Date: Fri, 21 Nov 1997 04:09:00 GMT Server: Apache/1.1.1 Content-type: text/html Content-length: 9125 Last-modified: Tue, 20 May 1997 15:28:29 GMT ACX Financial Data
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Highlights


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Financial Highlights

Five-Year Overview

in thousands, except per share and ratio data 1996 1995 1994 1993 1992

Summary of Operations          
Net sales $ 712,380 $ 660,853 $578,705 $ 513,037 $474,023

Gross profit $ 156,525 $ 152,824 $ 120,172 $ 98,689 $ 78,768
Marketing, general and administrative 77,947 75,071 67,311 60,886 56,055
Research and development 15,300 16,312 14,410 13,499 17,150
Asset impairment and restructuring charges (a) 34,642 2,735 - - 13,720
 
Operating income (loss) $ 28,636 $ 58,706 $ 38,451 $ 24,304 $ (8,157)
 
Income (loss) from continuing operations $ 11,409 $ 31,247 $ 19,683 $ 13,014 $ (7,412)
 
Per share of common stock from:          
Continuing operations (a) $ 0.40 $ 1.13 $ 0.74 $ 0.51 $ (0.29)
Net income (loss) (b) $ (3.21) $ 0.86 $ 0.75 $ 0.49 $ (1.34)

Financial Position          
Working capital $ 154,626 $ 168,801 $ 146,678 $ 51,845 $ 21,375
Total assets $ 676,692 $ 785,486 $ 760,290 $ 656,217 $ 631,788
Short-term debt - - $ 3,600 $ 71,000 $ 73,000
Long-term debt $ 100,000 $ 100,000 $ 108,295 - -
Shareholders' equity $ 397,903 $ 488,374 $ 457,454 $ 418,602 $ 399,980

Other Information          
Total debt to capitalization 20.1% 17.0% 19.7% 14.5% 15.4%
Net book value per share of common stock $ 14.24 $ 18.14 $ 17.19 $ 16.32 $ 15.90

(a) Asset impairment and restructuring charges of $34.6 million, $2.7 million and $13.7 million were recorded in 1996, 1995, and 1992, resulting in an additional loss per share of $.080, $0.06 and $0.34 respectively.

(b) During 1996 the Company discontinued the operations of Golden Aluminum Company. The income (loss) per share for Golden Aluminum was $(3.61), $(0.27), $0.01, $(0.02) and $(0.48) for the periods between 1996 and 1992, respectively. In 1992, the Company adopted the accounting standards related to postretirement benefits and income taxes which increased the 1992 loss per share by $0.57

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