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1960
<br />ANNUAL REPORT
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<br />TO OUR STOGKHOLDERS, EMPLOYE�S AND FRIENDS �
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<br />It is a pleasure to report that the company has completed a highly �
<br />succeasful year.
<br />SALES AND EARNINGS �
<br />The Company's consolidated net sal�s far the year ended June 30, 156�,
<br />rose to a new high of $9,666,000—a ll l;r increase or $5,077�004 over the
<br />1969 total of $9,b88,000.
<br />Control DAta Corporation's con�olidated net inc�me increa�ed $26�,500
<br />ta $661,?00 or 95�J� over 196� eurnings of $288,200. E�rning� were $0.66
<br />per share on 968,52� sh�res outstanclinq �s of June 30, 1960. Earninga for
<br />the period ended June 80� 1�J69, were $0.8A per �hAre on 789,760 aharea out-
<br />�tanding, for thia p�riod ho�vever $0.11 rier :�h�re of thi� nmount orlginatied
<br />from a reciuction of incomc tuxe� resultin� from curry•fnr�4�nrd of the 1fl68
<br />opers�tin� loss.
<br />The t��ckla►g of ord�r� mt June �4, 1J60, w►�.y $11,860,000 compared to
<br />$6,&60,OOt� June 30, I�S9.
<br />FINAMClAL PdSlitON
<br />�'i�orkin� ct►�Itat of the Compa»y nt June 30, 1960, w»� $2�611,t}00
<br />compared tvith $1,822,000 thc previauR ��enr. 0�� S�pt�mber 18, 1A69� the
<br />G�nmpt�ny i�sued �f�i�94 �i��re� af rc���nan �tc�k through � subacripti�n
<br />ofYerin� to �tA �tockhold�r:s. T�� nc�t pr�ee�si� 4'rom the i���.� werca approxi-
<br />mutcl� �1��2�,�00.
<br />The Gam�n�t �c�uit�d �antrai �c►t��ort�Eiaa� �t� �nf r���ril 1, 1�fi0, b� an
<br />�tchnn�te ot c�mman :�tack. Upon th� eCf��ti�Q dute of tho m�r�r, �ub-
<br />�t�nti�ll,� �Il af t�� t��att� of �a�ntr�l CQr��orntiar� «•�re tr�naf�rred to a
<br />new �3inn��nt�e C�r�rt�tion, inrar�rx�t�c! und+�r th� nx�n�c� "��nt.rol �t�-
<br />pa�r��ian", �°h�ctr n�«� op�r�te� �i� ����ho�ll�,�•o�me�,i �ub�icilnt�r of th�
<br />�om�ny.
<br />C�pitnl �xpenciit�sre� ir�cludit�� �cqui�itifgn ��' the �xeci ���t� af Con-
<br />tro1 �orpartrtion nnd impro��ement� of 1����hold pr�mi�c� t�r�nount�d tA
<br />$1,69�,4tl4 during a�ar fi�c�l �e�r �nded Jun� �ti. 1��Q. �ur provi�ion for
<br />dQpn�edatic�� whi�� inelud�i �►mArti�tian df i���erh�lti i�nnprav�r��nt�
<br />amAunt� to �2�6,OA0.
<br />Far th� prevtou� yesir 4np�ita:! �acpanctit�ar�� �r���nt�c! t� $2a��QQ wh1tQ
<br />thQ prn�►iaton far ciepr�ci�e�i�n tinci ie�R�hc�lrl :�t�n�rtix�ti�n �mountc�ri tA
<br />$b3,Q40.
<br />��RSdtti�EL
<br />T'he �rumt�r ui �mploy��� inere�►��d fram ��0 �n J�an� �Q, t9S8, to
<br />a�0 an Ju»� 3U, 1fl60,
<br />��CILI�'iES
<br />F�p�n�ion �f 1����ci p1�n� fnciliti�� t�ak ��Ds�c� c�urin� �he yQ�r. A�
<br />�he end oP tho ���t fl�e�D �Q�r ?�,�00 �qu�►r� feat a� Kpaee «�n� undar teu�e
<br />�+vherQas �.l0�OQ0 aqunr� feet �f ��t�cQ ���e� Ien�ed a� �i Jun� �A� �96Q.
<br />�E��lI��RCl��. �USINESS
<br />�Vith th� �cqu�aitlan �f Contr�l ��r�r�ttion t�hc Com�ny mnd� n�i�-
<br />ni���nt �n�r�t►se in it� �Qmrr►er�i�l b�a�ine�s, �inc� �ho gAl�s �f �ar�isol
<br />C'orpo��tion ara m�dQ �lmaet Qntir�ly t� induatri�l canc�rn�.
<br />Cvnf.rol Cot�p�ration mt�nu�f��ture� electronie aup�rvisor�r con�rnl� pri-
<br />m�riIy �or ue� by �lectric utilitic�s nnd Uy oil �nd �Rs pipQ l�no com�nies.
<br />- ��Y
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