 |
Ferro Corporation and subsidiaries |
|
|
|
Years ended December 31 |
(dollars in thousands
except per share data) |
|
2001 |
2000 |
1999 |
 |
| Operating results |
|
|
| Sales from ongoing operations |
$1,501,059 |
1,431,152 |
1,325,213 |
| Sales from businesses sold |
-- |
16,132 |
30,070 |
 |
| Total net sales |
$1,501,059 |
1,447,284 |
1,355,283 |
|
| Net Income |
$39,197 |
73,139 |
73,015 |
Per common share data (a) |
|
|
| Basic earnings |
$1.05 |
2.02 |
1.97 |
| Diluted earnings |
$1.04 |
1.92 |
1.85 |
| Cash dividends |
$0.58 |
0.58 |
0.55 |
Other |
|
|
| Average shares outstanding (a) |
34,246,247 |
34,561,227 |
35,197,243 |
| Net cash provided by operations |
$223,572 |
114,451 |
127,155 |
| Return on average shareholders' equity |
13% |
24% |
25% |
| Number of holders of common stock (year-end) |
2,056 |
2,178 |
2,329 |
| Number of employees (year-end) |
9,348 |
7,117 |
6,881 |
|
(a) Basic earnings
per share are based on a weighted average of common shares outstanding.
Diluted earnings per share reflect the potential dilution of earnings per
share, assuming that certain stock options whose exercise price is less
than the average market price of the stock are exercised, and that convertible
preferred shares are converted into common shares.
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