Printer Friendly

WALLACE COMPUTER SERVICES ANNOUNCES SECOND QUARTER RESULTS

       WALLACE COMPUTER SERVICES ANNOUNCES SECOND QUARTER RESULTS
    HILLSIDE, Ill., Feb. 26 /PRNewswire/ -- Wallace Computer Services, Inc. (NYSE: WCS) today reported first half and second quarter earnings and sales for its fiscal year ending July 31, 1992.
    For the three months ended Jan. 31, Wallace had net income of $10,962,000 or 49 cents per share, compared with $9,796,000 or 46 cents per share in the same period last year, an increase of 11.9 percent. Sales for the quarter were $132,180,000, an increase of 8.2 percent over the $122,173,000 reported last year.
    For the six months ended Jan. 31, Wallace had net income of $20,104,000 or 90 cents per share compared with $19,012,000 or 89 cents per share last year, an increase of 5.7 percent.  Sales for the first half of fiscal 1992 were $257,565,000 compared to $234,273,000 last year, an increase of 9.9 percent.
    Sales and income figures for fiscal 1992 included the Colorforms Division, which was acquired effective Aug. 1, 1991.
    "We are pleased with our second quarter results which were a great improvement over our first quarter results.  Our first half results were favorable to our previous year with good performances from our Label, TOPS(R), and Business Forms divisions," said Ted Dimitriou, chairman. "Economic conditions have not changed significantly from last quarter, so our results were due to good cost control and improved productivity."
    Wallace Computer Services, Inc. is a leader in the computer services and supply industry.  The company's products and services include business forms, commercial printing, direct mail advertising, computer hardware and software, computer labels and accessories, machine ribbons and other office products.  Wallace has sales offices, and manufacturing and distribution facilities throughout the United States.
                  WALLACE COMPUTER SERVICES, INC.
                            (Unaudited)
    Second quarter ended Jan. 31            1992            1991
    Net Sales                           $132,180,000    $122,173,000
    Income Before Income Taxes            16,609,000      15,070,000
    Net Income                            10,962,000       9,796,000
    Net Income per Common Share                  .49             .46
    Average Common Shares Outstanding     22,372,000      21,478,000
    Six months ended Jan. 31                 1992            1991
    Net Sales                           $257,565,000    $234,273,000
    Income Before Income Taxes            30,460,000      29,249,000
    Net Income                            20,104,000      19,012,000
    Net Income per Common Share                  .90             .89
    Average Common Shares Outstanding     22,331,000      21,455,000
    -0-                       2/26/92
    /CONTACT:  Michael J. Halloran of Wallace Computer Services, 708/449-8600/
    (WCS) CO:  Wallace Computer Services, Inc. ST:  Illinois IN:  CPR SU:  ERN SM -- NY083 -- 2985 02/26/92 16:59 EST
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:Feb 26, 1992
Words:440
Previous Article:McDONNELL DOUGLAS SPACE SYSTEMS CO.-HUNTSVILLE DIVISION SELECTED TO PROVIDE PAYLOAD INTEGRATION
Next Article:BELL CANADA OFFERS DEBENTURES IN THE CANADIAN AND EUROPEAN MARKETS
Topics:


Related Articles
WALLACE ANNOUNCES FIRST QUARTER RESULTS
WALLACE COMPUTER SERVICES ANNOUNCES QUARTERLY DIVIDEND
WALLACE COMPUTER SERVICES ANNOUNCES THIRD QUARTER RESULTS
WALLACE COMPUTER SERVICES, INC. ANNOUNCES FISCAL YEAR 1992 RESULTS
WALLACE ANNOUNCES FIRST QUARTER RESULTS
WALLACE COMPUTER SERVICES, INC. ANNOUNCES SECOND QUARTER RESULTS
WALLACE COMPUTER SERVICES ANNOUNCES THIRD QUARTER RESULTS
WALLACE COMPUTER SERVICES ANNOUNCES FIRST QUARTER RESULTS AND ADOPTION OF FAS 106 AND 109
WALLACE COMPUTER SERVICES ANNOUNCES SECOND QUARTER AND HALF-YEAR RESULTS
Wallace Announces Share Repurchase

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