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Statement of Consolidated Earnings of the Company
April 23, 2001
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Three Months Ended March 31 |
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2001 |
2000 |
| Net sales |
$561,623,000 |
503,291,000 |
| Cost of sales |
228,395,000 |
214,966,000 |
| Gross profit |
333,228,000 |
288,325,000 |
| Selling and general administrative |
217,731,000 |
184,132,000 |
| Operating income |
115,497,000 |
104,193,000 |
| Investment income |
4,089,000 |
3,732,000 |
| Other (expense)/income |
(191,000) |
1,005,000 |
| Earnings before income taxes |
119,395,000 |
108,930,000 |
| Income taxes |
37,865,000 |
34,325,000 |
| Net earnings |
$81,530,000 =========== |
$74,605,000 =========== |
| Net earnings per average share of common stock (basic and diluted)a |
$0.36 =========== |
0.33 =========== |
| Average number of shares outstanding for the periodb |
225,549,541 =========== |
228,495,590 =========== |
This interim report is unaudited.
a- Per share calculations based on the average number of shares outstanding for the period.
b- Net earnings per average share and average number of shares outstanding for the period are reflected on a post-split basis pursuant to the Company's 2-for-1 stock split for shareholders of record on February 6, 2001.
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