Printer Friendly

AMERICAN BUSINESS PRODUCTS RECORD SALES AND PROFITS FOR FIRST QUARTER

 AMERICAN BUSINESS PRODUCTS RECORD SALES
 AND PROFITS FOR FIRST QUARTER
 ATLANTA, April 21 /PRNewswire/ -- American Business Products, Inc. (NYSE: ABP) today reported record sales and earnings for the first quarter of 1992.
 Sales of $118.8 million, up 6.4 percent over $111.7 million for first quarter 1991, were the highest first quarter sales in the company's history. Net income for the quarter was $4.6 million, an increase of 19.2 percent over $3.9 million for the first quarter last year.
 For the three months ended March 31, earnings per share were 43 cents compared to 37 cents last year as adjusted to reflect a 3-for-2 stock split in December 1991.
 "Our people have continued the aggressive marketing efforts that produced record sales and earnings for 1991," said Thomas R. Carmody, president and chief executive officer of the company. "We benefited from a continuing strong performance by our specialty operations in the first quarter, including specialty extrusion coating and laminating, specialty envelopes and filing systems, and book printing. This is an encouraging start to the year, and we should gain from further general improvement in the economy."
 ABP's operating companies and their products and services are: Curtis 1000 Inc., envelopes, labels and business forms; Vanier Business Forms and Services, business forms; BookCrafters USA, Inc., book printing and distributing; American Fiber-Velope Mfg. Co., specialty envelopes and filing systems; and Jen-Coat, Inc., specialty extrusion coating and laminating for packaging. ABP is a joint venture partner in Curtis 1000 Europe GmbH, a producer and marketer of envelopes in Europe with facilities in Germany, England and Luxembourg.
 AMERICAN BUSINESS PRODUCTS, INC.
 (Unaudited)
 3 mos. ended March 31 1992 1991
 Net sales $118,772,000 $111,659,000
 Income before income taxes 7,440,000 6,305,000
 Provision for income taxes 2,815,000 2,426,000
 Net income 4,625,000 3,879,000
 Earnings per common share $ .43 $ .37
 Average number of common shares
 outstanding 10,686,139 10,655,654
 Per share amounts and average number of common shares outstanding have been adjusted to reflect a 3-for-2 stock split effective December 1991.
 -0- 4/21/92
 /CONTACT: W.C. Downer of American Business Products, 404-953-8300/
 (ABP) CO: American Business Products, Inc. ST: Georgia IN: SU: ERN


BR -- AT020 -- 0904 04/21/92 17:08 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 21, 1992
Words:387
Previous Article:HERITAGE BANKCORP, INC. ANNOUNCES THIRD-QUARTER EARNINGS
Next Article:EG&G FIRST QUARTER EARNINGS UP 10 PERCENT


Related Articles
FIBREBOARD CORP. REPORTS SIGNIFICANTLY IMPROVED FIRST QUARTER RESULTS
KIMBERLY-CLARK ANNOUNCES RECORD FIRST QUARTER RESULTS
ARMSTRONG WORLD INDUSTRIES REPORTS RESULTS
ARMSTRONG WORLD INDUSTRIES REPORTS RESULTS
HARSCO CORPORATION HAS RECORD FIRST QUARTER EARNINGS
ABP REPORTS RECORD SALES AND EARNINGS FOR SECOND QUARTER AND SIX MONTHS
HARSCO REPORTS RECORD INCOME FOR FIRST HALF
AMERICAN BUSINESS PRODUCTS REPORTS RECORD FIRST QUARTER EARNINGS
Harris Chemical North America, Inc. Reports Record First Quarter Operating Results
USG Corporation Reports Record First Quarter 2006 Net Sales of $1.5 Billion and $256 Million in Operating Profit; Charge for Post-Petition Interest...

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters