Summary of Unaudited Quarterly Results of Operations  (continued) Investor Information COMMON STOCK MARKET PRICES AND DIVIDENDS  (UNAUDITED) QUARTERLY 2003 – 2002 COMMON STOCK MARKET PRICE AND PRICE/EARNINGS  RATIO (UNAUDITED) FISCAL YEARS 2003 – 1993 *Adjusted for the effect of stock splits 55 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 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 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 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