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PREMARK POSTS SHARP 1991 EARNINGS INCREASE ON RECORD QUARTER

 PREMARK POSTS SHARP 1991 EARNINGS INCREASE ON RECORD QUARTER
 DEERFIELD, Ill., Jan. 27 /PRNewswire/ -- Premark International, Inc. (NYSE: PMI) announced today record earnings per share for 1991, as net income rose to $102.3 million, or $3.25 per share, from $52 million, or $1.64 per share, in 1990. Sales were up approximately 3 percent to $2.8 billion from $2.7 billion last year.
 Included in 1990 results were pretax charges of $25.3 million for manufacturing restructuring and organization changes at Tupperware and $11.9 million for settlement of lawsuits associated with food equipment patents. Excluding those charges, 1991 net income would have increased 36 percent.
 Tupperware drove the increase in 1991 net income as the U.S. business reversed a loss in 1990 to post a slight profit in 1991, and international operations reported sharply higher segment profit despite unfavorable foreign exchange rate comparisons. A lower tax rate, along with higher segment profit at both the Food Equipment Group and West Bend, also contributed to the improvement. Premark's Decorative Products businesses reported profit declines due to depressed conditions in construction-related industries.
 Sales for the year increased due to a rise in volume at Tupperware's international operations, the addition of Florida Tile, which was acquired in June 1990, and higher sales at the Food Equipment Group's European business. These factors offset a modest decline in Tupperware's U.S. sales, recession-related declines at Ralph Wilson Plastics and the domestic operations of the Food Equipment Group, and unfavorable foreign exchange rate comparisons.
 In the fourth quarter, Premark's net income rose 71 percent to a record $47.6 million, or $1.48 per share, from $27.8 million, or 91 cents per share, in 1990. Sales were $785 million compared with $764 million in the fourth quarter last year.
 The Food Equipment Group and Tupperware primarily were responsible for the fourth-quarter segment profit increase. In addition, higher profit at West Bend and Tibbals Flooring more than offset a recession related decline at Ralph Wilson Plastics. A lower tax rate, as well as lower interest expense, also helped boost net income. Sales in the quarter increased due to improvements at Tupperware's international operations, the Food Equipment Group and the consumer products businesses. This improvement more than offset sales declines at Florida Tile and Tupperware's U.S. operation as well as the negative impact of foreign exchange.
 "Tupperware enjoyed its best year since 1983," said Warren L. Batts, chairman and chief executive officer. "The improvement in that business more than offset the effect of the recession on some of our other businesses. All Premark segments, led by Tupperware, contributed to stronger cash flow during the year. As a result, our year-end, total debt-to-capital ratio has declined to under 33 percent from 42.9 percent in 1990. In addition, our tax rate was reduced to 36 percent from 47.5 percent in the prior year, and we expect some further decline in 1992.
 "Premark is starting 1992 in a much stronger financial position than a year ago. While worldwide economic conditions and declining domestic sales at Tupperware remain a concern, we expect our cost reduction efforts throughout the company to bolster results. In addition, we are continuing new product and marketing programs to position Premark for improved performance once the economy rebounds."
 Premark International, Inc. is a $2.8 billion multinational company that markets premium products under leading brand names such as Tupperware, West Bend, Wilsonart, Hobart, Vulcan, Hartco, Precor and Florida Tile. Premark is listed on the New York, Pacific and London Stock Exchanges.
 PREMARK INTERNATIONAL, INC.
 Condensed Consolidated Statement of Income
 (Unaudited -- In millions except per share)
 13 weeks 13 weeks
 ended ended
 Dec. 28, Dec. 29, Percent
 1991 1990 Increase
 (Decrease)
 Sales
 Tupperware $305.2 $298.9 2.1
 Food Equipment 274.2 264.6 3.6
 Consumer & Decorative Products 205.3 200.5 2.4
 Total $784.7 $764.0 2.7
 Segment Profit
 Tupperware $ 46.0 $ 40.4 13.8
 Food Equipment 21.4 12.8 67.3
 Consumer & Decorative Products 18.6 18.9 (2.0)
 Total 86.0 72.1 19.1
 Unallocated expenses (4.3) (6.7) (34.8)
 Interest expense, net (10.0) (13.8) (27.7)
 Income before income taxes 71.7 51.6 38.6
 Provision for income taxes 24.1 23.8 0.8
 Net income $ 47.6 27.8 71.0
 Net income per common share $1.48 $0.91 62.6
 Average number of common shares 32.2 30.7
 52 weeks 52 weeks
 ended ended Percent
 Dec. 28, Dec. 29, Increase
 1991 1990 (Decrease)
 Sales
 Tupperware $1,076.3 $1,019.2 5.6
 Food Equipment 1,010.4 999.0 1.1
 Consumer & Decorative Products 729.0 703.2 3.7
 Total $2,815.7 $2,721.4 3.5
 Segment Profit
 Tupperware $ 121.2 $ 64.9(A) 86.6
 Food equipment 41.1 26.9(B) 53.0
 Consumer & Decorative Products 60.9 66.1 (7.9)
 Total $ 223.2 $ 157.9 41.3
 Unallocated expenses (19.8) (19.7) 0.4
 Interest expense, net (43.5) (39.1) 11.3
 Income before income taxes 159.9 99.1 61.3
 Provision for income taxes 57.6 47.1 22.2
 Net income $ 102.3 $ 52.0 96.6
 Net income per common share $ 3.25 $ 1.64 98.2
 Average number of common shares 31.5 31.8
 (A) -- Included is a pretax charge of $25.3 million for
 manufacturing, restructuring and organization changes.
 (B) -- Included is a pretax charge of $11.9 million for settlement
 of lawsuits associated with food equipment patents.
 -0- 1/27/92
 /CONTACT: Bob Matha of Premark International, 708-405-6251/
 (PMI) CO: Premark International, Inc. ST: Illinois IN: HOU SU: ERN


JT -- NY068 -- 3778 01/27/92 13:00 EST
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Date:Jan 27, 1992
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