Exhibit 99.1 VULCAN INTERNATIONAL CORPORATION Executive Offices: 300 Delaware Avenue, Suite 1704 Wilmington, Delaware 19801 FOR IMMEDIATE RELEASE April 11, 2003 - --------------------- Vulcan International Corporation, the parent of Vulcan Corporation, a Tennessee corporation, a diversified manufacturer of rubber and foam products and bowling pins with manufacturing plants in Tennessee and Wisconsin, announced that net revenues for the first quarter ending March 31,2003 decreased to $2,776,089 from $2,938,337 in the first quarter of 2002. Net earnings from continuing operations decreased to $140,581 in the first quarter of 2003 from $284,426 in the first quarter of 2002. Capital gains in first quarter of 2003 due mainly to sales of securities were $462,517 compared to $356,877 in the first quarter of 2002. On a per share basis in the first quarter ending March 31, 2003 the Company had earnings, including capital gains, of 60 cents per share compared to 58 cents in the first quarter of 2002. Attribute to Benjamin Gettler, Chairman of the Board and President. For more information: Contact Vernon E. Bachman, Vice President Secretary and Treasurer at (513) 621-2850 -1- VULCAN INTERNATIONAL CORPORATION COMPARISON THREE MONTHS ENDED MARCH 31 2003 2002 ---- ---- <s> <c> <c> NET REVENUES: TOTAL REVENUES $2,776,089 2,938,337 --------- --------- NET EARNINGS: NET OPERATING PROFIT 140,581 284,426 NET GAINS(LOSS) ON DISPOSAL OF ASSETS 462,517 356,877 --------- --------- TOTAL NET EARNINGS 603,098 641,303 --------- --------- EARNINGS PER COMMON SHARE: NET OPERATING PROFIT 0.14 0.26 NET GAINS(LOSS) ON DISPOSAL OF ASSETS 0.46 0.32 RESTATEMENTA OF INCOME NET OF TAX - - --------- --------- TOTAL EARNINGS PER COMMON SHARE 0.60 0.58 --------- --------- AVERAGE NUMBER OF SHARES OUTSTANDING 1,004,596 1,102,087 -2-