 |
Financial
Highlights
(thousands,
except share data
| |
Year
Ended December 31 |
| |
2005 |
2004 |
2003 |
2002 |
2001 |
| Sales(1) |
|
|
|
|
|
| Construction services |
$1,586,509 |
$904,362 |
$498,052 |
$293,063 |
$147,363 |
| Building products |
1,325,651 |
1,186,663 |
917,019 |
868,431 |
945,504 |
| Total sales |
$2,912,160 |
$2,091,025 |
$1,415,071 |
$1,161,494 |
$1,092,867 |
| Income from operations(2) |
$239,356 |
$108,108 |
$40,429 |
$39,121 |
$42,629 |
| Net Income(3) |
$129,507 |
$53,910(4) |
$19,929 |
$7,015(5) |
$20,844 |
| Net income per share: |
|
|
|
|
|
| Basic |
$9.22 |
$4.00 |
$1.50 |
$0.54 |
$1.61 |
| Diluted |
$8.82 |
$3.87 |
$1.48 |
0.53 |
$1.60 |
| Annual cash dividends declared per
share(6) |
$0.48 |
$0.28 |
$0.21 |
$0.05 |
NA |
| Working Capital |
$304,459 |
$284,173 |
$216,898 |
$170,492 |
$160,904 |
| Total assets |
$1,150,525 |
$743,044 |
$604,199 |
$503,074 |
$485,742 |
| Long-term debt, net of current portion |
$278,169 |
$206,419 |
$186,773 |
$157,375 |
$167,417 |
| Shareholders' equity |
$470,061 |
$327,678 |
$271,010 |
$251,300 |
$242,894 |
| Cash flows provided by operations |
$199,280 |
33,677 |
$12,479 |
$35,726 |
$63,687 |
|
| (1) |
Acquisitions provided sales of $403.9
million in 2005; $221.4 million in 2004; $155.2 million
in 2003; $117.4 million in 2002 and $100.5 million in
2001. |
| (2) |
Acquisitions provided income (loss)
from operations of $31.6 million in 2005; $2.8 million
in 2004; ($3.6) million in 2003; $9.8 million in 2002
and $7.7 million in 2001. |
| (3) |
Impairments of assets net of tax
were $0.8 million in 2005; $1.4 million in 2004; $0.5
million in 2003; $4.1 million in 2002 and $1.1 million
in 2001.
|
| (4) |
Includes a reduction of expenses
for lower than expected insurance costs of $3.8 million
net of tax. |
| (5) |
The transitional impairment analysis
of goodwill resulted in an impairment of $11.7 million
net of tax. |
| (6) |
In February 2006, our Board of Directors
approved a two-for-one split of our outstanding common
shares and first quarter cash dividend. The first quarter
cash dividend will be $0.10 per share after the split
or $0.20 per share prior to the split of our common shares.
The cash dividend was initiated in the fourth quarter
of 2002. |
|
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|
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