|
|
 |
 |
Annual Report
for the Fiscal Year Ended 1/31/2008
Financial Highlights |
|
| Letter to Shareholders | Directors & Officers |
| |
| |
2008 |
2007 |
2006 |
| Net Sales |
$106,867,849 |
$93,505,504 |
$87,687,053 |
| Income from operations |
17,597,491 |
9,757,075 |
9,662,604 |
| Net income |
11,906,165 |
6,926,804 |
7,313,284 |
Earnings per share,
basic (a) |
.79 |
.46 |
.49 |
Earnings per share,
diluted (a) |
.78 |
.46 |
.48 |
| Working capital |
51,244,339 |
44,438,960 |
39,051,460 |
Net cash flows from
operating activities |
9,875,144 |
3,900,152 |
4,441,414 |
Total shareholders'
equity |
83,243,168 |
72,313,132 |
67,538,238 |
| Equity per share (a) |
5.56 |
4.84 |
4.53 |
Return on average
shareholders' equity, % |
15.3 |
9.9 |
11.2 |
| Curent ratio |
4.0 |
4.1 |
3.7 |
Common shares
outstanding (a) |
15,039,030 |
14,953,658 |
14,929,480 |
Cash dividend paid per
share (a) |
.207 |
.191 |
.178 |
|
|
|
| (a) |
All references to per share amounts and shares outstanding have been restated to reflect the effect of the four-for-three stock split effective November 14, 2007. |
 |
 |
 |
 |
| (a) |
All references to per share amounts and shares outstanding have been restated to reflect the effect of the four-for-three stock split effective November 14, 2007. |
| (b) |
Excludes $3.5 million gain on sale of property. |
| |
|
| Corporate Highlights |
| • |
Record sales of $106.9 million |
| • |
Record net income of $11.9 million ($9.7 million excluding net gain on sale of property) |
| • |
Income from operations increased 44%, excluding gain on sale
of property |
| • |
International sales increased 34% |
| • |
A 4-for-3 stock split was paid by the Company on November 14, 2007 |
| • |
9% increase in quarterly cash dividend |
| • |
Recognized for the second consecutive year as one of America's "200 Best Small Companies" by Forbes magazine |
|
|
|
|
