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EXHIBIT 13(A)(I)
11-YEAR FINANCIAL REVIEW
<Table>
<Caption>
2004 2003 2002 2001 2000 1999 1998 1997
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PER SHARE
Equity..................................... $ 16.73 $ 14.63 $ 12.66 $ 11.14 $ 9.93 $ 8.77 $ 7.80 $ 7.06
Diluted Earnings from Continuing
Operations............................... 2.48 2.15 1.85 1.68 1.64 1.46 1.30 1.11
Diluted Net Earnings....................... 2.48 2.15 1.85 1.68 1.64 1.46 1.30 1.11
Dividends.................................. 0.5025 0.4925 0.4825 0.4725 0.4625 0.4525 0.4425 0.4350
Price: High................................ 52.59 45.93 34.00 27.59 21.44 21.38 24.63 20.79
Low...................................... 40.15 31.05 25.03 16.88 16.06 14.25 14.25 13.33
-------- -------- -------- -------- -------- --------- -------- --------
EARNINGS DATA $(000).......................
Net Sales.................................. $787,686 $741,358 $715,563 $666,964 $652,148 $ 477,869 $426,773 $394,264
Operating Profit........................... 98,177 87,062 77,775 75,810 75,987 56,077 51,663 44,424
Interest Expense........................... 446 1,767 6,073 10,270 11,534 3,733 2,336 2,759
Pretax Income.............................. 99,060 86,059 71,450 65,734 63,487 55,615 51,347 44,192
Income Taxes............................... 34,717 31,371 24,773 23,804 23,201 20,137 19,262 17,164
Income from Continuing Operations.......... 63,997 54,552 46,601 41,893 40,237 35,412 32,079 26,918
Net Earnings............................... 63,997 54,552 46,601 41,893 40,237 35,412 32,079 26,918
Basic Average Shares Outstanding........... 25,492 25,107 24,840 24,535 24,270 23,970 24,268 24,133
Diluted Average Shares Outstanding......... 25,753 25,373 25,172 24,892 24,506 24,314 24,649 24,344
-------- -------- -------- -------- -------- --------- -------- --------
EARNINGS ANALYSIS
Operating Margin........................... 12.5% 11.7% 10.9% 11.4% 11.7% 11.7% 12.1% 11.3%
Pretax Margin.............................. 12.6% 11.6% 10.0% 9.9% 9.7% 11.6% 12.0% 11.2%
Effective Tax Rate......................... 35.0% 36.5% 34.7% 36.2% 36.5% 36.2% 37.5% 38.8%
Net Margin-Continuing Operations........... 8.1% 7.4% 6.5% 6.3% 6.2% 7.4% 7.5% 6.8%
Net Margin................................. 8.1% 7.4% 6.5% 6.3% 6.2% 7.4% 7.5% 6.8%
Return on Beginning Assets................. 11.9% 10.0% 8.8% 8.3% 8.5% 11.6% 11.4% 10.1%
Return on Beginning Shareholders' Equity... 17.3% 17.3% 17.0% 17.3% 19.1% 19.0% 18.7% 17.4%
Dividend Payout to Net Earnings............ 20.1% 22.7% 25.7% 27.6% 27.9% 30.5% 33.4% 38.2%
-------- -------- -------- -------- -------- --------- -------- --------
BALANCE SHEET $(000).......................
Current Assets............................. $303,990 $257,402 $259,746 $244,350 $230,479 $ 227,670 $168,173 $160,527
Plant Assets, Net.......................... 142,242 129,572 132,892 137,316 140,121 126,026 86,389 82,905
<Caption>
1996 1995 1994
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PER SHARE
Equity..................................... $ 6.46 $ 5.79 $ 5.18
Diluted Earnings from Continuing
Operations............................... 1.07 0.97 0.87
Diluted Net Earnings....................... 1.07 0.97 0.89
Dividends.................................. 0.4283 0.4217 0.4150
Price: High................................ 16.75 18.00 14.92
Low...................................... 12.42 12.08 10.58
-------- -------- --------
EARNINGS DATA $(000).......................
Net Sales.................................. $372,382 $330,110 $300,450
Operating Profit........................... 42,596 38,728 33,188
Interest Expense........................... 3,822 3,418 3,298
Pretax Income.............................. 41,405 36,631 31,886
Income Taxes............................... 15,315 13,060 12,057
Income from Continuing Operations.......... 25,945 23,500 20,786
Net Earnings............................... 25,945 23,500 21,416
Basic Average Shares Outstanding........... 23,908 23,850 23,804
Diluted Average Shares Outstanding......... 24,217 24,205 24,030
-------- -------- --------
EARNINGS ANALYSIS
Operating Margin........................... 11.4% 11.7% 11.0%
Pretax Margin.............................. 11.1% 11.1% 10.6%
Effective Tax Rate......................... 37.0% 35.7% 37.8%
Net Margin-Continuing Operations........... 7.0% 7.1% 6.9%
Net Margin................................. 7.0% 7.1% 7.1%
Return on Beginning Assets................. 10.6% 11.4% 11.2%
Return on Beginning Shareholders' Equity... 18.8% 19.1% 19.4%
Dividend Payout to Net Earnings............ 36.7% 39.7% 43.0%
-------- -------- --------
BALANCE SHEET $(000).......................
Current Assets............................. $140,726 $133,286 $109,992
Plant Assets, Net.......................... 84,525 73,047 58,787
</Table>
<Table>
<Caption>
2004 2003 2002 2001 2000 1999 1998 1997
-------- -------- -------- -------- -------- --------- -------- --------
Total Assets............................... 627,797 538,237 546,119 530,617 501,930 472,991 305,766 282,519
Current Liabilities........................ 126,272 111,373 174,255 94,931 97,826 97,475 61,183 54,237
Long-Term Debt............................. 24,130 16,913 22,648 135,203 141,486 145,981 36,419 37,656
Shareholders' Equity....................... 428,462 370,392 315,461 274,261 242,093 210,718 186,807 171,162
-------- -------- -------- -------- -------- --------- -------- --------
BALANCE SHEET ANALYSIS $(000)..............
Debt to Capitalization(A).................. 5.4% 4.5% 22.4% 33.9% 37.8% 41.8% 16.5% 18.5%
Working Capital............................ $177,718 $146,029 $ 85,491 $149,419 $132,653 $ 130,195 $106,990 $106,290
Current Ratio.............................. 2.4 2.3 1.5 2.6 2.4 2.3 2.7 3.0
-------- -------- -------- -------- -------- --------- -------- --------
CASH FLOW DATA $(000)......................
From Operations............................ $ 74,406 $ 87,896 $ 85,019 $ 63,290 $ 54,130 $ 38,642 $ 42,267 $ 41,632
For Investment............................. (62,209) (12,986) (18,978) (51,353) (42,125) (160,658) (19,290) (8,193)
From/(For) Financing....................... 1,063 (80,669) (59,774) (15,326) (15,862) 103,501 (19,943) (21,850)
Change in Cash & Equivalents............... 14,172 (5,399) 6,329 (3,446) (3,881) (18,576) 2,997 11,497
Capital Expenditures....................... 22,352 13,042 12,204 18,204 29,005 21,822 15,825 11,349
Depreciation & Amortization................ 19,151 18,985 19,760 21,850 21,079 15,372 12,380 11,600
Dividends Paid............................. 12,834 12,406 11,975 11,575 11,207 10,814 10,717 10,290
Net Interest Expense....................... 61 1,532 5,612 9,616 10,836 2,282 1,053 1,739
Income Taxes Paid.......................... 25,633 22,607 17,678 26,858 16,458 22,234 16,199 15,112
-------- -------- -------- -------- -------- --------- -------- --------
<Caption>
1996 1995 1994
-------- -------- --------
Total Assets............................... 267,019 245,697 206,928
Current Liabilities........................ 51,297 49,841 43,926
Long-Term Debt............................. 43,449 41,860 25,090
Shareholders' Equity....................... 154,681 138,144 122,801
-------- -------- --------
BALANCE SHEET ANALYSIS $(000)..............
Debt to Capitalization(A).................. 24.8% 26.4% 21.0%
Working Capital............................ $ 89,429 $ 83,445 $ 66,066
Current Ratio.............................. 2.7 2.7 2.5
-------- -------- --------
CASH FLOW DATA $(000)......................
From Operations............................ $ 26,675 $ 21,092 $ 25,670
For Investment............................. (18,934) (29,044) (1,159)
From/(For) Financing....................... (8,774) 7,226 (18,656)
Change in Cash & Equivalents............... (964) (684) 5,912
Capital Expenditures....................... 22,230 14,471 12,119
Depreciation & Amortization................ 10,704 9,145 8,166
Dividends Paid............................. 9,512 9,330 9,201
Net Interest Expense....................... 2,991 2,560 2,750
Income Taxes Paid.......................... 11,230 11,939 10,194
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</Table>
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(A) Total Debt (current and long-term) divided by Total Debt plus Shareholders'
Equity.