April 25, 2006
via facsimile, overnight mail and EDGAR
Mr. Ernest Greene
Division of Corporation Finance
United States Securities and Exchange Commission
100 F Street, N.E., Stop 7010
Washington, DC 20549-7010
Re: |
| Quixote Corp. |
|
| Form 10-K for Fiscal Year Ended June 30, 2005 |
|
| Form 10-Q for Fiscal Quarter Ended September 30, 2005 |
|
| File No. 1-8123 |
Dear Mr. Greene:
We are submitting this letter in response to the comment received from the Staff of the Securities and Exchange Commission by letter to Quixote Corporation (the “Company” or “Quixote” or “we”) dated April 14, 2006. The numbered comments in your letter have been incorporated in their entirety in the corresponding paragraph numbers below.
FORM 10-K FOR THE YEAR ENDED JUNE 30, 2005
Comment
Financial Statements
Note 16, Industry Segments, page 48
1. We appreciate the information you have provided to us concerning your segment reporting. However in order for us to better understand your assessment of the economic characteristics of your various operating segments we request that you provide us with additional information and analysis.
Please provide us with the actual sales and Operating Profit Reports, and the Key Summary Factors Report (for each individual operating segment for the entire company). The information we are requesting is copies of the actual reports used in the monthly meetings. If not already in such reports, please provide this to us on a year-to-year basis for 2003, 2004 and 2005. We would also appreciate a more in-depth analysis of the trends based on actual information in those reports. We hope that you appreciate that in order for us to fully understand your analysis we will be required to examine actual activity in your operating segments over time.
Response
1. Reports
The Flash Reports for fiscal 2003, 2004 and 2005 are attached as Exhibit A. The reports attached present the actual quarterly data for each legal entity for the three fiscal years. These reports are compiled by legal entity to facilitate our consolidation process.
The Key Summary Factors Report began to be used as a management tool during fiscal 2005. The results reviewed include a focus on sales and operating profit excluding corporate allocations. The Key Summary Factors Report for June 2005 is attached as Exhibit B.
A summary of the sales, gross margin and operating profit by operating segment for fiscal years 2002, 2003, 2004 and 2005 and for fiscal 2006 through March 31, 2006 is attached as Exhibit C.
Economic Characteristics
As you know the Company currently reports in two reporting segments: the Protect and Direct segment and the Inform segment. We believe that the Protect and Direct segment has stronger and more resilient economic characteristics as a result of their leadership position in the market, strong patent protection and that its products are federally mandated in many cases. The Inform segment tends to have less favorable economic characteristics as spending for the products is discretionary and in many cases sold in a more competitive environment.
When we acquired U.S. Traffic Corporation (UST) and Peek Traffic (Peek) in calendar 2003, we believed they had the same economic characteristics as the rest of the Inform segment. As discussed in our previous letter, we also believed the products we acquired through the acquisitions of UST and Peek were an important addition to the Inform segment.
Shortly after the acquisitions of UST and Peek, two significant events occurred that adversely affected both of our segments. They were the expiration of federal funding legislation, known as SAFETEA which expired in September 2003, and a decline in general economic conditions which resulted in budget shortfalls for many states and municipalities.
2
A sizable portion of our sales are ultimately financed by funds provided to the states by the federal government through the federal highway funding bill. When the prior six year federal highway bill, SAFETEA, expired in September 2003, we expected a new bill to be passed within several months after the expiration of the old bill consistent with the past. This time, the new bill known as SAFETEA-LU was not enacted until almost two years later in August 2005. This was unprecedented. In addition, at the same time the federal highway bill was delayed, many states and municipalities were suffering from budget constraints given weak state and local economies. Such budget constraints adversely affected the ability of the states to fund highway and infrastructure projects and therefore reduced the demand for our products.
Sales and profitability trends for the period of time that SAFETEA was in effect, from approximately 1997 to 2003, the Company saw increasing sales and profitability across most major product lines. This is partially shown by the sales and profitability growth from 2002 to 2003 on Exhibit C.
We believe sales and profitability of our business units for fiscal 2004 and 2005 were adversely affected by the negative market forces as described above. Excluding the effect of acquisitions, the operating segments generally performed below their historic, and pre-acquisition, levels in fiscal 2004 and 2005. Sales growth and operating profit generally decreased over these two years across most operating segments as shown on Exhibit C. Revenues for our Inform operating segments declined substantially more than those of our Protect and Direct segment. We believe that sales in the Inform segment were adversely affected more than sales in the Protect and Direct segment during this period because spending by governmental agencies on Inform products is primarily discretionary. Sales within our Protect and Direct segment were less affected as many of those products are federally mandated.
General economic trends for the past two years for operating segments within the Inform segment appear to be similar. However, we believe the unusual adverse economic conditions in the short period of time make analysis particularly difficult. In addition, we do not believe that the sales growth and profitability for the operating segments for fiscal 2004 and 2005 are indicative of the inherent and potential gross profit margins that our Inform products can achieve.
Current Management Plans
We believe that the signing of the new highway bill in August 2005, along with improved state and municipal budgets, were important events which would return the company to historic growth and profitability levels in fiscal 2006, particularly in the second half. Performance in our Protect and Direct Group has improved with increasing sales and profitability during fiscal 2006. In the Inform segment, we are seeing a similar rebound in sales and profitability to expected levels for most of our operating segments, with the exception of our UST/Peek operating segment, collectively Quixote Traffic Corporation (QTC). The QTC operating segment continues to suffer large losses with sales levels
3
remaining substantially below break-even levels. While QTC sales in fiscal 2006 are improving, they are still far below historical, pre-acquisition levels. Profitability for QTC, after adjusting for one-time items, has not improved in fiscal 2006.
Due to results below expectations, management evaluated several strategic options to rationalize the QTC operating segment during the third quarter. At a meeting with the Board of Directors today, April 25, the Company decided to undertake a restructuring plan to improve the profitability of QTC. This plan includes the closing of the manufacturing operations of two QTC west coast facilities and the transfer of certain product lines to east coast QTC facilities. The plan also includes the decision to dispose of certain product lines including portable and fixed variable message signs, illuminated transportation signage and tunnel lighting. This plan will result in restructuring charges over the next several months. We expect the cash portion of the charges to be between $7 million and $9 million and to result in approximately $6 million to $7 million in annualized cost savings.
At the time of the acquisitions of UST and Peek in calendar 2003, management’s clear intent was to manage and operate these acquisitions within the rest of the Inform segment. We also believed that the economic trends within QTC were similar to the other Inform operating segments. This does not appear to be the case in fiscal 2006 after the market rebounded. After our restructuring efforts, the profitability of the QTC operating segment may return to levels consistent with other operating segments within the Inform segment. However, until these efforts are complete and we have a few years of normalized history to evaluate, the sales growth and profitability of the QTC operating segment appears to currently show a different economic trend from the rest of the operating segments.
As a result, we plan to present the QTC operating segment as a separate reportable segment beginning with the third quarter ended March 31, 2006. Additional considerations include the following:
• Disclosing the sales and profitability of the QTC operating segment separately may be more meaningful for investors to monitor the progress of the restructuring plan.
• Separate disclosure of the results of the QTC operating segment would more clearly present that the results of the remaining segment which may also be more meaningful for investors.
We would like to begin to discuss our business in three segments: Protect and Direct; Inform (HIS, NMI and SSI); and Intersection Control (QTC); at our conference call to discuss earnings for the third quarter ending March 31, 2006 on Thursday, April 27. An example of the draft of the financial data we plan to include in our March 31, 2006 Form 10-Q is attached as Exhibit D.
4
We look forward to discussing this letter with you on Wednesday, April 26. I can be reached at (312)705-8400.
Sincerely,
Daniel P. Gorey
Vice President, Chief Financial Officer and Treasurer
5
EXHIBIT A
QUIXOTE CORPORATION
SALES BY COMPANY
FISCAL 2005
RUNNING FORECAST
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2005 |
|
NET SALES |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,014 |
| $5,828 |
| $6,515 |
| $18,357 |
| $4,896 |
| $5,655 |
| $4,707 |
| $15,258 |
| $5,375 |
| $5,576 |
| $7,468 |
| $18,419 |
| $6,236 |
| $6,624 |
| $8,069 |
| $20,929 |
| $72,963 |
|
ENERGY - EUROPE |
|
|
| 21 |
| 18 |
| 39 |
|
|
| 8 |
| 14 |
| 22 |
| (3 | ) | 1 |
|
|
|
|
| (2 | ) | (1 | ) |
|
| (1 | ) | 58 |
|
ENERGY - AUSTRALIA |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
|
|
| 0 |
|
|
|
|
| 0 |
| 0 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
|
|
| 0 |
|
|
| 554 |
| 554 |
| 554 |
|
SUB TOTAL |
| 6,014 |
| 5,849 |
| 6,533 |
| 18,396 |
| 4,896 |
| 5,663 |
| 4,721 |
| 15,280 |
| 5,372 |
| 5,577 |
| 7,468 |
| 18,417 |
| 6,236 |
| 6,623 |
| 8,623 |
| 21,482 |
| 73,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 395 |
| 352 |
| 588 |
| 1,335 |
| 439 |
| 257 |
| 330 |
| 1,026 |
| 477 |
| 502 |
| 454 |
| 1,433 |
| 416 |
| 410 |
| 636 |
| 1,462 |
| 5,256 |
|
HIGHWAY INFORMATION |
| 127 |
| 213 |
| 458 |
| 798 |
| 507 |
| 170 |
| 114 |
| 791 |
| 235 |
| 240 |
| 297 |
| 772 |
| 234 |
| 917 |
| 751 |
| 1,902 |
| 4,263 |
|
SURFACE SYSTEMS |
| 621 |
| 1,333 |
| 1,134 |
| 3,088 |
| 1,185 |
| 1,233 |
| 811 |
| 3,229 |
| 635 |
| 669 |
| 716 |
| 2,020 |
| 805 |
| 843 |
| 1,659 |
| 3,307 |
| 11,644 |
|
PEEK |
| 2,074 |
| 2,611 |
| 2,844 |
| 7,529 |
| 2,568 |
| 2,353 |
| 2,650 |
| 7,571 |
| 2,193 |
| 2,319 |
| 2,517 |
| 7,029 |
| 2,247 |
| 1,775 |
| 2,538 |
| 6,560 |
| 28,689 |
|
US TRAFFIC |
| 2,282 |
| 1,721 |
| 2,838 |
| 6,841 |
| 2,152 |
| 1,834 |
| 1,564 |
| 5,550 |
| 1,140 |
| 1,653 |
| 2,488 |
| 5,281 |
| 1,356 |
| 1,715 |
| 2,183 |
| 5,254 |
| 22,926 |
|
SUB TOTAL |
| 5,499 |
| 6,230 |
| 7,862 |
| 19,591 |
| 6,851 |
| 5,847 |
| 5,469 |
| 18,167 |
| 4,680 |
| 5,383 |
| 6,472 |
| 16,535 |
| 5,058 |
| 5,660 |
| 7,767 |
| 18,485 |
| 72,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $11,513 |
| $12,079 |
| $14,395 |
| $37,987 |
| $11,747 |
| $11,510 |
| $10,190 |
| $33,447 |
| $10,052 |
| $10,960 |
| $13,940 |
| $34,952 |
| $11,294 |
| $12,283 |
| $16,390 |
| $39,967 |
| $146,353 |
|
ORIGINAL BUDGET
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2004 |
|
NET SALES |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,233 |
| $7,256 |
| $6,455 |
| $19,944 |
| $6,229 |
| $5,381 |
| $5,822 |
| $17,432 |
| $5,169 |
| $5,107 |
| $7,773 |
| $18,049 |
| $7,410 |
| $8,397 |
| $8,768 |
| $24,575 |
| $80,000 |
|
ENERGY - EUROPE |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
ENERGY - AUSTRALIA |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SUB TOTAL |
| 6,233 |
| 7,256 |
| 6,455 |
| 19,944 |
| 6,229 |
| 5,381 |
| 5,822 |
| 17,432 |
| 5,169 |
| 5,107 |
| 7,773 |
| 18,049 |
| 7,410 |
| 8,397 |
| 8,768 |
| 24,575 |
| 80,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 517 |
| 522 |
| 507 |
| 1,546 |
| 485 |
| 555 |
| 550 |
| 1,590 |
| 537 |
| 484 |
| 550 |
| 1,571 |
| 524 |
| 525 |
| 544 |
| 1,593 |
| 6,300 |
|
HIGHWAY INFORMATION |
| 385 |
| 405 |
| 410 |
| 1,200 |
| 390 |
| 290 |
| 300 |
| 980 |
| 275 |
| 290 |
| 315 |
| 880 |
| 360 |
| 375 |
| 405 |
| 1,140 |
| 4,200 |
|
SURFACE SYSTEMS |
| 599 |
| 809 |
| 1,019 |
| 2,427 |
| 959 |
| 1,024 |
| 1,160 |
| 3,143 |
| 784 |
| 874 |
| 879 |
| 2,537 |
| 839 |
| 958 |
| 1,596 |
| 3,393 |
| 11,500 |
|
PEEK |
| 2,242 |
| 2,703 |
| 2,650 |
| 7,595 |
| 2,708 |
| 2,634 |
| 2,377 |
| 7,719 |
| 2,677 |
| 2,809 |
| 2,988 |
| 8,474 |
| 3,176 |
| 3,203 |
| 3,071 |
| 9,450 |
| 33,238 |
|
US TRAFFIC |
| 2,200 |
| 2,225 |
| 2,300 |
| 6,725 |
| 2,350 |
| 2,400 |
| 2,650 |
| 7,400 |
| 3,115 |
| 3,140 |
| 3,395 |
| 9,650 |
| 3,140 |
| 3,165 |
| 3,420 |
| 9,725 |
| 33,500 |
|
SUB TOTAL |
| 5,943 |
| 6,664 |
| 6,886 |
| 19,493 |
| 6,892 |
| 6,903 |
| 7,037 |
| 20,832 |
| 7,388 |
| 7,597 |
| 8,127 |
| 23,112 |
| 8,039 |
| 8,226 |
| 9,036 |
| 25,301 |
| 88,738 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $12,176 |
| $13,920 |
| $13,341 |
| $39,437 |
| $13,121 |
| $12,284 |
| $12,859 |
| $38,264 |
| $12,557 |
| $12,704 |
| $15,900 |
| $41,161 |
| $15,449 |
| $16,623 |
| $17,804 |
| $49,876 |
| $168,738 |
|
QUIXOTE CORPORATION
EARNINGS BBEFORE TAXES AND CORPORATE FEE
2005
RUNNING FORECAST
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2005 |
|
NET EARNINGS |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,098 |
| $918 |
| $963 |
| $2,979 |
| $9 |
| $697 |
| $275 |
| $981 |
| $1,029 |
| $949 |
| $1,452 |
| $3,430 |
| $816 |
| $1,449 |
| $3,014 |
| $5,279 |
| $12,669 |
|
ENERGY - EUROPE |
|
|
| 4 |
| 13 |
| 17 |
| (3 | ) | 3 |
| 69 |
| 69 |
| (4 | ) | 1 |
| (7 | ) | (10 | ) |
|
| (2 | ) | (78 | ) | (80 | ) | (4 | ) |
ENERGY - AL |
| 159 |
| 181 |
| 188 |
| 528 |
| 100 |
| 169 |
| 206 |
| 475 |
| 123 |
| 126 |
| 193 |
| 442 |
| 184 |
| 196 |
| 181 |
| 561 |
| 2,006 |
|
SPIN-CAST PLASTICS |
| (79 | ) | (161 | ) | (68 | ) | (308 | ) | 15 |
| (102 | ) | (124 | ) | (211 | ) | 105 |
| (33 | ) | 87 |
| 159 |
| 74 |
| 64 |
| 410 |
| 548 |
| 188 |
|
SUBTOTAL |
| 1,178 |
| 942 |
| 1,096 |
| 3,216 |
| 121 |
| 767 |
| 426 |
| 1,314 |
| 1,253 |
| 1,043 |
| 1,725 |
| 4,021 |
| 1,074 |
| 1,707 |
| 3,527 |
| 6,308 |
| 14,859 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 127 |
| 9 |
| 69 |
| 205 |
| 101 |
| (51 | ) | (5 | ) | 45 |
| 89 |
| 146 |
| 51 |
| 286 |
| (30 | ) | (5 | ) | 116 |
| 81 |
| 617 |
|
HIGHWAY INFORMATION |
| (130 | ) | (63 | ) | 304 |
| 111 |
| 255 |
| (28 | ) | (12 | ) | 215 |
| 5 |
| 12 |
| 101 |
| 118 |
| (2 | ) | 332 |
| 201 |
| 531 |
| 975 |
|
SURFACE SYSTEMS |
| (249 | ) | 2 |
| (68 | ) | (315 | ) | 117 |
| 111 |
| 16 |
| 244 |
| (180 | ) | (189 | ) | (44 | ) | (413 | ) | (53 | ) | (94 | ) | 190 |
| 43 |
| (441 | ) |
PEEK |
| 153 |
| 288 |
| 404 |
| 845 |
| 333 |
| 224 |
| 260 |
| 817 |
| 55 |
| 97 |
| 344 |
| 496 |
| 171 |
| (64 | ) | 502 |
| 609 |
| 2,767 |
|
US TRAFFIC |
| (572 | ) | (767 | ) | (527 | ) | (1,866 | ) | (754 | ) | (750 | ) | (710 | ) | (2,214 | ) | (1,054 | ) | (811 | ) | (557 | ) | (2,422 | ) | (1,153 | ) | (839 | ) | 4 |
| (1,988 | ) | (8,490 | ) |
SUBTOTAL |
| (671 | ) | (531 | ) | 182 |
| (1,020 | ) | 52 |
| (494 | ) | (451 | ) | (893 | ) | (1,085 | ) | (745 | ) | (105 | ) | (1,935 | ) | (1,067 | ) | (670 | ) | 1,013 |
| (724 | ) | (4,572 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (572 | ) | (807 | ) | (680 | ) | (2,059 | ) | (550 | ) | (724 | ) | (580 | ) | (1,854 | ) | (606 | ) | (790 | ) | (921 | ) | (2,317 | ) | (722 | ) | (713 | ) | (455 | ) | (1,890 | ) | (8,120 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
| 560 |
| 560 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| (560 | ) | (560 | ) | 0 |
|
INTEREST INC. (EXP.) |
| (213 | ) | (196 | ) | (149 | ) | (558 | ) | (281 | ) | (262 | ) | (260 | ) | (803 | ) | (275 | ) | 63 |
| (752 | ) | (964 | ) | (345 | ) | (350 | ) | (244 | ) | (939 | ) | (3,264 | ) |
SUB-TOTAL |
| (785 | ) | (1,003 | ) | (829 | ) | (2,617 | ) | (831 | ) | (986 | ) | (280 | ) | (2,097 | ) | (881 | ) | (727 | ) | (1,673 | ) | (3,281 | ) | (1,067 | ) | (1,063 | ) | (1,259 | ) | (3,389 | ) | (11,384 | ) |
|
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|
|
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|
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|
|
|
|
|
|
|
|
EARNINGS B/4 TAXES |
| (278 | ) | (592 | ) | 449 |
| (421 | ) | (658 | ) | (713 | ) | (305 | ) | (1,676 | ) | (713 | ) | (429 | ) | (53 | ) | (1,195 | ) | (1,060 | ) | (26 | ) | 3,281 |
| 2,195 |
| (1,097 | ) |
INCOME TAXES |
| (100 | ) | (213 | ) | 153 |
| (160 | ) | (250 | ) | (271 | ) | (116 | ) | (637 | ) | (271 | ) | (163 | ) | (20 | ) | (454 | ) | (403 | ) | (10 | ) | 1,217 |
| 804 |
| (447 | ) |
NET EARNINGS |
| (178 | ) | (379 | ) | 296 |
| (261 | ) | (408 | ) | (442 | ) | (189 | ) | (1,039 | ) | (442 | ) | (266 | ) | (33 | ) | (741 | ) | (657 | ) | (16 | ) | 2,064 |
| 1,391 |
| (650 | ) |
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|
EARNINGS PER SHARE: |
| $(0.020 | ) | $(0.043 | ) | $0.034 |
| $(0.030 | ) | $(0.046 | ) | $(0.050 | ) | $(0.021 | ) | $(0.117 | ) | $(0.050 | ) | $(0.030 | ) | $(0.004 | ) | $(0.084 | ) | $(0.074 | ) | $(0.002 | ) | $0.233 |
| $0.157 |
| $(0.073 | ) |
OPERATING MARGINS
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2005 |
|
|
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
|
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|
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|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| 18 | % | 16 | % | 15 | % | 16 | % | 0 | % | 12 | % | 6 | % | 6 | % | 19 | % | 17 | % | 19 | % | 19 | % | 13 | % | 22 | % | 37 | % | 25 | % | 17 | % |
ENERGY - AUSTRALIA |
| — |
| 19 | % | 72 | % | 44 | % | — |
| 38 | % | 493 | % | 314 | % | 133 | % | 100 | % | — |
| 500 | % | — |
| 200 | % | — |
| 8000 | % | -7 | % |
ENERGY - EUROPE |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
|
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|
|
SUBTOTAL |
| 20 | % | 16 | % | 17 | % | 17 | % | 2 | % | 14 | % | 9 | % | 9 | % | 23 | % | 19 | % | 23 | % | 22 | % | 17 | % | 26 | % | 41 | % | 29 | % | 20 | % |
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|
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|
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|
|
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|
|
NU-METRICS |
| 32 | % | 3 | % | 12 | % | 15 | % | 23 | % | -20 | % | -2 | % | 4 | % | 19 | % | 29 | % | 11 | % | 20 | % | -7 | % | -1 | % | 18 | % | 6 | % | 12 | % |
HIGHWAY INFORMATION |
| -102 | % | -30 | % | 66 | % | 14 | % | 50 | % | -16 | % | -11 | % | 27 | % | 2 | % | 5 | % | 34 | % | 15 | % | -1 | % | 36 | % | 27 | % | 28 | % | 23 | % |
SURFACE SYSTEMS |
| -40 | % | 0 | % | -6 | % | -10 | % | 10 | % | 9 | % | 2 | % | 8 | % | -28 | % | -28 | % | -6 | % | -20 | % | -7 | % | -11 | % | 11 | % | 1 | % | -4 | % |
PEEK |
| 7 | % | 11 | % | 14 | % | 11 | % | 13 | % | 10 | % | 10 | % | 11 | % | 3 | % | 4 | % | 14 | % | 7 | % | 8 | % | -4 | % | 20 | % | 9 | % | 10 | % |
US TRAFFIC |
| -25 | % | -45 | % | -19 | % | -27 | % | -35 | % | -41 | % | -45 | % | -40 | % | -92 | % | -49 | % | -22 | % | -46 | % | -85 | % | -49 | % | 0 | % | -38 | % | -37 | % |
SUBTOTAL |
| -12 | % | -9 | % | 2 | % | -5 | % | 1 | % | -8 | % | -8 | % | -5 | % | -23 | % | -14 | % | -2 | % | -12 | % | -21 | % | -12 | % | 13 | % | -4 | % | -6 | % |
ORIGINAL BUDGET
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2005 |
|
|
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,035 |
| $1,736 |
| $1,184 |
| $3,955 |
| $1,073 |
| $543 |
| $959 |
| $2,575 |
| $360 |
| $308 |
| $2,177 |
| $2,845 |
| $1,751 |
| $2,436 |
| $2,751 |
| $6,938 |
| $16,313 |
|
ENERGY - EUROPE |
| 3 |
| 3 |
| 3 |
| 9 |
| 3 |
| 3 |
| 3 |
| 9 |
| 3 |
| 3 |
| 3 |
| 9 |
| 3 |
| 3 |
| 3 |
| 9 |
| 36 |
|
ENERGY - AL |
| 181 |
| 198 |
| 186 |
| 565 |
| 194 |
| 179 |
| 186 |
| 559 |
| 171 |
| 170 |
| 216 |
| 557 |
| 207 |
| 225 |
| 231 |
| 663 |
| 2,344 |
|
SPIN-CAST PLASTICS |
| 8 |
| 39 |
| 47 |
| 94 |
| 41 |
| (12 | ) | 10 |
| 39 |
| (18 | ) | (9 | ) | 108 |
| 81 |
| 95 |
| 91 |
| 107 |
| 293 |
| 507 |
|
SUBTOTAL |
| 1,227 |
| 1,976 |
| 1,420 |
| 4,623 |
| 1,311 |
| 713 |
| 1,158 |
| 3,182 |
| 516 |
| 472 |
| 2,504 |
| 3,492 |
| 2,056 |
| 2,755 |
| 3,092 |
| 7,903 |
| 19,200 |
|
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|
|
|
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|
|
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|
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|
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|
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|
|
|
|
|
|
|
|
|
NU-METRICS |
| 80 |
| 76 |
| 68 |
| 224 |
| 15 |
| 92 |
| 72 |
| 179 |
| 94 |
| 59 |
| 87 |
| 240 |
| 22 |
| 56 |
| 79 |
| 157 |
| 800 |
|
HIGHWAY INFORMATION |
| 79 |
| 99 |
| 91 |
| 269 |
| 64 |
| 10 |
| 15 |
| 89 |
| (5 | ) | 12 |
| 25 |
| 32 |
| 53 |
| 68 |
| 89 |
| 210 |
| 600 |
|
SURFACE SYSTEMS |
| (125 | ) | (3 | ) | 44 |
| (84 | ) | 85 |
| 171 |
| 241 |
| 497 |
| 43 |
| 100 |
| 67 |
| 210 |
| 34 |
| 84 |
| 359 |
| 477 |
| 1,100 |
|
PEEK |
| 71 |
| 176 |
| 93 |
| 340 |
| 125 |
| 122 |
| (9 | ) | 238 |
| 221 |
| 354 |
| 389 |
| 964 |
| 521 |
| 521 |
| 434 |
| 1,476 |
| 3,018 |
|
US TRAFFIC |
| (899 | ) | (938 | ) | (876 | ) | (2,713 | ) | (693 | ) | (554 | ) | (496 | ) | (1,743 | ) | (193 | ) | (182 | ) | (153 | ) | (528 | ) | (142 | ) | (141 | ) | 28 |
| (255 | ) | (5,239 | ) |
SUBTOTAL |
| (794 | ) | (590 | ) | (580 | ) | (1,964 | ) | (404 | ) | (159 | ) | (177 | ) | (740 | ) | 160 |
| 343 |
| 415 |
| 918 |
| 488 |
| 588 |
| 989 |
| 2,065 |
| 279 |
|
|
|
|
|
|
|
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|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
CORPORATE |
| (591 | ) | (600 | ) | (688 | ) | (1,879 | ) | (585 | ) | (583 | ) | (686 | ) | (1,854 | ) | (645 | ) | (600 | ) | (646 | ) | (1,891 | ) | (598 | ) | (601 | ) | (645 | ) | (1,844 | ) | (7,468 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
INTEREST INC. (EXP.) |
| (211 | ) | (211 | ) | (212 | ) | (634 | ) | (206 | ) | (206 | ) | (206 | ) | (618 | ) | (206 | ) | (206 | ) | (206 | ) | (618 | ) | (201 | ) | (201 | ) | (201 | ) | (603 | ) | (2,473 | ) |
SUB-TOTAL |
| (802 | ) | (811 | ) | (900 | ) | (2,513 | ) | (791 | ) | (789 | ) | (892 | ) | (2,472 | ) | (851 | ) | (806 | ) | (852 | ) | (2,509 | ) | (799 | ) | (802 | ) | (846 | ) | (2,447 | ) | (9,941 | ) |
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|
|
|
|
|
|
|
|
|
|
EARNINGS B/4 TAXES |
| (369 | ) | 575 |
| (60 | ) | 146 |
| 116 |
| (235 | ) | 89 |
| (30 | ) | (175 | ) | 9 |
| 2,067 |
| 1,901 |
| 1,745 |
| 2,541 |
| 3,235 |
| 7,521 |
| 9,538 |
|
INCOME TAXES |
| (140 | ) | 219 |
| (23 | ) | 56 |
| 44 |
| (89 | ) | 34 |
| (11 | ) | (67 | ) | 3 |
| 785 |
| 721 |
| 663 |
| 966 |
| 1,229 |
| 2,858 |
| 3,624 |
|
NET EARNINGS |
| (229 | ) | 356 |
| (37 | ) | 90 |
| 72 |
| (146 | ) | 55 |
| (19 | ) | (108 | ) | 6 |
| 1,282 |
| 1,180 |
| 1,082 |
| 1,575 |
| 2,006 |
| 4,663 |
| 5,914 |
|
|
|
|
|
|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE: |
| $(0.026 | ) | $0.040 |
| $(0.004 | ) | $0.010 |
| $0.008 |
| $(0.016 | ) | $0.006 |
| $(0.002 | ) | $(0.012 | ) | $0.001 |
| $0.145 |
| $0.133 |
| $0.122 |
| $0.178 |
| $0.227 |
| $0.527 |
| $0.668 |
|
OPERATING MARGINS
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2005 |
|
|
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| 17 | % | 24 | % | 18 | % | 20 | % | 17 | % | 10 | % | 16 | % | 15 | % | 7 | % | 6 | % | 28 | % | 16 | % | 24 | % | 29 | % | 31 | % | 28 | % | 20 | % |
ENERGY - AUSTRALIA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY - EUROPE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL |
| 20 | % | 27 | % | 22 | % | 23 | % | 21 | % | 13 | % | 20 | % | 18 | % | 10 | % | 9 | % | 32 | % | 19 | % | 28 | % | 33 | % | 35 | % | 32 | % | 24 | % |
|
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|
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|
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 15 | % | 15 | % | 13 | % | 14 | % | 3 | % | 17 | % | 13 | % | 11 | % | 18 | % | 12 | % | 16 | % | 15 | % | 4 | % | 11 | % | 15 | % | 10 | % | 13 | % |
HIGHWAY INFORMATION |
| 21 | % | 24 | % | 22 | % | 22 | % | 16 | % | 3 | % | 5 | % | 9 | % | -2 | % | 4 | % | 8 | % | 4 | % | 15 | % | 18 | % | 22 | % | 18 | % | 14 | % |
SURFACE SYSTEMS |
| -21 | % | 0 | % | 4 | % | -3 | % | 9 | % | 17 | % | 21 | % | 16 | % | 5 | % | 11 | % | 8 | % | 8 | % | 4 | % | 9 | % | 22 | % | 14 | % | 10 | % |
PEEK |
| 12 | % | 22 | % | 9 | % | 14 | % | 13 | % | 12 | % | -1 | % | 8 | % | 28 | % | 41 | % | 44 | % | 38 | % | 62 | % | 54 | % | 27 | % | 44 | % | 26 | % |
US TRAFFIC |
| -40 | % | -35 | % | -33 | % | -36 | % | -26 | % | -21 | % | -21 | % | -23 | % | -7 | % | -6 | % | -5 | % | -6 | % | -4 | % | -4 | % | 1 | % | -3 | % | -16 | % |
SUBTOTAL |
| -13 | % | -9 | % | -8 | % | -10 | % | -6 | % | -2 | % | -3 | % | -4 | % | 2 | % | 5 | % | 5 | % | 4 | % | 6 | % | 7 | % | 11 | % | 8 | % | 0 | % |
EXHIBIT A
QUIXOTE CORPORATION
SALES AND EARNINGS ANALYSIS
|
| FORECAST F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Jul-04 |
| Aug-04 |
| Sep-04 |
| 1ST QTR |
| Jul-04 |
| Aug-04 |
| Sep-04 |
| 1ST QTR |
| Jul-03 |
| Aug-03 |
| Sep-03 |
| 1ST QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,014 |
| $5,828 |
| $6,515 |
| $18,357 |
| $6,233 |
| $7,256 |
| $6,455 |
| $19,944 |
| $6,215 |
| $6,581 |
| $6,505 |
| $19,301 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 21 |
| 18 |
| 39 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 59 |
| 36 |
| 95 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
SUB TOTAL |
| 6,014 |
| 5,849 |
| 6,533 |
| 18,396 |
| 6,233 |
| 7,256 |
| 6,455 |
| 19,944 |
| 6,215 |
| 6,640 |
| 6,541 |
| 19,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 395 |
| 352 |
| 588 |
| 1,335 |
| 517 |
| 522 |
| 507 |
| 1,546 |
| 533 |
| 560 |
| 687 |
| 1,780 |
|
HIGHWAY INFORMATION |
| 127 |
| 213 |
| 458 |
| 798 |
| 385 |
| 405 |
| 410 |
| 1,200 |
| 456 |
| 630 |
| 563 |
| 1,649 |
|
SURFACE SYSTEMS, INC. |
| 621 |
| 1,333 |
| 1,134 |
| 3,088 |
| 599 |
| 809 |
| 1,019 |
| 2,427 |
| 908 |
| 590 |
| 696 |
| 2,194 |
|
PEEK |
| 2,074 |
| 2,611 |
| 2,844 |
| 7,529 |
| 2,242 |
| 2,703 |
| 2,650 |
| 7,595 |
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| 2,282 |
| 1,721 |
| 2,838 |
| 6,841 |
| 2,200 |
| 2,225 |
| 2,300 |
| 6,725 |
| 4,800 |
| 4,626 |
| 4,739 |
| 14,165 |
|
SUB TOTAL |
| 5,499 |
| 6,230 |
| 7,862 |
| 19,591 |
| 5,943 |
| 6,664 |
| 6,886 |
| 19,493 |
| 6,697 |
| 6,406 |
| 6,685 |
| 19,788 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $11,513 |
| $12,079 |
| $14,395 |
| $37,987 |
| $12,176 |
| $13,920 |
| $13,341 |
| $39,437 |
| $12,912 |
| $13,046 |
| $13,226 |
| $39,184 |
|
|
| FORECAST F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Jul-04 |
| Aug-04 |
| Sep-04 |
| 1ST QTR |
| Jul-04 |
| Aug-04 |
| Sep-04 |
| 1ST QTR |
| Jul-03 |
| Aug-03 |
| Sep-03 |
| 1ST QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,098 |
| $918 |
| $963 |
| $2,979 |
| $1,035 |
| $1,736 |
| $1,184 |
| $3,955 |
| $1,167 |
| $1,353 |
| $1,202 |
| $3,722 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 4 |
| 13 |
| 17 |
| 3 |
| 3 |
| 3 |
| 9 |
| (13 | ) | 40 |
| 12 |
| 39 |
|
ENERGY - AL |
| 159 |
| 181 |
| 188 |
| 528 |
| 181 |
| 198 |
| 186 |
| 565 |
| 177 |
| 178 |
| 182 |
| 537 |
|
SPIN-CAST PLASTICS |
| (79 | ) | (161 | ) | (68 | ) | (308 | ) | 8 |
| 39 |
| 47 |
| 94 |
| 87 |
| 83 |
| 15 |
| 185 |
|
SUBTOTAL |
| 1,178 |
| 942 |
| 1,096 |
| 3,216 |
| 1,227 |
| 1,976 |
| 1,420 |
| 4,623 |
| 1,418 |
| 1,654 |
| 1,411 |
| 4,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 127 |
| 9 |
| 69 |
| 205 |
| 80 |
| 76 |
| 68 |
| 224 |
| 188 |
| 182 |
| 328 |
| 698 |
|
HIGHWAY INFORMATION |
| (130 | ) | (63 | ) | 304 |
| 111 |
| 79 |
| 99 |
| 91 |
| 269 |
| 42 |
| 211 |
| 32 |
| 285 |
|
SURFACE SYSTEMS, INC. |
| (249 | ) | 2 |
| (68 | ) | (315 | ) | (125 | ) | (3 | ) | 44 |
| (84 | ) | (196 | ) | (244 | ) | 201 |
| (239 | ) |
PEEK |
| 153 |
| 288 |
| 404 |
| 845 |
| 71 |
| 176 |
| 93 |
| 340 |
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| (572 | ) | (767 | ) | (527 | ) | (1,866 | ) | (899 | ) | (938 | ) | (876 | ) | (2,713 | ) | (324 | ) | 277 |
| 675 |
| 628 |
|
SUB TOTAL |
| (671 | ) | (531 | ) | 182 |
| (1,020 | ) | (794 | ) | (590 | ) | (580 | ) | (1,964 | ) | (290 | ) | 426 |
| 1,236 |
| 1,372 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 507 |
| 411 |
| 1,278 |
| 2,196 |
| 433 |
| 1,386 |
| 840 |
| 2,659 |
| 1,128 |
| 2,080 |
| 2,647 |
| 5,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (572 | ) | (807 | ) | (680 | ) | (2,059 | ) | (591 | ) | (600 | ) | (688 | ) | (1,879 | ) | (570 | ) | (872 | ) | (304 | ) | (1,746 | ) |
OTHER |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
INTEREST INCOME (EXPENSE) |
| (213 | ) | (196 | ) | (149 | ) | (558 | ) | (211 | ) | (211 | ) | (212 | ) | (634 | ) | (136 | ) | (165 | ) | (182 | ) | (483 | ) |
SUB-TOTAL |
| (785 | ) | (1,003 | ) | (829 | ) | (2,617 | ) | (802 | ) | (811 | ) | (900 | ) | (2,513 | ) | (706 | ) | (1,037 | ) | (486 | ) | (2,229 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| (278 | ) | (592 | ) | 449 |
| (421 | ) | (369 | ) | 575 |
| (60 | ) | 146 |
| 422 |
| 1,043 |
| 2,161 |
| 3,626 |
|
INCOME TAXES |
| (100 | ) | (213 | ) | 153 |
| (160 | ) | (140 | ) | 219 |
| (23 | ) | 56 |
| 152 |
| 375 |
| 778 |
| 1,305 |
|
NET EARNINGS (CONT.) |
| $(178 | ) | $(379 | ) | $296 |
| $(261 | ) | $(229 | ) | $356 |
| $(37 | ) | $90 |
| $270 |
| $668 |
| $1,383 |
| $2,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BASIC EARNINGS PER SHARE: |
| $(0.020 | ) | $(0.043 | ) | $0.034 |
| $(0.030 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DILUTED EARNINGS PER SHARE: |
| $(0.020 | ) | $(0.043 | ) | $0.033 |
| $(0.029 | ) | $(0.026 | ) | $0.040 |
| $(0.004 | ) | $0.010 |
| $0.031 |
| $0.077 |
| $0.159 |
| $0.267 |
|
AVERAGE BASIC SHARES |
| 8,761 |
| 8,761 |
| 8,761 |
| 8,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,886 |
| 8,886 |
| 8,886 |
| 8,886 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,680 |
| 8,680 |
| 8,680 |
| 8,680 |
|
|
| ACTUAL F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Oct-04 |
| Nov-04 |
| Dec-04 |
| 2ND QTR |
| Oct-04 |
| Nov-04 |
| Dec-04 |
| 2ND QTR |
| Oct-03 |
| Nov-03 |
| Dec-03 |
| 2ND QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $4,896 |
| $5,655 |
| 4,707 |
| $15,258 |
| $6,229 |
| $5,381 |
| $5,822 |
| $17,432 |
| $5,793 |
| $5,016 |
| $5,533 |
| $16,342 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 8 |
| 14 |
| 22 |
| 0 |
| 0 |
| 0 |
| 0 |
| 26 |
| 42 |
| 3 |
| 71 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
|
SUB TOTAL |
| 4,896 |
| 5,663 |
| 4,721 |
| 15,280 |
| 6,229 |
| 5,381 |
| 5,822 |
| 17,432 |
| 5,819 |
| 5,058 |
| 5,536 |
| 16,413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 439 |
| 257 |
| 330 |
| 1,026 |
| 485 |
| 555 |
| 550 |
| 1,590 |
| 386 |
| 482 |
| 608 |
| 1,476 |
|
HIGHWAY INFORMATION |
| 507 |
| 170 |
| 114 |
| 791 |
| 390 |
| 290 |
| 300 |
| 980 |
| 471 |
| 160 |
| 493 |
| 1,124 |
|
SURFACE SYSTEMS, INC. |
| 1,185 |
| 1,233 |
| 811 |
| 3,229 |
| 959 |
| 1,024 |
| 1,160 |
| 3,143 |
| 1,038 |
| 791 |
| 1,106 |
| 2,935 |
|
PEEK |
| 2,568 |
| 2,353 |
| 2,650 |
| 7,571 |
| 2,708 |
| 2,634 |
| 2,377 |
| 7,719 |
| 2,314 |
| 2,314 |
|
|
|
|
|
US TRAFFIC |
| 2,152 |
| 1,834 |
| 1,564 |
| 5,550 |
| 2,350 |
| 2,400 |
| 2,650 |
| 7,400 |
| 3,821 |
| 3,842 |
| 3,569 |
| 11,232 |
|
SUB TOTAL |
| 6,851 |
| 5,847 |
| 5,469 |
| 18,167 |
| 6,892 |
| 6,903 |
| 7,037 |
| 20,832 |
| 5,716 |
| 5,275 |
| 8,090 |
| 19,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $11,747 |
| $11,510 |
| $10,190 |
| $33,447 |
| $13,121 |
| $12,284 |
| $12,859 |
| $38,264 |
| $11,535 |
| $10,333 |
| $13,626 |
| $35,494 |
|
|
| FORECAST F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Oct-04 |
| Nov-04 |
| Dec-04 |
| 2ND QTR |
| Oct-04 |
| Nov-04 |
| Dec-04 |
| 2ND QTR |
| Oct-03 |
| Nov-03 |
| Dec-03 |
| 2ND QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $9 |
| 697 |
| 275 |
| $981 |
| $1,073 |
| $543 |
| $959 |
| $2,575 |
| $618 |
| $579 |
| $1,589 |
| $2,786 |
|
ENERGY - EUROPE/AUSTRALIA |
| (3 | ) | 3 |
| 69 |
| 69 |
| 3 |
| 3 |
| 3 |
| 9 |
| 9 |
| 10 |
| 43 |
| 62 |
|
ENERGY - AL |
| 100 |
| 169 |
| 206 |
| 475 |
| 194 |
| 179 |
| 186 |
| 559 |
| 164 |
| 143 |
| 166 |
| 473 |
|
SPIN-CAST PLASTICS |
| 15 |
| (102 | ) | (124 | ) | (211 | ) | 41 |
| (12 | ) | 10 |
| 39 |
| 40 |
| (9 | ) | 16 |
| 47 |
|
SUBTOTAL |
| 121 |
| 767 |
| 426 |
| 1,314 |
| 1,311 |
| 713 |
| 1,158 |
| 3,182 |
| 831 |
| 723 |
| 1,814 |
| 3,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 101 |
| (51 | ) | (5 | ) | 45 |
| 15 |
| 92 |
| 72 |
| 179 |
| (95 | ) | 100 |
| 162 |
| 167 |
|
HIGHWAY INFORMATION |
| 255 |
| (28 | ) | (12 | ) | 215 |
| 64 |
| 10 |
| 15 |
| 89 |
| 169 |
| (98 | ) | 160 |
| 231 |
|
SURFACE SYSTEMS, INC. |
| 117 |
| 111 |
| 16 |
| 244 |
| 85 |
| 171 |
| 241 |
| 497 |
| 57 |
| 3 |
| 245 |
| 305 |
|
PEEK |
| 333 |
| 224 |
| 260 |
| 817 |
| 125 |
| 122 |
| (9 | ) | 238 |
| 131 |
| 131 |
|
|
|
|
|
US TRAFFIC |
| (754 | ) | (750 | ) | (710 | ) | (2,214 | ) | (693 | ) | (554 | ) | (496 | ) | (1,743 | ) | (363 | ) | (15 | ) | (577 | ) | (955 | ) |
SUB TOTAL |
| 52 |
| (494 | ) | (451 | ) | (893 | ) | (404 | ) | (159 | ) | (177 | ) | (740 | ) | (232 | ) | (10 | ) | 121 |
| (121 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (550 | ) | (724 | ) | (580 | ) | (1,854 | ) | (585 | ) | (583 | ) | (686 | ) | (1,854 | ) | (658 | ) | (678 | ) | (683 | ) | (2,019 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT |
| (377 | ) | (451 | ) | (605 | ) | (1,433 | ) | 322 |
| (29 | ) | 295 |
| 588 |
| (59 | ) | 35 |
| 1,252 |
| 1,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER |
| 0 |
| 0 |
| 560 |
| 560 |
| 0 |
| 0 |
| 0 |
| 0 |
| (560 | ) | (560 | ) | 0 |
| (1,120 | ) |
INTEREST INCOME (EXPENSE) |
| (281 | ) | (262 | ) | (260 | ) | (803 | ) | (206 | ) | (206 | ) | (206 | ) | (618 | ) | (198 | ) | (200 | ) | (101 | ) | (499 | ) |
SUB-TOTAL |
| (281 | ) | (262 | ) | 300 |
| (243 | ) | (206 | ) | (206 | ) | (206 | ) | (618 | ) | (758 | ) | (760 | ) | (101 | ) | (1,619 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| (658 | ) | (713 | ) | (305 | ) | (1,676 | ) | 116 |
| (235 | ) | 89 |
| (30 | ) | (817 | ) | (725 | ) | 1,151 |
| (391 | ) |
INCOME TAXES |
| (250 | ) | (271 | ) | (116 | ) | (637 | ) | 44 |
| (89 | ) | 34 |
| (11 | ) | (93 | ) | (59 | ) | 414 |
| 262 |
|
NET EARNINGS (CONT.) |
| $(408 | ) | $(442 | ) | $(189 | ) | $(1,039 | ) | $72 |
| $(146 | ) | $55 |
| $(19 | ) | $(724 | ) | $(666 | ) | $737 |
| $(653 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $(0.046 | ) | $(0.050 | ) | $(0.022 | ) | $(0.118 | ) | $0.008 |
| $(0.016 | ) | $0.006 |
| $(0.002 | ) | $(0.083 | ) | $(0.076 | ) | $0.084 |
| $(0.075 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,781 |
| 8,781 |
| 8,781 |
| 8,781 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,733 |
| 8,733 |
| 8,733 |
| 8,733 |
|
|
| ACTUAL F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Jan-05 |
| Feb-05 |
| Mar-05 |
| 3RD QTR |
| Jan-05 |
| Feb-05 |
| Mar-05 |
| 3RD QTR |
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT |
| ACT |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $5,375 |
| $5,576 |
| $7,468 |
| $18,419 |
| $5,169 |
| $5,107 |
| $7,773 |
| $18,049 |
| $4,920 |
| $4,694 |
| $7,293 |
| $16,907 |
|
ENERGY - EUROPE/AUSTRALIA |
| (3 | ) | 1 |
| 0 |
| (2 | ) | 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 8 |
| 28 |
| 36 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
|
SUB TOTAL |
| 5,372 |
| 5,577 |
| 7,468 |
| 18,417 |
| 5,169 |
| 5,107 |
| 7,773 |
| 18,049 |
| 4,920 |
| 4,702 |
| 7,321 |
| 16,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 477 |
| 502 |
| 454 |
| 1,433 |
| 537 |
| 484 |
| 550 |
| 1,571 |
| 415 |
| 406 |
| 548 |
| 1,369 |
|
HIGHWAY INFORMATION |
| 235 |
| 240 |
| 297 |
| 772 |
| 275 |
| 290 |
| 315 |
| 880 |
| 252 |
| 268 |
| 339 |
| 859 |
|
SURFACE SYSTEMS, INC. |
| 635 |
| 669 |
| 716 |
| 2,020 |
| 784 |
| 874 |
| 879 |
| 2,537 |
| 778 |
| 674 |
| 704 |
| 2,156 |
|
PEEK |
| 2,193 |
| 2,319 |
| 2,517 |
| 7,029 |
| 2,677 |
| 2,809 |
| 2,988 |
| 8,474 |
| 1,759 |
| 1,885 |
| 2,262 |
| 5,906 |
|
US TRAFFIC |
| 1,140 |
| 1,653 |
| 2,488 |
| 5,281 |
| 3,115 |
| 3,140 |
| 3,395 |
| 9,650 |
| 3,304 |
| 1,901 |
| 3,731 |
| 8,936 |
|
SUB TOTAL |
| 4,680 |
| 5,383 |
| 6,472 |
| 16,535 |
| 7,388 |
| 7,597 |
| 8,127 |
| 23,112 |
| 6,508 |
| 5,134 |
| 7,584 |
| 19,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $10,052 |
| $10,960 |
| $13,940 |
| $34,952 |
| $12,557 |
| $12,704 |
| $15,900 |
| $41,161 |
| $11,428 |
| $9,836 |
| $14,905 |
| $36,169 |
|
|
| ACTUAL F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Jan-05 |
| Feb-05 |
| Mar-05 |
| 3RD QTR |
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,029 |
| $949 |
| $1,452 |
| $3,430 |
| $360 |
| $308 |
| $2,177 |
| $2,845 |
| $393 |
| $442 |
| $1,901 |
| $2,736 |
|
ENERGY - EUROPE/AUSTRALIA |
| (4 | ) | 1 |
| (7 | ) | (10 | ) | 3 |
| 3 |
| 3 |
| 9 |
| 0 |
| 21 |
| 23 |
| 44 |
|
ENERGY - AL |
| 123 |
| 126 |
| 193 |
| 442 |
| 171 |
| 170 |
| 216 |
| 557 |
| 322 |
| (35 | ) | 173 |
| 460 |
|
SPIN-CAST PLASTICS |
| 105 |
| (33 | ) | 87 |
| 159 |
| (18 | ) | (9 | ) | 108 |
| 81 |
| (40 | ) | (88 | ) | 330 |
| 202 |
|
SUBTOTAL |
| 1,253 |
| 1,043 |
| 1,725 |
| 4,021 |
| 516 |
| 472 |
| 2,504 |
| 3,492 |
| 675 |
| 340 |
| 2,427 |
| 3,442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 89 |
| 146 |
| 51 |
| 286 |
| 94 |
| 59 |
| 87 |
| 240 |
| 49 |
| 47 |
| 131 |
| 227 |
|
HIGHWAY INFORMATION |
| 5 |
| 12 |
| 101 |
| 118 |
| (5 | ) | 12 |
| 25 |
| 32 |
| (30 | ) | (35 | ) | (51 | ) | (116 | ) |
SURFACE SYSTEMS, INC. |
| (180 | ) | (189 | ) | (44 | ) | (413 | ) | 43 |
| 100 |
| 67 |
| 210 |
| 9 |
| (49 | ) | (57 | ) | (97 | ) |
PEEK |
| 55 |
| 97 |
| 344 |
| 496 |
| 221 |
| 354 |
| 389 |
| 964 |
| 33 |
| 36 |
| 201 |
| 270 |
|
US TRAFFIC |
| (1,054 | ) | (811 | ) | (557 | ) | (2,422 | ) | (193 | ) | (182 | ) | (153 | ) | (528 | ) | (390 | ) | (1,003 | ) | (492 | ) | (1,885 | ) |
SUB TOTAL |
| (1,085 | ) | (745 | ) | (105 | ) | (1,935 | ) | 160 |
| 343 |
| 415 |
| 918 |
| (329 | ) | (1,004 | ) | (268 | ) | (1,601 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 168 |
| 298 |
| 1,620 |
| 2,086 |
| 676 |
| 815 |
| 2,919 |
| 4,410 |
| 346 |
| (664 | ) | 2,159 |
| 1,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (606 | ) | (790 | ) | (921 | ) | (2,317 | ) | (645 | ) | (600 | ) | (646 | ) | (1,891 | ) | (676 | ) | (696 | ) | (929 | ) | (2,301 | ) |
OTHER |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| (212 | ) | (212 | ) |
|
|
|
|
INTEREST INCOME (EXPENSE) |
| (275 | ) | 63 |
| (752 | ) | (964 | ) | (206 | ) | (206 | ) | (206 | ) | (618 | ) | (191 | ) | (201 | ) | (190 | ) | (582 | ) |
SUB-TOTAL |
| (881 | ) | (727 | ) | (1,673 | ) | (3,281 | ) | (851 | ) | (806 | ) | (852 | ) | (2,509 | ) | (867 | ) | (897 | ) | (1,331 | ) | (3,095 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| (713 | ) | (429 | ) | (53 | ) | (1,195 | ) | (175 | ) | 9 |
| 2,067 |
| 1,901 |
| (521 | ) | (1,561 | ) | 828 |
| (1,254 | ) |
INCOME TAXES |
| (271 | ) | (163 | ) | (20 | ) | (454 | ) | (67 | ) | 3 |
| 785 |
| 721 |
| (188 | ) | (562 | ) | (950 | ) | (1,700 | ) |
NET EARNINGS (CONT.) |
| $(442 | ) | $(266 | ) | $(33 | ) | $(741 | ) | $(108 | ) | $6 |
| $1,282 |
| $1,180 |
| $(333 | ) | $(999 | ) | $1,778 |
| $446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $(0.050 | ) | $(0.030 | ) | $(0.004 | ) | $(0.084 | ) | $(0.012 | ) | $0.001 |
| $0.145 |
| $0.133 |
| $(0.037 | ) | $(0.112 | ) | $0.200 |
| $0.050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,800 |
| 8,800 |
| 8,800 |
| 8,800 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,881 |
| 8,881 |
| 8,881 |
| 8,881 |
|
|
| ACTUAL F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Apr-05 |
| May-05 |
| Jun-05 |
| 4TH QTR |
| Apr-05 |
| May-05 |
| Jun-05 |
| 4TH QTR |
| Apr-04 |
| May-04 |
| Jun-04 |
| 4TH QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,236 |
| $6,624 |
| $8,069 |
| $20,929 |
| $7,410 |
| $8,397 |
| $8,768 |
| $24,575 |
| $7,270 |
| $5,897 |
| $7,342 |
| $20,509 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| (1 | ) | 0 |
| (1 | ) | 0 |
| 0 |
| 0 |
| 0 |
|
|
| 12 |
| 10 |
| 22 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 554 |
| 554 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 6,236 |
| 6,623 |
| 8,623 |
| 21,482 |
| 7,410 |
| 8,397 |
| 8,768 |
| 24,575 |
| 7,270 |
| 5,909 |
| 7,352 |
| 20,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 416 |
| 410 |
| 636 |
| 1,462 |
| 524 |
| 525 |
| 544 |
| 1,593 |
| 335 |
| 331 |
| 546 |
| 1,212 |
|
HIGHWAY INFORMATION |
| 234 |
| 917 |
| 751 |
| 1,902 |
| 360 |
| 375 |
| 405 |
| 1,140 |
| 331 |
| 343 |
| 434 |
| 1,108 |
|
SURFACE SYSTEMS, INC. |
| 805 |
| 843 |
| 1,659 |
| 3,307 |
| 839 |
| 958 |
| 1,596 |
| 3,393 |
| 714 |
| 676 |
| 1,935 |
| 3,325 |
|
PEEK |
| 2,247 |
| 1,775 |
| 2,538 |
| 6,560 |
| 3,176 |
| 3,203 |
| 3,071 |
| 9,450 |
| 2,039 |
| 1,835 |
| 2,390 |
| 6,264 |
|
US TRAFFIC |
| 1,356 |
| 1,715 |
| 2,183 |
| 5,254 |
| 3,140 |
| 3,165 |
| 3,420 |
| 9,725 |
| 2,434 |
| 2,547 |
| 2,022 |
| 7,003 |
|
SUB TOTAL |
| 5,058 |
| 5,660 |
| 7,767 |
| 18,485 |
| 8,039 |
| 8,226 |
| 9,036 |
| 25,301 |
| 5,853 |
| 5,732 |
| 7,327 |
| 18,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $11,294 |
| $12,283 |
| $16,390 |
| $39,967 |
| $15,449 |
| $16,623 |
| $17,804 |
| $49,876 |
| $13,123 |
| $11,641 |
| $14,679 |
| $39,443 |
|
|
| ACTUAL F/Y 2005 |
| BUDGET F/Y 2005 |
| ACTUAL F/Y 2004 |
| ||||||||||||||||||
|
| Apr-05 |
| May-05 |
| Jun-05 |
| 4TH QTR |
| Apr-05 |
| May-05 |
| Jun-05 |
| 4TH QTR |
| Apr-04 |
| May-04 |
| Jun-04 |
| 4TH QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. | �� | ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $816 |
| $1,449 |
| $3,014 |
| $5,279 |
| $1,751 |
| $2,436 |
| $2,751 |
| $6,938 |
| $1,935 |
| $1,056 |
| $886 |
| $3,877 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| (2 | ) | (78 | ) | (80 | ) | 3 |
| 3 |
| 3 |
| 9 |
| 0 |
| (180 | ) | (8 | ) | (188 | ) |
ENERGY - AL |
| 184 |
| 196 |
| 181 |
| 561 |
| 207 |
| 225 |
| 231 |
| 663 |
| 184 |
| 170 |
| 172 |
| 526 |
|
SPIN-CAST PLASTICS |
| 74 |
| 64 |
| 410 |
| 548 |
| 95 |
| 91 |
| 107 |
| 293 |
| 141 |
| 131 |
| 124 |
| 396 |
|
SUBTOTAL |
| 1,074 |
| 1,707 |
| 3,527 |
| 6,308 |
| 2,056 |
| 2,755 |
| 3,092 |
| 7,903 |
| 2,260 |
| 1,177 |
| 1,174 |
| 4,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| (30 | ) | (5 | ) | 116 |
| 81 |
| 22 |
| 56 |
| 79 |
| 157 |
| (85 | ) | 19 |
| 252 |
| 186 |
|
HIGHWAY INFORMATION |
| (2 | ) | 332 |
| 201 |
| 531 |
| 53 |
| 68 |
| 89 |
| 210 |
| (39 | ) | 26 |
| 74 |
| 61 |
|
SURFACE SYSTEMS, INC. |
| (53 | ) | (94 | ) | 190 |
| 43 |
| 34 |
| 84 |
| 359 |
| 477 |
| (122 | ) | (163 | ) | 516 |
| 231 |
|
PEEK |
| 171 |
| (64 | ) | 502 |
| 609 |
|
|
|
|
|
|
| 0 |
| 133 |
| 155 |
| 315 |
| 603 |
|
US TRAFFIC |
| (1,153 | ) | (839 | ) | 4 |
| (1,988 | ) | (142 | ) | (141 | ) | 28 |
| (255 | ) | (337 | ) | (731 | ) | (676 | ) | (1,744 | ) |
SUB TOTAL |
| (982 | ) | (903 | ) | 506 |
| (1,379 | ) | (142 | ) | (141 | ) | 28 |
| (255 | ) | (204 | ) | (576 | ) | (361 | ) | (1,141 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (722 | ) | (713 | ) | (455 | ) | (1,890 | ) | (598 | ) | (601 | ) | (645 | ) | (1,844 | ) | (497 | ) | (663 | ) | (667 | ) | (1,827 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT |
| (630 | ) | 91 |
| 3,578 |
| 3,039 |
| 1,316 |
| 2,013 |
| 2,475 |
| 5,804 |
| 1,559 |
| (62 | ) | 146 |
| 1,643 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER |
| 0 |
| 0 |
| (560 | ) | (560 | ) | 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
| (32,600 | ) | (32,600 | ) |
INTEREST INCOME (EXPENSE) |
| (345 | ) | (350 | ) | (244 | ) | (939 | ) | (201 | ) | (201 | ) | (201 | ) | (603 | ) | (292 | ) | (196 | ) | (62 | ) | (550 | ) |
SUB-TOTAL |
| (345 | ) | (350 | ) | (804 | ) | (1,499 | ) | (201 | ) | (201 | ) | (201 | ) | (603 | ) | (292 | ) | (196 | ) | (32,662 | ) | (33,150 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| (975 | ) | (259 | ) | 2,774 |
| 1,540 |
| 1,115 |
| 1,812 |
| 2,274 |
| 5,201 |
| 1,267 |
| (258 | ) | (32,516 | ) | (31,507 | ) |
INCOME TAXES |
| (403 | ) | (10 | ) | 1,217 |
| 804 |
| 663 |
| 966 |
| 1,229 |
| 2,858 |
| 368 |
| (135 | ) | (11,021 | ) | (10,788 | ) |
NET EARNINGS (CONT.) |
| $(572 | ) | $(249 | ) | $1,557 |
| $736 |
| $452 |
| $846 |
| $1,045 |
| $2,343 |
| $899 |
| $(123 | ) | $(21,495 | ) | $(20,719 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $(0.065 | ) | $(0.028 | ) | $0.176 |
| $0.083 |
| $0.051 |
| $0.096 |
| $0.118 |
| $0.265 |
| $0.101 |
| $(0.014 | ) | $(2.420 | ) | $(2.333 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,850 |
| 8,881 |
| 8,881 |
| 8,881 |
| 8,881 |
|
QUIXOTE CORPORATION
SALES BY COMPANY
FISCAL 2004
RUNNING FORECAST
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2004 |
|
NET SALES |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,215 |
| $6,581 |
| $6,505 |
| $19,301 |
| $5,793 |
| $5,016 |
| $5,533 |
| $16,342 |
| $4,920 |
| $4,694 |
| $7,293 |
| $16,907 |
| $7,270 |
| $5,897 |
| $7,341 |
| $20,508 |
| $73,058 |
|
ENERGY - EUROPE |
|
|
| 59 |
| 36 |
| 95 |
| 26 |
| 42 |
| 3 |
| 71 |
|
|
| 8 |
| 28 |
| 36 |
|
|
| 12 |
| 10 |
| 22 |
| 224 |
|
ENERGY - AUSTRALIA |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SUB TOTAL |
| 6,215 |
| 6,640 |
| 6,541 |
| 19,396 |
| 5,819 |
| 5,058 |
| 5,536 |
| 16,413 |
| 4,920 |
| 4,702 |
| 7,321 |
| 16,943 |
| 7,270 |
| 5,909 |
| 7,351 |
| 20,530 |
| 73,282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 533 |
| 560 |
| 687 |
| 1,780 |
| 386 |
| 482 |
| 608 |
| 1,476 |
| 415 |
| 406 |
| 548 |
| 1,369 |
| 335 |
| 331 |
| 546 |
| 1,212 |
| 5,837 |
|
HIGHWAY INFORMATION |
| 456 |
| 630 |
| 563 |
| 1,649 |
| 471 |
| 160 |
| 493 |
| 1,124 |
| 252 |
| 268 |
| 339 |
| 859 |
| 331 |
| 343 |
| 434 |
| 1,108 |
| 4,740 |
|
NATIONAL SIGNAL |
| 609 |
| 493 |
| 355 |
| 1,457 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| (3 | ) | (3 | ) | 1,454 |
|
SURFACE SYSTEMS |
| 908 |
| 590 |
| 696 |
| 2,194 |
| 1,038 |
| 791 |
| 1,106 |
| 2,935 |
| 778 |
| 674 |
| 704 |
| 2,156 |
| 714 |
| 676 |
| 1,935 |
| 3,325 |
| 10,610 |
|
PEEK |
| 2,314 |
| 2,314 |
| 1,759 |
| 1,885 |
| 2,262 |
| 5,906 |
| 2,039 |
| 1,835 |
| 2,390 |
| 6,264 |
| 14,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| 4,191 |
| 4,133 |
| 4,384 |
| 12,708 |
| 3,821 |
| 3,842 |
| 3,569 |
| 11,232 |
| 3,304 |
| 1,901 |
| 3,731 |
| 8,936 |
| 2,434 |
| 2,547 |
| 2,026 |
| 7,007 |
| 39,883 |
|
SUB TOTAL |
| 6,697 |
| 6,406 |
| 6,685 |
| 19,788 |
| 5,716 |
| 5,275 |
| 8,090 |
| 19,081 |
| 6,508 |
| 5,134 |
| 7,584 |
| 19,226 |
| 5,853 |
| 5,732 |
| 7,328 |
| 18,913 |
| 77,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $12,912 |
| $13,046 |
| $13,226 |
| $39,184 |
| $11,535 |
| $10,333 |
| $13,626 |
| $35,494 |
| $11,428 |
| $9,836 |
| $14,905 |
| $36,169 |
| $13,123 |
| $11,641 |
| $14,679 |
| $39,443 |
| $150,290 |
|
ORIGINAL BUDGET
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2004 |
|
NET SALES |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,463 |
| $6,470 |
| $7,115 |
| $20,048 |
| $7,342 |
| $6,588 |
| $5,294 |
| $19,224 |
| $5,800 |
| $5,590 |
| $8,293 |
| $19,683 |
| $7,421 |
| $8,984 |
| $9,140 |
| $25,545 |
| $84,500 |
|
ENERGY - EUROPE |
| 50 |
| 30 |
| 50 |
| 130 |
| 40 |
| 50 |
| 30 |
| 120 |
| 40 |
| 40 |
| 50 |
| 130 |
| 50 |
| 40 |
| 30 |
| 120 |
| 500 |
|
ENERGY - AUSTRALIA |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SUB TOTAL |
| 6,513 |
| 6,500 |
| 7,165 |
| 20,178 |
| 7,382 |
| 6,638 |
| 5,324 |
| 19,344 |
| 5,840 |
| 5,630 |
| 8,343 |
| 19,813 |
| 7,471 |
| 9,024 |
| 9,170 |
| 25,665 |
| 85,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 602 |
| 520 |
| 510 |
| 1,632 |
| 540 |
| 425 |
| 355 |
| 1,320 |
| 760 |
| 820 |
| 840 |
| 2,420 |
| 905 |
| 935 |
| 840 |
| 2,680 |
| 8,052 |
|
HIGHWAY INFORMATION |
| 309 |
| 455 |
| 419 |
| 1,183 |
| 377 |
| 393 |
| 278 |
| 1,048 |
| 172 |
| 244 |
| 333 |
| 749 |
| 267 |
| 336 |
| 424 |
| 1,027 |
| 4,007 |
|
NATIONAL SIGNAL |
| 593 |
| 494 |
| 470 |
| 1,557 |
| 439 |
| 309 |
| 445 |
| 1,193 |
| 371 |
| 494 |
| 569 |
| 1,434 |
| 612 |
| 655 |
| 729 |
| 1,996 |
| 6,180 |
|
SURFACE SYSTEMS |
| 520 |
| 676 |
| 1,028 |
| 2,224 |
| 1,345 |
| 1,283 |
| 1,168 |
| 3,796 |
| 929 |
| 1,030 |
| 1,135 |
| 3,094 |
| 1,325 |
| 1,401 |
| 2,160 |
| 4,886 |
| 14,000 |
|
US TRAFFIC |
| 4,500 |
| 4,000 |
| 4,000 |
| 12,500 |
| 4,400 |
| 4,200 |
| 3,400 |
| 12,000 |
| 2,800 |
| 3,200 |
| 3,500 |
| 9,500 |
| 3,200 |
| 3,800 |
| 4,000 |
| 11,000 |
| 45,000 |
|
SUB TOTAL |
| 6,524 |
| 6,145 |
| 6,427 |
| 19,096 |
| 7,101 |
| 6,610 |
| 5,646 |
| 19,357 |
| 5,032 |
| 5,788 |
| 6,377 |
| 17,197 |
| 6,309 |
| 7,127 |
| 8,153 |
| 21,589 |
| 77,239 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $13,037 |
| $12,645 |
| $13,592 |
| $39,274 |
| $14,483 |
| $13,248 |
| $10,970 |
| $38,701 |
| $10,872 |
| $11,418 |
| $14,720 |
| $37,010 |
| $13,780 |
| $16,151 |
| $17,323 |
| $47,254 |
| $162,239 |
|
QUIXOTE CORPORATION
EARNINGS BBEFORE TAXES AND CORPORATE FEE
2004
RUNNING FORECAST
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2004 |
|
NET EARNINGS |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| FORECAST |
| FORECAST |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,167 |
| $1,353 |
| $1,202 |
| $3,722 |
| $618 |
| $579 |
| $1,589 |
| $2,786 |
| $393 |
| $442 |
| $1,901 |
| $2,736 |
| $1,935 |
| $1,056 |
| $886 |
| $3,877 |
| $13,121 |
|
ENERGY - EUROPE |
| (13 | ) | 40 |
| 12 |
| 39 |
| 9 |
| 10 |
| 43 |
| 62 |
|
|
| 21 |
| 23 |
| 44 |
|
|
| (180 | ) | (8 | ) | (188 | ) | (43 | ) |
ENERGY - AL |
| 177 |
| 178 |
| 182 |
| 537 |
| 164 |
| 143 |
| 166 |
| 473 |
| 322 |
| (35 | ) | 173 |
| 460 |
| 184 |
| 170 |
| 172 |
| 526 |
| 1,996 |
|
SPIN-CAST PLASTICS |
| 87 |
| 83 |
| 15 |
| 185 |
| 40 |
| (9 | ) | 16 |
| 47 |
| (40 | ) | (88 | ) | 330 |
| 202 |
| 141 |
| 131 |
| 124 |
| 396 |
| 830 |
|
SUBTOTAL |
| 1,418 |
| 1,654 |
| 1,411 |
| 4,483 |
| 831 |
| 723 |
| 1,814 |
| 3,368 |
| 675 |
| 340 |
| 2,427 |
| 3,442 |
| 2,260 |
| 1,177 |
| 1,174 |
| 4,611 |
| 15,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 188 |
| 182 |
| 328 |
| 698 |
| (95 | ) | 100 |
| 162 |
| 167 |
| 49 |
| 47 |
| 131 |
| 227 |
| (85 | ) | 19 |
| 252 |
| 186 |
| 1,278 |
|
HIGHWAY INFORMATION |
| 42 |
| 211 |
| 32 |
| 285 |
| 169 |
| (98 | ) | 160 |
| 231 |
| (30 | ) | (35 | ) | (51 | ) | (116 | ) | (39 | ) | 26 |
| 74 |
| 61 |
| 461 |
|
NATIONAL SIGNAL |
| 20 |
| (47 | ) | 121 |
| 94 |
| (191 | ) | (12 | ) | 0 |
| (203 | ) | (16 | ) | 0 |
| (36 | ) | (52 | ) | (10 | ) |
|
| (19 | ) | (29 | ) | (190 | ) |
SURFACE SYSTEMS |
| (196 | ) | (244 | ) | 201 |
| (239 | ) | 57 |
| 3 |
| 245 |
| 305 |
| 9 |
| (49 | ) | (57 | ) | (97 | ) | (122 | ) | (163 | ) | 516 |
| 231 |
| 200 |
|
PEEK |
|
|
|
|
|
|
|
|
|
|
|
|
| 131 |
| 131 |
| 33 |
| 36 |
| 201 |
| 270 |
| 133 |
| 155 |
| 315 |
| 603 |
| 1,004 |
|
US TRAFFIC |
| (344 | ) | 324 |
| 554 |
| 534 |
| (172 | ) | (3 | ) | (577 | ) | (752 | ) | (374 | ) | (1,003 | ) | (456 | ) | (1,833 | ) | (327 | ) | (731 | ) | (657 | ) | (1,715 | ) | (3,766 | ) |
SUBTOTAL |
| (290 | ) | 426 |
| 1,236 |
| 1,372 |
| (232 | ) | (10 | ) | 121 |
| (121 | ) | (329 | ) | (1,004 | ) | (268 | ) | (1,601 | ) | (450 | ) | (694 | ) | 481 |
| (663 | ) | (1,013 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (570 | ) | (872 | ) | (304 | ) | (1,746 | ) | (658 | ) | (678 | ) | (683 | ) | (2,019 | ) | (676 | ) | (696 | ) | (929 | ) | (2,301 | ) | (497 | ) | (663 | ) | (667 | ) | (1,827 | ) | (7,893 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| (212 | ) | (212 | ) |
|
|
|
| (32,600 | ) | (32,600 | ) | (32,812 | ) |
INTEREST INC. (EXP.) |
| (136 | ) | (165 | ) | (182 | ) | (483 | ) | (198 | ) | (200 | ) | (101 | ) | (499 | ) | (191 | ) | (201 | ) | (190 | ) | (582 | ) | (292 | ) | (196 | ) | (62 | ) | (550 | ) | (2,114 | ) |
SUB-TOTAL |
| (706 | ) | (1,037 | ) | (486 | ) | (2,229 | ) | (856 | ) | (878 | ) | (784 | ) | (2,518 | ) | (867 | ) | (897 | ) | (1,331 | ) | (3,095 | ) | (789 | ) | (859 | ) | (33,329 | ) | (34,977 | ) | (42,819 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS B/4 TAXES |
| 422 |
| 1,043 |
| 2,161 |
| 3,626 |
| (257 | ) | (165 | ) | 1,151 |
| 729 |
| (521 | ) | (1,561 | ) | 828 |
| (1,254 | ) | 1,021 |
| (376 | ) | (31,674 | ) | (31,029 | ) | (27,928 | ) |
INCOME TAXES |
| 152 |
| 375 |
| 778 |
| 1,305 |
| (93 | ) | (59 | ) | 414 |
| 262 |
| (188 | ) | (562 | ) | (950 | ) | (1,700 | ) | 368 |
| (135 | ) | (11,021 | ) | (10,788 | ) | (10,921 | ) |
NET EARNINGS |
| 270 |
| 668 |
| 1,383 |
| 2,321 |
| (164 | ) | (106 | ) | 737 |
| 467 |
| (333 | ) | (999 | ) | 1,778 |
| 446 |
| 653 |
| (241 | ) | (20,653 | ) | (20,241 | ) | (17,007 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE: |
| $0.031 |
| $0.077 |
| $0.159 |
| $0.267 |
| $(0.019 | ) | $(0.012 | ) | $0.084 |
| $0.053 |
| $(0.037 | ) | $(0.112 | ) | $0.200 |
| $0.050 |
| $0.074 |
| $(0.027 | ) | $(2.326 | ) | $(2.279 | ) | $(1.959 | ) |
OPERATING MARGINS
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2003 |
|
|
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
| FORECAST |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| 19 | % | 21 | % | 18 | % | 19 | % | 11 | % | 12 | % | 29 | % | 17 | % | 8 | % | 9 | % | 26 | % | 16 | % | 27 | % | 18 | % | 12 | % | 19 | % | 18 | % |
ENERGY - AUSTRALIA |
| — |
| 68 | % | 33 | % | 41 | % | 35 | % | 24 | % | 1433 | % | 87 | % | — |
| 263 | % | 82 | % | 122 | % | — |
| -1500 | % | -80 | % | -855 | % | -19 | % |
ENERGY - EUROPE |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL |
| 23 | % | 25 | % | 22 | % | 23 | % | 14 | % | 14 | % | 33 | % | 21 | % | 14 | % | 7 | % | 33 | % | 20 | % | 31 | % | 20 | % | 16 | % | 22 | % | 22 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 35 | % | 33 | % | 48 | % | 39 | % | -25 | % | 21 | % | 27 | % | 11 | % | 12 | % | 12 | % | 24 | % | 17 | % | -25 | % | 6 | % | 46 | % | 15 | % | 22 | % |
HIGHWAY INFORMATION |
| 9 | % | 33 | % | 6 | % | 17 | % | 36 | % | -61 | % | 32 | % | 21 | % | -12 | % | -13 | % | -15 | % | -14 | % | -12 | % | 8 | % | 17 | % | 6 | % | 10 | % |
NATIONAL SIGNAL |
| 3 | % | -10 | % | 34 | % | 6 | % | — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 633 | % | 967 | % | -13 | % |
SURFACE SYSTEMS |
| -22 | % | -41 | % | 29 | % | -11 | % | 5 | % | 0 | % | 22 | % | 10 | % | 1 | % | -7 | % | -8 | % | -4 | % | -17 | % | -24 | % | 27 | % | 7 | % | 2 | % |
US TRAFFIC |
| -8 | % | 8 | % | 13 | % | 4 | % | -5 | % | 0 | % | -16 | % | -7 | % | -11 | % | -53 | % | -12 | % | -21 | % | -13 | % | -29 | % | -32 | % | -24 | % | -9 | % |
SUBTOTAL |
| -4 | % | 7 | % | 18 | % | 7 | % | -4 | % | 0 | % | 1 | % | -1 | % | -5 | % | -20 | % | -4 | % | -8 | % | -8 | % | -12 | % | 7 | % | -4 | % | -1 | % |
ORIGINAL BUDGET
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2004 |
|
|
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,525 |
| $1,330 |
| $1,760 |
| $4,615 |
| $1,958 |
| $1,553 |
| $1,074 |
| $4,585 |
| $1,285 |
| $1,203 |
| $2,163 |
| $4,651 |
| $1,814 |
| $2,120 |
| $2,076 |
| $6,010 |
| $19,861 |
|
ENERGY - EUROPE |
| 30 |
| 18 |
| 30 |
| 78 |
| 24 |
| 30 |
| 18 |
| 72 |
| 24 |
| 24 |
| 30 |
| 78 |
| 30 |
| 24 |
| 18 |
| 72 |
| 300 |
|
ENERGY - AL |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SPIN-CAST PLASTICS |
| 35 |
| 31 |
| 38 |
| 104 |
| 18 |
| 3 |
| (28 | ) | (7 | ) | 19 |
| 30 |
| 135 |
| 184 |
| 19 |
| 97 |
| 142 |
| 258 |
| 539 |
|
SUBTOTAL |
| 1,590 |
| 1,379 |
| 1,828 |
| 4,797 |
| 2,000 |
| 1,586 |
| 1,064 |
| 4,650 |
| 1,328 |
| 1,257 |
| 2,328 |
| 4,913 |
| 1,863 |
| 2,241 |
| 2,236 |
| 6,340 |
| 20,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 130 |
| 106 |
| 95 |
| 331 |
| 125 |
| 32 |
| (15 | ) | 142 |
| 171 |
| 187 |
| 193 |
| 551 |
| 213 |
| 267 |
| 210 |
| 690 |
| 1,714 |
|
HIGHWAY INFORMATION |
| 47 |
| 155 |
| 121 |
| 323 |
| 85 |
| 115 |
| 34 |
| 234 |
| (41 | ) | 12 |
| 69 |
| 40 |
| 19 |
| 67 |
| 118 |
| 204 |
| 801 |
|
NATIONAL SIGNAL |
| (16 | ) | (37 | ) | (36 | ) | (89 | ) | (92 | ) | (99 | ) | (45 | ) | (236 | ) | (79 | ) | (27 | ) | (3 | ) | (109 | ) | (44 | ) | 26 |
| 51 |
| 33 |
| (401 | ) |
SURFACE SYSTEMS |
| (250 | ) | (151 | ) | (15 | ) | (416 | ) | 10 |
| 108 |
| 160 |
| 278 |
| 43 |
| 103 |
| 115 |
| 261 |
| 138 |
| 163 |
| 376 |
| 677 |
| 800 |
|
US TRAFFIC |
| 496 |
| 322 |
| 375 |
| 1,193 |
| 359 |
| 395 |
| 158 |
| 912 |
| (62 | ) | 86 |
| 220 |
| 244 |
| 114 |
| 312 |
| 368 |
| 794 |
| 3,143 |
|
SUBTOTAL |
| 407 |
| 395 |
| 540 |
| 1,342 |
| 487 |
| 551 |
| 292 |
| 1,330 |
| 32 |
| 361 |
| 594 |
| 987 |
| 440 |
| 835 |
| 1,123 |
| 2,398 |
| 6,057 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (545 | ) | (553 | ) | (579 | ) | (1,677 | ) | (542 | ) | (535 | ) | (568 | ) | (1,645 | ) | (587 | ) | (549 | ) | (555 | ) | (1,691 | ) | (539 | ) | (547 | ) | (551 | ) | (1,637 | ) | (6,650 | ) |
OTHER |
| 83 |
| 83 |
| 83 |
| 249 |
| 83 |
| 83 |
| 83 |
| 249 |
| 83 |
| 83 |
| 83 |
| 249 |
| 83 |
| 83 |
| 87 |
| 253 |
| 1,000 |
|
INTEREST INC. (EXP.) |
| (163 | ) | (163 | ) | (163 | ) | (489 | ) | (153 | ) | (153 | ) | (153 | ) | (459 | ) | (158 | ) | (158 | ) | (158 | ) | (474 | ) | (148 | ) | (148 | ) | (147 | ) | (443 | ) | (1,865 | ) |
SUB-TOTAL |
| (625 | ) | (633 | ) | (659 | ) | (1,917 | ) | (612 | ) | (605 | ) | (638 | ) | (1,855 | ) | (662 | ) | (624 | ) | (630 | ) | (1,916 | ) | (604 | ) | (612 | ) | (611 | ) | (1,827 | ) | (7,515 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS B/4 TAXES |
| 1,372 |
| 1,141 |
| 1,709 |
| 4,222 |
| 1,875 |
| 1,532 |
| 718 |
| 4,125 |
| 698 |
| 994 |
| 2,292 |
| 3,984 |
| 1,699 |
| 2,464 |
| 2,748 |
| 6,911 |
| 19,242 |
|
INCOME TAXES |
| 494 |
| 411 |
| 615 |
| 1,520 |
| 675 |
| 552 |
| 258 |
| 1,485 |
| 251 |
| 358 |
| 825 |
| 1,434 |
| 612 |
| 887 |
| 989 |
| 2,488 |
| 6,927 |
|
NET EARNINGS |
| 878 |
| 730 |
| 1,094 |
| 2,702 |
| 1,200 |
| 980 |
| 460 |
| 2,640 |
| 447 |
| 636 |
| 1,467 |
| 2,550 |
| 1,087 |
| 1,577 |
| 1,759 |
| 4,423 |
| 12,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE: |
| $0.102 |
| $0.085 |
| $0.127 |
| $0.314 |
| $0.140 |
| $0.114 |
| $0.053 |
| $0.307 |
| $0.052 |
| $0.074 |
| $0.171 |
| $0.297 |
| $0.126 |
| $0.183 |
| $0.205 |
| $0.514 |
| $1.432 |
|
OPERATING MARGINS
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2004 |
|
|
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| 24 | % | 21 | % | 25 | % | 23 | % | 27 | % | 24 | % | 20 | % | 24 | % | 22 | % | 22 | % | 26 | % | 24 | % | 24 | % | 24 | % | 23 | % | 24 | % | 24 | % |
ENERGY - AUSTRALIA |
| 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % | 60 | % |
ENERGY - EUROPE |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
SPIN-CAST PLASTICS |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
SUBTOTAL |
| 24 | % | 21 | % | 26 | % | 24 | % | 27 | % | 24 | % | 20 | % | 24 | % | 23 | % | 22 | % | 28 | % | 25 | % | 25 | % | 25 | % | 24 | % | 25 | % | 24 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 22 | % | 20 | % | 19 | % | 20 | % | 23 | % | 8 | % | -4 | % | 11 | % | 23 | % | 23 | % | 23 | % | 23 | % | 24 | % | 29 | % | 25 | % | 26 | % | 21 | % |
HIGHWAY INFORMATION |
| 15 | % | 34 | % | 29 | % | 27 | % | 23 | % | 29 | % | 12 | % | 22 | % | -24 | % | 5 | % | 21 | % | 5 | % | 7 | % | 20 | % | 28 | % | 20 | % | 20 | % |
NATIONAL SIGNAL |
| -3 | % | -7 | % | -8 | % | -6 | % | -21 | % | -32 | % | -10 | % | -20 | % | -21 | % | -5 | % | -1 | % | -8 | % | -7 | % | 4 | % | 7 | % | 2 | % | -6 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SURFACE SYSTEMS |
| 11 | % | 8 | % | 9 | % | 10 | % | 8 | % | 9 | % | 5 | % | 8 | % | -2 | % | 3 | % | 6 | % | 3 | % | 4 | % | 8 | % | 9 | % | 7 | % | 7 | % |
SUBTOTAL |
| 6 | % | 6 | % | 8 | % | 7 | % | 7 | % | 8 | % | 5 | % | 7 | % | 1 | % | 6 | % | 9 | % | 6 | % | 7 | % | 12 | % | 14 | % | 11 | % | 8 | % |
QUIXOTE CORPORATION
SALES AND EARNINGS ANALYSIS
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Jul-03 |
| Aug-03 |
| Sep-03 |
| 1ST QTR |
| Jul-03 |
| Aug-03 |
| Sep-03 |
| 1ST QTR |
| Jul-02 |
| Aug-02 |
| Sep-02 |
| 1ST QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,215 |
| $6,581 |
| $6,505 |
| $19,301 |
| $6,463 |
| $6,470 |
| $7,115 |
| $20,048 |
| $5,315 |
| $7,333 |
| $5,546 |
| $18,194 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 59 |
| 36 |
| 95 |
| 50 |
| 30 |
| 50 |
| 130 |
| 316 |
| 128 |
| 127 |
| 571 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 6,215 |
| 6,640 |
| 6,541 |
| 19,396 |
| 6,513 |
| 6,500 |
| 7,165 |
| 20,178 |
| 5,631 |
| 7,461 |
| 5,673 |
| 18,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 533 |
| 560 |
| 687 |
| 1,780 |
| 602 |
| 520 |
| 510 |
| 1,632 |
| 560 |
| 594 |
| 451 |
| 1,605 |
|
HIGHWAY INFORMATION |
| 456 |
| 630 |
| 563 |
| 1,649 |
| 309 |
| 455 |
| 419 |
| 1,183 |
| 319 |
| 358 |
| 266 |
| 943 |
|
NATIONAL SIGNAL |
| 609 |
| 493 |
| 355 |
| 1,457 |
| 593 |
| 494 |
| 470 |
| 1,557 |
| 550 |
| 362 |
| 464 |
| 1,376 |
|
SURFACE SYSTEMS, INC. |
| 908 |
| 590 |
| 696 |
| 2,194 |
| 520 |
| 676 |
| 1,028 |
| 2,224 |
| 342 |
| 573 |
| 1,025 |
| 1,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| 4,191 |
| 4,133 |
| 4,384 |
| 12,708 |
| 4,500 |
| 4,000 |
| 4,000 |
| 12,500 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 6,697 |
| 6,406 |
| 6,685 |
| 19,788 |
| 6,524 |
| 6,145 |
| 6,427 |
| 19,096 |
| 1,771 |
| 1,887 |
| 2,206 |
| 5,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $12,912 |
| $13,046 |
| $13,226 |
| $39,184 |
| $13,037 |
| $12,645 |
| $13,592 |
| $39,274 |
| $7,402 |
| $9,348 |
| $7,879 |
| $24,629 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Jul-03 |
| Aug-03 |
| Sep-03 |
| 1ST QTR |
| Jul-03 |
| Aug-03 |
| Sep-03 |
| 1ST QTR |
| Jul-02 |
| Aug-02 |
| Sep-02 |
| 1ST QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,167 |
| $1,353 |
| $1,202 |
| $3,722 |
| $1,525 |
| $1,330 |
| $1,760 |
| $4,615 |
| $1,357 |
| $2,261 |
| $523 |
| $4,141 |
|
ENERGY - EUROPE/AUSTRALIA |
| (13 | ) | 40 |
| 12 |
| 39 |
| 30 |
| 18 |
| 30 |
| 78 |
| 163 |
| 25 |
| 36 |
| 224 |
|
ENERGY - AL |
| 177 |
| 178 |
| 182 |
| 537 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 87 |
| 83 |
| 15 |
| 185 |
| 35 |
| 31 |
| 38 |
| 104 |
| 67 |
| 16 |
| 55 |
| 138 |
|
SUBTOTAL |
| 1,418 |
| 1,654 |
| 1,411 |
| 4,483 |
| 1,590 |
| 1,379 |
| 1,828 |
| 4,797 |
| 1,587 |
| 2,302 |
| 614 |
| 4,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 188 |
| 182 |
| 328 |
| 698 |
| 130 |
| 106 |
| 95 |
| 331 |
| 227 |
| 207 |
| 53 |
| 487 |
|
HIGHWAY INFORMATION |
| 42 |
| 211 |
| 32 |
| 285 |
| 47 |
| 155 |
| 121 |
| 323 |
| 147 |
| 32 |
| 30 |
| 209 |
|
NATIONAL SIGNAL |
| 20 |
| (47 | ) | 121 |
| 94 |
| (16 | ) | (37 | ) | (36 | ) | (89 | ) | 32 |
| (121 | ) | 31 |
| (58 | ) |
SURFACE SYSTEMS, INC. |
| (196 | ) | (244 | ) | 201 |
| (239 | ) | (250 | ) | (151 | ) | (15 | ) | (416 | ) | (275 | ) | (184 | ) | 47 |
| (412 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| (344 | ) | 324 |
| 554 |
| 534 |
| 496 |
| 322 |
| 375 |
| 1,193 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| (290 | ) | 426 |
| 1,236 |
| 1,372 |
| 407 |
| 395 |
| 540 |
| 1,342 |
| 131 |
| (66 | ) | 161 |
| 226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,128 |
| 2,080 |
| 2,647 |
| 5,855 |
| 1,997 |
| 1,774 |
| 2,368 |
| 6,139 |
| 1,718 |
| 2,236 |
| 775 |
| 4,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (570 | ) | (872 | ) | (304 | ) | (1,746 | ) | (545 | ) | (553 | ) | (579 | ) | (1,677 | ) | (413 | ) | (585 | ) | (821 | ) | (1,819 | ) |
OTHER |
| 0 |
| 0 |
| 0 |
| 0 |
| 83 |
| 83 |
| 83 |
| 249 |
|
|
|
|
|
|
| 0 |
|
INTEREST INCOME (EXPENSE) |
| (136 | ) | (165 | ) | (182 | ) | (483 | ) | (163 | ) | (163 | ) | (163 | ) | (489 | ) | (90 | ) | (85 | ) | (40 | ) | (215 | ) |
SUB-TOTAL |
| (706 | ) | (1,037 | ) | (486 | ) | (2,229 | ) | (625 | ) | (633 | ) | (659 | ) | (1,917 | ) | (503 | ) | (670 | ) | (861 | ) | (2,034 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| 422 |
| 1,043 |
| 2,161 |
| 3,626 |
| 1,372 |
| 1,141 |
| 1,709 |
| 4,222 |
| 1,215 |
| 1,566 |
| (86 | ) | 2,695 |
|
INCOME TAXES |
| 152 |
| 375 |
| 778 |
| 1,305 |
| 494 |
| 411 |
| 615 |
| 1,520 |
| 425 |
| 548 |
| 57 |
| 916 |
|
NET EARNINGS (CONT.) |
| $270 |
| $668 |
| $1,383 |
| $2,321 |
| $878 |
| $730 |
| $1,094 |
| $2,702 |
| $790 |
| $1,018 |
| $(143 | ) | $1,779 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $0.031 |
| $0.077 |
| $0.159 |
| $0.267 |
| $0.102 |
| $0.085 |
| $0.127 |
| $0.314 |
| $0.099 |
| $0.127 |
| $(0.018 | ) | $0.222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,680 |
| 8,680 |
| 8,680 |
| 8,680 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,018 |
| 8,018 |
| 8,018 |
| 8,018 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Oct-03 |
| Nov-03 |
| Dec-03 |
| 2ND QTR |
| Oct-03 |
| Nov-03 |
| Dec-03 |
| 2ND QTR |
| Oct-02 |
| Nov-02 |
| Dec-02 |
| 2ND QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $5,793 |
| $5,016 |
| 5,533 |
| $16,342 |
| $7,342 |
| $6,588 |
| $5,294 |
| $19,224 |
| $6,119 |
| $5,246 |
| $5,527 |
| $16,892 |
|
ENERGY - EUROPE/AUSTRALIA |
| 26 |
| 42 |
| 3 |
| 71 |
| 40 |
| 50 |
| 30 |
| 120 |
| 104 |
| 81 |
| 144 |
| 329 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 5,819 |
| 5,058 |
| 5,536 |
| 16,413 |
| 7,382 |
| 6,638 |
| 5,324 |
| 19,344 |
| 6,223 |
| 5,327 |
| 5,671 |
| 17,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 386 |
| 482 |
| 608 |
| 1,476 |
| 540 |
| 425 |
| 355 |
| 1,320 |
| 414 |
| 692 |
| 2,075 |
| 3,181 |
|
HIGHWAY INFORMATION |
| 471 |
| 160 |
| 493 |
| 1,124 |
| 377 |
| 393 |
| 278 |
| 1,048 |
| 207 |
| 62 |
| 126 |
| 395 |
|
NATIONAL SIGNAL |
| 0 |
| 0 |
| 0 |
| 0 |
| 439 |
| 309 |
| 445 |
| 1,193 |
| 452 |
| 286 |
| 939 |
| 1,677 |
|
SURFACE SYSTEMS, INC. |
| 1,038 |
| 791 |
| 1,106 |
| 2,935 |
| 1,345 |
| 1,283 |
| 1,168 |
| 3,796 |
| 1,163 |
| 957 |
| 1,044 |
| 3,164 |
|
PEEK |
| 0 |
| 0 |
| 2,314 |
| 2,314 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| 3,821 |
| 3,842 |
| 3,569 |
| 11,232 |
| 4,400 |
| 4,200 |
| 3,400 |
| 12,000 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 5,716 |
| 5,275 |
| 8,090 |
| 19,081 |
| 7,101 |
| 6,610 |
| 5,646 |
| 19,357 |
| 2,236 |
| 1,997 |
| 4,184 |
| 8,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $11,535 |
| $10,333 |
| $13,626 |
| $35,494 |
| $14,483 |
| $13,248 |
| $10,970 |
| $38,701 |
| $8,459 |
| $7,324 |
| $9,855 |
| $25,638 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Oct-03 |
| Nov-03 |
| Dec-03 |
| 2ND QTR |
| Oct-03 |
| Nov-03 |
| Dec-03 |
| 2ND QTR |
| Oct-02 |
| Nov-02 |
| Dec-02 |
| 2ND QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $618 |
| $579 |
| 1,589 |
| $2,786 |
| $1,958 |
| $1,553 |
| $1,074 |
| $4,585 |
| $1,450 |
| $853 |
| $853 |
| $3,156 |
|
ENERGY - EUROPE/AUSTRALIA |
| 9 |
| 10 |
| 43 |
| 62 |
| 24 |
| 30 |
| 18 |
| 72 |
| 17 |
| 16 |
| 95 |
| 128 |
|
ENERGY - AL |
| 164 |
| 143 |
| 166 |
| 473 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 40 |
| (9 | ) | 16 |
| 47 |
| 18 |
| 3 |
| (28 | ) | (7 | ) | (21 | ) | 51 |
| (66 | ) | (36 | ) |
SUBTOTAL |
| 831 |
| 723 |
| 1,814 |
| 3,368 |
| 2,000 |
| 1,586 |
| 1,064 |
| 4,650 |
| 1,446 |
| 920 |
| 882 |
| 3,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| (95 | ) | 100 |
| 162 |
| 167 |
| 125 |
| 32 |
| (15 | ) | 142 |
| 71 |
| 205 |
| 970 |
| 1,246 |
|
HIGHWAY INFORMATION |
| 169 |
| (98 | ) | 160 |
| 231 |
| 85 |
| 115 |
| 34 |
| 234 |
| (19 | ) | (127 | ) | 141 |
| (5 | ) |
NATIONAL SIGNAL |
| (191 | ) | (12 | ) | 0 |
| (203 | ) | (92 | ) | (99 | ) | (45 | ) | (236 | ) | (140 | ) | (409 | ) | 286 |
| (263 | ) |
SURFACE SYSTEMS, INC. |
| 57 |
| 3 |
| 245 |
| 305 |
| 10 |
| 108 |
| 160 |
| 278 |
| 121 |
| 11 |
| 4 |
| 136 |
|
PEEK |
| 0 |
| 0 |
| 131 |
| 131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| (172 | ) | (3 | ) | (577 | ) | (752 | ) | 359 |
| 395 |
| 158 |
| 912 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| (232 | ) | (10 | ) | 121 |
| (121 | ) | 487 |
| 551 |
| 292 |
| 1,330 |
| 33 |
| (320 | ) | 1,401 |
| 1,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 599 |
| 713 |
| 1,935 |
| 3,247 |
| 2,487 |
| 2,137 |
| 1,356 |
| 5,980 |
| 1,479 |
| 600 |
| 2,283 |
| 4,362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (658 | ) | (678 | ) | (683 | ) | (2,019 | ) | (542 | ) | (535 | ) | (568 | ) | (1,645 | ) | (548 | ) | (653 | ) | (629 | ) | (1,830 | ) |
OTHER |
| 0 |
| 0 |
| 0 |
| 0 |
| 83 |
| 83 |
| 83 |
| 249 |
|
|
|
|
|
|
| 0 |
|
INTEREST INCOME (EXPENSE) |
| (198 | ) | (200 | ) | (101 | ) | (499 | ) | (153 | ) | (153 | ) | (153 | ) | (459 | ) | (71 | ) | (92 | ) | (17 | ) | (180 | ) |
SUB-TOTAL |
| (856 | ) | (878 | ) | (784 | ) | (2,518 | ) | (612 | ) | (605 | ) | (638 | ) | (1,855 | ) | (619 | ) | (745 | ) | (646 | ) | (2,010 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| (257 | ) | (165 | ) | 1,151 |
| 729 |
| 1,875 |
| 1,532 |
| 718 |
| 4,125 |
| 860 |
| (145 | ) | 1,637 |
| 2,352 |
|
INCOME TAXES |
| (93 | ) | (59 | ) | 414 |
| 262 |
| 675 |
| 552 |
| 258 |
| 1,485 |
| 292 |
| (49 | ) | 557 |
| 800 |
|
NET EARNINGS (CONT.) |
| $(164 | ) | $(106 | ) | $737 |
| $467 |
| $1,200 |
| $980 |
| $460 |
| $2,640 |
| $568 |
| $(96 | ) | $1,080 |
| $1,552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $(0.019 | ) | $(0.012 | ) | $0.084 |
| $0.053 |
| $0.140 |
| $0.114 |
| $0.053 |
| $0.307 |
| $0.070 |
| $(0.012 | ) | $0.133 |
| $0.192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,733 |
| 8,733 |
| 8,733 |
| 8,733 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,099 |
| 8,099 |
| 8,099 |
| 8,099 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
| Jan-03 |
| Feb-03 |
| Mar-03 |
| 3RD QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT |
| ACT |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $4,920 |
| $4,694 |
| $7,293 |
| $16,907 |
| $5,800 |
| $5,590 |
| $8,293 |
| $19,683 |
| $4,940 |
| $4,975 |
| $7,376 |
| $17,291 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 8 |
| 28 |
| 36 |
| 40 |
| 40 |
| 50 |
| 130 |
| 63 |
| 254 |
| 228 |
| 545 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 4,920 |
| 4,702 |
| 7,321 |
| 16,943 |
| 5,840 |
| 5,630 |
| 8,343 |
| 19,813 |
| 5,003 |
| 5,229 |
| 7,604 |
| 17,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 415 |
| 406 |
| 548 |
| 1,369 |
| 760 |
| 820 |
| 840 |
| 2,420 |
| 934 |
| 406 |
| 592 |
| 1,932 |
|
HIGHWAY INFORMATION |
| 252 |
| 268 |
| 339 |
| 859 |
| 172 |
| 244 |
| 333 |
| 749 |
| 123 |
| 436 |
| 182 |
| 741 |
|
NATIONAL SIGNAL |
| 0 |
| 0 |
| 0 |
| 0 |
| 371 |
| 494 |
| 569 |
| 1,434 |
| 508 |
| 498 |
| 542 |
| 1,548 |
|
SURFACE SYSTEMS, INC. |
| 778 |
| 674 |
| 704 |
| 2,156 |
| 929 |
| 1,030 |
| 1,135 |
| 3,094 |
| 1,201 |
| 842 |
| 1,105 |
| 3,148 |
|
PEEK |
| 1,759 |
| 1,885 |
| 2,262 |
| 5,906 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| 3,304 |
| 1,901 |
| 3,731 |
| 8,936 |
| 2,800 |
| 3,200 |
| 3,500 |
| 9,500 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 6,508 |
| 5,134 |
| 7,584 |
| 19,226 |
| 5,032 |
| 5,788 |
| 6,377 |
| 17,197 |
| 2,766 |
| 2,182 |
| 2,421 |
| 7,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $11,428 |
| $9,836 |
| $14,905 |
| $36,169 |
| $10,872 |
| $11,418 |
| $14,720 |
| $37,010 |
| $7,769 |
| $7,411 |
| $10,025 |
| $25,205 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
| Jan-04 |
| Feb-04 |
| Mar-04 |
| 3RD QTR |
| Jan-03 |
| Feb-03 |
| Mar-03 |
| 3RD QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| FORE. |
| FORE. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $393 |
| $442 |
| $1,901 |
| $2,736 |
| $1,285 |
| $1,203 |
| $2,163 |
| $4,651 |
| $591 |
| $763 |
| $2,226 |
| $3,580 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 21 |
| 23 |
| 44 |
| 24 |
| 24 |
| 30 |
| 78 |
| 32 |
| 59 |
| (195 | ) | (104 | ) |
ENERGY - AL |
| 322 |
| (35 | ) | 173 |
| 460 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| (40 | ) | (88 | ) | 330 |
| 202 |
| 19 |
| 30 |
| 135 |
| 184 |
| 28 |
| 4 |
| 215 |
| 247 |
|
SUBTOTAL |
| 675 |
| 340 |
| 2,427 |
| 3,442 |
| 1,328 |
| 1,257 |
| 2,328 |
| 4,913 |
| 651 |
| 826 |
| 2,246 |
| 3,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 49 |
| 47 |
| 131 |
| 227 |
| 171 |
| 187 |
| 193 |
| 551 |
| 274 |
| 110 |
| 228 |
| 612 |
|
HIGHWAY INFORMATION |
| (30 | ) | (35 | ) | (51 | ) | (116 | ) | (41 | ) | 12 |
| 69 |
| 40 |
| (88 | ) | 107 |
| (14 | ) | 5 |
|
NATIONAL SIGNAL |
| (16 | ) | 0 |
| (36 | ) | (52 | ) | (79 | ) | (27 | ) | (3 | ) | (109 | ) | (29 | ) | (168 | ) | (119 | ) | (316 | ) |
SURFACE SYSTEMS, INC. |
| 9 |
| (49 | ) | (57 | ) | (97 | ) | 43 |
| 103 |
| 115 |
| 261 |
| (22 | ) | (109 | ) | 147 |
| 16 |
|
PEEK |
| 33 |
| 36 |
| 201 |
| 270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| (374 | ) | (1,003 | ) | (456 | ) | (1,833 | ) | (62 | ) | 86 |
| 220 |
| 244 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| (329 | ) | (1,004 | ) | (268 | ) | (1,601 | ) | 32 |
| 361 |
| 594 |
| 987 |
| 135 |
| (60 | ) | 242 |
| 317 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 346 |
| (664 | ) | 2,159 |
| 1,841 |
| 1,360 |
| 1,618 |
| 2,922 |
| 5,900 |
| 786 |
| 766 |
| 2,488 |
| 4,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (676 | ) | (696 | ) | (929 | ) | (2,301 | ) | (587 | ) | (549 | ) | (555 | ) | (1,691 | ) | (531 | ) | (526 | ) | (446 | ) | (1,503 | ) |
OTHER |
| 0 |
| 0 |
| (212 | ) | (212 | ) | 83 |
| 83 |
| 83 |
| 249 |
|
|
|
|
|
|
| 0 |
|
INTEREST INCOME (EXPENSE) |
| (191 | ) | (201 | ) | (190 | ) | (582 | ) | (158 | ) | (158 | ) | (158 | ) | (474 | ) | (67 | ) | (68 | ) | (41 | ) | (176 | ) |
SUB-TOTAL |
| (867 | ) | (897 | ) | (1,331 | ) | (3,095 | ) | (662 | ) | (624 | ) | (630 | ) | (1,916 | ) | (598 | ) | (594 | ) | (487 | ) | (1,679 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| (521 | ) | (1,561 | ) | 828 |
| (1,254 | ) | 698 |
| 994 |
| 2,292 |
| 3,984 |
| 188 |
| 172 |
| 2,001 |
| 2,361 |
|
INCOME TAXES |
| (188 | ) | (562 | ) | (950 | ) | (1,700 | ) | 251 |
| 358 |
| 825 |
| 1,434 |
| 64 |
| 58 |
| 681 |
| 803 |
|
NET EARNINGS (CONT.) |
| $(333 | ) | $(999 | ) | $1,778 |
| $446 |
| $447 |
| $636 |
| $1,467 |
| $2,550 |
| $124 |
| $114 |
| $1,320 |
| $1,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $(0.037 | ) | $(0.112 | ) | $0.200 |
| $0.050 |
| $0.052 |
| $0.074 |
| $0.171 |
| $0.297 |
| $0.016 |
| $0.014 |
| $0.166 |
| $0.197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,881 |
| 8,881 |
| 8,881 |
| 8,881 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,600 |
| 7,928 |
| 7,928 |
| 7,928 |
| 7,928 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Apr-04 |
| May-04 |
| Jun-04 |
| 4TH QTR |
| Apr-04 |
| May-04 |
| Jun-04 |
| 4TH QTR |
| Apr-03 |
| May-03 |
| Jun-03 |
| 4TH QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $7,270 |
| $5,897 |
| $7,341 |
| $20,508 |
| $7,421 |
| $8,984 |
| $9,140 |
| $25,545 |
| $6,648 |
| $8,077 |
| $8,562 |
| $23,287 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| 12 |
| 10 |
| 22 |
| 50 |
| 40 |
| 30 |
| 120 |
|
|
| (15 | ) | 149 |
| 134 |
|
ENERGY - AL |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 7,270 |
| 5,909 |
| 7,351 |
| 20,530 |
| 7,471 |
| 9,024 |
| 9,170 |
| 25,665 |
| 6,648 |
| 8,062 |
| 8,711 |
| 23,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 335 |
| 331 |
| 546 |
| 1,212 |
| 905 |
| 935 |
| 840 |
| 2,680 |
| 423 |
| 249 |
| 648 |
| 1,320 |
|
HIGHWAY INFORMATION |
| 331 |
| 343 |
| 434 |
| 1,108 |
| 267 |
| 336 |
| 424 |
| 1,027 |
| 335 |
| 488 |
| 699 |
| 1,522 |
|
NATIONAL SIGNAL |
| 0 |
| 0 |
| (3 | ) | (3 | ) | 612 |
| 655 |
| 729 |
| 1,996 |
| 1,206 |
| 519 |
| 676 |
| 2,401 |
|
SURFACE SYSTEMS, INC. |
| 714 |
| 676 |
| 1,935 |
| 3,325 |
| 1,325 |
| 1,401 |
| 2,160 |
| 4,886 |
| 739 |
| 1,303 |
| 2,155 |
| 4,197 |
|
PEEK |
| 2,039 |
| 1,835 |
| 2,390 |
| 6,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US TRAFFIC |
| 2,434 |
| 2,547 |
| 2,026 |
| 7,007 |
| 3,200 |
| 3,800 |
| 4,000 |
| 11,000 |
|
|
|
|
| 5,977 |
| 5,977 |
|
SUB TOTAL |
| 5,853 |
| 5,732 |
| 7,328 |
| 18,913 |
| 6,309 |
| 7,127 |
| 8,153 |
| 21,589 |
| 2,703 |
| 2,559 |
| 10,155 |
| 15,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $13,123 |
| $11,641 |
| $14,679 |
| $39,443 |
| $13,780 |
| $16,151 |
| $17,323 |
| $47,254 |
| $9,351 |
| $10,621 |
| $18,866 |
| $38,838 |
|
|
| FORECAST F/Y 2004 |
| BUDGET F/Y 2004 |
| ACTUAL F/Y 2003 |
| ||||||||||||||||||
|
| Apr-04 |
| May-04 |
| Jun-04 |
| 4TH QTR |
| Apr-04 |
| May-04 |
| Jun-04 |
| 4TH QTR |
| Apr-03 |
| May-03 |
| Jun-03 |
| 4TH QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,935 |
| $1,056 |
| $886 |
| $3,877 |
| $1,814 |
| $2,120 |
| $2,076 |
| $6,010 |
| $1,674 |
| $2,817 |
| $2,452 |
| $6,943 |
|
ENERGY - EUROPE/AUSTRALIA |
| 0 |
| (180 | ) | (8 | ) | (188 | ) | 30 |
| 24 |
| 18 |
| 72 |
|
|
| (56 | ) | 105 |
| 49 |
|
ENERGY - AL |
| 184 |
| 170 |
| 172 |
| 526 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
| 141 |
| 131 |
| 124 |
| 396 |
| 19 |
| 97 |
| 142 |
| 258 |
| (10 | ) | 141 |
| 249 |
| 380 |
|
SUBTOTAL |
| 2,260 |
| 1,177 |
| 1,174 |
| 4,611 |
| 1,863 |
| 2,241 |
| 2,236 |
| 6,340 |
| 1,664 |
| 2,902 |
| 2,806 |
| 7,372 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| (85 | ) | 19 |
| 252 |
| 186 |
| 213 |
| 267 |
| 210 |
| 690 |
| 85 |
| (162 | ) | 367 |
| 290 |
|
HIGHWAY INFORMATION |
| (39 | ) | 26 |
| 74 |
| 61 |
| 19 |
| 67 |
| 118 |
| 204 |
| 83 |
| 159 |
| 273 |
| 515 |
|
NATIONAL SIGNAL |
| (10 | ) | 0 |
| (19 | ) | (29 | ) | (44 | ) | 26 |
| 51 |
| 33 |
| 7 |
| (188 | ) | (12 | ) | (193 | ) |
SURFACE SYSTEMS, INC. |
| (122 | ) | (163 | ) | 516 |
| 231 |
| 138 |
| 163 |
| 376 |
| 677 |
| (115 | ) | 32 |
| 695 |
| 612 |
|
PEEK |
| 133 |
| 155 |
| 315 |
| 603 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
US TRAFFIC |
| (327 | ) | (731 | ) | (657 | ) | (1,715 | ) | 114 |
| 312 |
| 368 |
| 794 |
|
|
|
|
| 270 |
| 270 |
|
SUB TOTAL |
| (450 | ) | (694 | ) | 481 |
| (663 | ) | 440 |
| 835 |
| 1,123 |
| 2,398 |
| 60 |
| (159 | ) | 1,593 |
| 1,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,810 |
| 483 |
| 1,655 |
| 3,948 |
| 2,303 |
| 3,076 |
| 3,359 |
| 8,738 |
| 1,724 |
| 2,743 |
| 4,399 |
| 8,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (497 | ) | (663 | ) | (667 | ) | (1,827 | ) | (539 | ) | (547 | ) | (551 | ) | (1,637 | ) | (552 | ) | (477 | ) | (662 | ) | (1,691 | ) |
OTHER |
| 0 |
| 0 |
| (32,600 | ) | (32,600 | ) | 83 |
| 83 |
| 87 |
| 253 |
|
|
|
|
|
|
| 0 |
|
INTEREST INCOME (EXPENSE) |
| (292 | ) | (196 | ) | (62 | ) | (550 | ) | (148 | ) | (148 | ) | (147 | ) | (443 | ) | (65 | ) | (86 | ) | (80 | ) | (231 | ) |
SUB-TOTAL |
| (789 | ) | (859 | ) | (33,329 | ) | (34,977 | ) | (604 | ) | (612 | ) | (611 | ) | (1,827 | ) | (617 | ) | (563 | ) | (742 | ) | (1,922 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| 1,021 |
| (376 | ) | (31,674 | ) | (31,029 | ) | 1,699 |
| 2,464 |
| 2,748 |
| 6,911 |
| 1,107 |
| 2,180 |
| 3,657 |
| 6,944 |
|
INCOME TAXES |
| 368 |
| (135 | ) | (11,021 | ) | (10,788 | ) | 612 |
| 887 |
| 989 |
| 2,488 |
| 376 |
| 741 |
| 1,244 |
| 2,361 |
|
NET EARNINGS (CONT.) |
| $653 |
| $(241 | ) | $(20,653 | ) | $(20,241 | ) | $1,087 |
| $1,577 |
| $1,759 |
| $4,423 |
| $731 |
| $1,439 |
| $2,413 |
| $4,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $0.074 |
| $(0.027 | ) | $(2.326 | ) | $(2.279 | ) | $0.126 |
| $0.183 |
| $0.205 |
| $0.514 |
| $0.089 |
| $0.175 |
| $0.293 |
| $0.556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,881 |
| 8,881 |
| 8,881 |
| 8,881 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,600 |
| 8,239 |
| 8,239 |
| 8,239 |
| 8,239 |
|
QUIXOTE CORPORATION
SALES BY COMPANY
FISCAL 2003
RUNNING FORECAST
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2003 |
|
NET SALES |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $5,315 |
| $7,333 |
| $5,546 |
| $18,194 |
| $6,119 |
| $5,246 |
| $5,527 |
| $16,892 |
| $4,940 |
| $4,975 |
| $7,376 |
| $17,291 |
| $6,648 |
| $8,077 |
| $8,562 |
| $23,287 |
| $75,664 |
|
ENERGY - AUSTRALIA |
| 187 |
| 115 |
| 44 |
| 346 |
| 77 |
| 79 |
| 82 |
| 238 |
| 57 |
| 225 |
| 141 |
| 423 |
| 0 |
| 29 |
| 9 |
| 38 |
| 1,045 |
|
ENERGY - EUROPE |
| 129 |
| 13 |
| 83 |
| 225 |
| 27 |
| 2 |
| 62 |
| 91 |
| 6 |
| 29 |
| 87 |
| 122 |
| 0 |
| (44 | ) | 140 |
| 96 |
| 534 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
|
SUB TOTAL |
| 5,631 |
| 7,461 |
| 5,673 |
| 18,765 |
| 6,223 |
| 5,327 |
| 5,671 |
| 17,221 |
| 5,003 |
| 5,229 |
| 7,604 |
| 17,836 |
| 6,648 |
| 8,062 |
| 8,711 |
| 23,421 |
| 77,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 560 |
| 594 |
| 451 |
| 1,605 |
| 414 |
| 692 |
| 2,075 |
| 3,181 |
| 934 |
| 406 |
| 592 |
| 1,932 |
| 423 |
| 249 |
| 648 |
| 1,320 |
| 8,038 |
|
HIGHWAY INFORMATION |
| 319 |
| 358 |
| 266 |
| 943 |
| 207 |
| 62 |
| 126 |
| 395 |
| 123 |
| 436 |
| 182 |
| 741 |
| 335 |
| 488 |
| 699 |
| 1,522 |
| 3,601 |
|
NATIONAL SIGNAL |
| 550 |
| 362 |
| 464 |
| 1,376 |
| 452 |
| 286 |
| 939 |
| 1,677 |
| 508 |
| 498 |
| 542 |
| 1,548 |
| 1,206 |
| 519 |
| 676 |
| 2,401 |
| 7,002 |
|
SURFACE SYSTEMS |
| 342 |
| 573 |
| 1,025 |
| 1,940 |
| 1,163 |
| 957 |
| 1,044 |
| 3,164 |
| 1,201 |
| 842 |
| 1,105 |
| 3,148 |
| 739 |
| 1,303 |
| 2,155 |
| 4,197 |
| 12,449 |
|
US TRAFFIC |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| 5,977 |
| 5,977 |
| 5,977 |
|
SUB TOTAL |
| 1,771 |
| 1,887 |
| 2,206 |
| 5,864 |
| 2,236 |
| 1,997 |
| 4,184 |
| 8,417 |
| 2,766 |
| 2,182 |
| 2,421 |
| 7,369 |
| 2,703 |
| 2,559 |
| 10,155 |
| 15,417 |
| 37,067 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $7,402 |
| $9,348 |
| $7,879 |
| $24,629 |
| $8,459 |
| $7,324 |
| $9,855 |
| $25,638 |
| $7,769 |
| $7,411 |
| $10,025 |
| $25,205 |
| $9,351 |
| $10,621 |
| $18,866 |
| $38,838 |
| $114,310 |
|
ORIGINAL BUDGET
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2002 |
|
NET SALES |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $5,068 |
| $6,161 |
| $6,421 |
| $17,650 |
| $5,438 |
| $5,131 |
| $5,581 |
| $16,150 |
| $5,361 |
| $5,230 |
| $8,159 |
| $18,750 |
| $6,181 |
| $6,991 |
| $8,978 |
| $22,150 |
| $74,700 |
|
ENERGY - AUSTRALIA |
| 200 |
| 0 |
| 0 |
| 200 |
| 50 |
| 50 |
| 100 |
| 200 |
| 0 |
| 0 |
| 100 |
| 100 |
| 0 |
| 50 |
| 150 |
| 200 |
| 700 |
|
ENERGY - EUROPE |
| 50 |
| 50 |
| 50 |
| 150 |
| 50 |
| 50 |
| 50 |
| 150 |
| 50 |
| 50 |
| 50 |
| 150 |
| 50 |
| 50 |
| 50 |
| 150 |
| 600 |
|
SPIN-CAST PLASTICS |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
SUB TOTAL |
| 5,318 |
| 6,211 |
| 6,471 |
| 18,000 |
| 5,538 |
| 5,231 |
| 5,731 |
| 16,500 |
| 5,411 |
| 5,280 |
| 8,309 |
| 19,000 |
| 6,231 |
| 7,091 |
| 9,178 |
| 22,500 |
| 76,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 517 |
| 617 |
| 441 |
| 1,575 |
| 465 |
| 373 |
| 331 |
| 1,169 |
| 660 |
| 620 |
| 514 |
| 1,794 |
| 713 |
| 626 |
| 636 |
| 1,975 |
| 6,513 |
|
HIGHWAY INFORMATION |
| 350 |
| 347 |
| 360 |
| 1,057 |
| 342 |
| 358 |
| 222 |
| 922 |
| 181 |
| 177 |
| 257 |
| 615 |
| 446 |
| 487 |
| 499 |
| 1,432 |
| 4,026 |
|
NATIONAL SIGNAL |
| 372 |
| 1,061 |
| 796 |
| 2,229 |
| 636 |
| 583 |
| 319 |
| 1,538 |
| 266 |
| 319 |
| 478 |
| 1,063 |
| 585 |
| 638 |
| 532 |
| 1,755 |
| 6,585 |
|
SURFACE SYSTEMS |
| 323 |
| 548 |
| 753 |
| 1,624 |
| 1,611 |
| 1,118 |
| 933 |
| 3,662 |
| 670 |
| 679 |
| 772 |
| 2,121 |
| 1,085 |
| 1,396 |
| 3,113 |
| 5,594 |
| 13,001 |
|
US TRAFFIC |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
| 1 |
| 1 |
| 2 |
| 2 |
|
SUB TOTAL |
| 1,562 |
| 2,573 |
| 2,350 |
| 6,485 |
| 3,054 |
| 2,432 |
| 1,805 |
| 7,291 |
| 1,777 |
| 1,795 |
| 2,021 |
| 5,593 |
| 2,829 |
| 3,148 |
| 4,781 |
| 10,758 |
| 30,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $6,880 |
| $8,784 |
| $8,821 |
| $24,485 |
| $8,592 |
| $7,663 |
| $7,536 |
| $23,791 |
| $7,188 |
| $7,075 |
| $10,330 |
| $24,593 |
| $9,060 |
| $10,239 |
| $13,959 |
| $33,258 |
| $106,127 |
|
QUIXOTE CORPORATION
EARNINGS BBEFORE TAXES AND CORPORATE FEE
2003
RUNNING FORECAST
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2003 |
|
|
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,357 |
| $2,261 |
| $523 |
| $4,141 |
| $1,450 |
| $853 |
| $853 |
| $3,156 |
| $591 |
| $763 |
| $2,226 |
| $3,580 |
| $1,674 |
| $2,817 |
| $2,452 |
| $6,943 |
| $17,820 |
|
ENERGY - AUSTRALIA |
| 47 |
| 13 |
| (24 | ) | 36 |
| 6 |
| 14 |
| 16 |
| 36 |
| 27 |
| 52 |
| (249 | ) | (170 | ) | 0 |
| 2 |
| 22 |
| 24 |
| (74 | ) |
ENERGY - EUROPE |
| 116 |
| 12 |
| 60 |
| 188 |
| 11 |
| 2 |
| 79 |
| 92 |
| 5 |
| 7 |
| 54 |
| 66 |
| 0 |
| (58 | ) | 83 |
| 25 |
| 371 |
|
SPIN-CAST PLASTICS |
| 67 |
| 16 |
| 55 |
| 138 |
| (21 | ) | 51 |
| (66 | ) | (36 | ) | 28 |
| 4 |
| 215 |
| 247 |
| (10 | ) | 141 |
| 249 |
| 380 |
| 729 |
|
SUBTOTAL |
| 1,587 |
| 2,302 |
| 614 |
| 4,503 |
| 1,446 |
| 920 |
| 882 |
| 3,248 |
| 651 |
| 826 |
| 2,246 |
| 3,723 |
| 1,664 |
| 2,902 |
| 2,806 |
| 7,372 |
| 18,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 227 |
| 207 |
| 53 |
| 487 |
| 71 |
| 205 |
| 970 |
| 1,246 |
| 274 |
| 110 |
| 228 |
| 612 |
| 85 |
| (162 | ) | 367 |
| 290 |
| 2,635 |
|
HIGHWAY INFORMATION |
| 147 |
| 32 |
| 30 |
| 209 |
| (19 | ) | (127 | ) | 141 |
| (5 | ) | (88 | ) | 107 |
| (14 | ) | 5 |
| 83 |
| 159 |
| 273 |
| 515 |
| 724 |
|
NATIONAL SIGNAL |
| 32 |
| (121 | ) | 31 |
| (58 | ) | (140 | ) | (409 | ) | 286 |
| (263 | ) | (29 | ) | (168 | ) | (119 | ) | (316 | ) | 7 |
| (188 | ) | (12 | ) | (193 | ) | (830 | ) |
SURFACE SYSTEMS |
| (275 | ) | (184 | ) | 47 |
| (412 | ) | 121 |
| 11 |
| 4 |
| 136 |
| (22 | ) | (109 | ) | 147 |
| 16 |
| (115 | ) | 32 |
| 695 |
| 612 |
| 352 |
|
US TRAFFIC |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| 270 |
| 270 |
| 270 |
|
SUBTOTAL |
| 131 |
| (66 | ) | 161 |
| 226 |
| 33 |
| (320 | ) | 1,401 |
| 1,114 |
| 135 |
| (60 | ) | 242 |
| 317 |
| 60 |
| (159 | ) | 1,593 |
| 1,494 |
| 3,151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (413 | ) | (585 | ) | (821 | ) | (1,819 | ) | (548 | ) | (653 | ) | (629 | ) | (1,830 | ) | (531 | ) | (526 | ) | (446 | ) | (1,503 | ) | (552 | ) | (477 | ) | (662 | ) | (1,691 | ) | (6,843 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
INTEREST INC. (EXP.) |
| (90 | ) | (85 | ) | (40 | ) | (215 | ) | (71 | ) | (92 | ) | (17 | ) | (180 | ) | (67 | ) | (68 | ) | (41 | ) | (176 | ) | (65 | ) | (86 | ) | (80 | ) | (231 | ) | (802 | ) |
SUB-TOTAL |
| (503 | ) | (670 | ) | (861 | ) | (2,034 | ) | (619 | ) | (745 | ) | (646 | ) | (2,010 | ) | (598 | ) | (594 | ) | (487 | ) | (1,679 | ) | (617 | ) | (563 | ) | (742 | ) | (1,922 | ) | (7,645 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS B/4 TAXES |
| 1,215 |
| 1,566 |
| (86 | ) | 2,695 |
| 860 |
| (145 | ) | 1,637 |
| 2,352 |
| 188 |
| 172 |
| 2,001 |
| 2,361 |
| 1,107 |
| 2,180 |
| 3,657 |
| 6,944 |
| 14,352 |
|
INCOME TAXES |
| 425 |
| 548 |
| (57 | ) | 916 |
| 292 |
| (49 | ) | 557 |
| 800 |
| 64 |
| 58 |
| 681 |
| 803 |
| 376 |
| 741 |
| 1,244 |
| 2,361 |
| 4,880 |
|
NET EARNINGS |
| 790 |
| 1,018 |
| (29 | ) | 1,779 |
| 568 |
| (96 | ) | 1,080 |
| 1,552 |
| 124 |
| 114 |
| 1,320 |
| 1,558 |
| 731 |
| 1,439 |
| 2,413 |
| 4,583 |
| 9,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE: |
| $0.099 |
| $0.127 |
| $(0.004 | ) | $0.222 |
| $0.070 |
| $(0.012 | ) | $0.133 |
| $0.192 |
| $0.016 |
| $0.014 |
| $0.166 |
| $0.197 |
| $0.089 |
| $0.175 |
| $0.293 |
| $0.556 |
| $1.175 |
|
OPERATING MARGINS
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2003 |
|
|
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| 26 | % | 31 | % | 9 | % | 23 | % | 24 | % | 16 | % | 15 | % | 19 | % | 12 | % | 15 | % | 30 | % | 21 | % | 25 | % | 35 | % | 29 | % | 30 | % | 24 | % |
ENERGY - AUSTRALIA |
| 25 | % | 11 | % | -55 | % | 10 | % | 8 | % | 18 | % | 20 | % | 15 | % | 47 | % | 23 | % | -177 | % | -40 | % | — |
| 7 | % | 244 | % | 63 | % | -7 | % |
ENERGY - EUROPE |
| 90 | % | 92 | % | 72 | % | 84 | % | 41 | % | 100 | % | 127 | % | 101 | % | 83 | % | 24 | % | 62 | % | 54 | % | — |
| 132 | % | 59 | % | 26 | % | 69 | % |
SPIN-CAST PLASTICS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTOTAL |
| 28 | % | 31 | % | 11 | % | 24 | % | 23 | % | 17 | % | 16 | % | 19 | % | 13 | % | 16 | % | 30 | % | 21 | % | 25 | % | 36 | % | 32 | % | 31 | % | 24 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 41 | % | 35 | % | 12 | % | 30 | % | 17 | % | 30 | % | 47 | % | 39 | % | 29 | % | 27 | % | 39 | % | 32 | % | 20 | % | -65 | % | 57 | % | 22 | % | 33 | % |
HIGHWAY INFORMATION |
| 46 | % | 9 | % | 11 | % | 22 | % | -9 | % | -205 | % | 112 | % | -1 | % | -72 | % | 25 | % | -8 | % | 1 | % | 25 | % | 33 | % | 39 | % | 34 | % | 20 | % |
NATIONAL SIGNAL |
| 6 | % | -33 | % | 7 | % | -4 | % | -31 | % | -143 | % | 30 | % | -16 | % | -6 | % | -34 | % | -22 | % | -20 | % | 1 | % | -36 | % | -2 | % | -8 | % | -12 | % |
SURFACE SYSTEMS |
| -80 | % | -32 | % | 5 | % | -21 | % | 10 | % | 1 | % | 0 | % | 4 | % | -2 | % | -13 | % | 13 | % | 1 | % | -16 | % | 2 | % | 32 | % | 15 | % | 3 | % |
US TRAFFIC |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 5 | % | 5 | % | 5 | % |
SUBTOTAL |
| 7 | % | -3 | % | 7 | % | 4 | % | 1 | % | -16 | % | 33 | % | 13 | % | 5 | % | -3 | % | 10 | % | 4 | % | 2 | % | -6 | % | 16 | % | 10 | % | 9 | % |
ORIGINAL BUDGET
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2003 |
|
|
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $757 |
| $1,476 |
| $1,632 |
| $3,865 |
| $980 |
| $768 |
| $1,060 |
| $2,808 |
| $905 |
| $816 |
| $2,928 |
| $4,649 |
| $1,271 |
| $1,826 |
| $3,024 |
| $6,121 |
| $17,443 |
|
ENERGY - AUSTRALIA |
| 19 |
| (10 | ) | (10 | ) | (1 | ) | (3 | ) | (1 | ) | 7 |
| 3 |
| (8 | ) | (6 | ) | 9 |
| (5 | ) | (5 | ) | 2 |
| 16 |
| 13 |
| 10 |
|
ENERGY - EUROPE |
| 50 |
| 50 |
| 50 |
| 150 |
| 50 |
| 50 |
| 50 |
| 150 |
| 50 |
| 50 |
| 50 |
| 150 |
| 50 |
| 50 |
| 50 |
| 150 |
| 600 |
|
SPIN-CAST PLASTICS |
| 10 |
| 11 |
| 12 |
| 33 |
| (39 | ) | (36 | ) | (39 | ) | (114 | ) | 82 |
| 93 |
| 93 |
| 268 |
| 97 |
| 95 |
| 97 |
| 289 |
| 476 |
|
SUBTOTAL |
| 836 |
| 1,527 |
| 1,684 |
| 4,047 |
| 988 |
| 781 |
| 1,078 |
| 2,847 |
| 1,029 |
| 953 |
| 3,080 |
| 5,062 |
| 1,413 |
| 1,973 |
| 3,187 |
| 6,573 |
| 18,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 55 |
| 129 |
| 9 |
| 193 |
| (29 | ) | (20 | ) | (62 | ) | (111 | ) | 176 |
| 146 |
| 65 |
| 387 |
| 210 |
| 73 |
| 157 |
| 440 |
| 909 |
|
HIGHWAY INFORMATION |
| 98 |
| 74 |
| 89 |
| 261 |
| 66 |
| 78 |
| (11 | ) | 133 |
| (38 | ) | (44 | ) | 17 |
| (65 | ) | 125 |
| 159 |
| 162 |
| 446 |
| 775 |
|
NATIONAL SIGNAL |
| (24 | ) | 262 |
| 141 |
| 379 |
| 62 |
| (19 | ) | (51 | ) | (8 | ) | (89 | ) | (51 | ) | 29 |
| (111 | ) | 81 |
| 54 |
| 55 |
| 398 |
| 980 |
|
SURFACE SYSTEMS |
| (373 | ) | (239 | ) | (114 | ) | (726 | ) | 438 |
| 194 |
| 38 |
| 670 |
| (79 | ) | (76 | ) | (66 | ) | (221 | ) | 101 |
| 241 |
| 935 |
| 1,277 |
| 1,000 |
|
US TRAFFIC |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 0 |
|
SUBTOTAL |
| (244 | ) | 226 |
| 125 |
| 107 |
| 537 |
| 233 |
| (86 | ) | 684 |
| (30 | ) | (25 | ) | 45 |
| (10 | ) | 517 |
| 527 |
| 1,309 |
| 2,561 |
| 3,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (477 | ) | (495 | ) | (488 | ) | (1,460 | ) | (548 | ) | (493 | ) | (499 | ) | (1,540 | ) | (519 | ) | (497 | ) | (496 | ) | (1,512 | ) | (490 | ) | (487 | ) | (496 | ) | (1,473 | ) | (5,985 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
|
|
|
|
|
INTEREST INC. (EXP.) |
| (123 | ) | (123 | ) | (123 | ) | (369 | ) | (121 | ) | (121 | ) | (121 | ) | (363 | ) | (120 | ) | (120 | ) | (120 | ) | (360 | ) | (118 | ) | (118 | ) | (118 | ) | (354 | ) | (1,446 | ) |
SUB-TOTAL |
| (600 | ) | (618 | ) | (611 | ) | (1,829 | ) | (669 | ) | (614 | ) | (620 | ) | (1,903 | ) | (639 | ) | (617 | ) | (616 | ) | (1,872 | ) | (608 | ) | (605 | ) | (614 | ) | (1,827 | ) | (7,431 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS B/4 TAXES |
| (8 | ) | 1,135 |
| 1,198 |
| 2,325 |
| 856 |
| 400 |
| 372 |
| 1,628 |
| 360 |
| 311 |
| 2,509 |
| 3,180 |
| 1,322 |
| 1,895 |
| 3,882 |
| 7,307 |
| 14,762 |
|
INCOME TAXES |
| (3 | ) | 409 |
| 431 |
| 837 |
| 308 |
| 144 |
| 134 |
| 586 |
| 130 |
| 112 |
| 903 |
| 1,145 |
| 476 |
| 682 |
| 1,398 |
| 2,556 |
| 5,124 |
|
EARNINGS FROM CONT. OPS. |
| (5 | ) | 726 |
| 767 |
| 1,488 |
| 548 |
| 256 |
| 238 |
| 1,042 |
| 230 |
| 199 |
| 1,606 |
| 2,035 |
| 846 |
| 1,213 |
| 2,484 |
| 4,751 |
| 9,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISCO. OPS. (NET) |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
|
|
| 0 |
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET EARNINGS |
| (5 | ) | 726 |
| 767 |
| 1,488 |
| 548 |
| 256 |
| 238 |
| 1,042 |
| 230 |
| 199 |
| 1,606 |
| 2,035 |
| 846 |
| 1,213 |
| 2,484 |
| 4,751 |
| 9,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONTINUING |
| $(0.001 | ) | $0.089 |
| $0.094 |
| $0.181 |
| $0.067 |
| $0.031 |
| $0.029 |
| $0.127 |
| $0.028 |
| $0.024 |
| $0.196 |
| $0.248 |
| $0.103 |
| $0.148 |
| $0.303 |
| $0.566 |
| $1.147 |
|
DISCONTINUED |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
| $0.000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET E.P.S. |
| $(0.001 | ) | $0.089 |
| $0.094 |
| $0.181 |
| $0.067 |
| $0.031 |
| $0.029 |
| $0.127 |
| $0.028 |
| $0.024 |
| $0.196 |
| $0.248 |
| $0.103 |
| $0.148 |
| $0.303 |
| $0.566 |
| $1.147 |
|
OPERATING MARGINS
|
| JULY |
| AUGUST |
| SEPTEMBER |
| 1ST QTR |
| OCTOBER |
| NOVEMBER |
| DECEMBER |
| 2ND QTR |
| JANUARY |
| FEBRUARY |
| MARCH |
| 3RD QTR |
| APRIL |
| MAY |
| JUNE |
| 4TH QTR |
| F/Y 2002 |
|
|
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
| BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| 15 | % | 24 | % | 25 | % | 22 | % | 18 | % | 15 | % | 19 | % | 17 | % | 17 | % | 16 | % | 36 | % | 25 | % | 21 | % | 26 | % | 34 | % | 28 | % | 23 | % |
ENERGY - AUSTRALIA |
| 10 | % | — |
| — |
| -1 | % | -6 | % | -2 | % | 7 | % | 2 | % | — |
| — |
| 9 | % | -5 | % | — |
| 4 | % | 11 | % | 7 | % | 1 | % |
ENERGY - EUROPE |
| 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % |
SPIN-CAST PLASTICS |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
SUBTOTAL |
| 16 | % | 25 | % | 26 | % | 22 | % | 18 | % | 15 | % | 19 | % | 17 | % | 19 | % | 18 | % | 37 | % | 27 | % | 23 | % | 28 | % | 35 | % | 29 | % | 24 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 11 | % | 21 | % | 2 | % | 12 | % | -6 | % | -5 | % | -19 | % | -9 | % | 27 | % | 24 | % | 13 | % | 22 | % | 29 | % | 12 | % | 25 | % | 22 | % | 14 | % |
HIGHWAY INFORMATION |
| 28 | % | 21 | % | 25 | % | 25 | % | 19 | % | 22 | % | -5 | % | 14 | % | -21 | % | -25 | % | 7 | % | -11 | % | 28 | % | 33 | % | 32 | % | 31 | % | 19 | % |
NATIONAL SIGNAL |
| -6 | % | 25 | % | 18 | % | 17 | % | 10 | % | -3 | % | -16 | % | -1 | % | -33 | % | -16 | % | 6 | % | -10 | % | 14 | % | 8 | % | 10 | % | 23 | % | 15 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SURFACE SYSTEMS |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| 0 | % | 0 | % | 0 | % | 0 | % |
SUBTOTAL |
| -16 | % | 9 | % | 5 | % | 2 | % | 18 | % | 10 | % | -5 | % | 9 | % | -2 | % | -1 | % | 2 | % | 0 | % | 18 | % | 17 | % | 27 | % | 24 | % | 12 | % |
QUIXOTE CORPORATION
SALES AND EARNINGS ANALYSIS
|
| FORECAST F/Y 2003 |
| BUDGET F/Y 2003 |
| ACTUAL F/Y 2002 |
| ||||||||||||||||||
|
| Jul-02 |
| Aug-02 |
| Sep-02 |
| 1ST QTR |
| Jul-02 |
| Aug-02 |
| Sep-02 |
| 1ST QTR |
| Jul-01 |
| Aug-01 |
| Sep-01 |
| 1ST QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $5,315 |
| $7,333 |
| $5,546 |
| $18,194 |
| $5,068 |
| $6,161 |
| $6,421 |
| $17,650 |
| $4,230 |
| $4,048 |
| $5,054 |
| $13,332 |
|
ENERGY - EUROPE |
| 129 |
| 13 |
| 83 |
| 225 |
| 50 |
| 50 |
| 50 |
| 150 |
| 0 |
| 0 |
| 31 |
| 31 |
|
ENERGY - AUSTRALIA |
| 187 |
| 115 |
| 44 |
| 346 |
| 200 |
|
|
|
|
| 200 |
| 0 |
| 27 |
| 37 |
| 64 |
|
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 416 |
| 681 |
| 468 |
| 1,565 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 172 |
| 210 |
| 103 |
| 485 |
|
SUB TOTAL |
| 5,631 |
| 7,461 |
| 5,673 |
| 18,765 |
| 5,318 |
| 6,211 |
| 6,471 |
| 18,000 |
| 4,818 |
| 4,966 |
| 5,693 |
| 15,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 560 |
| 594 |
| 451 |
| 1,605 |
| 517 |
| 617 |
| 441 |
| 1,575 |
| 505 |
| 481 |
| 368 |
| 1,354 |
|
HIGHWAY INFORMATION |
| 319 |
| 358 |
| 266 |
| 943 |
| 350 |
| 347 |
| 360 |
| 1,057 |
| 370 |
| 670 |
| 531 |
| 1,571 |
|
NATIONAL SIGNAL |
| 550 |
| 362 |
| 464 |
| 1,376 |
| 372 |
| 1,061 |
| 796 |
| 2,229 |
| 576 |
| 459 |
| 534 |
| 1,569 |
|
SURFACE SYSTEMS, INC. |
| 342 |
| 573 |
| 1,025 |
| 1,940 |
| 323 |
| 548 |
| 753 |
| 1,624 |
| 843 |
| 843 |
|
|
|
|
|
SUB TOTAL |
| 1,771 |
| 1,887 |
| 2,206 |
| 5,864 |
| 1,562 |
| 2,573 |
| 2,350 |
| 6,485 |
| 1,451 |
| 1,610 |
| 2,276 |
| 5,337 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $7,402 |
| $9,348 |
| $7,879 |
| $24,629 |
| $6,880 |
| $8,784 |
| $8,821 |
| $24,485 |
| $6,269 |
| $6,576 |
| $7,969 |
| $20,814 |
|
|
| FORECAST F/Y 2003 |
| BUDGET F/Y 2003 |
| ACTUAL F/Y 2002 |
| ||||||||||||||||||
|
| Jul-02 |
| Aug-02 |
| Sep-02 |
| 1ST QTR |
| Jul-02 |
| Aug-02 |
| Sep-02 |
| 1ST QTR |
| Jul-01 |
| Aug-01 |
| Sep-01 |
| 1ST QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,357 |
| $2,261 |
| $523 |
| $4,141 |
| $757 |
| $1,476 |
| $1,632 |
| $3,865 |
| $768 |
| $(200 | ) | $1,192 |
| $1,760 |
|
ENERGY - EUROPE |
| 116 |
| 12 |
| 60 |
| 188 |
| 50 |
| 50 |
| 50 |
| 150 |
| 0 |
| 0 |
| 3 |
| 3 |
|
ENERGY - AUSTRALIA |
| 47 |
| 13 |
| (24 | ) | 36 |
| 19 |
| (10 | ) | (10 | ) | (1 | ) | 0 |
| (23 | ) | (5 | ) | (28 | ) |
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 36 |
| 132 |
| 94 |
| 262 |
|
SPIN-CAST PLASTICS |
| 67 |
| 16 |
| 55 |
| 138 |
| 10 |
| 11 |
| 12 |
| 33 |
| 22 |
| 156 |
| (89 | ) | 89 |
|
SUBTOTAL |
| 1,587 |
| 2,302 |
| 614 |
| 4,503 |
| 836 |
| 1,527 |
| 1,684 |
| 4,047 |
| 826 |
| 65 |
| 1,195 |
| 2,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 227 |
| 207 |
| 53 |
| 487 |
| 55 |
| 129 |
| 9 |
| 193 |
| 136 |
| 100 |
| (60 | ) | 176 |
|
HIGHWAY INFORMATION |
| 147 |
| 32 |
| 30 |
| 209 |
| 98 |
| 74 |
| 89 |
| 261 |
| 153 |
| 114 |
| 230 |
| 497 |
|
NATIONAL SIGNAL |
| 32 |
| (121 | ) | 31 |
| (58 | ) | (24 | ) | 262 |
| 141 |
| 379 |
| 24 |
| (75 | ) | 2 |
| (49 | ) |
SURFACE SYSTEMS, INC. |
| (275 | ) | (184 | ) | 47 |
| (412 | ) | (373 | ) | (239 | ) | (114 | ) | (726 | ) | 82 |
| 82 |
|
|
|
|
|
SUB TOTAL |
| 131 |
| (66 | ) | 161 |
| 226 |
| (244 | ) | 226 |
| 125 |
| 107 |
| 313 |
| 139 |
| 254 |
| 706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,718 |
| 2,236 |
| 775 |
| 4,729 |
| 592 |
| 1,753 |
| 1,809 |
| 4,154 |
| 1,139 |
| 204 |
| 1,449 |
| 2,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (413 | ) | (585 | ) | (821 | ) | (1,819 | ) | (477 | ) | (495 | ) | (488 | ) | (1,460 | ) | (403 | ) | (378 | ) | (422 | ) | (1,203 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| 749 |
| 749 |
|
INTEREST INCOME (EXPENSE) |
| (90 | ) | (85 | ) | (40 | ) | (215 | ) | (123 | ) | (123 | ) | (123 | ) | (369 | ) | (165 | ) | (166 | ) | (29 | ) | (360 | ) |
SUB-TOTAL |
| (503 | ) | (670 | ) | (861 | ) | (2,034 | ) | (600 | ) | (618 | ) | (611 | ) | (1,829 | ) | (568 | ) | (544 | ) | 298 |
| (814 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| 1,215 |
| 1,566 |
| (86 | ) | 2,695 |
| (8 | ) | 1,135 |
| 1,198 |
| 2,325 |
| 571 |
| (340 | ) | 1,747 |
| 1,978 |
|
INCOME TAXES |
| 425 |
| 548 |
| 57 |
| 916 |
| (3 | ) | 409 |
| 431 |
| 837 |
| 206 |
| (122 | ) | 628 |
| 712 |
|
NET EARNINGS (CONT.) |
| $790 |
| $1,018 |
| $(143 | ) | $1,779 |
| $(5 | ) | $726 |
| $767 |
| $1,488 |
| $365 |
| $(218 | ) | $1,119 |
| $1,266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $0.099 |
| $0.127 |
| $(0.018 | ) | $0.222 |
| $(0.001 | ) | $0.089 |
| $0.094 |
| $0.181 |
| $0.045 |
| $(0.027 | ) | $0.137 |
| $0.155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,018 |
| 8,018 |
| 8,018 |
| 8,018 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,186 |
| 8,186 |
| 8,186 |
| 8,186 |
|
|
| ACTUAL F/Y 2003 |
| BUDGET F/Y 2003 |
| ACTUAL F/Y 2002 |
| ||||||||||||||||||
|
| Oct-02 |
| Nov-02 |
| Dec-02 |
| 2ND QTR |
| Oct-02 |
| Nov-02 |
| Dec-02 |
| 2ND QTR |
| Oct-01 |
| Nov-01 |
| Dec-01 |
| 2ND QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,119 |
| $5,246 |
| $5,527 |
| $16,892 |
| $5,438 |
| $5,131 |
| $5,581 |
| $16,150 |
| $4,532 |
| $3,976 |
| $4,433 |
| $12,941 |
|
ENERGY - EUROPE |
| 27 |
| 2 |
| 62 |
| 91 |
| 50 |
| 50 |
| 50 |
| 150 |
| 0 |
|
|
|
|
|
|
|
ENERGY - AUSTRALIA |
| 77 |
| 79 |
| 82 |
| 238 |
| 50 |
| 50 |
| 100 |
| 200 |
| 158 |
| 67 |
| (2 | ) | 223 |
|
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 514 |
| 322 |
| 470 |
| 1,306 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 105 |
| 59 |
| 31 |
| 195 |
|
SUB TOTAL |
| 6,223 |
| 5,327 |
| 5,671 |
| 17,221 |
| 5,538 |
| 5,231 |
| 5,731 |
| 16,500 |
| 5,309 |
| 4,424 |
| 4,932 |
| 14,665 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 414 |
| 692 |
| 2,075 |
| 3,181 |
| 465 |
| 373 |
| 331 |
| 1,169 |
| 384 |
| 311 |
| 276 |
| 971 |
|
HIGHWAY INFORMATION |
| 207 |
| 62 |
| 126 |
| 395 |
| 342 |
| 358 |
| 222 |
| 922 |
| 140 |
| 212 |
| 207 |
| 559 |
|
NATIONAL SIGNAL |
| 452 |
| 286 |
| 939 |
| 1,677 |
| 636 |
| 583 |
| 319 |
| 1,538 |
| 401 |
| 201 |
| 320 |
| 922 |
|
SURFACE SYSTEMS, INC. |
| 1,163 |
| 957 |
| 1,044 |
| 3,164 |
| 1,611 |
| 1,118 |
| 933 |
| 3,662 |
| 1,121 |
| 671 |
| 1,049 |
| 2,841 |
|
SUB TOTAL |
| 2,236 |
| 1,997 |
| 4,184 |
| 8,417 |
| 3,054 |
| 2,432 |
| 1,805 |
| 7,291 |
| 2,046 |
| 1,395 |
| 1,852 |
| 5,293 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $8,459 |
| $7,324 |
| $9,855 |
| $25,638 |
| $8,592 |
| $7,663 |
| $7,536 |
| $23,791 |
| $7,355 |
| $5,819 |
| $6,784 |
| $19,958 |
|
|
| ACTUAL F/Y 2003 |
| BUDGET F/Y 2002 |
| ACTUAL F/Y 2002 |
| ||||||||||||||||||
|
| Oct-02 |
| Nov-02 |
| Dec-02 |
| 2ND QTR |
| Oct-02 |
| Nov-02 |
| Dec-02 |
| 2ND QTR |
| Oct-01 |
| Nov-01 |
| Dec-01 |
| 2ND QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $1,450 |
| $853 |
| $853 |
| $3,156 |
| $980 |
| $768 |
| $1,060 |
| $2,808 |
| $645 |
| $476 |
| $1,404 |
| $2,525 |
|
ENERGY - EUROPE |
| 11 |
| 2 |
| 79 |
| 92 |
| 50 |
| 50 |
| 50 |
| 150 |
| 0 |
|
|
|
|
|
|
|
ENERGY - AUSTRALIA |
| 6 |
| 14 |
| 16 |
| 36 |
| (3 | ) | (1 | ) | 7 |
| 3 |
| (8 | ) | (25 | ) | (9 | ) | (42 | ) |
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 43 |
| (12 | ) | 51 |
| 82 |
|
SPIN-CAST PLASTICS |
| (21 | ) | 51 |
| (66 | ) | (36 | ) | (39 | ) | (36 | ) | (39 | ) | (114 | ) | (18 | ) | (62 | ) | 14 |
| (66 | ) |
SUBTOTAL |
| 1,446 |
| 920 |
| 882 |
| 3,248 |
| 988 |
| 781 |
| 1,078 |
| 2,847 |
| 662 |
| 377 |
| 1,460 |
| 2,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 71 |
| 205 |
| 970 |
| 1,246 |
| (29 | ) | (20 | ) | (62 | ) | (111 | ) | 24 |
| 8 |
| (35 | ) | (3 | ) |
HIGHWAY INFORMATION |
| (19 | ) | (127 | ) | 141 |
| (5 | ) | 66 |
| 78 |
| (11 | ) | 133 |
| (61 | ) | (3 | ) | 67 |
| 3 |
|
NATIONAL SIGNAL |
| (140 | ) | (409 | ) | 286 |
| (263 | ) | 62 |
| (19 | ) | (51 | ) | (8 | ) | (68 | ) | (152 | ) | (115 | ) | (335 | ) |
SURFACE SYSTEMS, INC. |
| 121 |
| 11 |
| 4 |
| 136 |
| 438 |
| 194 |
| 38 |
| 670 |
| 34 |
| 3 |
| 190 |
| 227 |
|
SUB TOTAL |
| 33 |
| (320 | ) | 1,401 |
| 1,114 |
| 537 |
| 233 |
| (86 | ) | 684 |
| (71 | ) | (144 | ) | 107 |
| (108 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,479 |
| 600 |
| 2,283 |
| 4,362 |
| 1,525 |
| 1,014 |
| 992 |
| 3,531 |
| 591 |
| 233 |
| 1,567 |
| 2,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (548 | ) | (653 | ) | (629 | ) | (1,830 | ) | (548 | ) | (493 | ) | (499 | ) | (1,540 | ) | (497 | ) | (513 | ) | (484 | ) | (1,494 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| 81 |
| 81 |
|
INTEREST INCOME (EXPENSE) |
| (71 | ) | (92 | ) | (17 | ) | (180 | ) | (121 | ) | (121 | ) | (121 | ) | (363 | ) | (143 | ) | (157 | ) | (24 | ) | (324 | ) |
SUB-TOTAL |
| (619 | ) | (745 | ) | (646 | ) | (2,010 | ) | (669 | ) | (614 | ) | (620 | ) | (1,903 | ) | (640 | ) | (670 | ) | (427 | ) | (1,737 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| 860 |
| (145 | ) | 1,637 |
| 2,352 |
| 856 |
| 400 |
| 372 |
| 1,628 |
| (49 | ) | (437 | ) | 1,140 |
| 654 |
|
INCOME TAXES |
| 292 |
| (49 | ) | 557 |
| 800 |
| 308 |
| 144 |
| 134 |
| 586 |
| (18 | ) | (157 | ) | 410 |
| 235 |
|
NET EARNINGS (CONT.) |
| $568 |
| $(96 | ) | $1,080 |
| $1,552 |
| $548 |
| $256 |
| $238 |
| $1,042 |
| $(31 | ) | $(280 | ) | $730 |
| $419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $0.070 |
| $(0.012 | ) | $0.133 |
| $0.192 |
| $0.067 |
| $0.031 |
| $0.029 |
| $0.127 |
| $(0.004 | ) | $(0.034 | ) | $0.090 |
| $0.051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,099 |
| 8,099 |
| 8,099 |
| 8,099 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,150 |
| 8,150 |
| 8,150 |
| 8,150 |
|
|
| FORECAST F/Y 2003 |
| BUDGET F/Y 2003 |
| ACTUAL F/Y 2002 |
| ||||||||||||||||||
|
| Jan-03 |
| Feb-03 |
| Mar-03 |
| 3RD QTR |
| Jan-03 |
| Feb-03 |
| Mar-03 |
| 3RD QTR |
| Jan-02 |
| Feb-02 |
| Mar-02 |
| 3RD QTR |
|
NET SALES |
| ACT |
| ACT |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $4,940 |
| $4,975 |
| $7,376 |
| $17,291 |
| $5,361 |
| $5,230 |
| $8,159 |
| $18,750 |
| $5,002 |
| $4,026 |
| $6,455 |
| $15,483 |
|
ENERGY - EUROPE |
| 6 |
| 29 |
| 87 |
| 122 |
| 50 |
| 50 |
| 50 |
| 150 |
| 0 |
| 9 |
| 28 |
| 37 |
|
ENERGY - AUSTRALIA |
| 57 |
| 225 |
| 141 |
| 423 |
|
|
|
|
| 100 |
| 100 |
| 53 |
| 18 |
| 81 |
| 152 |
|
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 438 |
| 0 |
| 1 |
| 439 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 49 |
| 44 |
| 24 |
| 117 |
|
SUB TOTAL |
| 5,003 |
| 5,229 |
| 7,604 |
| 17,836 |
| 5,411 |
| 5,280 |
| 8,309 |
| 19,000 |
| 5,542 |
| 4,097 |
| 6,589 |
| 16,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 934 |
| 406 |
| 592 |
| 1,932 |
| 660 |
| 620 |
| 514 |
| 1,794 |
| 602 |
| 516 |
| 428 |
| 1,546 |
|
HIGHWAY INFORMATION |
| 123 |
| 436 |
| 182 |
| 741 |
| 181 |
| 177 |
| 257 |
| 615 |
| 69 |
| 285 |
| 234 |
| 588 |
|
NATIONAL SIGNAL |
| 508 |
| 498 |
| 542 |
| 1,548 |
| 266 |
| 319 |
| 478 |
| 1,063 |
| 390 |
| 386 |
| 414 |
| 1,190 |
|
SURFACE SYSTEMS, INC. |
| 1,201 |
| 842 |
| 1,105 |
| 3,148 |
| 670 |
| 679 |
| 772 |
| 2,121 |
| 605 |
| 599 |
| 751 |
| 1,955 |
|
SUB TOTAL |
| 2,766 |
| 2,182 |
| 2,421 |
| 7,369 |
| 1,777 |
| 1,795 |
| 2,021 |
| 5,593 |
| 1,666 |
| 1,786 |
| 1,827 |
| 5,279 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $7,769 |
| $7,411 |
| $10,025 |
| $25,205 |
| $7,188 |
| $7,075 |
| $10,330 |
| $24,593 |
| $7,208 |
| $5,883 |
| $8,416 |
| $21,507 |
|
|
| FORECAST F/Y 2003 |
| BUDGET F/Y 2003 |
| ACTUAL F/Y 2002 |
| ||||||||||||||||||
|
| Jan-03 |
| Feb-03 |
| Mar-03 |
| 3RD QTR |
| Jan-03 |
| Feb-03 |
| Mar-03 |
| 3RD QTR |
| Jan-02 |
| Feb-02 |
| Mar-02 |
| 3RD QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $591 |
| $763 |
| $2,226 |
| $3,580 |
| $905 |
| $816 |
| $2,928 |
| $4,649 |
| $716 |
| $230 |
| $1,563 |
| $2,509 |
|
ENERGY - EUROPE |
| 5 |
| 7 |
| 54 |
| 66 |
| 50 |
| 50 |
| 50 |
| 150 |
| 0 |
| 4 |
| (7 | ) | (3 | ) |
ENERGY - AUSTRALIA |
| 27 |
| 52 |
| (249 | ) | (170 | ) | (8 | ) | (6 | ) | 9 |
| (5 | ) | 9 |
| (9 | ) | 57 |
| 57 |
|
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 42 |
| (75 | ) | 1 |
| (32 | ) |
SPIN-CAST PLASTICS |
| 28 |
| 4 |
| 215 |
| 247 |
| 82 |
| 93 |
| 93 |
| 268 |
| 77 |
| 25 |
| 138 |
| 240 |
|
SUBTOTAL |
| 651 |
| 826 |
| 2,246 |
| 3,723 |
| 1,029 |
| 953 |
| 3,080 |
| 5,062 |
| 844 |
| 175 |
| 1,752 |
| 2,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 274 |
| 110 |
| 228 |
| 612 |
| 176 |
| 146 |
| 65 |
| 387 |
| 182 |
| 134 |
| (14 | ) | 302 |
|
HIGHWAY INFORMATION |
| (88 | ) | 107 |
| (14 | ) | 5 |
| (38 | ) | (44 | ) | 17 |
| (65 | ) | (115 | ) | (2 | ) | (270 | ) | (387 | ) |
NATIONAL SIGNAL |
| (29 | ) | (168 | ) | (119 | ) | (316 | ) | (89 | ) | (51 | ) | 29 |
| (111 | ) | (26 | ) | (23 | ) | (30 | ) | (79 | ) |
SURFACE SYSTEMS, INC. |
| (22 | ) | (109 | ) | 147 |
| 16 |
| (79 | ) | (76 | ) | (66 | ) | (221 | ) | (80 | ) | (96 | ) | (95 | ) | (271 | ) |
SUB TOTAL |
| 135 |
| (60 | ) | 242 |
| 317 |
| (30 | ) | (25 | ) | 45 |
| (10 | ) | (39 | ) | 13 |
| (409 | ) | (435 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 786 |
| 766 |
| 2,488 |
| 4,040 |
| 999 |
| 928 |
| 3,125 |
| 5,052 |
| 805 |
| 188 |
| 1,343 |
| 2,336 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (531 | ) | (526 | ) | (446 | ) | (1,503 | ) | (519 | ) | (497 | ) | (496 | ) | (1,512 | ) | (506 | ) | (415 | ) | (288 | ) | (1,209 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
| (1 | ) | (1 | ) |
INTEREST INCOME (EXPENSE) |
| (67 | ) | (68 | ) | (41 | ) | (176 | ) | (120 | ) | (120 | ) | (120 | ) | (360 | ) | (116 | ) | (118 | ) | (4 | ) | (238 | ) |
SUB-TOTAL |
| (598 | ) | (594 | ) | (487 | ) | (1,679 | ) | (639 | ) | (617 | ) | (616 | ) | (1,872 | ) | (622 | ) | (533 | ) | (293 | ) | (1,448 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| 188 |
| 172 |
| 2,001 |
| 2,361 |
| 360 |
| 311 |
| 2,509 |
| 3,180 |
| 183 |
| (345 | ) | 1,050 |
| 888 |
|
INCOME TAXES |
| 64 |
| 58 |
| 681 |
| 803 |
| 130 |
| 112 |
| 903 |
| 1,145 |
| 66 |
| (124 | ) | 377 |
| 319 |
|
NET EARNINGS (CONT.) |
| $124 |
| $114 |
| $1,320 |
| $1,558 |
| $230 |
| $199 |
| $1,606 |
| $2,035 |
| $117 |
| $(221 | ) | $673 |
| $569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $0.016 |
| $0.014 |
| $0.166 |
| $0.197 |
| $0.028 |
| $0.024 |
| $0.196 |
| $0.248 |
| $0.015 |
| $(0.028 | ) | $0.084 |
| $0.071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 7,928 |
| 7,928 |
| 7,928 |
| 7,928 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,036 |
| 8,036 |
| 8,036 |
| 8,036 |
|
|
| QUIXOTE CORPORATION |
|
|
|
| SALES AND EARNINGS ANALYSIS |
|
|
|
| ACTUAL F/Y 2003 |
| BUDGET F/Y 2003 |
| FORECAST F/Y 2002 |
| ||||||||||||||||||
|
| Apr-03 |
| May-03 |
| Jun-03 |
| 4TH QTR |
| Apr-03 |
| May-03 |
| Jun-03 |
| 4TH QTR |
| Apr-02 |
| May-02 |
| Jun-02 |
| 4TH QTR |
|
NET SALES |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY ABSORPTION |
| $6,648 |
| $8,077 |
| $8,562 |
| $23,287 |
| $6,181 |
| $6,991 |
| $8,978 |
| $22,150 |
| $5,765 |
| $6,002 |
| $8,873 |
| $20,640 |
|
ENERGY - EUROPE |
|
|
| (44 | ) | 140 |
| 96 |
| 50 |
| 50 |
| 50 |
| 150 |
|
|
| 1 |
| 24 |
| 25 |
|
ENERGY - AUSTRALIA |
|
|
| 29 |
| 9 |
| 38 |
|
|
| 50 |
| 150 |
| 200 |
| 25 |
| 71 |
| 28 |
| 124 |
|
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CAST PLASTICS |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
| 21 |
| 20 |
| 26 |
| 67 |
|
SUB TOTAL |
| 6,648 |
| 8,062 |
| 8,711 |
| 23,421 |
| 6,231 |
| 7,091 |
| 9,178 |
| 22,500 |
| 5,811 |
| 6,094 |
| 8,951 |
| 20,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 423 |
| 249 |
| 648 |
| 1,320 |
| 713 |
| 626 |
| 636 |
| 1,975 |
| 594 |
| 519 |
| 516 |
| 1,629 |
|
HIGHWAY INFORMATION |
| 335 |
| 488 |
| 699 |
| 1,522 |
| 446 |
| 487 |
| 499 |
| 1,432 |
| 350 |
| 193 |
| 221 |
| 764 |
|
NATIONAL SIGNAL |
| 1,206 |
| 519 |
| 676 |
| 2,401 |
| 585 |
| 638 |
| 532 |
| 1,755 |
| 400 |
| 595 |
| 268 |
| 1,263 |
|
SURFACE SYSTEMS, INC. |
| 739 |
| 1,303 |
| 2,155 |
| 4,197 |
| 1,085 |
| 1,396 |
| 3,113 |
| 5,594 |
| 624 |
| 429 |
| 1,850 |
| 2,903 |
|
US TRAFFIC |
|
|
|
|
| 5,977 |
| 5,977 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 2,703 |
| 2,559 |
| 10,155 |
| 15,417 |
| 2,829 |
| 3,147 |
| 4,780 |
| 10,756 |
| 1,968 |
| 1,736 |
| 2,855 |
| 6,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SALES |
| $9,351 |
| $10,621 |
| $18,866 |
| $38,838 |
| $9,060 |
| $10,238 |
| $13,958 |
| $33,256 |
| $7,779 |
| $7,830 |
| $11,806 |
| $27,415 |
|
|
| ACTUAL F/Y 2003 |
| BUDGET F/Y 2003 |
| FORECAST F/Y 2002 |
| ||||||||||||||||||
|
| Apr-03 |
| May-03 |
| Jun-03 |
| 4TH QTR |
| Apr-03 |
| May-03 |
| Jun-03 |
| 4TH QTR |
| Apr-02 |
| May-02 |
| Jun-02 |
| 4TH QTR |
|
EARNINGS BEFORE CORPORATE FEE |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
| BUD. |
| BUD. |
| BUD. |
| BUD. |
| ACT. |
| ACT. |
| ACT. |
| ACT. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGYABSORPTION |
| $1,674 |
| $2,817 |
| $2,452 |
| $6,943 |
| $1,271 |
| $1,826 |
| $3,024 |
| $6,121 |
| $2,398 |
| $1,908 |
| $3,104 |
| $7,410 |
|
ENERGY - EUROPE |
|
|
| (58 | ) | 83 |
| 25 |
| 50 |
| 50 |
| 50 |
| 150 |
| (552 | ) | (5 | ) | 93 |
| (464 | ) |
ENERGY - AUSTRALIA |
|
|
| 2 |
| 22 |
| 24 |
| (5 | ) | 2 |
| 16 |
| 13 |
| 11 |
| (5 | ) | 10 |
| 16 |
|
SAFE-HIT |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
SPIN-CASTPLASTICS |
| (10 | ) | 141 |
| 249 |
| 380 |
| 97 |
| 95 |
| 97 |
| 289 |
| (12 | ) | 65 |
| 148 |
| 201 |
|
SUBTOTAL |
| 1,664 |
| 2,902 |
| 2,806 |
| 7,372 |
| 1,413 |
| 1,973 |
| 3,187 |
| 6,573 |
| 1,845 |
| 1,963 |
| 3,355 |
| 7,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NU-METRICS |
| 85 |
| (162 | ) | 367 |
| 290 |
| 210 |
| 73 |
| 157 |
| 440 |
| 64 |
| 65 |
| (108 | ) | 21 |
|
HIGHWAY INFORMATION |
| 83 |
| 159 |
| 273 |
| 515 |
| 125 |
| 159 |
| 162 |
| 446 |
| 97 |
| (59 | ) | (20 | ) | 18 |
|
NATIONAL SIGNAL |
| 7 |
| (188 | ) | (12 | ) | (193 | ) | 81 |
| 54 |
| 55 |
| 190 |
| (15 | ) | 26 |
| (179 | ) | (168 | ) |
SURFACE SYSTEMS, INC. |
| (115 | ) | 32 |
| 695 |
| 612 |
| 101 |
| 241 |
| 935 |
| 1,277 |
| (128 | ) | (201 | ) | 596 |
| 267 |
|
US TRAFFIC |
|
|
|
|
| 270 |
| 270 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
SUB TOTAL |
| 60 |
| (159 | ) | 1,593 |
| 1,494 |
| 517 |
| 527 |
| 1,309 |
| 2,353 |
| 18 |
| (169 | ) | 289 |
| 138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,724 |
| 2,743 |
| 4,399 |
| 8,866 |
| 1,930 |
| 2,500 |
| 4,496 |
| 8,926 |
| 1,863 |
| 1,794 |
| 3,644 |
| 7,301 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE |
| (552 | ) | (477 | ) | (662 | ) | (1,691 | ) | (490 | ) | (487 | ) | (496 | ) | (1,473 | ) | (421 | ) | (411 | ) | (591 | ) | (1,423 | ) |
OTHER |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
| 0 |
|
INTEREST INCOME (EXPENSE) |
| (65 | ) | (86 | ) | (80 | ) | (231 | ) | (118 | ) | (118 | ) | (118 | ) | (354 | ) | (125 | ) | (115 | ) | 56 |
| (184 | ) |
SUB-TOTAL |
| (617 | ) | (563 | ) | (742 | ) | (1,922 | ) | (608 | ) | (605 | ) | (614 | ) | (1,827 | ) | (546 | ) | (526 | ) | (535 | ) | (1,607 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE TAXES (CONT.) |
| 1,107 |
| 2,180 |
| 3,657 |
| 6,944 |
| 1,322 |
| 1,895 |
| 3,882 |
| 7,099 |
| 1,317 |
| 1,268 |
| 3,109 |
| 5,694 |
|
INCOMETAXES |
| 376 |
| 741 |
| 1,244 |
| 2,361 |
| 476 |
| 682 |
| 1,398 |
| 2,556 |
| 474 |
| 456 |
| 1,120 |
| 2,050 |
|
NET EARNINGS (CONT.) |
| $731 |
| $1,439 |
| $2,413 |
| $4,583 |
| $846 |
| $1,213 |
| $2,484 |
| $4,543 |
| $843 |
| $812 |
| $1,989 |
| $3,644 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE (CONT.): |
| $0.089 |
| $0.175 |
| $0.293 |
| $0.556 |
| $0.103 |
| $0.148 |
| $0.303 |
| $0.554 |
| $0.105 |
| $0.101 |
| $0.247 |
| $0.453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE DILUTED SHARES |
| 8,239 |
| 8,239 |
| 8,239 |
| 8,239 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,200 |
| 8,052 |
| 8,052 |
| 8,052 |
| 8,052 |
|
DIVISION | EASI CONSOLIDATED - PROTECT AND DIRECT | EXHIBIT B | |
Summary Key Data |
| ||
Period: | Jun-05 |
| |
(000’s) |
|
| |
|
| June-05 |
|
|
| Quarter To Date |
|
|
| Fiscal Year To Date |
| ||||||||||||
|
| Actual |
| Budget |
| Prior Year |
|
|
| Actual |
| Budget |
| Prior Year |
|
|
| Actual |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 8,622,676 |
| 8,834,221 |
| 7,351,890 |
|
|
| 21,477,156 |
| 24,707,720 |
| 20,529,960 |
|
|
| 73,556,865 |
| 80,840,000 |
| 73,282,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 3,829,786 |
| 4,159,712 |
| 2,835,613 |
|
|
| 9,335,898 |
| 7,577,761 |
| 8,999,208 |
|
|
| 29,988,949 |
| 30,937,837 |
| 31,471,617 |
|
% |
| 44.4 | % | 47.1 | % | 38.6 | % |
|
| 43.5 | % | 30.7 | % | 43.8 | % |
|
| 40.8 | % | 38.3 | % | 42.9 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 1,812,456 |
| 1,357,858 |
| 1,661,303 |
|
|
| 4,336,308 |
| 2,712,656 |
| 4,387,217 |
|
|
| 16,639,155 |
| 14,805,727 |
| 15,567,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 2,017,330 |
| 2,801,854 |
| 1,174,310 |
|
|
| 4,999,590 |
| 4,865,105 |
| 4,611,991 |
|
|
| 13,349,794 |
| 16,132,110 |
| 15,904,384 |
|
% |
| 23.4 | % | 31.7 | % | 16.0 | % |
|
| 23.3 | % | 19.7 | % | 22.5 | % |
|
| 18.1 | % | 20.0 | % | 21.7 | % |
|
| 3rd Quarter Actuals |
|
|
| 4th Quarter Actuals |
|
|
|
|
| ||||||||||||
|
| JANUARY |
| FEBRUARY |
| MARCH |
| Q3 |
| APRIL |
| MAY |
| JUNE |
| Q4 |
| QTR 3 & 4Fiscal Year 2005 |
| ||||
|
| Actual |
| Actual |
| Actual |
| TOTAL |
| ACTUAL |
| ACTUAL |
| ACTUAL |
| TOTAL |
| ACTUAL |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 5,374,594 |
| 5,567,248 |
| 7,465,070 |
| 18,406,912 |
| 6,236,272 |
| 6,618,208 |
| 8,622,676 |
| 21,477,156 |
| 39,884,068 |
| 43,044,059 |
| 37,474,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 2,526,688 |
| 2,574,451 |
| 3,410,213 |
| 8,511,352 |
| 2,434,194 |
| 3,071,915 |
| 3,829,786 |
| 9,335,895 |
| 17,847,247 |
| 19,485,796 |
| 16,216,765 |
|
% |
| 47.0 | % | 46.2 | % | 45.7 | % | 46.2 | % | 39.0 | % | 46.4 | % | 44.4 | % | 43.5 | % | 44.7 | % | 45.3 | % | 43.3 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 1,374,596 |
| 1,531,239 |
| 1,684,430 |
| 4,590,265 |
| 1,359,827 |
| 1,365,474 |
| 1,611,007 |
| 4,336,308 | �� | 8,926,573 |
| 8,125,049 |
| 8,119,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 1,152,092 |
| 1,043,212 |
| 1,725,783 |
| 3,921,087 |
| 1,074,367 |
| 1,706,441 |
| 2,218,779 |
| 4,999,587 |
| 8,920,674 |
| 11,360,747 |
| 8,096,925 |
|
% |
| 21.4 | % | 18.7 | % | 23.1 | % | 21.3 | % | 17.2 | % | 25.8 | % | 25.7 | % | 23.3 | % | 22.4 | % | 26.4 | % | 21.6 | % |
|
| 1ST Quarter Actual |
|
|
| 2nd Quarter Actual |
|
|
|
|
|
|
|
|
| ||||||||
|
| JULY |
| AUGUST |
| SEPT |
| Q1 |
| OCT |
| NOV |
| DEC |
| Q2 |
| QTR 1 &2 Fiscal Year 2005 |
| ||||
|
| Actual |
| Actual |
| Actual |
| TOTAL |
| Actual |
| Actual |
| Actual |
| TOTAL |
| ACTUAL |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 6,013,875 |
| 4,150,798 |
| 8,231,816 |
| 18,396,489 |
| 4,896,029 |
| 5,663,104 |
| 4,720,101 |
| 15,279,234 |
| 33,675,723 |
| 48,407,993 |
| 35,807,983 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 2,471,082 |
| 1,924,348 |
| 2,606,046 |
| 7,001,476 |
| 1,487,469 |
| 2,111,371 |
| 1,396,882 |
| 4,995,722 |
| 11,997,198 |
| 15,878,072 |
| 15,254,848 |
|
% |
| 41.1 | % | 46.4 | % | 31.7 | % | 38.1 | % | 30.4 | % | 37.3 | % | 29.6 | % | 32.7 | % | 35.6 | % | 32.8 | % | 42.6 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 1,293,682 |
| 981,299 |
| 1,510,061 |
| 3,785,042 |
| 1,305,419 |
| 1,325,863 |
| 1,049,339 |
| 3,680,621 |
| 7,465,663 |
| 8,039,075 |
| 7,404,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 1,177,400 |
| 943,049 |
| 1,095,985 |
| 3,216,434 |
| 182,050 |
| 785,508 |
| 347,543 |
| 1,315,101 |
| 4,531,535 |
| 7,838,997 |
| 7,850,580 |
|
% |
| 19.6 | % | 22.7 | % | 13.3 | % | 17.5 | % | 3.7 | % | 13.9 | % | 7.4 | % | 8.6 | % | 13.5 | % | 16.2 | % | 21.9 | % |
Total backlog: |
| Actual |
| Prior Year |
|
July |
| 7,829,369 |
| 10,249,782 |
|
August |
| 8,852,897 |
| 9,238,547 |
|
September |
| 7,344,777 |
| 8,215,626 |
|
October |
| 6,659,227 |
| 8,452,973 |
|
November |
| 6,333,954 |
| 8,777,675 |
|
December |
| 6,934,630 |
| 9,977,977 |
|
January |
| 9,071,265 |
| 8,591,630 |
|
February |
| 9,729,090 |
| 9,933,089 |
|
March |
| 8,831,253 |
| 8,475,908 |
|
April |
| 9,188,871 |
| 9,473,949 |
|
May |
| 9,334,053 |
| 8,301,586 |
|
June |
| 7,467,808 |
| 8,515,626 |
|
Balance sheet: |
| Actual |
| Prior Month |
|
Collections |
| 8,901,384 |
| 6,001,000 |
|
AR < 60 days |
| 14,870,254 |
| 10,241,840 |
|
AR > 60 days |
| 1,250,927 |
| 5,760,000 |
|
AR% > 60 |
| 8 | % | 36 | % |
TOTAL A/R |
| 16,121,180 |
| 16,001,840 |
|
DSO |
| 68 |
| 71 |
|
Inventory |
| 6,155,885 |
| 6,775,347 |
|
Inv Turns |
| — |
| 2.59 |
|
Working Capital |
| 0 |
| 22,490,724 |
|
Work Cap% Sales |
| 0.00 | % | 27.70 | % |
ROIC |
| 0.00 | % | 27.90 |
|
Capital Expenditures |
| 0 |
| 110,435 |
|
|
|
|
| Prior |
|
Headcount: |
| Actual |
| Month |
|
Own staff |
|
|
| 368 |
|
Temporary |
|
|
| 59 |
|
Total |
| 0 |
| 427 |
|
|
|
|
|
|
|
|
|
|
| Prior |
|
|
| Actual |
| Month |
|
AP< 60 |
| — |
| 1,877,833 |
|
AP> 60 |
| — |
| 3,528 |
|
Total |
| 0 |
| 1,881,361 |
|
DPO |
|
|
| 21.01 |
|
|
|
|
|
|
|
Accrued Liabilities |
| 0 |
| 0 |
|
DIVISION HIGHWAY INFORMATION SYSTEMS, INC.
Summary Key Data
Period: Jun-05
|
| June-05 |
|
|
| Quarter To Date |
|
|
| Fiscal Year To Date |
| ||||||||||||
|
| Actual |
| Budget |
| Prior Year |
|
|
| Actual |
| Budget |
| Prior Year |
|
|
| Actual |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 751,072 |
| 405,000 |
| 433,624 |
|
|
| 1,902,460 |
| 1,140,000 |
| 1,107,704 |
|
|
| 4,263,155 |
| 4,200,000 |
| 4,739,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 464,835 |
| 204,142 |
| 136,834 |
|
|
| 1,195,845 |
| 556,314 |
| 342,798 |
|
|
| 2,540,422 |
| 1,967,050 |
| 1,466,292 |
|
% |
| 61.9 | % | 50.4 | % | 31.6 | % |
|
| 62.9 | % | 48.8 | % | 30.9 | % |
|
| 59.6 | % | 46.8 | % | 30.9 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 189,810 |
| 115,023 |
| 63,212 |
|
|
| 590,131 |
| 346,970 |
| 281,544 |
|
|
| 1,490,535 |
| 1,367,050 |
| 1,005,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 275,025 |
| 89,119 |
| 73,622 |
|
|
| 605,714 |
| 209,344 |
| 61,254 |
|
|
| 1,049,887 |
| 600,000 |
| 461,162 |
|
% |
| 36.6 | % | 22.0 | % | 17.0 | % |
|
| 31.8 | % | 18.4 | % | 5.5 | % |
|
| 24.6 | % | 14.3 | % | 9.7 | % |
|
| Current Quarter Forecast |
|
|
| Next Quarter Forecast |
|
|
| Fiscal Year 2006 |
| ||||||||||||
|
| April |
| May |
| June |
| Q4 |
| July |
| August |
| September |
| Q1 |
|
|
|
|
| Prior Year |
|
|
| Actual |
| Actual |
| Actual |
| TOTAL |
| Forecast |
| Forecast |
| Forecast |
| TOTAL |
| Forecast |
| Budget |
| Actual |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 234,053 |
| 917,285 |
| 751,072 |
| 1,902,410 |
| 300,000 |
| 547,000 |
| 553,000 |
| 1,400,000 |
| 5,000,000 |
| 5,000,000 |
| 5,014,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 92,102 |
| 638,908 |
| 464,835 |
| 1,195,845 |
| 190,000 |
| 308,542 |
| 321,920 |
| 820,462 |
| 3,000,000 |
| 3,000,000 |
| 3,005,257 |
|
% |
| 39.4 | % | 69.7 | % | 61.9 | % | 62.9 | % | 63.3 | % | 56.4 | % | 58.2 | % | 58.6 | % | 60.0 | % | 60.0 | % | 59.9 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 93,909 |
| 306,412 |
| 189,810 |
| 590,131 |
| 165,000 |
| 187,500 |
| 200,000 |
| 552,500 |
| 2,250,000 |
| 2,250,000 |
| 1,680,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| (1,807 | ) | 332,496 |
| 275,025 |
| 605,714 |
| 25,000 |
| 121,042 |
| 121,920 |
| 267,962 |
| 750,000 |
| 750,000 |
| 1,324,912 |
|
% |
| -0.8 | % | 36.2 | % | 36.6 | % | 31.8 | % | 8.3 | % | 22.1 | % | 22.0 | % | 19.1 | % | 15.0 | % | 15.0 | % | 26.4 | % |
Total backlog: |
| Actual |
| Prior Year |
|
July |
| 1,626,995 |
| 1,530,208 |
|
August |
| 1,680,819 |
| 1,840,507 |
|
September |
| 1,258,009 |
| 1,925,360 |
|
October |
| 799,156 |
| 1,558,871 |
|
November |
| 1,183,597 |
| 1,547,337 |
|
December |
| 1,203,809 |
| 1,389,010 |
|
January |
| 1,686,161 |
| 1,254,895 |
|
February |
| 1,681,340 |
| 1,599,760 |
|
March |
| 1,779,851 |
| 1,350,425 |
|
April |
| 1,889,846 |
| 1,700,201 |
|
May |
| 1,399,213 |
| 1,701,921 |
|
June |
| 1,574,841 |
| 1,438,027 |
|
Balance sheet: |
| Actual |
| Prior Month |
|
Collections |
| 215,730 |
| 111,251 |
|
AR < 60 days |
| 1,795,720 |
| 1,368,233 |
|
AR > 60 days |
| 762,895 |
| 777,848 |
|
AR % > 60 |
| 30 | % | 36 | % |
TOTAL A/R |
| 2,558,615 |
| 2,146,081 |
|
DSO |
| 297 |
| 175 |
|
Inventory |
| 406,976 |
| 413,701 |
|
Inv Turns |
| 0.92 |
| 1.36 |
|
Working Capital |
| 2,905,831 |
| 2,667,124 |
|
Work Cap % Sales |
| 38 | % | 57 | % |
ROIC |
| 8.82 | % | 14.54 | % |
Capital Expenditures |
| — |
| — |
|
Headcount:
|
| Actual |
| Budget |
|
Own staff |
| 17 |
| 15 |
|
Temporary |
| 0 |
| 0 |
|
Total |
| 17 |
| 16 |
|
|
|
|
| Prior |
|
|
| Actual |
| Month |
|
AP< 60 |
| 84,733 |
| 122,239 |
|
AP> 60 |
| — |
| — |
|
Total |
| 84,733 |
| 122,239 |
|
DPO |
| 23.8 |
| 25.3 |
|
|
|
|
|
|
|
Accrued Liabilities |
| 175,389 |
| 61,000 |
|
DIVISION Nu-Metrics
Summary Key Data
Period: Jun-05
(000’s)
|
| June-05 |
|
|
| Quarter To Date |
|
|
| Fiscal Year To Date |
| ||||||||||||
|
| Actual |
| Budget |
| Prior Year |
|
|
| Actual |
| Budget |
| Prior Year |
|
|
| Actual |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 652,045 |
| 544,000 |
| 545,758 |
|
|
| 1,478,209 |
| 1,593,000 |
| 1,220,987 |
|
|
| 5,279,025 |
| 6,300,000 |
| 5,866,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 393,942 |
| 269,965 |
| 390,572 |
|
|
| 776,610 |
| 753,278 |
| 613,235 |
|
|
| 2,710,976 |
| 3,004,535 |
| 2,759,971 |
|
% |
| 60.4 | % | 49.6 | % | 71.6 | % |
|
| 52.5 | % | 47.3 | % | 50.2 | % |
|
| 51.4 | % | 47.7 | % | 47.0 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 278,401 |
| 191,645 |
| 139,381 |
|
|
| 696,032 |
| 596,074 |
| 427,601 |
|
|
| 2,094,143 |
| 2,203,643 |
| 1,482,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 115,541 |
| 78,320 |
| 251,191 |
|
|
| 80,578 |
| 157,204 |
| 185,634 |
|
|
| 616,833 |
| 800,892 |
| 1,277,728 |
|
% |
| 17.7 | % | 14.4 | % | 46.0 | % |
|
| 5.5 | % | 9.9 | % | 15.2 | % |
|
| 11.7 | % | 12.7 | % | 21.8 | % |
|
| Current Quarter Forecast |
|
|
| Current Quarter Forecast |
|
|
|
|
| ||||||||||||
|
| April |
| May |
| June |
| Q4 |
| July |
| August |
| September |
| Q1 |
| Fiscal Year 2006 |
| ||||
|
| Actual |
| Actuals |
| Actuals |
| TOTAL |
| Forecast |
| Forecast |
| Forecast |
| TOTAL |
| Forecast |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 416,208 |
| 409,956 |
| 652,045 |
| 1,478,209 |
| 425,000 |
| 538,350 |
| 521,350 |
| 1,484,700 |
| 6,200,000 |
| 6,200,000 |
| 5,279,025 |
|
| �� |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 168,561 |
| 194,265 |
| 393,942 |
| 756,768 |
| 206,975 |
| 237,428 |
| 182,333 |
| 626,736 |
| 2,736,222 |
| 2,736,222 |
| 2,710,976 |
|
% |
| 40.5 | % | 47.4 | % | 60.4 | % | 51.2 | % | 48.7 | % | 44.1 | % | 35.0 | % | 42.2 | % | 44.1 | % | 44.1 | % | 51.4 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 198,258 |
| 199,531 |
| 278,401 |
| 676,190 |
| 199,675 |
| 151,267 |
| 194,320 |
| 545,262 |
| 1,986,222 |
| 1,986,222 |
| 2,094,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| (29,697 | ) | (5,266 | ) | 115,541 |
| 80,578 |
| 7,300 |
| 86,161 |
| (11,987 | ) | 81,474 |
| 750,000 |
| 750,000 |
| 616,833 |
|
% |
| -7.1 | % | -1.3 | % | 17.7 | % | 5.5 | % | 1.7 | % | 16.0 | % | -2.3 | % | 5.5 | % | 12.1 | % | 12.1 | % | 11.7 | % |
Total backlog: |
| Actual |
| Prior Year |
|
|
| 235,007 |
| 543,851 |
|
August |
| 307,633 |
| 685,631 |
|
September |
| 464,226 |
| 547,522 |
|
October |
| 815,594 |
| 432,541 |
|
November |
| 821,135 |
| 415,767 |
|
December |
| 940,583 |
| 360,187 |
|
January |
| 757,130 |
| 319,101 |
|
February |
| 817,854 |
| 274,651 |
|
March |
| 735,134 |
| 271,076 |
|
April |
| 745,126 |
| 292,989 |
|
May |
| 747,727 |
| 294,114 |
|
June |
| 507,497 |
| 228,015 |
|
Balance sheet: |
| Actual |
| Prior Month |
|
Collections |
| 598,180 |
| 272,490 |
|
AR < 60 days |
| 769,508 |
| 660,043 |
|
AR > 60 days |
| 711,085 |
| 777,303 |
|
AR % > 60 |
| 48 | % | 54 | % |
TOTAL A/R |
| 1,480,593 |
| 1,437,346 |
|
DSO |
| 97 |
| 90 |
|
Inventory |
| 655,411 |
| 691,565 |
|
Inv Turns |
| 2.10 |
| 1.20 |
|
Working Capital |
| 1,862,995 |
| 2,107,446 |
|
Work Cap % Sales |
| 36.40 |
| 38.40 |
|
ROIC |
| 0.07 |
| 0.21 |
|
Capital Expenditures |
| 7,497 |
| — |
|
Headcount: |
| Actual |
| Budget |
|
Own staff |
| 47 |
| 57 |
|
Temporary |
| 1 |
| 0 |
|
Total |
| 48 |
| 57 |
|
Prior |
|
|
|
|
|
|
| Actual |
| Month |
|
AP< 60 |
| 298,895 |
| 175,883 |
|
AP> 60 |
| — |
| — |
|
Total |
| 298,895 |
| 175,883 |
|
DPO |
| 39.2 |
| 23.7 |
|
|
|
|
|
|
|
Accrued Liabilities |
| 139,112 |
| 108,686 |
|
DIVISION |
| SSI |
|
| ||||
Summary Key Data |
|
|
|
| ||||
Period: |
| Jun-05 |
|
| ||||
(000’s) |
|
|
|
| ||||
|
|
|
|
| ||||
|
| June-05 |
| Quarter To Date |
| Fiscal Year To Date |
| ||||||||||||
|
| Actual |
| Budget |
| Prior Year |
| Actual |
| Budget |
| Prior Year |
| Actual |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 1,629,352 |
| 1,596,000 |
| 1,935,000 |
| 3,277,297 |
| 3,393,000 |
| 3,325,000 |
| 11,614,499 |
| 11,500,000 |
| 10,550,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 562,681 |
| 732,000 |
| 803,000 |
| 1,014,469 |
| 1,343,000 |
| 1,094,000 |
| 2,996,627 |
| 4,354,000 |
| 3,073,000 |
|
% |
| 34.5 | % | 45.9 | % | 41.5 | % | 31.0 | % | 39.6 | % | 32.9 | % | 25.8 | % | 37.9 | % | 29.1 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 356,128 |
| 423,000 |
| 287,000 |
| 955,367 |
| 916,000 |
| 865,000 |
| 3,422,014 |
| 3,254,000 |
| 2,867,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 206,553 |
| 309,000 |
| 516,000 |
| 59,102 |
| 427,000 |
| 229,000 |
| (425,387 | ) | 1,100,000 |
| 205,500 |
|
% |
| 12.7 | % | 19.4 | % | 26.7 | % | 1.8 | % | 12.6 | % | 6.9 | % | -3.7 | % | 9.6 | % | 1.9 | % |
|
| Current Quarter Forecast |
|
|
| Next Quarter Forecast |
|
|
| Fiscal Year 2006 |
| ||||||||||||
|
| April |
| May |
| June |
| Q4 |
| July |
| August |
| September |
| Q1 |
|
|
|
|
|
|
|
|
| Actual |
| Actual |
| Forcast |
| TOTAL |
| Forecast |
| Forecast |
| Forecast |
| TOTAL |
| Forecast |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 804,799 |
| 843,147 |
| 1,629,352 |
| 3,277,298 |
| 700,000 |
| 1,266,500 |
| 1,330,500 |
| 3,297,000 |
| 12,800,000 |
| 12,800,000 |
| 11,614,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 249,207 |
| 202,581 |
| 562,681 |
| 1,014,469 |
| 300,000 |
| 496,766 |
| 514,335 |
| 1,311,101 |
| 4,345,000 |
| 4,345,000 |
| 2,996,627 |
|
% |
| 31.0 | % | 24.0 | % | 34.5 | % | 31.0 | % | 42.9 | % | 39.2 | % | 38.7 | % | 39.8 | % | 33.9 | % | 33.9 | % | 25.8 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 302,458 |
| 296,781 |
| 356,128 |
| 955,367 |
| 425,000 |
| 425,000 |
| 450,000 |
| 1,300,000 |
| 3,545,000 |
| 3,545,000 |
| 3,422,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| (53,251 | ) | (94,200 | ) | 206,553 |
| 59,102 |
| (125,000 | ) | 71,766 |
| 64,335 |
| 11,101 |
| 800,000 |
| 800,000 |
| (425,387 | ) |
% |
| -6.6 | % | -11.2 | % | 12.7 | % | 1.8 | % | -17.9 | % | 5.7 | % | 4.8 | % | 0.3 | % | 6.3 | % | 6.3 | % | -3.7 | % |
Total backlog: |
| Actual |
| Prior Year |
|
July |
| 607,402 |
| 861,034 |
|
August |
| 613,131 |
| 806,564 |
|
September |
| 541,645 |
| 719,589 |
|
October |
| 1,013,091 |
| 931,660 |
|
November |
| 1,093,460 |
| 920,746 |
|
December |
| 966,262 |
| 956,889 |
|
January |
| 983,591 |
| 876,774 |
|
February |
| 839,225 |
| 776,102 |
|
March |
| 699,147 |
| 675,579 |
|
April |
| 630,549 |
| 577,963 |
|
May |
| 654,620 |
| 566,580 |
|
June |
| 1,204,748 |
| 509,515 |
|
Balance sheet: |
| Actual |
| Prior Month |
|
Collections |
| 988,586 |
| 903,185 |
|
AR < 60 days |
| 1,913,779 |
| 1,223,151 |
|
AR > 60 days |
| 855,181 |
| 1,062,383 |
|
AR% > 60 |
| 30.88 | % | 46.48 | % |
TOTAL A/R |
| 2,768,960 |
| 2,285,534 |
|
DSO |
| 76 |
| 87 |
|
Inventory |
| 1,089,814 |
| 1,325,895 |
|
Inv Turns |
| 5.26 |
| 1.89 |
|
Working Capital |
| 1,433,513 |
| 1,842,020 |
|
Work Cap% Sales |
| 11 | % | 19 | % |
ROIC |
| -14 | % | -4 | % |
Capital Expenditures |
| 200,000.00 |
| 3,056.64 |
|
Headcount: |
| Actual |
| Budget |
|
Own staff |
| 67 |
| 68 |
|
Temporary |
| 4 |
| 4 |
|
Total |
| 71 |
| 72 |
|
|
| Actual |
| Prior |
|
AP< 60 |
| 751,771 |
| 5,287,779 |
|
AP> 60 |
| 225,263 |
| 31,664 |
|
Total |
| 977,034 |
| 5,319,443 |
|
DPO |
| 68 |
| 63 |
|
|
|
|
|
|
|
Accrued Liabilities |
| 1,058,611 |
| 1,086,197 |
|
QUIXOTE TRAFFIC | ||
Summary Key Data |
| |
Period: | Jun-05 | |
(000’s) |
| |
|
| June-05 |
| Quarter To Date |
| Fiscal Year To Date |
| ||||||||||||
|
| Actual |
| Budget |
| Prior Year |
| Actual |
| Budget |
| Prior Year |
| Actual |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 4,721 |
| 6,491 |
| 4,413 |
| 11,814 |
| 19,174 |
| 13,268 |
| 52,068 |
| 66,738 |
| 54,427 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 1,252 |
| 1,884 |
| 931 |
| 1,662 |
| 5,540 |
| 2,288 |
| 7,766 |
| 15,816 |
| 8,052 |
|
% |
| 26.5 | % | 29.0 | % | 21.1 | % | 14.1% |
| 28.9 | % | 17.2 | % | 14.9% |
| 23.7 | % | 14.8 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 1,131 |
| 1,422 |
| 24,024 |
| 3,425 |
| 4,320 |
| 26,136 |
| 13,874 |
| 18,037 |
| 33,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| 121 |
| 462 |
| (23,093 | ) | (1,763 | ) | 1,220 |
| (23,848 | ) | (6,108 | ) | (2,221 | ) | (25,498 | ) |
% |
| 2.6 | % | 7.1 | % | -523.3 | % | -14.9 | % | 6.4 | % | -179.7 | % | -11.7 | % | -3.3 | % | -46.8 | % |
|
| Prior Quarter Actuals |
|
|
| Current Quarter Actuals |
|
|
| Fiscal Year 2005 |
| ||||||||||||
|
| Jan |
| Feb |
| Mar |
| Q3 |
| April |
| May |
| June |
| Q4 |
|
|
|
|
|
|
|
|
| Actual |
| Actual |
| Actual |
| TOTAL |
| Actual |
| Actual |
| Actual |
| TOTAL |
| Actual |
| Budget |
| Prior Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
| 3,298 |
| 3,972 |
| 5,003 |
| 12,273 |
| 3,603 |
| 3,490 |
| 4,721 |
| 11,814 |
| 52,068 |
| 66,738 |
| 54,427 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross margin |
| 180 |
| 462 |
| 933 |
| 1,575 |
| 189 |
| 221 |
| 1,252 |
| 1,662 |
| 7,766 |
| 15,816 |
| 8,052 |
|
% |
| 5.5 | % | 11.6 | % | 18.6 | % | 12.8 | % | 5.2 | % | 6.3 | % | 26.5 | % | 14.1 | % | 14.9 | % | 23.7 | % | 14.8 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
| 1,180 |
| 1,164 |
| 1,147 |
| 3,491 |
| 1,171 |
| 1,123 |
| 1,131 |
| 3,425 |
| 13,874 |
| 18,037 |
| 33,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit |
| (1,000 | ) | (702 | ) | (214 | ) | (1,916 | ) | (982 | ) | (902 | ) | 121 |
| (1,763 | ) | (6,108 | ) | (2,221 | ) | (25,498 | ) |
% |
| -30.3 | % | -17.7 | % | -4.3 | % | -15.6 | % | -27.3 | % | -25.8 | % | 2.6 | % | -14.9 | % | -11.7 | % | -3.3 | % | -46.8 | % |
Total backlog: |
| Actual |
| Prior Year |
|
July |
| 15,647 |
| — |
|
August |
| 16,473 |
| — |
|
September |
| 15,638 |
| — |
|
October |
| 14,831 |
| — |
|
November |
| 12,512 |
| — |
|
December |
| 11,999 |
| 13,752 |
|
January |
| 12,173 |
| 12,753 |
|
February |
| 11,612 |
| 16,041 |
|
March |
| 12,466 |
| 14,468 |
|
April |
| 12,781 |
| 15,050 |
|
May |
| 14,468 |
| 15,575 |
|
June |
| 13,777 |
| 16,244 |
|
Balance sheet: |
| Actual |
| Prior Month |
|
Collections |
| 4,408 |
| 4,443 |
|
AR < 60 days |
| 8,148 |
| 7,422 |
|
AR > 60 days |
| 3,313 |
| 3,730 |
|
AR % > 60 |
| 29 | % | 33 | % |
TOTAL A/R |
| 11,461 |
| 11,152 |
|
DSO |
| 96 |
| 89 |
|
Inventory |
| 18,536 |
| 18,231 |
|
Inv Turns |
| 1 |
| 2 |
|
Working Capital |
| 15,378 |
| 16,094 |
|
Work Cap % Sales |
| 34 | % | 34 | % |
ROIC |
| 0.10- |
| 0.10- |
|
Capital Expenditures |
| 88.50 |
| 88.40 |
|
Headcount: |
| Actual |
| Budget |
|
Own staff |
| 504 |
|
|
|
Temporary |
| 65 |
| 0 |
|
Total |
| 569 |
|
|
|
Prior |
| Actual |
| Month |
|
AP< 60 |
| 4,015 |
| 2,461 |
|
AP> 60 |
| 1,787 |
| 866 |
|
Total |
| 5,802 |
| 3,327 |
|
DPO |
| 76 |
| 63 |
|
|
|
|
|
|
|
Accrued Liabilities |
| 5,034 |
| 5,326 |
|
EXHIBIT C
QUIXOTE CORPORATION
ECONOMIC INFORMATION
|
| FORECAST |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
| NINE MONTHS |
|
|
| NINE MONTHS |
| FISCAL YEAR |
| |||||||||||||||||||
SALES (In 000’s) |
| 2006 |
|
|
| 2005 |
| 2005 |
|
|
| 2004 |
|
|
| 2003 |
|
|
| 2002 |
| |||||||
|
|
|
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|
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|
|
|
|
|
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| |||||||
PROTECT AND DIRECT |
| $ | 55,434 |
| 6.4 | % | $ | 52,093 |
| $ | 73,575 |
| 0.4 | % | $ | 73,282 |
| -5.1 | % | $ | 77,243 |
| 14.9 | % | $ | 67,225 |
| |
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| |||||||
INFORM |
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| |||||||
| HIS |
| $ | 3,821 |
| 62 | % | $ | 2,361 |
| $ | 4,263 |
| -10 | % | $ | 4,740 |
| 32 | % | $ | 3,601 |
| 3 | % | $ | 3,482 |
|
| NMI |
| 3,266 |
| -14 | % | 3,794 |
| 5,256 |
| -10 | % | 5,838 |
| -27 | % | 8,038 |
| 46 | % | 5,501 |
| ||||||
| SSI |
| 10,135 |
| 22 | % | 8,337 |
| 11,644 |
| 10 | % | 10,610 |
| -15 | % | 12,449 |
| 46 | % | 8,542 |
| ||||||
(1) | NSI |
| — |
|
|
| — |
| — |
|
|
| — |
|
|
| 7,002 |
| 42 | % | 4,944 |
| ||||||
(2) | UST |
| — |
|
|
| — |
| — |
|
|
| 41,336 |
|
|
| 5,977 |
|
|
| — |
| ||||||
(2) | PEEK TRAFFIC |
| — |
|
|
| — |
| — |
|
|
| 14,484 |
|
|
| — |
|
|
| — |
| ||||||
(2) | QTC |
| 43,391 |
| 9 | % | 39,801 |
| 51,615 |
| -8 | % | — |
|
|
| — |
|
|
| — |
| ||||||
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|
|
|
|
|
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|
|
|
|
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|
|
|
| ||||||
| TOTAL INFORM |
| $ | 60,613 |
| 12 | % | $ | 54,293 |
| $ | 72,778 |
| -5 | % | $ | 77,008 |
| 108 | % | $ | 37,067 |
| 65 | % | $ | 22,469 |
|
|
| FORECAST |
|
|
|
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|
|
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|
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| |
|
| NINE MONTHS |
|
|
| NINE MONTHS |
| FISCAL YEAR |
| |||||||||||||
|
| 2006 |
|
|
| 2005 |
| 2005 |
|
|
| 2004 |
|
|
| 2003 |
|
|
| 2002 |
| |
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
|
| |
PROTECT AND DIRECT |
| 37.3% |
| –6.0 | % | 39.7 | % | 41.0 | % | -4.7 | % | 43.0 | % | -3.8 | % | 44.70 | % | 6.4 | % | 42.00 | % | |
|
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| |
INFORM |
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| |
| HIS |
| 57.6 | % | 1 | % | 57.0 | % | 57.6 | % | 70 | % | 33.9 | % | -38 | % | 54.6 | % | 63 | % | 33.6 | % |
| NMI |
| 45.0 | % | -12 | % | 51.0 | % | 51.6 | % | 9 | % | 47.3 | % | -6 | % | 50.1 | % | 10 | % | 45.7 | % |
| SSI |
| 31.7 | % | 33 | % | 23.8 | % | 26.2 | % | -10 | % | 29.3 | % | -1 | % | 29.4 | % | -17 | % | 35.6 | % |
(1) | NSI |
| — |
|
|
| — |
| — |
|
|
| — |
|
|
| 11.3 | % | -43 | % | 20.0 | % |
(2) | UST |
| — |
|
|
| — |
| — |
|
|
| 9.5 | % | -40 | % | 21.1 | % |
|
| — |
|
(2) | PEEK TRAFFIC |
| — |
|
|
| — |
| — |
|
|
| 30.3 | % |
|
| — |
|
|
| — |
|
(2) | QTC |
| 13.0 | % | -15 | % | 15.3 | % | 15.6 | % | -5 | % | — |
|
|
| — |
|
|
| — |
|
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| |
| TOTAL INFORM |
| 20.7 | % | -1 | % | 20.9 | % | 22.4 | % | 9 | % | 20.5 | % | -35 | % | 31.6 | % | -8 | % | 34.3 | % |
OPERATING PROFIT (In 000’s)
|
| FORECAST |
|
|
|
|
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| |||||||||||
|
| NINE MONTHS |
|
|
| NINE MONTHS |
| FISCAL YEAR |
| |||||||||||||||||||||||
|
| 2006 |
|
|
| 2005 |
| 2005 |
|
|
| 2004 |
|
|
| 2003 |
|
|
| 2002 |
| |||||||||||
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| |||||||||||
PROTECT AND DIRECT |
| $ | 9,684 |
| 6.3 | % | $ | 9,111 |
| $ | 14,859 |
| -6.6 | % | $ | 15,904 |
| -15.6 | % | $ | 18,846 |
| 27.7 | % | $ | 14,755 |
| |||||
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| |||||||||||
INFORM |
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| |||||||||||
| HIS |
| $ | 995 |
| 124 | % | $ | 444 |
| $ | 975 |
| 111 | % | $ | 461 |
| -36 | % | $ | 724 |
| 453 | % | $ | 131 |
| ||||
| NMI |
| (131 | ) | -124 | % | 536 |
| 617 |
| -52 | % | 1,278 |
| -51 | % | 2,635 |
| 431 | % | 496 |
| ||||||||||
(3) | SSI |
| 814 |
| 268 | % | (484 | ) | (441 | ) | -321 | % | 200 |
| -43 | % | 352 |
| 15 | % | 305 |
| ||||||||||
(1) | NSI |
| — |
| — |
| — |
| — |
|
|
|
|
|
|
| (830 | ) | 47 | % | (565 | ) | ||||||||||
(3) | UST |
| — |
| — |
| — |
| — |
|
|
| (3,955 | ) | -606 | % | 270 |
|
|
| — |
| ||||||||||
| PEEK TRAFFIC |
| — |
| — |
| — |
| — |
|
|
| 1,003 |
|
|
| — |
|
|
| — |
| ||||||||||
(2) | QTC |
| (3,687 | ) | 15 | % | (4,344 | ) | (5,723 | ) | -94 | % | — |
|
|
| — |
|
|
| — |
| ||||||||||
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|
|
| ||||||||||
| TOTAL INFORM |
| $ | (2,009 | ) | -48 | % | $ | (3,848 | ) | $ | (4,572 | ) | 351 | % | $ | (1,013 | ) | -132 | % | $ | 3,151 |
| 759 | % | $ | 367 |
| ||||
(1) The operations of NSI were integrated into UST operations during fiscal 2004 and the NSI entity was liquidated.
(2) Since the acquisitions in calendar 2003, the operatinons of UST and Peek Traffic have been integrated over fiscal 2004 and fiscal 2005. QTC was considered one operating segment for fiscal 2005 due to the level of integration.
(3) A $32,600,000 impairment charge was recorded in fiscal 2004 which included $22,735,000 for UST, $5,701,000 for NMI and $4,164,000 for SSI. These amounts are not included in the table of operating profit.
EXHIBIT D
QUIXOTE CORPORATION
INDUSTRY SEGMENTS
MARCH 31, 2006
|
| PROTECT |
|
|
| INTERSECTION |
| UNALLOCATED |
|
|
|
|
| & DIRECT |
| INFORM |
| CONTROL |
| CORPORATE |
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL 2006 |
|
|
|
|
|
|
|
|
|
|
|
NINE MONTHS |
|
|
|
|
|
|
|
|
|
|
|
Net sales from external customers |
| 55,434,000 |
| 17,222,000 |
| 43,391,000 |
|
|
| 116,047,000 |
|
Operating profit(loss) |
| 9,683,000 |
| 1,678,000 |
| (3,687,000 | ) | (5,738,000 | ) | 1,936,000 |
|
Identifiable assets |
| 51,814,000 |
| 21,029,000 |
| 51,450,000 |
| 15,629,000 |
| 139,922,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS |
|
|
|
|
|
|
|
|
|
|
|
Net sales from external customers |
| 19,235,000 |
| 4,754,000 |
| 13,481,000 |
|
|
| 37,470,000 |
|
Operating profit(loss) |
| 3,678,000 |
| 481,000 |
| (2,290,000 | ) | (2,047,000 | ) | (178,000 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL 2005 |
|
|
|
|
|
|
|
|
|
|
|
NINE MONTHS |
|
|
|
|
|
|
|
|
|
|
|
Net sales from external customers |
| 52,093,000 |
| 14,492,000 |
| 39,801,000 |
|
|
| 106,386,000 |
|
Operating profit(loss) |
| 8,551,000 |
| 496,000 |
| (4,344,000 | ) | (6,230,000 | ) | (1,527,000 | ) |
Identifiable assets |
| 53,110,000 |
| 20,979,000 |
| 46,476,000 |
| 14,618,000 |
| 135,183,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS |
|
|
|
|
|
|
|
|
|
|
|
Net sales from external customers |
| 18,417,000 |
| 4,225,000 |
| 12,310,000 |
|
|
| 34,952,000 |
|
Operating profit(loss) |
| 4,021,000 |
| (8,000 | ) | (1,927,000 | ) | (2,317,000 | ) | (231,000 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
TWELVE MONTHS |
|
|
|
|
|
|
|
|
|
|
|
Net sales from external customers |
| 73,575,000 |
| 21,163,000 |
| 51,615,000 |
|
|
| 146,353,000 |
|
Operating profit(loss) |
| 14,859,000 |
| 1,151,000 |
| (5,723,000 | ) | (8,120,000 | ) | 2,167,000 |
|
Identifiable assets |
| 52,204,000 |
| 21,975,000 |
| 48,864,000 |
| 13,747,000 |
| 136,790,000 |
|
Capital expenditures |
| 1,593,000 |
| 490,000 |
| 1,722,000 |
| — |
| 3,805,000 |
|
Depreciation and amortization |
| 2,737,000 |
| 792,000 |
| 2,107,000 |
| 175,000 |
| 5,811,000 |
|