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VOLT INFORMATION SCIENCES ANNOUNCES FIRST QUARTER 1996 EARNINGS

NEW YORK, March 11 /PRNewswire/ -- Mr. William Shaw, President of Volt Information Sciences, Inc. (Nasdaq: VOLT) announced today that the net income for the first quarter ended February 2, 1996 was $2,267,000 or $0.23 per share on revenues of $226,610,000, as compared to net income of $2,023,000 or $0.21 per share on revenues of $182,060,000 for the first quarter ended January 27, 1995.

Mr. Shaw stated that the Technical Services and Temporary Personnel segment, as well as the Engineering and Construction segment, produced significantly better operating results than in the comparable quarter of 1995, and that the Telephone Directory segment was approximately even with the same 1995 quarter. He also made mention that the impact of the completed merger of Autologic, Incorporated with Information International, Inc. and lower gross margins resulted in a large operating loss for the Electronic Publication and Typesetting segment. He also stated that the Computer Systems segment's operating profit of $2,138,000 for the first quarter of 1996 was significantly less than the profit in 1995 because of the customer acceptance of a large Directory Assistance System in the 1995 quarter. This segment, which reports profits on the basis of completed contracts, typically produces large variations in results from quarter to quarter.

Mr. Shaw said that the reduction in operating profits was offset by a pretax gain of $3,666,000 related to the above mentioned merger.

Volt Information Sciences, Inc. operates a temporary staffing company, provides varied services to the telecommunications industry and furnishes electronic prepress equipment and services to the print media industry.
 VOLT INFORMATION SCIENCES, INC.
 AND SUBSIDIARIES
 Summary Of Results Of Operations
 FIRST QUARTER ENDED
 February 2, January 27,
 1996 1995
 (Dollars in thousands,
 except per share data)
 Revenues $226,610 $182,060
 Loss before income taxes - Note A $3,601 $3,372
 Income tax provision 1,334 1,349
 Net income $2,267 $2,023
 PER SHARE DATA, RESTATED TO
 REFLECT TWO-FOR-ONE STOCK SPLIT - NOTE B
 Net income $0.23 $0.21
 Number of shares used in computation 9,673,803 9,608,408
 VOLT INFORMATION SCIENCES, INC.
 AND SUBSIDIARIES
 Summary Of Results Of Operations By Segment
 FIRST QUARTER ENDED
 February 2, January 27,
 1996 1995
 (Dollars in thousands)


Revenues:
 Technical Services and Temporary Personnel $155,699 $118,918


Electronic Publication and Typesetting
 Systems - Note A 16,547 16,000
 Telephone Directory 13,569 12,662
 Engineering and Construction 19,491 14,603
 Computer Systems 20,607 22,251
 Equity in net loss of joint ventures (1,957) (1,448)
 Gain on partial sale of subsidiaries - Note A 3,666 --
 Interest and other income, net 88 212
 Elimination of intersegment revenues (1,100) (1,138)
 Total $226,610 $182,060


Income Before Income Taxes:

Operating Profit (Loss):
 Technical Services and Temporary Personnel $5,444 $4,947


Electronic Publication and Typesetting
 Systems - Note A (2,410) 280
 Telephone Directory (1,010) (1,032)
 Engineering and Construction 1,361 344
 Computer Systems 2,138 4,094
 Elimination 71 (22)
 Total Operating Profit 5,594 8,611
 Equity in net loss of joint ventures: (1,957) (1,448)
 Gain on partial sale of subsidiaries - Note A 3,666 --
 Interest and other income, net 88 212
 General corporate expenses (2,495) (2,376)
 Interest expense (1,155) (1,686)
 Foreign exchange gain (loss) - net (140) 59
 Income Before Income Taxes $3,601 $3,372


Note A -- On January 29, 1996, the Company completed the merger of Autologic, Volt's Electronic Publication and Typesetting Systems segment, with Information International, Inc., resulting in the formation of a new publicly traded company, Autologic Information International Inc. (Nasdaq: AIII). As a result of the merger transaction, Volt owns 59 percent of AIII and realized a pretax gain of $3,666,000, or $0.25 per share, net of expenses, on the partial sale of Autologic.

Included in the operating loss of the Electronic Publications and Typesetting Systems segment is a charge for the restructuring of Autologic related to the merger of $700,000 or $0.05 per share. In addition, operating results were adversely affected by a temporary delay in product shipments due to the merger and lower gross margins.

Note B -- Prior year representations of amounts per share and shares outstanding have been restated to reflect a two-for-one stock split of the Company's common stock, which was effected by a 100 percent stock dividend, distributed on October 6, 1995 to shareholders of record as of the close of business on September 12, 1995.
 -0- 3/11/96


/CONTACT: James J. Groberg, Senior Vice President of Volt Information Sciences, Inc., 212-704-2400, Internet: JGROBERG@VOLT.COM; or Peter Kohn of Ruder-Finn, 212-593-6400/

(VOLT AIII)

CO: Volt Information Sciences, Inc.; Autologic, Incorporated;

Information International, Inc.;

Autologic Information International, Inc. ST: New York IN: PUB TLS CPR SU: ERN

HH -- NYM012 -- 0620 03/11/96 08:59 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

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