DPL Inc. Reports Third Quarter Financial Results.DAYTON Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and , Ohio--(BUSINESS WIRE)--Oct. 16, 1998--DPL Inc. (NYSE NYSE See: New York Stock Exchange :DPL (Digital PowerLine) An earlier technology for transmitting a 1 Mbps data signal over electric power lines from Nortel Networks. It was developed in the late 1990s, but later abandoned due to implementation difficulties. See broadband over power lines. ) today reported third quarter financial results. Third quarter earnings were 31 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. up from 30 cents per share in the third quarter a year ago. Earnings were $1.00 per share year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , an increase of 3 percent over earnings of 97 cents per share for the same period of 1997. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. M. Hill, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DPL Inc., said, "Retail sales of electricity increased 6 percent for the quarter. A healthy West Central Ohio economy coupled with more normal summer temperatures drove the increase in sales. A record level of electricity usage of 3,007,000 kilowatts was set on July July: see month. 21. Our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. operating programs, which have achieved top of the industry performance in efficiency and productivity, and the commitment to outstanding reliability by our employees helped meet this record demand." "The volatility of energy prices throughout the Midwest Midwest or Middle West, region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians this summer had a positive impact on us because of our excellent operating performance," said Hill. "This allowed us to further enhance our generating facilities." The Dayton Power and Light Company, a subsidiary of DPL Inc., provides electricity, natural gas and other energy services to 500,000 customers in the Ohio region. The company's combined rates for electricity and natural gas service are consistently among the lowest in Ohio. For 1997, total return to shareholders was over 25 percent and the stock split three-for-two on Jan. 12, 1998. -0-
DPL Inc.
Financial Data
(Unaudited)
(in millions, except per share amounts)
Three Months Ended
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September
1998 1997
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Earnings per share of common stock $ 0.31 $ 0.30
Operating revenues $ 330.1 $ 296.5
Net income $ 47.5 $ 44.9
Average number of common shares outstanding 153.0 151.6
Nine Months Ended
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September
1998 1997
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Earnings per share of common stock $ 1.00 $ 0.97
Operating revenues $1,015.5 $ 965.9
Net income $ 153.0 $ 146.2
Average number of common shares outstanding 152.7 151.2
Twelve Months Ended
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September
1998 1997
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Earnings per share of common stock $ 1.23 $ 1.19
Operating revenues $1,382.5 $1,311.4
Net income $ 188.1 $ 178.7
Average number of common shares outstanding 152.5 151.1
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