Net sales in the third quarter of 2012 were $789.7 million, an increase of 3% compared to the $764.3 million reported in the third quarter of 2011. Operating income was $135.1 million, or 17.1% of net sales, compared to $125.3 million, or 16.4% of net sales, for the comparable period of 2011. Net income in the third quarter of 2012 was $87.1 million versus $82.4 million reported in the third quarter of 2011.
Mr. Powers commented, “Looking at the remainder of 2012, we remain on track to deliver another year of record results despite macro economic uncertainty. For the full year 2012, we now expect net sales to increase by approximately 6% and operating margins to expand by approximately 70 basis points.”