Graco 2010 Annual Report Download - page 88

Download and view the complete annual report

Please find page 88 of the 2010 Graco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

Newell Rubbermaid Inc. 2010 Annual Report
>
84 NEWELL RUBBERMAID 2010 Annual Report
MARKET FOR COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS
The Company’s common stock is listed on the New York and Chicago Stock Exchanges (symbol: NWL). As of January 31, 2011,
there were 14,218 stockholders of record. The following table sets forth the high and low sales prices of the common stock
on the New York Stock Exchange Composite Tape for the calendar periods indicated:
2010 2009
Quarters High Low High Low
First $15.88 $13.11 $10.95 $4.51
Second 17.96 14.55 12.15 6.22
Third 18.17 14.14 16.10 9.79
Fourth 18.48 16.71 15.73 13.66
The Company has paid regular cash dividends on its common stock since 1947. The Company paid a quarterly cash
dividend of $0.05 per share for the year ended December 31, 2010. For the year ended December 31, 2009, the Company
paid a quarterly cash dividend of $0.105 per share in the first quarter and $0.05 per share in each of the second, third
and fourth quarters. The payment of dividends to holders of the Company’s common stock remains at the discretion of
the Board of Directors and will depend upon many factors, including the Company’s financial condition, earnings, legal
requirements and other factors the Board of Directors deems relevant.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
“Normalized” EPS
2008 2009 2010
Diluted (loss) earnings per share from continuing operations, as reported $ (0.18) $ 0.97 $ 0.96
Project Acceleration restructuring costs and restructuring-related costs 0.31 0.26 0.24
Convertible notes dilution 0.06 0.10
Losses related to extinguishments of debt* 0.13 0.01 0.44
Tax benefits (0.10) (0.21)
Non-cash impairment charges 1.06
Other items, net 0.01 (0.01)
“Normalized” EPS $ 1.21 $ 1.31 $ 1.52
* For 2010, includes certain share impacts of the Capital Structure Optimization Plan.
Totals may not foot due to rounding.
European “Normalized” Operating Margin
2010
Europe, Middle East and Africa (“EMEA”) operating income, as reported $ 10.8
Add: Restructuring and restructuring-related costs 45.6
“Normalized” operating income $ 56.4
EMEA net sales $ 803.5
European “normalized” operating margin 7.0%