |
Year |
|
|
|
|
|
|
| Total revenues
|
$36.3 |
$152.4 |
$152.5 |
$113.8 |
$455.0 |
| Gross profit
|
3.2 |
19.6 |
16.8 |
10.3 |
49.9 |
| Net income (loss) |
|
|
|
|
|
| Amount |
(3.5) |
11.0 |
6.3 |
4.3 |
18.1 |
| Per
common share |
|
|
|
|
|
| Basic |
(.32) |
1.03 |
.60 |
.43 |
1.74 |
| Diluted |
(.32) |
1.03 |
.60 |
.42 |
1.73 |
| Average number
of shares |
|
|
|
|
|
| Basic |
10.7 |
10.5 |
10.4 |
10.1 |
10.4 |
| Diluted |
10.7 |
10.6 |
10.4 |
10.1 |
10.4 |
Annual results include
the pre-tax effects of a $15.3 million
($15.0 million in the second quarter)
recovery of an insurance claim, a $5.2
million fourth quarter tax credit reflecting
a reassessment of income tax obligations
from audits of prior years’ federal
tax returns, and a $10.9 million pretax
($9.1 million in the second quarter) charge
to recognize the decrease in value of
the Company’s investment in LTV common
stock.
| |
1999 |
|
|
| |
Quarters |
|
|
|
|
| |
First |
Second |
Third |
Fourth |
Year |
|
|
|
|
|
|
| Total
revenues |
$25.1 |
$101.7 |
$94.2 |
$150.0 |
$371.0 |
| Gross
profit (loss) |
9.9 |
18.7 |
(10.0) |
16.7 |
35.3 |
| Net
income (loss) |
|
|
|
|
|
| Amount |
2.7 |
7.8 |
(10.7) |
5.0 |
4.8 |
| Per
common share |
|
|
|
|
|
| Basic |
.24 |
.70 |
(.96) |
.45 |
.43 |
| Diluted |
.24 |
.70 |
(.96) |
.45 |
.43 |
| Average
number of shares |
|
|
|
|
|
| Basic |
11.2 |
11.2 |
11.1 |
10.8 |
11.1 |
| Diluted |
11.2 |
11.2 |
11.1 |
10.9 |
11.1 |
First and third quarter
results included pretax favorable adjustments
of $4 million and $2 million, respectively,
primarily relating to recoveries of prior
years’ state taxes. Third and fourth
quarter results also included approximately
$25 million and $7 million, respectively,
of pretax fixed costs related to production
curtailments.
| |
Price
Performance
|
|
|
| |
2000 |
1999 |
Dividends |
|
|
|
|
| |
High |
Low |
High |
Low |
2000 |
1999 |
|
|
|
|
|
|
|
| First Quarter
|
$31.38 |
$22.00 |
$43.56 |
$32.94 |
$.375 |
$.375 |
| Second Quarter
|
26.25 |
21.94 |
41.44 |
31.81 |
.375 |
.375 |
| Third Quarter |
27.25 |
22.56 |
34.50 |
30.06 |
.375 |
.375 |
| Fourth Quarter
|
23.19 |
19.69 |
31.94 |
26.81 |
.375 |
.375 |
| |
|
|
|
|
|
|
| Year |
31.38 |
19.69 |
43.56 |
26.81 |
$1.50 |
$1.50 |
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