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Financials

 

For the quarter ended March 31, 2013, the company achieved record quarterly net sales of $84.7 million, which is an increase of approximately 11% above the $76.2 million result of the prior year comparative quarter. Record quarterly net earnings were achieved of $10.9 million, an increase of $1.6 million, or 17.5% as compared with the same period last year. The $10.9 million generated diluted net earnings of $0.36 per common share versus $0.31 per common share for the prior year comparable period, an increase of 16.1%.
 

Selected Quarterly Financial Data* 

Consolidated Statement of Earnings 
(In thousands, except per share data)  
For the Three Months Ended March 31, 2013 (Unaudited),
   2013  2012
 Net sales $84,651  $76,203
 Gross margin 24,232  21,158
 Operating expenses 8,367 7,483
 Earnings from operations  15,865  13,675
 Other expense (income)  2  (13)
 Earnings before income tax expense  15,863  13,688
 Income tax expense  4,975  4,420
 Net earnings  $10,888  $9,268
 Diluted net earnings per common share  $0.36  $0.31

 

Selected Annual Financial Data* 

  (in thousands, except per share data)
Year ended December 31, 2012  2011  2010  2009  2008
Statement of Operations Data     
Net sales  $310,393  $291,867 $255,071  $219,438  $232,050
Earnings before income tax expense 59,844 56,738 50,131 40,602 28,431
Income tax expense 19,839 17,973 16,854 13,817 9,381
Net earnings 40,005 38,765 33,277 26,785 19,050
Diluted net earnings per common share $1.32  $1.28  $1.12  $0.93 $0.67

 

 December 31,  2012 2011
2010
2009
2008
Balance Sheet Data     
Total assets $312,545 $271,717 $228,624 $187,813 $154,475
Long-term debt - 1,410 4,914 6,783 9,531
Other long-term obligations 3,431 2,788 2,575 1,825 1,609
Total stockholder's equity 273,012 232,009 187,467 147,143 114,506
Dividends per share $0.22  $0.18  $0.15 $0.11 $0.07
 

 * Earnings per share and dividend amounts have been adjusted for the December 2009 three-for-two stock split (effected by means of a stock dividend).