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ALBERTO-CULVER REPORTS RECORD SALES AND EARNINGS; DECLARES DIVIDEND

 MELROSE PARK, Ill., Oct. 27 /PRNewswire/ -- The Alberto-Culver Company (NYSE: ACV) today announced record sales of $1.15 billion and record net earnings of $41.3 million for its fiscal year ended Sept. 30, 1993.
 In reporting the performance records, Alberto-Culver Chairman & Chief Executive Officer Leonard H. Lavin said that currency fluctuations in a number of the company's key international markets had kept the gains from being even stronger. Lavin stated that with constant currency, the company would have reported an additional $45 million in sales.
 For the company's fourth quarter, sales increased 3.2 percent to a record level of $300.5 million compared to $291.2 million for the fourth quarter of 1992. This represented the company's first-ever quarter with sales exceeding $300 million. Pretax earnings for the quarter increased 19.8 percent to $18.4 million. Net earnings were $11.4 million, or 40 cents per share, versus the previous year's $9.9 million, or 35 cents per share.
 The fiscal year record sales of $1.15 billion represent an increase of 5.2 percent compared to fiscal 1992. Pre-tax earnings for the year were $65.1 million. Fiscal year net earnings rose 6.9 percent to a record $41.3 million, or $1.44 per share, compared with the 1992 levels of $38.6 million, or $1.36 per share.
 Lavin said the results represented "a very good effort in the face of volatile world-wide economic conditions."
 Lavin reported that several of the company's divisions had reported strong results. He cited the company's Sally Beauty Company subsidiary -- which surpassed the 1,200-store mark during the fiscal year -- its professional products division and its operations in the United Kingdom and northern Europe, which reported very strong sales gains. He added that other divisions, including the company's U.S. toiletries and household/grocery groups, despite strong individual brand performances, had performed below projections.
 "We are pleased that in the face of soft market conditions we could produce a record sales and record earnings year," Lavin concluded. "We believe we are in a position to continue to show strong overall sales and consistent earnings increases."
 Alberto-Culver's board of directors also declared the company's regular quarterly dividend of 6.5 cents per share on its Class A and Class B common stock, payable Nov. 20 to shareholders of record Nov. 5.
 ALBERTO-CULVER COMPANY
 Three Months Ended Sept. 30 1993 1992
 Net sales $300,473,000 291,160,000
 Earnings before income taxes 18,403,000 15,364,000
 Provision for income taxes 7,036,000 5,456,000
 Net earnings 11,367,000 9,908,000
 Earnings per share $.40 $.35
 Wtd. avg. shares outstg. 28,615,000 28,545,000
 Twelve Months Ended Sept. 30 1993 1992
 Net sales $1,147,990,000 1,091,286,000
 Earnings before income taxes 65,129,000 61,356,000
 Provision for income taxes 23,857,000 22,740,000
 Net earnings 41,272,000 38,616,000
 Earnings per share $1.44 1.36
 Wtd. avg. shares outstg. 28,680,000 28,363,000
 -0- 10/27/93
 /CONTACT: Daniel Stone, 708-450-3005, or Nancy Shields, 708-450-3142, both of Alberto-Culver/
 (ACV)


CO: Alberto-Culver Company ST: Illinois IN: HOU SU: ERN

JS -- NY092 -- 7429 10/27/93 14:46 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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