the collaborate innovate listen learn focus flourish adapt advance push pull ar 2001 penford corporation of things nature www penx com penf ord c orpor a tion 2 001 na ture thing s know grow economies wax and wane markets ebb flow opportunities emerge evolve challenges changing world are not unique to but many our strategies strengths we re global leader in applying complex science carbohydrate chemistry making good better healthier breads crisper french fries safer meat products finer papers stronger fabrics cleaner manufacturing processes like business philosophy is based on understanding customers their marketplace today most pressing needs tomorrow greatest potential ourselves environment more intelli gently using resources dollars thousands except share per data year ended august 31 2000 1999 1998 1997 operating product sales 205 080 158 150 155 056 163 045 170 057 gross margin percentage 19 7 27 4 25 8 28 0 income