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Exhibit 1

EXHIBIT 1
EASTBORO MACHINE TOOLS CORPORATION
Consolidated Income Statements ( in thousand dollars, except per share data)
For the Years Ended December 31,
1998

1999

858,263 $
540,747
317,516

815,979 $
501,458
314,522

Research & development


Selling, general, & administrative
Restructuring costs
Operating profit (loss)

77,678
229,971
65,448
(55,581)

70,545
223,634
0
20,343

75,417
231,008
89,411
(138,077)

Other income (expense)


Income (loss) before taxes
Income taxes (benefit)

(4,500)
(60,081)
1,241

1,065
21,408
8,415

(3,458)
(141,534)
(750)

($61,322)

$12,993

($140,784)

($3.25)
$0.77

$0.69
$0.25

($7.57)
$0.25

Net sales
Cost of sales
Gross profit

Net income (loss)

Earnings (loss) per share


Dividends per share

Page 1

2000
756,638
498,879
257,759

Exhibit 1

December 31,
Projected
2001
$

870,000
549,750
320,250
77,250
211,500
0
31,500
(4,200)
27,300
9,282
$18,018

$0.98
$0.39

Page 2

Exhibit 2

EXHIBIT 2
EASTBORO MACHINE TOOLS CORPORATION
Consolidated Balance Sheets ( in thousand dollars)
December 31st
1999
Cash & equivalents
Accounts receivable
Inventories
Prepaid expenses
Other
Total Current Assets

2000

Projected
2001

13,917 $
208,541
230,342
14,259
22,184
489,242

22,230 $
187,235
203,888
13,016
20,714
447,082

25,665
217,510
217,221
15,011
21,000
496,407

327,603
167,414
160,190
9,429
15,723

358,841
183,486
175,355
2,099
17,688

410,988
205,530
205,458
1,515
17,969

$674,583

$642,223

$721,350

34,196
36,449
300
129,374
200,318

71,345
34,239
150
161,633
267,367

74,981
37,527
1,515
183,014
297,037

Deferred taxes
Long-term debt
Deferred pension costs
Other liabilities
Total Liabilities

16,986
9,000
44,790
2,318
273,411

13,769
8,775
64,329
5,444
359,683

16,526
30,021
70,134
7,505
421,224

Common stock, $1 par value


Capital in excess of par
Cumulative translation adjustment
Retained earnings

18,855
107,874
(6,566)
291,498

18,855
107,907
20,208
146,065

18,835
107,889
26,990
156,875

Property, plant, & equipment


Less depreciation
Net property, plant, & equipment
Intangible assets
Other assets
Total assets

Bank loans
Accounts payable
Current portion of long-term debt
Accruals and other
Total Current Liabilities

Page 3

Exhibit 2

Less treasury stock at cost:


1986--256,151, 1987--255,506
Total shareholders' equity
Total Liabilities & Equity

Page 4

(10,490)
401,172

(10,494)
282,541

(10,464)
300,126

$674,583

$642,223

$721,350

Exhibit 2

Page 5

Exhibit 2

Page 6

Exhibit 5

EXHIBIT 5
EASTBORO MACHINE TOOLS CORPORATION
Per Share Financial & Stock Data*

Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000

Sales /
Share
$14.52 $
16.00
22.25
25.64
27.19
30.06
31.66
37.71
40.69
48.23
43.59
42.87
41.48
46.01
43.88
40.68

EPS~
0.45
0.74
0.89
1.59
2.29
2.59
2.61
2.69
2.56
3.58
2.79
0.65
0.35
(3.29)
0.70
(7.57)

DPS~
$0.18
0.22
0.27
0.31
0.40
0.57
0.72
0.81
0.86
0.92
1.03
1.03
1.03
0.77
0.25
0.25

CPS~
$0.97
1.29
1.43
2.05
2.83
3.25
3.34
3.60
3.62
4.81
4.25
2.23
2.00
2.86
1.99
-0.97

High

-----Stock Price----Low

$20.37
21.11
21.23
18.50
22.48
23.84
26.70
29.43
39.74
40.98
38.74
47.19
40.23
30.75
71.88
39.88

$9.69
10.18
8.20
10.18
12.17
18.01
18.25
19.50
20.12
27.32
21.36
29.55
26.82
22.13
50.74
18.38

*Adjusted for 3-for-2 stock split in January 1991 and 50 percent stock dividend in June 1993.
~ EPS: Earnings Per Share;CPS: Cash earnings per Share; DPS: Dividend per Share

Page 7

Exhibit 5

Stock Price----Avg.
$14.48
14.85
13.50
13.35
18.36
21.00
22.73
24.23
29.48
33.98
31.82
36.81
31.26
26.45
61.33
29.15

Avg.
P/E

Payout
Ratio

32.4
20.2
15.1
8.4
8.0
8.1
8.7
9.0
11.5
9.5
11.4
57.0
89.9
NMF
88.2
NMF

40%
30%
30%
19%
17%
22%
27%
30%
34%
26%
37%
160%
297%
NMF
35%
NMF

Avg.
Yield
1.2%
1.5
2.0
2.3
2.2
2.7
3.1
3.4
2.9
2.7
3.2
2.8
3.3
2.9
0.4
0.9

Page 8

Shares
Outstanding
(Millions)
15.49
15.58
16.04
17.87
18.08
18.39
18.76
18.76
18.78
18.88
18.66
18.66
18.66
18.85
18.85
18.60

Exhibit 8

EXHIBIT 8
EASTBORO MACHINE TOOLS CORPORATION
Projected Sources and Uses Statement ( in million dollars)
Assumptions:
1. Sales Growth Rate:
2. Net Income as % of Sales
3. Dividend Payout Ratio

2001

2002

2003

2004

2005

15%
2.1%
20.0%

15%
4.0%
20.0%

15%
5.0%
20.0%

15%
5.5%
20.0%

15%
6.0%
20.0%

2001

2002

2003

2004

2005

Projections

Sales
Sources:
Net income
Depreciation

870

1,001

1,151

1,323

1,522

18
23
41

40
26
66

58
30
88

73
35
107

91
41
132

44
20
63

50
22
73

58
26
83

66
30
96

68
34
102

Excess cash/(Borrowing needs)


Dividend

(23)
4

(7)
8

4
12

12
15

29
18

After dividend
Excess cash/(Borrowing needs)

(26)

(15)

(7)

(3)

11

Uses:
Capital expend.
Change in Working capital

*Ignoring the effects of borrowings on interest and amortization.


Div. per Share

0.19

0.43

0.62

0.78

0.98

E=NI-Div.
D

297
107

329
121.86

375
129.16

433
132.19

506
121.07

D/E

0.36

0.37

0.34

0.31

0.24

Page 9

Exhibit 8

2006

2007

15%
5.6%
20.0%

15%
8.0%
20.0%

2007

Total
2001-07

2,013

9,630

98
47
145

160
53
213

538
252
790

79
39
117

91
44
135

456
214
670

27
20

78
32

120
108

46

12

1.05

1.72

585
113.44

713
67.80

3,238
792

0.19

0.10

2006
$

1,750

CAGR

Page 10

44%

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