The company also announced the declaration of a quarterly cash dividend of $0.16 per share on the company's common stock. The dividend is payable on March 6, 2013 to stockholders of record at the close of business on February 27, 2013.
Estimates provided for 2013
The company estimates that its net revenue for the full year 2013 will be up 10 percent to 12 percent when compared to 2012. Estimates for earnings per diluted share show an increase between 22 percent and 32 percent compared to 2012 earnings per diluted share, excluding special items. Capital expenditures for 2013 are projected to be between $78 and $83 million as investments are made in plant improvements, quality, capacity and innovation.