Printer Friendly

ONEX CORPORATION SEPTEMBER 30, 1992 RESULTS

 TORONTO, Nov. 16 ~CNW~ - Onex Corporation today reported consolidated financial results for the third quarter and nine months ended September 30, 1992.
 Consolidated revenues for the third quarter were $899 million, an increase of $462 million over the third quarter of 1991. Revenues at Burger King Distribution, Johnstown America and Whitlenge, acquired after September 30, 1991, provided a major portion of the growth. Net earnings from continuing operations for quarter were $0.7 million, compared to $3.3 million in the third quarter last year. The 1991 third quarter net earnings, including discontinued operations, were $4.7 million.
 For the nine months ended September 30, 1992, consolidated revenues were $1.8 billion, up $667 million over the first nine months of 1991. The above noted acquisitions accounted for most of the increase. Net earnings, from continuing operations for the nine months were $17.0 million, including a gain of $11.7 million from the public offering of shares of Automotive Industries. Net earnings from continuing operations for the first nine months of 1991 were $8.6 million, and including discontinued operations were $10.2 million. There were no earnings from discontinued operations in 1992.
 Cash flow from operations for the nine months was $63.3 million, up from $52.8 million for the nine months in 1991.
 Earnings per share in the third quarter of 1992 were $0.01 (1991 - $0.13 from continuing operations and $0.18 for net earnings). The earnings per share for the nine months of 1992 were $0.64 (1991 - $0.31 from continuing operations and $0.38 for net earnings).
 Consolidated assets at September 30, 1992 were $1.6 billion, with shareholders equity of $332 million, up from $1.3 billion and $282 million respectively at December 31, 1991.
 For further information: Ewout Heersink - (416) 362-7711
 (OCX.)
 -0- 11~16~92


CO: ONEX CORPORATION SU: ERN ST:

-- XX1625 -- X115 11~16~92
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:Nov 16, 1992
Words:318
Previous Article:M.L. CASS PETROLEUM CORPORATION ANNOUNCES $7,041,000 ACQUISITION OF PROVEN OIL AND GAS PROPERTIES IN WESTERN CANADA
Next Article:EQUIFAX REVAMPS FINANCIAL POLICIES, ANNOUNCES STOCK REPURCHASE PLAN, PERIODIC DIVIDEND INCREASES
Topics:


Related Articles
BURGER KING CORPORATION REACHES AGREEMENT TO SELL BURGER KING DISTRIBUTION SERVICES
ONEX CORPORATION COMPLETES PURCHASE OF BURGER KING DISTRIBUTION SERVICES FROM BURGER KING CORPORATION
MEI ANNOUNCES LOSS OF ONEX CORPORATION SUPPORT
TRINET'S THIRD LARGEST TENANT, CATERAIR, TO BE ACQUIRED BY ONEX SUBSIDIARY
ARBITRAL TRIBUNAL ISSUES RULING IN FAVOR OF BALL CORPORATION
TRINET'S FOURTH LARGEST TENANT, CATERAIR, ACQUIRED BY SUBSIDIARY OF ONEX CORPORATION
Celestica announces plan to offer subordinate voting shares.
Web Site Launched to Provide Information on Proposed Onex Acquisition of Boeing Division of Commercial Airplanes.
Statement From Onex on Outcome of IAM Vote.
Onex increases commitment to its flagship private equity fund Onex Partners III.

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