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ALC COMMUNICATIONS REPORTS STRONG THIRD-QUARTER RESULTS; PROFITS INCREASED 211 PERCENT

 ALC COMMUNICATIONS REPORTS STRONG THIRD-QUARTER RESULTS;
 PROFITS INCREASED 211 PERCENT
 BINGHAM FARMS, Mich., Oct. 20 /PRNewswire/ -- ALC Communications Corporation (AMEX: ALC) today reported net income of $5.9 million ($.20 per share) on revenue of $95.7 million for the quarter ended Sept. 30, 1992. Revenue and net income continued to post significant gains reflecting an increase of 8.5 percent and 211 percent over third- quarter 1991 revenue and net income of $88.2 and $1.9 million, respectively.
 The company's strong performance resulted in record operating income of $11.7 million, an increase of 83 percent from $6.4 million in the 1991 third quarter. Operating margin was reported at 12.3 percent compared to 9.6 percent in the 1992 second quarter and 7.3 percent in the third quarter of 1991.
 Long-distance traffic volume on the Allnet(R) network rose by 10 percent over the same period in 1991 reflecting strong performance in the company's sales and marketing efforts.
 ALC Communications Corporation common stock is traded on the American Exchange under the symbol ALC. Allnet(R), the wholly owned operating subsidiary of ALC(R), provides long-distance products and services to more than 275,000 customers nationwide. The company is headquartered in Bingham Farms and employs 1,500 people nationwide.
 SUMMARY OF ALC FINANCIAL RESULTS
 (In thousands except for per-share amounts)
 Three Months Ended Nine Months Ended
 Sept. 30 Sept. 30
 1992 1991 1992 1991
 Net revenue $95,673 $88,168 $280,374 $260,623
 Operating income $11,724 $6,403 $28,312 $18,798
 Net income $5,882 $1,888 $13,583 $4,729
 Net income per
 share(1)(2) $0.20 $0.02 $0.46 $0.02
 Weighted average common
 and common equivalent
 shares(2)(3) 28,663 20,622 20,711 20,618
 (1) Includes impact relating to accretion of discount on ALC Class A Preferred Stock, dividends on ALC Class A Preferred Stock accrued but not declared and accretion of payment to certain holders of ALC Class A Preferred Stock under the amendment agreement.
 (2) For the three months ended Sept. 30, 1992, net income per share includes the dilutive impact of the exercise of outstanding stock options and warrants utilizing the treasury method.
 (3) Adjusted for the impact of the 1-for-5 stock split effective in September 1991.
 -0- 10/20/92
 /CONTACT: David J. Thomas, vice president and treasurer, ALC Communications Corporation, 313-433-4935/
 (ALC) CO: ALC Communications Corporation ST: Michigan IN: TLS SU: ERN


ML -- DE008 -- 2045 10/20/92 09:17 EDT
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Publication:PR Newswire
Date:Oct 20, 1992
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