Delaware		75-0832210
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)
1341 West Mockingbird Lane, Suite 700W, Dallas, Texas		75247-6913
(Address of principal executive offices)		(Zip Code)

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PART I.    FINANCIAL INFORMATION
Item 1.		Financial Statements
		Consolidated Balance Sheets — November 30, 2002 and May 31, 2002		3
		Consolidated Statements of Operations — three months and six months ended November 30, 2002 and November 30, 2001		4
		Consolidated Statements of Cash Flows — six months ended November 30, 2002 and November 30, 2001		5
		Notes to Consolidated Financial Statements		6
		Independent Accountants’ Review Report		13
Item 2.		Management’s Discussion and Analysis of Operating Results and Financial Condition		14
Item 3.		Quantitative and Qualitative Disclosures About Market Risk — the information required by this item is included in Item 2		—
Item 4.		Controls and Procedures		19
PART II.    OTHER INFORMATION
Item 1.		Legal Proceedings		19
Item 4.		Submission of Matters to a Vote of Security Holders		19
Item 6.		Exhibits and Reports on Form 8-K		19
SIGNATURES
CERTIFICATIONS

		(Unaudited) November 30, 2002				May 31, 2002
		In thousands
ASSETS
CURRENT ASSETS
Cash		$	4,471			$	7,430
Receivables			39,849				56,138
Inventories			277,053				276,482
Deferred taxes and prepaid expenses			42,327				31,192
TOTAL CURRENT ASSETS			363,700				371,242
OTHER ASSETS
Goodwill			146,474				146,474
Real estate and investments			44,663				41,524
Deferred charges and intangibles			24,846				29,679
			215,983				217,677
PROPERTY, PLANT AND EQUIPMENT
Land and land improvements			213,058				209,557
Buildings			103,644				102,358
Machinery and equipment			1,781,779				1,779,863
Construction in progress			52,561				45,450
			2,151,042				2,137,228
Less allowances for depreciation			982,340				952,870
			1,168,702				1,184,358
		$	1,748,385			$	1,773,277
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable		$	127,030			$	111,037
Accrued interest, wages and other items			54,514				48,363
Current portion of long-term debt			9,236				9,228
TOTAL CURRENT LIABILITIES			190,780				168,628
LONG-TERM DEBT			434,509				474,963
DEFERRED INCOME TAXES AND OTHER CREDITS			163,680				167,276
COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED SECURITIES OF SUBSIDIARY HOLDING SOLELY COMPANY CONVERTIBLE DEBENTURES			199,937				200,000
SHAREHOLDERS’ EQUITY
Common stock, $1 par value			25,067				25,067
Additional paid-in capital			260,259				260,091
Retained earnings			566,515				569,096
Accumulated other comprehensive loss			(860	)			—
Cost of common stock in treasury			(91,502	)			(91,844	)
			759,479				762,410
		$	1,748,385			$	1,773,277

		Three months ended November 30,								Six months ended November 30,
		2002				2001				2002				2001
		In thousands except per share
NET SALES		$	310,488			$	335,487			$	649,443			$	697,049
COSTS AND EXPENSES (INCOME)
Cost of products sold			288,257				280,507				584,946				595,148
Selling, general and administrative			21,410				28,009				47,833				56,221
Interest			8,556				10,697				17,392				23,061
Other income			(1,124	)			(10,669	)			(2,506	)			(14,407	)
			317,099				308,544				647,665				660,023
INCOME (LOSS) BEFORE THE FOLLOWING ITEMS			(6,611	)			26,943				1,778				37,026
Income taxes (benefit)			(5,057	)			8,566				(2,371	)			11,850
			(1,554	)			18,377				4,149				25,176
Dividends on preferred securities—net of tax			(1,786	)			(1,787	)			(3,574	)			(3,575	)
NET INCOME (LOSS)		$	(3,340	)		$	16,590			$	575			$	21,601
BASIC
Average shares			21,118				21,068				21,114				21,041
Earnings (loss) per share		$	(.16	)		$	.79			$	.03			$	1.03
DILUTED
Average shares			21,118				24,284				21,272				21,440
Earnings (loss) per share		$	(.16	)		$	.76			$	.03			$	1.01
Cash dividends per share		$	.075			$	.075			$	.15			$	.15

		Six months ended November 30,
		2002				2001
		In thousands
OPERATING ACTIVITIES
Net income		$	575			$	21,601
Loss (gain) on disposal of assets			317				(858	)
Non-cash items
Depreciation, depletion and amortization			48,733				53,061
Deferred taxes			(4,677	)			6,343
Other—net			2,229				615
Changes in operating assets and liabilities
Receivables sold			(5,695	)			—
Receivables			12,436				20,292
Inventories and prepaid expenses			(11,623	)			11,581
Accounts payable and accrued liabilities			21,611				9,324
Real estate and investments			699				(1,321	)
Net cash provided by operations			64,605				120,638
INVESTING ACTIVITIES
Capital expenditures			(33,502	)			(10,880	)
Proceeds from disposal of assets			10,061				4,957
Other—net			59