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PLM INTERNATIONAL REPORTS THIRD QUARTER RESULTS

 PLM INTERNATIONAL REPORTS THIRD QUARTER RESULTS
 SAN FRANCISCO, Nov. 12 /PRNewswire/ -- San Francisco-based PLM


International Inc. (AMEX: PLM) today reported the results of its operations for the quarter and nine months ended Sept. 30, 1992.
 For the quarter, PLM International reported consolidated revenues of $17.6 million, compared to $17.4 million for the same quarter in 1991. Net income to common shares in the third quarter was equal to $1.2 million or 11 cents per common share, compared to income of $1.4 million or 13 cents per common share in 1991.
 For the nine-month period, PLM International reported consolidated revenues of $52.3 million, compared to $50.5 million for the same period in 1991. Net loss to common shares in the first nine months of 1992 was equal to $23.4 million, or $2.23 per common shares, compared to income of $2.6 million, or 25 cents per common share in 1991.
 The following table sets forth a summary of selected operating statistics for the quarter ended Sept. 30, 1992, and 1991.
 PLM INTERNATIONAL
 SELECTED OPERATING STATISTICS (A)
 Quarter Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Total Revenues $ 17,612 $ 17,422 $ 52,289 $ 50,528
 Income (Loss) Before
 Income Taxes $ 3,621 $ 2,463 $(32,707) $ 8,416
 Net Income (Loss) $ 2,927 $ 3,111 $(18,129) $ 7,842
 Preferred Dividends $ 1,760 $ 1,760 $ 5,280 $ 5,280
 Net Income (Loss) to
 Common Shares $ 1,167 $ 1,351 $(23,409)(B)$ 2,562
 Average Common Shares
 Outstanding(C) 10,497 10,154 10,497 10,154
 Net Income (Loss) per
 Common Share $ 0.11 $ 0.13 $ (2.23) $ 0.25
 (A) Figures are in thousands, except per share data
 (B) After giving effect to $26.6 million of pretax non-cash restructuring adjustments during the second quarter of 1992
 (C) Included for per share calculation
 PLM International President and Chief Executive Officer Robert N. Tidball said, "We are pleased to report third quarter results that confirm our decisions earlier this year to restructure, eliminate assets with less attractive potential and reduce our senior debt in order to improve our financial position."
 PLM International is a transportation equipment leasing company specializing in the management of equipment on operating leases. The company is also the leading sponsor of syndicated investment programs organized to invest primarily in transportation equipment.
 -0- 11/12/92
 /CONTACT: Valerie Carattini-Cooke, director of corporate communications of PLM International, 415-905-7227/
 (PLM) CO: PLM International ST: California IN: TRN SU: ERN


SG-GT -- SF010 -- 0477 11/12/92 20:51 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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