Financial Highlights


finacial highlights graph 2008



Dollars in millions, except per share amounts 2008 2007 2006
OPERATING RESULTS
Net sales $ 1,907.3 $ 1,499.8 $ 1,281.3
Operating income 228.6 155.6 110.1
Net earnings 132.4 94.7 61.5
Diluted earnings per share 5.04 3.63 2.38
Dividends per share 0.495 0.410 0.370
FINANCIAL POSITION
Shareholders' equity $ 624.1 $ 510.3 $ 401.3
Long-term debt as a % of invested capital1 31.7% 27.3% 31.3%
OPERATING PROFITS
Gross profit as a % of net sales 26.8% 26.7% 25.5%
Operating income as a % of net sales 12.0% 10.4% 8.6%
Net earnings as a % of net sales 6.9% 6.3% 4.8%
Return on beginning equity 25.9% 23.6% 18.7%
Return on invested capital1 16.0% 14.0% 11.1%
YEAR-END DATA
Shares outstanding (000) 26,168 25,945 25,634
Approximate number of shareholders 5,800 5,800 5,600
Number of employees 7,380 6,029 5,684

1 See footnote (a) on page 32 of the Company's Annual Report and item 6 on pages 22 through 24 of the Company’s Form 10-K