Printer Friendly

PREMIER REPORTS RECORD FIRST QUARTER RESULTS

 PREMIER REPORTS RECORD FIRST QUARTER RESULTS
 CLEVELAND, Sept. 17 /PRNewswire/ -- Premier Industrial Corporation


(NYSE: PRE) reported record earnings and revenues for the first quarter ended Aug. 31, 1992. Net earnings of $20,551,000 increased 17 percent from the $17,608,000 reported a year earlier. Earnings per share of $.36 were 16 percent higher than the $.31 earned last year. Operating revenues for the period totaled $166,818,000, a gain of seven percent.
 Commenting on the results, Premier Chairman Morton L. Mandel, stated that, "Our results reflect gains from a number of sales-building programs, and our success in containing expenses." Referring to the outlook for the rest of the fiscal year, Mandel said, "At this point, all indications are that we are on our way to another record year."
 Premier is a full service business-to-business supplier of electronic components for industrial and consumer products, essential maintenance and repair products for industrial, commercial and institutional applications, and a manufacturer of high-performance fire- fighting equipment.
 Revenues and Earnings (Unaudited)
 For 3 Months Ended
 August 31,
 1992 1991
 Operating Revenues $166,818,000 $155,307,000
 Earnings before Income Taxes $ 32,590,000 $ 27,935,000
 Net Earnings $ 20,551,000 $ 17,608,000
 Net Earnings Per Common Share $ .36 $ .31
 Common Shares and Common Stock
 Equivalents Outstanding (average) 57,780,572 57,712,634
 -0- 9/17/92
 /CONTACT: Grant C. Grinnell, of Premier Industrial Corporation, 216-391-8300/
 (PRE) CO: Premier Industrial Corporation ST: Ohio IN: CPR AUT SU: ERN


SM -- CL003 -- 0503 09/17/92 09:48 EDT
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:Sep 17, 1992
Words:258
Previous Article:CEDAR FAIR, L.P. DECLARES 15.6 PERCENT INCREASE IN QUARTERLY CASH DISTRIBUTION
Next Article:TANDY'S 'INCREDIBLE UNIVERSE' COMES TO LIFE IN PORTLAND
Topics:


Related Articles
PREMIER POSTS RECORD THIRD QUARTER RESULTS
PREMIER ANESTHESIA NET REVENUE UP 48 PERCENT, NET INCOME JUMPS 130 PERCENT, EPS DOUBLES
PREMIER REPORTS RECORD SECOND QUARTER AND FIRST HALF
PREMIER POSTS RECORD THIRD QUARTER AND NINE MONTHS
PREMIER REPORTS RECORD SECOND QUARTER AND FIRST HALF
PREMIER INDUSTRIAL REPORTS RECORD THIRD QUARTER AND NINE MONTHS
PREMIER STARTS NEW FISCAL YEAR WITH RECORD RESULTS
PREMIER INDUSTRIAL REPORTS RECORD SECOND QUARTER AND SIX MONTHS
PREMIER POSTS RECORD SECOND QUARTER AND SIX MONTH RESULTS
WYLE ELECTRONICS FIRST QUARTER EARNINGS INCREASE 64% ON A 31% INCREASE IN REVENUES

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