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H O N  I N D U S T R I E S  I n c .  a n d  S U B S I D I A R I E S
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Investor Information
C O M M O N  S T O C K  M A R K E T  P R I C E S  A N D  D I V I D E N D S  
( U N A U D I T E D )  Q U A R T E R L Y  2 0 0 3  –  2 0 0 2
    Dividends
2003 by Quarter High Low per Share
1st  $ 29.38  $ 24.65  $ .13
2nd  31.67   27.27   .13 
3rd  38.60   30.15   .13 
4th  44.12   36.65   .13 
Total Dividends Paid     $ .52 
    Dividends
2002 by Quarter High Low per Share
1st  $ 29.12 $ 24.55 $ .125
2nd  30.85  25.45  .125
3rd  28.67  23.80  .125
4th  29.20  22.88  .125
Total Dividends Paid     $ .500
COMMON STOCK MARKET PRICE AND PRICE/EARNINGS 
RATIO (UNAUDITED) FISCAL YEARS 2003 – 1993
  Market Price*  Diluted Price/Earnings Ratio
    Earnings
Year High Low per Share* High Low
2003   44.12 24.65 1.68 26 15
2002    30.85 22.88 1.55 20 15
2001    28.85 19.96 1.26 23 16
2000    27.88 15.56 1.77 16 9
1999    29.88 18.75 1.44 21 13
1998    37.19  20.00 1.72 22 12
1997    32.13 15.88 1.45 22 11
1996    21.38 9.25 1.13 19 8
1995    15.63 11.50 .67 23 17
1994    17.00 12.00 .87 20 14
1993    14.63 10.75 .70 21 15
Eleven-Year Average    21 13
*Adjusted for the effect of stock splits
Summary of Unaudited Quarterly Results of Operations (continued)
   First Second  Third Fourth
(In thousands, except per share data) Quarter Quarter Quarter Quarter
YEAR-END 2001: 
 Net sales $ 461,997 $ 444,196 $ 459,352 $ 426,893
 Cost of products sold  311,711  292,789  298,427  278,213
 Gross profit  150,286  151,407  160,925  148,680
 Selling and administrative expenses  119,050  118,983  114,759  111,414
 Restructuring-related charges   –  24,000  –  –
 Operating income   31,236   8,424  46,166   37,266
 Interest income (expense) – net   (2,700)  (1,832)  (1,375)  (924)
 Income before income taxes  28,536  6,592  44,791  36,342
 Income taxes    10,273   2,373  16,125   13,083
 Net income  $ 18,263  $ 4,219 $ 28,666  $ 23,259
 Net income per common share – basic and diluted  $ .31 $ .07 $ .48 $ .40
 Weighted-average common shares outstanding – basic   59,448   59,205   59,048   58,651
 As a Percentage of Net Sales
 Net sales   100.0%   100.0%   100.0%   100.0%
 Gross profit  32.5  34.1  35.0  34.8
 Selling and administrative expenses  25.8  26.8  25.0  26.1
 Restructuring-related charges  –  5.4  –  –
 Operating income  6.8  1.9  10.1  8.7
 Income taxes  2.2  0.5  3.5  3.1
 Net income  4.0  0.9  6.2  5.4