Spreadsheet: 19b411f6-6054-4e2b-98c2-e2e17b818223
Sheet: Growth Rates

45 Year Financial History
Growth Rates & Margins
 |  |  |  |  | For the Period Ending | 20 and 44 Year Growth (based on 2010 data) - CAGR (%) 1
 |  |  |  |  |  | Net Sales |  |  | EBIT |  |  | Net Income |  |  | EPS |  |  | Cash from Ops |  |  | Dividends |  |  | Stock Price 2
 |  |  |  |  |  | 20 Yr | 44 Yr |  | 20 Yr | 44 Yr |  | 20 Yr | 44 Yr |  | 20 Yr | 44 Yr |  | 20 Yr | 44 Yr |  | 20 Yr | 44 Yr |  | 20 Yr | 44 Yr
 |  |  |  |  | 2011
For the Period Ending | Margins (%) |  |  | Sales Growth |  | 1, 5, and 10 Year Growth - CAGR (%) 1
 | Gross Profit 3 |  | Net Earnings | Annual Growth |  | Net Sales |  |  | EBIT |  |  | Net Income |  |  | EPS |  |  | Cash from Ops |  |  | Dividends |  |  | Stock Price 2
 |  | EBIT |  | Internal | Acquired | 1 Yr | 5 Yr | 10 Yr | 1 Yr | 5 Yr | 10 Yr | 1 Yr | 5 Yr | 10 Yr | 1 Yr | 5 Yr | 10 Yr | 1 Yr | 5 Yr | 10 Yr | 1 Yr | 5 Yr | 10 Yr | 1 Yr | 5 Yr | 10 Yr
1967 | 16.25534468531993 | 6.00855149651189 | 3.083039531918085 |  |  | 0.2 | 10.7 |  | 10.5 |  |  | 17.2 | 51.3 |  | 0 | 26.6 |  |  |  |  | 120 | 22.4
1968 | 19.16195313401824 | 7.543576128361999 | 3.364885143714648 |  |  | 29.96774435526217 | 16.1 |  | 63.17103620474405 |  |  | 41.84914841849148 | 41.4 |  | 30.76923076923079 | 16.3 |  |  |  |  | 12.72727272727272 | 15.6 |  | 268.421052631579
1969 | 18.50939573318501 | 6.81357117317548 | 2.959755273926344 |  |  | 45.27877178806416 | 22.1 |  | 31.21989288446825 |  |  | 27.78730703259007 | 25.6 |  | 0 | -1.1 |  |  |  |  | 6.451612903225801 | 17.1 |  | 39.28571428571428
1970 | 20.81342887473461 | 7.484076433121019 | 3.174761146496816 |  |  | 19.75686305669222 | 20.3 |  | 31.54181467064401 | 35.4 |  | 28.45637583892617 | 29.7 |  | 5.88235294117645 | -1.1 |  |  |  |  | 1.515151515151514 | 10.9 |  | -38.46153846153847
1971 | 20.97888882889693 | 8.150207872145131 | 3.247664812915069 |  |  | 22.88349256900213 | 22.7 |  | 33.82092198581561 | 33 |  | 25.70532915360504 | 28 |  | 16.66666666666667 | 10.1 |  |  |  |  | 0 | 21.8 |  | 33.33333333333335
1972 | 22.84375908228335 | 9.181507188894397 | 4.209050655634008 |  |  | 57.90994006803088 | 34.41515387155187 |  | 77.89132162967869 | 46.31103136702936 |  | 104.6550290939318 | 43.05045560662213 |  | 42.85714285714284 | 18.204927370905 |  |  |  |  | 2.985074626865658 | 4.639891399658436 |  | 100 | 53.13458162234919
1973 | 23.80859683914689 | 10.2222500699573 | 4.494300001216649 |  |  | 40.51766878087975 | 36.5297529703323 |  | 56.44563795179592 | 45.08454401929585 |  | 50.04061738424043 | 44.66573146298622 |  | 33.33333333333335 | 18.66488262354233 |  |  |  |  | 4.347826086956519 | 3.035803310185115 |  | -57.8125 | -0.7247140740271552
1974 | 22.7214935051175 | 9.88853806869954 | 3.473119874552351 |  |  | 14.8297300256713 | 30.25600116165488 |  | 11.08103881302178 | 40.32957175400318 |  | -11.2615051434759 | 34.49016775452187 |  | -12.5 | 15.53772840444183 |  |  |  |  | 12.5 | 4.180926810264429 |  | -44.44444444444445 | -17.39519118078668
1975 | 22.36891623862076 | 8.812490464323856 | 3.28535828713828 |  |  | 4.167108135025743 | 26.67291961704381 |  | -7.168113146898114 | 30.88077852187003 |  | -1.464307504575957 | 27.54343725616777 |  | -2.857142857142858 | 13.56415724960776 |  |  |  |  | 9.876543209876543 | 5.843219304819747 |  | 40 | -2.635281938483192
1976 | 23.69574822417837 | 10.47394895150053 | 4.504979097984569 | 19.7 |  | 19.70909830646392 | 26.01159338319399 |  | 42.27839335180057 | 32.49480691409368 |  | 64.1486068111455 | 34.53485630658961 |  | 61.76470588235292 | 21.23518484294991 |  |  |  |  | 12.35955056179776 | 8.33905409601423 |  | 66.66666666666666 | 1.808400232019891
1977 | 21.17414584395717 | 9.35619581845997 | 4.147118816930138 | 22.2 |  | 33.29708051524318 | 21.81274695148927 |  | 19.07195586923016 | 22.27278429957182 |  | 22.70841192003019 | 21.45214854209383 |  | 23.63636363636365 | 17.78162221565904 |  |  |  |  | 22 | 12.07329691830232 |  | 34.2857142857143 | -5.987938331728482
1978 | 21.44601638952095 | 10.37391028600993 | 4.932433560131071 | 14.6 |  | 14.57738398776134 | 16.94087259131767 |  | 27.04046872870962 | 17.28582511972856 |  | 36.27420842299416 | 19.13686483601793 |  | 35.29411764705881 | 18.12601880431084 |  |  |  |  | 20.49180327868851 | 15.34452041927676 |  | 19.14893617021278 | 15.70839049041786
1979 | 14.57476298073563 | 7.319061706538703 | 3.205758345174591 | 15.1 |  | 19.41373804583058 | 17.85996833226926 |  | -15.75052287231189 | 10.97648978331978 |  | -22.38890142115948 | 15.98678798838933 |  | -22.82608695652174 | 15.19617551987076 |  |  |  |  | 24.48979591836735 | 17.70453993611598 |  | -17.85714285714286 | 25.12189536570637
1980 | 15.63740761101949 | 7.881532675375446 | 3.662835850851244 | 1.6 |  | 6.778168603974 | 18.44498905013807 |  | 14.98408656906429 | 15.82947721238519 |  | 22.00261589885191 | 21.04967719191799 |  | 21.12676056338028 | 20.39374025860852 |  |  |  |  | 16.39344262295081 | 19.06878426822223 |  | 10.86956521739131 | 19.41810528171777
1981 | 16.54270208511854 | 8.976482909644865 | 4.552223174331144 | 14.2 |  | 14.56451739574334 | 17.40897219022614 |  | 30.48051372896368 | 13.84145487108912 |  | 42.38237045860631 | 17.65420110009002 |  | 52.32558139534886 | 18.95473154837117 |  |  |  |  | 17.37089201877935 | 20.11244339814313 |  | 80.3921568627451 | 21.32322791678671
1982 | 15.11399964358063 | 6.863618674920079 | 3.321246594922115 | 2.1 |  | 4.715605065219464 | 11.87664651858771 |  | -19.93211709800594 | 5.155068082516423 |  | -23.60076968125157 | 7.016407744373665 |  | -19.08396946564886 | 9.284706567232748 |  |  |  |  | 13.2 | 18.32739974736462 |  | 16.30434782608696 | 17.88462978889394
1983 | 16.06798886058217 | 8.794886713476323 | 4.398996774539764 | 9.8 |  | 28.76849834701427 | 14.52006497886391 |  | 65.00105977108943 | 10.79984124553928 |  | 70.55409548839246 | 11.92834073478488 |  | 44.33962264150944 | 10.70843733776161 |  |  |  |  | 10.60070671378093 | 16.31759138148263 |  | 56.07476635514017 | 24.42443829453385
1984 | 15.95188493814955 | 8.988618575144475 | 4.889422454480186 | 13.6 |  | 19.98457879782409 | 14.62934566355074 |  | 22.62757313979256 | 19.43821987612777 |  | 33.36115569823437 | 24.72719902287541 |  | 16.33986928104574 | 20.18003626221292 |  |  |  |  | 17.25239616613419 | 14.93253741233065 |  | -5.9880239520958 | 27.82869762090647
1985 | 17.35514063580037 | 9.894102881629534 | 5.010639830765086 | 5.1 |  | 12.72224380024245 | 15.87806774849179 |  | 24.07751734974466 | 21.27028357193117 |  | 15.51682634442251 | 23.37193909769322 |  | 14.6067415730337 | 18.85743212491786 |  |  |  |  | 13.62397820163488 | 14.38031554269119 |  | 76.43312101910828 | 40.27553010635081
1986 | 17.51723619823591 | 11.01614175513842 | 5.903333868318518 | 8.6 |  | 22.30814369931986 | 17.40383780414971 |  | 36.17847569598345 | 22.31140507484808 |  | 44.0985246311578 | 23.6679192901744 |  | 24.50980392156863 | 14.15961203737308 |  |  |  |  | 19.90407673860912 | 14.86983549970351 |  | 16.24548736462095 | 28.47351571234393
1987 | 17.45904858720514 | 10.86061502206409 | 5.771164968540381 | 10.3 |  | 10.85206066049043 | 18.74867340085948 |  | 9.287042777433353 | 30.16344099118835 |  | 8.370209689081708 | 32.62373054701708 |  | 9.4488188976378 | 21.26843868731196 |  |  |  |  | 40 | 19.85670131098169 |  | -14.59627329192547 | 20.77854216391499
1988 | 15.87400559815979 | 8.318712349165153 | 4.658424588441417 | 7.8 |  | 24.74628222011721 | 17.99737952680509 |  | -4.450306330837317 | 16.69104635963903 |  | 0.6939069630894856 | 19.35742692469049 |  | -2.517985611510798 | 12.1128962557643 |  |  |  |  | 14.28571428571428 | 20.64494503288426 |  | 8.000000000000007 | 12.20391115559147
1989 | 16.679221917333 | 8.91735418009171 | 4.629206639256891 | 4.5 |  | 22.43560696325142 | 18.47557471549568 |  | 31.24647490129724 | 18.28711429998364 |  | 21.66768268440724 | 17.18678106302982 |  | 19.1881918819188 | 12.65656472312251 |  |  |  |  | 15.625 | 20.30817356780983 |  | 26.26262626262626 | 19.02174769011022
1990 | 16.45655432913476 | 7.899880950631255 | 4.014241831890534 | -1.5 |  | 9.78270844489355 | 17.85111269888413 |  | -2.743536968764848 | 12.66331149345403 |  | -4.801324503311255 | 12.7394096877379 |  | -9.287925696594435 | 7.509660540455099 |  |  |  |  | 13.51351351351351 | 20.28477185945103 |  | -12 | 3.563527392315113
1991 |  |  |  | -5 |  |  |  |  | -11.51162790697675 | 3.356563158940484 |  |  |  |  | -6.825938566552892
1992 |  |  |  | 9 |  |  |  |  | 38.76478318002627 | 8.412704098868096 |  |  |  |  | 49.45054945054943
1993 |  |  |  | 11 |  |  |  |  | 43.18181818181819 | 17.54709259979521 |  |  |  |  | 28.18627450980393
1994 |  |  |  | 10.3 |  |  |  |  | 31.81216931216932 | 17.64824790444048 |  |  |  |  | 32.88718929254302
1995 |  |  |  | 1.8 |  |  |  |  | 16.50777722027092 | 21.97554094669347 |  |  |  |  | 14.38848920863311
1996 |  |  |  | 1.1 |  |  |  |  | 31.91214470284238 | 32.11510309726604 |  |  |  |  | 16.35220125786163
1997 |  |  |  | 5.3 |  |  |  |  | 19.19686581782567 | 28.15913955535063 |  |  |  |  | 16.75675675675677
1998 |  |  |  | 3.7 |  |  |  |  | 17.52944398794851 | 23.19734390304693 |  |  |  |  | 14.81481481481481
1999 |  |  |  | 3.1 |  |  |  |  | 17.10556979725004 | 20.31665615266616 |  |  |  |  | 16.93548387096775
2000 |  |  |  | 0.2 |  |  |  |  | -4.3 | 15.7 |  |  |  |  | -9
2001 |  |  |  | -9.3
2002 |  |  |  | 0.7
2003 |  |  |  | 1.2
2004 |  |  |  | 11.6
2005 |  |  |  | 2.1
2006 |  |  |  | 0.4
Restated to Reflect Continuing Operations (based on normalized data)
2002 |  |  |  | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a
2003 |  |  |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a
2004 |  |  |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a
2005 |  |  |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a
2006 |  |  |  | -0.9 |  |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a |  | n/a | n/a
2007 |  |  |  | -2.6 |  |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
2008 |  |  |  | -3.98 |  |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
2009 |  |  |  | -24.4 |  |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
2010 |  |  |  | 10.8 |  |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
2011 |  |  |  | 8.2 |  |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
1  CAGR - compound annual growth rate
2  Stock first traded in 1967; stock price is Dec 31 close
3  Gross Profit has been restated (back to 1979) to reflect a 2002 accounting change that moved shipping and handling costs from SG&A to COGS