Document KJaOEkqzeJ1D2yR7GJ5oEqwm6

'0^y-oduc/A ASPHALT ROLL ROOFINGS ASPHALT SHINGLES AND SIDINGS ASBESTOS SHINGLES AND SIDINGS ASPHALT ROOF COATINGS AND CEMENTS SATURATED FELTS AND BUILDING PAPERS PLASTlSIZED GYPSUM WALL PLASTER INDUSTRIAL PLASTERS HALITE ACOUSTICAL PLASTER GYPSUM WATER-REPELLENT SHEATHING "FIRESTOP" GYPSUM WALLBOARD GYPSUM WALLBOARD GYPSUM LATH GYPSUM ROOF DECKS BEAVER FIBER WALLBOARD BUILDING INSULATION ROOF INSULATION BOARD EXPANSION JOINTS PAINT "IDEAL" MILLWORK USE AND RECOMMEND C2rtQifl"tCfl RU11 DING PRODUCTS CTD036856 Certain-teed Products Corporation and consolidated subsidiaries COMPARATIVE CONSOLIDATED STATEMENT OK INCOME KOR THE THREE MONTHS ENDED MARCH 31, 1953 AND MARCH 31, 1954 1955 Net sales..........................................................................................................................................$29,824,633 Profit on contractual operations................................................................ 101,067 29,925,700 Cost of goods sold, selling, administrative and general EXPENSES, DEPRECIATION AND DEPLETION.................................................. 26,741,131 3,184,569 1954 $13,546,029 94,443 13,640,472 12,046,820 1,593,652 Other income, net............................................................................................. 155,543 3,340,112 Provision for Federal and Canadian taxes on income....................... 1,734,000 Net income............................................................................................................ 1,606,112 45,416 1,639,068 867,215 771,853 Earnings per share of common stock.............................. Shares of common stock outstanding at march 31 This statement is subject to audit by independent accountants. ouw Sfyciwe/volct&vd $0.75 2,140,180 $0.45 ' 1,692,879 Certain-teed AND SUBSIDIARIES 'J Included in the above statement of income for 1955, in addition to subsidiaries previously consolidated, are the accounts of Wm. Cameron & Co. which became a majority-owned subsidiary in October of 1954. The company's only unconsolidated subsidiary is The Valspar Corporation. If you plan to build, remodel or redecorate this spring, please specify Certain-teed build ing materials and Valspar paints and varnishes. Information concerning Valspar paints and varnishes may be secured from The Valspar Corporation, Ardmore, Pennsylvania. Ardmore, Pennsylvania April 27, 1955 President CTD036857