Exhibit 99.2
Quarterly Net Sales and Operating Profit from Ongoing Operations by Segment for 2015, 2014 & 2013
| (In Thousands) | First Quarter 2015 | Second Quarter 2015 | Third Quarter 2015 | ||||||||
| Net Sales | |||||||||||
| PE Films | $ | 106,357 | $ | 91,959 | $ | 93,943 | |||||
| Flexible Packaging Films | 26,844 | 23,340 | 27,155 | ||||||||
| Aluminum Extrusions | 93,645 | 98,203 | 94,812 | ||||||||
| Total net sales | 226,846 | 213,502 | 215,910 | ||||||||
| Add back freight | 7,325 | 7,743 | 7,862 | ||||||||
| Sales as shown in the Consolidated Statements of Income | 234,171 | 221,245 | 223,772 | ||||||||
| Operating Profit | |||||||||||
| PE Films: | |||||||||||
| Ongoing operations | 16,832 | 9,272 | 9,745 | ||||||||
| Plant shutdowns, asset impairments, restructurings and other | — | (7 | ) | (2,044 | ) | ||||||
| Flexible Packaging Films: | |||||||||||
| Ongoing operations | 785 | (3,094 | ) | 4,102 | |||||||
| Plant shutdowns, asset impairments, restructurings and other | 67 | (252 | ) | — | |||||||
| Goodwill impairment charge | — | — | (44,465 | ) | |||||||
| Aluminum Extrusions: | |||||||||||
| Ongoing operations | 5,292 | 8,299 | 7,272 | ||||||||
| Plant shutdowns, asset impairments, restructurings and other | (15 | ) | (18 | ) | (331 | ) | |||||
| Total | 22,961 | 14,200 | (25,721 | ) | |||||||
| Interest income | 89 | 82 | 76 | ||||||||
| Interest expense | 885 | 893 | 901 | ||||||||
| Stock option-based compensation costs | 300 | 198 | 73 | ||||||||
| Corporate expenses, net | 7,216 | 11,694 | 6,722 | ||||||||
| Income (loss) from continuing operations before income taxes | 14,649 | 1,497 | (33,341 | ) | |||||||
| Income taxes from continuing operations | 4,779 | 903 | 3,382 | ||||||||
| Income (loss) from continuing operations | 9,870 | 594 | (36,723 | ) | |||||||
| Income (loss) from discontinued operations, net of tax | — | — | — | ||||||||
| Net income (loss) | $ | 9,870 | $ | 594 | $ | (36,723 | ) | ||||
Exhibit 99.2
Quarterly Net Sales and Operating Profit from Ongoing Operations by Segment for 2015, 2014 & 2013
(continued)
| (In Thousands) | First Quarter 2014 | Second Quarter 2014 | Third Quarter 2014 | Fourth Quarter 2014 | |||||||||||
| Net Sales | |||||||||||||||
| PE Films | $ | 121,079 | $ | 118,658 | $ | 115,155 | $ | 109,448 | |||||||
| Flexible Packaging Films | 28,081 | 27,358 | 27,943 | 30,965 | |||||||||||
| Aluminum Extrusions | 79,283 | 84,548 | 89,605 | 90,910 | |||||||||||
| Total net sales | 228,443 | 230,564 | 232,703 | 231,323 | |||||||||||
| Add back freight | 6,770 | 6,401 | 7,726 | 7,896 | |||||||||||
| Sales as shown in the Consolidated Statements of Income | 235,213 | 236,965 | 240,429 | 239,219 | |||||||||||
| Operating Profit | |||||||||||||||
| PE Films: | |||||||||||||||
| Ongoing operations | 16,651 | 16,052 | 14,471 | 13,797 | |||||||||||
| Plant shutdowns, asset impairments, restructurings and other | (1,245 | ) | (10,923 | ) | (113 | ) | 43 | ||||||||
| Flexible Packaging Films: | |||||||||||||||
| Ongoing operations | 71 | (1,089 | ) | (1,265 | ) | (634 | ) | ||||||||
| Plant shutdowns, asset impairments, restructurings and other | — | — | (297 | ) | (292 | ) | |||||||||
| Aluminum Extrusions: | |||||||||||||||
| Ongoing operations | 4,761 | 8,050 | 5,752 | 7,101 | |||||||||||
| Plant shutdowns, asset impairments, restructurings and other | — | (174 | ) | (126 | ) | (676 | ) | ||||||||
| Total | 20,238 | 11,916 | 18,422 | 19,339 | |||||||||||
| Interest income | 195 | 107 | 117 | 169 | |||||||||||
| Interest expense | 630 | 531 | 590 | 962 | |||||||||||
| Gain (loss) on investment accounted for under fair value method | — | (1,100 | ) | 4,000 | (900 | ) | |||||||||
| Gain on sale of investment property | — | 1,208 | — | — | |||||||||||
| Stock option-based compensation costs | 241 | 345 | 358 | 328 | |||||||||||
| Corporate expenses, net | 6,475 | 5,339 | 5,477 | 7,019 | |||||||||||
| Income from continuing operations before income taxes | 13,087 | 5,916 | 16,114 | 10,299 | |||||||||||
| Income taxes from continuing operations | 4,608 | 2,164 | 5,369 | (2,754 | ) | ||||||||||
| Income from continuing operations | 8,479 | 3,752 | 10,745 | 13,053 | |||||||||||
| Income (loss) from discontinued operations, net of tax | — | — | 850 | — | |||||||||||
| Net income | $ | 8,479 | $ | 3,752 | $ | 11,595 | $ | 13,053 | |||||||
Exhibit 99.2
Quarterly Net Sales and Operating Profit from Ongoing Operations by Segment for 2015, 2014 & 2013
(continued)
| (In Thousands) | First Quarter 2013 | Second Quarter 2013 | Third Quarter 2013 | Fourth Quarter 2013 | |||||||||||
| Net Sales | |||||||||||||||
| PE Films | $ | 122,909 | $ | 126,718 | $ | 124,348 | $ | 121,411 | |||||||
| Flexible Packaging Films | 31,476 | 31,548 | 32,839 | 29,990 | |||||||||||
| Aluminum Extrusions | 79,939 | 77,855 | 78,499 | 73,189 | |||||||||||
| Total net sales | 234,324 | 236,121 | 235,686 | 224,590 | |||||||||||
| Add back freight | 7,202 | 7,409 | 7,508 | 6,506 | |||||||||||
| Sales as shown in the Consolidated Statements of Income | 241,526 | 243,530 | 243,194 | 231,096 | |||||||||||
| Operating Profit | |||||||||||||||
| PE Films: | |||||||||||||||
| Ongoing operations | 14,764 | 16,644 | 16,597 | 13,861 | |||||||||||
| Plant shutdowns, asset impairments, restructurings and other | (102 | ) | (107 | ) | (155 | ) | (307 | ) | |||||||
| Flexible Packaging Films: | |||||||||||||||
| Ongoing operations | 2,243 | 2,083 | 3,020 | 1,754 | |||||||||||
| Plant shutdowns, asset impairments, restructurings and other | — | — | — | — | |||||||||||
| Aluminum Extrusions: | |||||||||||||||
| Ongoing operations | 4,614 | 4,311 | 3,426 | 5,940 | |||||||||||
| Plant shutdowns, asset impairments, restructurings and other | (253 | ) | (545 | ) | (160 | ) | (1,790 | ) | |||||||
| Total | 21,266 | 22,386 | 22,728 | 19,458 | |||||||||||
| Interest income | 78 | 91 | 138 | 287 | |||||||||||
| Interest expense | 690 | 715 | 727 | 738 | |||||||||||
| Gain (loss) on investment accounted for under fair value method | 1,100 | 2,100 | (3,100 | ) | 3,300 | ||||||||||
| Unrealized loss on investment property | — | (1,018 | ) | — | — | ||||||||||
| Stock option-based compensation costs | 316 | 283 | 260 | 296 | |||||||||||
| Corporate expenses, net | 8,157 | 7,487 | 8,414 | 7,799 | |||||||||||
| Income from continuing operations before income taxes | 13,281 | 15,074 | 10,365 | 14,212 | |||||||||||
| Income taxes from continuing operations | 3,764 | 5,484 | 2,937 | 4,810 | |||||||||||
| Income from continuing operations | 9,517 | 9,590 | 7,428 | 9,402 | |||||||||||
| Income (loss) from discontinued operations, net of tax | (5,240 | ) | (8,300 | ) | (450 | ) | — | ||||||||
| Net income | $ | 4,277 | $ | 1,290 | $ | 6,978 | $ | 9,402 | |||||||