Document XzZqZgwdZKrJdxjZem0Vaor8B

'-alur~u7Qs-trC'7J Slack j>1 r,, NOV 21 1962 Zonolite Co. - Price 10/30/62 A - Dividend S686 Yield COMMON 7*- 7* *20.20 *2.5% POSITION: The compcny It a leading miner and processor of vermlcullte. whlchli used mainly as a building material. Shareholders will be asked to vote on a proposal by W. R. Grace A Company to acquire Zanollie's business and assets. FUNDAMENTAL POSITION Zonolite manufactures various Insulatlog tlreprool sod water repellent running materials, and also distributee aluminum siding and Dyfoam Corporation's poly styrene insulation board products. Products Include Insulating till, plaster aggregate, acoustical plastic, finish ag gregate, Industrial Insulation, high tem perature cement. Insulating plastic, in sulating precast root blabs, Insulation tor underground plpee and glass liber. MonoHot*, introduced In 1SS8, is used to fire proof steel buildings. Non-building products include Terra-. Lite vermlcullte soil conditioner, ferti lizer conditioner and carrier lor Insecti cides, pesticides, fungicides and fumi gants; Sanl-Flor liner for chicks and turkey poults; Bar-B-Sorb mineral base lor charcoal cooking; and VenQte tor use In animal feeds. Tbs industrial division bandies and mining and the sale of mine products and services to ore customers, and tbs products division bandits sales from tbe processing plants to tbe building industry and other markets. Superior Asbestos was formed as a wholly-owned subsidiary In March, 1962, to develop recovery of a abort fiber as bestos at tbs Libby sins. Affiliates Include Western Mineral Products (34%-held), California Zonolite (33 1/3%) and ArtZpnollte (33 1/3%). Plants are at Chicago, New Orleans, Trenton, Utica, Jacksonville, Wilder (Cin cinnati), Dearborn, St. Louis, tittle Rock, Tampa, High feint (North Carolina), Ellwood city (Pittsburgh), Libby, Muirkirk (Washington), Atlanta, Kansas City, Bir mingham, Boca Raton, North Billerica (Boston) and Travelers Rest (South Caro lina). Mines are located at Libby, Montana, and Kearney, South Carolina. Employees: About 515. EARNINGS-DIVIDENO RECORD bYr.End. Net --Per Share Data ($)-- Mar. 31 Sales Earns. Dive. c Range 1962 0.20 7*- 4* 1961 9.87 0.52 0.20 5-3* 1960 1959 9.60 0.38 0.15 10.02 0.64 0.20 6*- 3* 6*. 3* 1958 6.92 0.45 Nil 4*- 1* 1967 1956 $.05 0.05 Nfl 3*- IX 7.56 0.14 0.07* 4X- 2* 1855 7.97 0.31 0.07* 6*- 4* 1954 6.35 0.37 0.07* 8-3* 1953 .5.96 0.36 0.07* 4H- 4* 1952 5.94 0.47 0.07* 5*- 4* 1951 1950 6.96 0.45 0.16 6.27 0.79 0.15 IX- 4* X- 5* a in mill Ions of dollars bOf tbe fol- lowing calendar year. e Calendar year; bid prices. RECENT DEVELOPMENTS Sales and sundry Income In tbe fiscal year ended March 31, 1962, rose 2.9% above tbe year-earlier level, with growing demand for newer tin<tig products mors than offsetting declines for some older Items and tbe agricultural division bene fiting from broadening of tbe line. Im proved margins on tbs srpstided volume brought the gain in total Income to 19%, and depreciation absorbed a smaller pro portion of available Income. The Increase In pretax earnings was 33% and, after a lower tax charge, at 7% against 11%, final oat advanced 39%. Tor tbs six months ended September 30, 1962, net Income receded 8% from a year before, and earnings dropped to $0.13 a bars, from $0.16. On October 22, 1962, W. ft. Grace L Company announced It bad reached a ten tative agreement to acquire tbe business and assets of Zonolite. The proposal called for issuance of one share of Grace com mon la exchange for eaeb four Zonolite bares. Completion of tbs transaction Is subject to approval by Grace's directors and by Zonolite' director! and share holders. . Tf*M *WWP It# cbw9Mr. ilsdiCAisR r*tn. OVU.TMKOUMUl tWONU OOUMOI I TOC* IWOITI Rwoug roort cosouton Vol. 28 No. 127 Wednesday. November 7, 1962 Sec. 37