01 00 99 98 97 96 95 94 93 92 91 NET SALES (Millions of dollars) 458 482 533 594 704 759 833 940 944 1,092 1,137 Donaldson has posted 18 consecutive years of  revenue increases. 01 00 99 98 97 96 95 94 93 92 91 .42 .46 .51 .59 .73 .84 .99 1.14 1.31 1.51 1.66 Earnings per share were up 10 percent in 2001, the 12th consecutive year of double-digit increases in EPS. EARNINGS PER SHARE (Dollars) 01 00 99 98 97 96 95 94 93 92 91 RETURN ON EQUITY (% Per annum) 18.0 17.2 16.9 17.6 18.8 19.3 21.4 22.8 24.1 25.9 25.2 Donaldson Company is delivering shareholder value through consistently high returns on shareholders' equity. 01 00 99 98 97 96 95 94 93 92 91 .07 .09 .10 .12 .14 .15 .17 .19 .23 .27 .295 Dividends paid per share increased 9 percent in 2001. The company distributes about 20 percent of net income to shareholders through regular quarterly dividends. DIVIDENDS PER SHARE (Dollars) 5