Document 3NqGkOwLKNBVQEN3yVkZzkE0a

American Brake Shoe Company I960 annual report 530 filth avenue, new york 36, new york annual meeting The next annual meeting of the shareholders will be held at 10 a.m.. Tuesday, April 25. 1961 in New York City. Proxies will be requested for the meeting. The notice of meeting and proxy statement will be mailed on or about March 31st. highlights 1960 1959' Shipments............................... . SI 64,586,507 S 168,028,632 Earnings before taxes . . . 11,966.874 16,081,383 Net earnings......................... 5.666.874 7,681,383 Net earnings from each dollar of shipments.......................... 3.4c 4.6c Stockholders' equity . . . . 89.978,438 88,130,381 Net earnings per dollar of stockholders' average equicy 6.4c 9.0c Per common share Net earnings.......................... Cash dividends..................... Stockholders' equity . . . . 3.48 2.40 55.24 4,72 2.40 54.19