EXHIBIT 13(a)(ix)
11-YEAR FINANCIAL REVIEW
<Table>
<Caption>
2002 2001 2000 1999
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PER SHARE
Equity ........................................ $ 12.66 $ 11.14 $ 9.93 $ 8.77
Diluted Earnings from Continuing Operations ... 1.85 1.68 1.64 1.46
Diluted Net Earnings .......................... 1.85 1.68 1.64 1.46
Dividends ..................................... 0.4825 0.4725 0.4625 0.4525
Price: High ................................... 34.00 27.59 21.44 21.38
Low .................................... 25.03 16.88 16.06 14.25
---------- ---------- ---------- ----------
EARNINGS DATA ($000)
Net Sales ..................................... $ 715,563 $ 666,964 $ 652,148 $ 477,869
Operating Profit .............................. 77,775 75,810 75,987 56,077
Interest Expense .............................. 6,073 10,270 11,534 3,733
Pretax Income ................................. 71,450 65,734 63,487 55,615
Income Taxes .................................. 24,773 23,804 23,201 20,137
Income from Continuing Operations ............. 46,601 41,893 40,237 35,412
Cumulative Effect of Accounting Changes ....... -- -- -- --
Net Earnings .................................. 46,601 41,893 40,237 35,412
Basic Average Shares Outstanding .............. 24,840 24,535 24,270 23,970
Diluted Average Shares Outstanding ............ 25,172 24,892 24,506 24,314
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EARNINGS ANALYSIS
Operating Margin .............................. 10.9% 11.4% 11.7% 11.7%
Pretax Margin ................................. 10.0% 9.9% 9.7% 11.6%
Effective Tax Rate ............................ 34.7% 36.2% 36.5% 36.2%
Net Margin-Continuing Operations .............. 6.5% 6.3% 6.2% 7.4%
Net Margin .................................... 6.5% 6.3% 6.2% 7.4%
Return on Beginning Assets .................... 8.8% 8.3% 8.5% 11.6%
Return on Beginning Shareholders' Equity ...... 17.0% 17.3% 19.1% 19.0%
Dividend Payout to Net Earnings ............... 25.7% 27.6% 27.9% 30.5%
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BALANCE SHEET DATA ($000)
Current Assets ................................ $ 259,746 $ 244,350 $ 230,479 $ 227,670
Plant Assets, Net ............................. 132,892 137,316 140,121 126,026
Total Assets .................................. 546,119 530,617 501,930 472,991
Current Liabilities ........................... 174,255 94,931 97,826 97,475
Long-Term Debt ................................ 22,648 135,203 141,486 145,981
Shareholders' Equity .......................... 315,461 274,261 242,093 210,718
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BALANCE SHEET ANALYSIS ($000)
Debt to Capitalization (A) .................... 22.4% 33.9% 37.8% 41.8%
Working Capital ............................... $ 85,491 $ 149,419 $ 132,653 $ 130,195
Current Ratio ................................. 1.5 2.6 2.4 2.3
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CASH FLOW DATA ($000)
From Operations ............................... $ 85,019 $ 63,290 $ 54,130 $ 38,642
For Investment ................................ (18,978) (51,353) (42,125) (160,658)
From/(For) Financing .......................... (59,774) (15,326) (15,862) 103,501
Change in Cash & Equivalents .................. 6,329 (3,446) (3,881) (18,576)
Capital Expenditures .......................... 12,204 18,204 29,005 21,822
Depreciation & Amortization ................... 19,760 21,850 21,079 15,372
Dividends Paid ................................ 11,975 11,575 11,207 10,814
Net Interest Expense .......................... 5,612 9,616 10,836 2,282
Income Taxes Paid ............................. 17,678 26,858 16,458 22,234
Free Cash Flow (B) ............................ 60,840 33,511 13,918 6,006
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</Table>
(A) Total Debt (current and long-term) divided by Total Debt plus Shareholders'
Equity.
(B) Cash Flow From Operations less Capital Expenditures and Dividends Paid.
11-YEAR FINANCIAL REVIEW
<Table>
<Caption>
1998 1997 1996 1995 1994 1993 1992
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$ 7.80 $ 7.06 $ 6.46 $ 5.79 $ 5.18 $ 4.63 $ 4.39
1.30 1.11 1.07 0.97 0.87 0.72 0.66
1.30 1.11 1.07 0.97 0.89 0.72 0.56
0.4425 0.4350 0.4283 0.4217 0.4150 0.4067 0.4000
24.63 20.79 16.75 18.00 14.92 13.33 15.00
14.25 13.33 12.42 12.08 10.58 10.67 10.00
---------- ---------- ---------- ---------- ---------- ---------- ----------
$ 426,773 $ 394,264 $ 372,382 $ 330,110 $ 300,450 $ 253,211 $ 218,172
51,663 44,424 42,596 38,728 33,188 29,960 27,810
2,336 2,759 3,822 3,418 3,298 3,979 4,438
51,347 44,192 41,405 36,631 31,886 27,221 24,930
19,262 17,164 15,315 13,060 12,057 9,944 8,941
32,079 26,918 25,945 23,500 20,786 17,277 15,989
-- -- -- -- 630 -- (2,370)
32,079 26,918 25,945 23,500 21,416 17,277 13,619
24,268 24,133 23,908 23,850 23,804 23,831 24,030
24,649 24,344 24,217 24,205 24,030 24,076 24,346
---------- ---------- ---------- ---------- ---------- ---------- ----------
12.1% 11.3% 11.4% 11.7% 11.0% 11.8% 12.7%
12.0% 11.2% 11.1% 11.1% 10.6% 10.8% 11.4%
37.5% 38.8% 37.0% 35.7% 37.8% 36.5% 35.9%
7.5% 6.8% 7.0% 7.1% 6.9% 6.8% 7.3%
7.5% 6.8% 7.0% 7.1% 7.1% 6.8% 6.2%
11.4% 10.1% 10.6% 11.4% 11.2% 9.5% 7.6%
18.7% 17.4% 18.8% 19.1% 19.4% 16.4% 13.4%
33.4% 38.2% 36.7% 39.7% 43.0% 52.3% 65.8%
---------- ---------- ---------- ---------- ---------- ---------- ----------
$ 168,173 $ 160,527 $ 140,726 $ 133,286 $ 109,992 $ 97,569 $ 105,067
86,389 82,905 84,525 73,047 58,787 53,839 42,324
305,766 282,519 267,019 245,697 206,928 191,657 181,660
61,183 54,237 51,297 49,841 43,926 37,647 30,559
36,419 37,656 43,449 41,860 25,090 32,650 38,534
186,807 171,162 154,681 138,144 122,801 110,299 105,460
---------- ---------- ---------- ---------- ---------- ---------- ----------
16.5% 18.5% 24.8% 26.4% 21.0% 29.6% 30.1%
$ 106,990 $ 106,290 $ 89,429 $ 83,445 $ 66,066 $ 59,922 $ 74,508
2.7 3.0 2.7 2.7 2.5 2.6 3.4
---------- ---------- ---------- ---------- ---------- ---------- ----------
$ 42,267 $ 41,632 $ 26,675 $ 21,092 $ 25,670 $ 20,727 $ 23,456
(19,290) (8,193) (18,934) (29,044) (1,159) (74) (7,737)
(19,943) (21,850) (8,774) 7,226 (18,656) (22,772) (9,929)
2,997 11,497 (964) (684) 5,912 (2,197) 5,811
15,825 11,349 22,230 14,471 12,119 10,776 8,290
12,380 11,600 10,704 9,145 8,166 7,227 8,387
10,717 10,290 9,512 9,330 9,201 9,036 8,958
1,053 1,739 2,991 2,560 2,750 3,104 4,140
16,199 15,112 11,230 11,939 10,194 10,059 11,200
15,725 19,993 (5,067) (2,709) 4,350 915 6,208
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</Table>