DDL Electronics Inc. Pro Forma Performance for the Third Quarter Ended March 31, 1995.TIGARD, Ore.--(BUSINESS WIRE)--May 10, 1995--DDL Electronics Inc. (NYSE NYSE See: New York Stock Exchange :DDL (1) (Data Description Language) A language used to define data and their relationships to other data. It is used to create the data structure in a database. Major database management systems (DBMSs) use a SQL data description language. ) announced today third-quarter operating performance information for its continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the on a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma basis. The financial statements exclude operating results from two of the company's subsidiaries, Aeroscientific Corp. and A.J. Electronics Inc. As previously announced, assets of both entities were sold earlier in the current fiscal year. -0- THIRD QUARTER PROFORMA OPERATING STATEMENT HIGHLIGHTS (UNAUDITED) DDL Electronics Inc. and Subsidiaries ($ in thousands, except per-share amounts)
Three months
ended
Mar 31,
1995 1994
Sales $ 6,079 $ 5,637 Costs and expenses Cost of goods sold 4,899 5,120 Administrative and selling expenses 906 1,631 Operating (loss) 274 (1,114) Non-operating income (expense): Investment income 27 32 Interest expense (112) (205) Other income -- 1 Gain on sale of assets -- -- Income (loss) before extraordinary item 189 (1,286) Extraordinary item -- -- Net income (loss) $ 189 $(1,286) Primary earnings (loss) per share: Continuing operations 1 cent (8 cents) Extraordinary item -- --
1 cent (8 cents)
Average primary shares (in thousands) 16,013 15,306 Pro forma operating results are presented to reflect the sale of substantially all of the assets of the company's two United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. subsidiaries, Aeroscientific Corp. and A.J. Electronics Inc., sold to Yamamoto Manufacturing (USA) Inc. and Raven raven, common name for the largest member of the family Corvidae (crow family), ranging throughout the arctic and temperate regions of the Northern Hemisphere. The raven, Corvus corax, is a glossy black scavenging bird about 26 in. Industries Inc., respectively. CONTACT: DDL Electronics Inc., Tigard, Ore. M. Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by Van Rossen, 503/620-1789 |
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