Lufkin Industries Inc.Lufkin Industries Lufkin Industries NASDAQ: LUFK is a manufacturing company based in Lufkin, Texas and one of the largest employers in the city. Founded in 1902, it produces machinery such as oilfield pumping units, electrical equipment and trailers for trucks. Inc., Lufkin Lufkin, city (1990 pop. 30,206), seat of Angelina co., E Tex.; inc. 1890. Situated in the deep pine woods, it is the core of a region of forest industries with many sawmills and the first plant to make newsprint from native pine. , Texas, announced results for the fourth quarter and twelve months ended Dec. 31, 2005. Sales for the fourth quarter increased 35.4% to 145.4 million from $107.4 million for the fourth quarter of 2004. Net earnings rose 253.8% to $15.4 million from $4.3 million. Net earnings per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share were $1.03, an increase of 232.3% from $0.31 for the fourth quarter of 2004. The firm's board of directors also declared a quarterly cash dividend of $0.11 per share on its common stock in February February: see month. . The dividend will be paid on March 10 to shareholders of record on March 1. |
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