6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Operating revenues for the three month period consisted of two percent growth from base businesses and a two percent contribution from currency translation. The company's top line performance continued to reflect mixed end market activity for both the longer lead-time specialty systems as well as the short lead-time North American engineered components businesses.
On a manufacturing segment basis, the company's three month moving average percentage change for operating revenues, comprised of base business, is provided below.
(% change for 3 months ended November 2002 versus prior year period)
*Engineered Products/North America: + 3%
*Engineered Products/International: + 8%
*Specialty Systems/North America: - 2%
*Specialty Systems/International: + 1%
Based on two months of actual results in the 2002 fourth quarter, the company continues to forecast that income per diluted share from continuing operations excluding goodwill amortization is expected to be in the range of 67 cents to 77 cents. For full-year 2002, the company's forecast remains unchanged as income per diluted share from continuing operations is expected to be in the range of $2.95 to $3.05.