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Communication Arts November I December 1982
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WE REWCTANfLY ANNOUNCE A CoNVENIENT NEW PACKAGE
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Communication Arts November/ December 1982
Knudsen Corporation
Financial Highlights
1980vs. 1979
1981vs 1980
"-'CJumgt
Rroenues and otlrer income Net income Ptr share Perm1t of re11e11uts Retum 011 shareholders' equity at beginning of tilt year Cash dividends Per share Share/10/ders' equity Per sha re Working cnpital Curren t ratio Average sl1ares outstanding •t980 Rlld prm pmods
h~Wt
$463 ,844,790 $
S
S S S $
S
6,939,719
2.55 1.51% 16.0% 2,068,726 .76 48,256,294 17.74 27,434,063 1.70 to 1 2,721 ,862
$414,409,627 6,634,657 2.44 1.61%
s s
$
S $
S S
17.2% 1,903,759 .70 43 ,308,714 15.89 22,426,620 1.60 to 1 2,721,157
+11.9
+ 4.6 + 4.5 - 6.2 - 7.0
+ 8.7 + 8.6 +11.4 +11.6 +22.3
+ 6.3
$368,190,392 6,027,604 2.22 1.65%
$ $
17.7%
s 1,606,009 .59 s 38,482,484 s 14.12 s 16,462,049
$
1.45 to 1 2,719,717
+12.6 +10.1
+ 9.9 -2.4 - 2.8 +18.5 +18.6 +12.5 +12.5 +36.2 +10.3
+ .1
btrtr mt•tfti as dtSCrrbtd m Nott Orrt tv lht Qmsclullltftl FmtmdiJI StA ftmrn ts.
Knudsen Corporation enters its 62nd year with diversifitd operatio11s servitrg marry areas of food a11d agriculture. Seven teen manufaduring and distribution centers proass and ship dairy and related food products throughout California, the Padfic Northwest, arrd into Nevada, Arizona, Utah , and Colorado.
Globe Extracts Company produces a brood range of flavorings for the food, beverage, pharmaceutical and tobacco industries, domestically and overseas, with plants /001ttd onbot1rcoasts.
Pacific Nortlrwest, under the name Hoogy's Comer•, combining the convenience of a neigld1orhood grocery with on-premises dining, serving delicatessen SQndwiches and other foods.
Knudsnr Agricultural Managmrent Company is in-
All "of th is is made possible by the skill and dtdia~tion of 2,200 mtn and womtn tr•gagtd in allfaatsof managenrerrt, manufacturing, research and development, salts and marketing.
volved in the operation of
dairy farms and hrifrr ranches throughout Cetrtral California, one of tilt largest agn·culturalareas in the nation. National Fast Foods, Inc. operates a chain ofdeliconvenif11ce stores in the
1981 Annual R"Porl
Four Introduction While Knudsen am tit~ues to maintain its positiotr as a dominant producer of dairy products in Califorrria, with expanding penetration into out-of-state markets, the Campany's ongoing diversification into non-dairy proctSSing operations pravid~ additional areas of growth . This balance betwe.n dairy and non-dairy operations, directtd tCJWard swble, long-term growth, provided a" important base to conduct business in 1981's difficult eamomy. Expanding Markets Major cllaitJ accounts were signtd up by Knudsm 's Dairy and Food Products Division in 1981, both within Califomia, long a Knudsen stronghold, and out-of-state. £stablishtd acrounts addtd flavors, sius, and styles to Knudsen product lines thry already carritd and increased the numbersofaffiliattd stores stocking Knudse11 products.
Cott•~
ch«M •nd •rr JJirtrltdly synonyMolls. O..t of tlr~
As 1982 began, several large chains which either carry
Knudsen products exclusively, or account for substan tial annual volumes, announad the additiorr of new stores throughout the Company's marketing area, as wd as plans to rtmotkl a numbel of existing stores to indude enlargtd dairy oases. FoodRrvict Growth Knudsm foodsuvice operations - salts to a wide varieh of businesses, including fas t-food chains, restaurants, it~dus trial and commercial Cllterers-btnefittdfromexpanded salts and marketing, advertising and promotion, new packaging, rtdpe development and consulting StTVices . Nnu account acquisitions increased substan tially in 1981, and many existing acrounts switched from partial purchase of Knudsen products to one hundrtd perant use. Representativr of the range and scope ofnru~ business brought irr were five major hotels addtd in U.S Vegas; two hospitals addtd in
Kruul~11
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to '' '"'"h~lh t~l'ltil~t 11lll11 the dtur h 111 IN.'. H" . "-''I lt>Non >f>nll~ ~1111d ult cumotl i> ntunll1ttnu· trw 11ith .1 x·;ll had; mnll'lllf.'lll of t" to 1!"
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IT'S A BOYETT. ..GIRL. Kathy and David are proud to announce the birth of Claire Beckley Boyett. Born May 22, !982, she weighed 7 lbs. 5 oz., was 21 inches in length, and brought immeasurable joy to her parents.
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Georgette A. Stratos Ph.D. REQUESTS YOUR PARTICIPATION IN THE CLARIFICATION Or A MISUNDERSTOOD SUBJECf: HER WHEREABOUTS DURING THE LAST EIGHT YEARS ... 8:00PM NOVEMBER 21, 1981 7 ABBOTTCf. ORINDA AT
LONG
CAPS AND GOWNS OPTIONAL
LAST!
RSVP ENRIQUE 494 2514
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