Kennametal, Inc. 2006 Annual Report
ENGINEERING YOUR COMPETITIVE EDGE 2006 ANNUAL REPORT FINANCIAL HIGHLIGHTS Year ended June 30 (dollars in thousands except per share data) 2006 2005 2004 OPERATING PERFORMANCE Sales $ 2,329,628 $ 2,202,832 $ 1,866,953 Income from Continuing Operations 272,251 113,919 67,247 Diluted Earnings per Share – Continuing Operations 6.88 2.99 1.85 Operating Cash Flow 19,053 202,327 177,858 FINANCIAL CONDITION Total Assets $ 2,435,272 $ 2,092,337 $ 1,938,663 Total Debt, including Capital Leases and Notes Payable 411,722 437,374 440,207 Total Shareowners’ Equity 1,295,365 972,862 887,152 Total Debt to Total Equity 31.8% 45.0% 49.6% OTHER DATA Capital Expenditures $ 79,593 $ 88,552 $ 56,962 Research and Development 26,138 23,024 21,724 Number of Employees 13,300 14,000 13,700 STOCK INFORMATION Market Price per Share – High $ 67.38 $ 52.71 $ 46.20 Market Price per Share – Low 44.65 40.34 32.85 Dividends per Share 0.76 0.68 0.68 Shares Outstanding 38,607 38,127 36,633 Number of Shareowners 3,158 2,997 3,013 Amounts have been restated to reflect discontinued operations. SALES DILUTED EARNINGS TOTAL DEBT TO Millions of Dollars PER SHARE – TOTAL EQUITY CONTINUING OPERATIONS Percentage Dollars $2,330 $6.88 49.6% $2,203 45.0% $1,867 $2.99 31.8% $1.85 04 05 06 04 05 06 04 05 06 01 2006 ANNUAL REPORT PAGE PAGE VALUE CREATION: THE HEART OF KENNAMETAL’S CULTURE At Kennametal, our primary goal is to create superior value for our customers and shareowners as well as for the markets we Roy Hang MSSG - China serve.
[Show full text]