Printer Friendly

BANTA REPORTS RECORD FIRST QUARTER

 MENASHA, Wis., April 27 /PRNewswire/ -- Banta Corporation (NASDAQ: BNTA) today reported all-time highs in sales and earnings for the first quarter of the year, continuing the record-setting momentum generated during 1992.
 For the three months ended March 1993, net earnings were $8.3 million, 13 percent above the $7.3 million earned during the first quarter of 1992. Earnings per share were 41 cents, 11 percent higher than last year's 37 cents. Both years' earnings per share have been adjusted for the three-for-two stock split effective Apr. 30, 1993.
 Sales were $162.0 million, 6 percent higher than the $152.5 million reported for the first quarter of 1992.
 Chairman Calvin W. Aurand, Jr. says sales increased for all of the corporation's market classifications. "The Direct Marketing Group had especially robust sales and exceptionally high plant utilization," notes Aurand. "Our next leading sales gainer was the Information Services Group, where improved results were achieved in computer software manuals. We expect our participation in software documentation to accelerate as we continue to benefit from investments made to serve this fast-growing market."
 The Publications Group's magazine volume rose due to gains in market share and moderate increases in advertising pages.
 "We're optimistic about the remainder of 1993," says Aurand. "The excellent first quarter reinforces our belief that the potential exists for another good year. We believe the economy will continue to show moderate improvement and allow us to benefit from our investments in plants, equipment and people."
 Banta Corporation is one of the nation's leading graphic arts companies, offering diverse printing and graphic services. It serves publishers of educational and general books, special-interest magazines, consumer and business catalogs, and direct marketing materials. Its other businesses offer prepress services, multimedia and software packages, point-of-purchase materials, and single-use products. Banta Corporation is a Fortune 500 company.
 BANTA CORPORATION
 Three Months (13 Weeks) (13 Weeks)
 Ended March 1993 1992
 Sales $162,027,000 $152,530,000
 Net earnings $ 8,272,000 $ 7,293,000
 Earnings per share (A) $ .41 $ .37
 Average shares
 outstanding (A) 20,106,294 19,840,740
 (A) -- Earnings per share and average shares outstanding have been adjusted to reflect the three-for-two stock split effective Apr. 30, 1993.
 -0- 4/27/93
 /CONTACT: Gerald A. Henseler, executive vice president (analysts), or Mark A. Fleming, corporate communications (media), 414-722-7777, both of Banta Corporation/
 (BNTA)


CO: Banta Corporation ST: Wisconsin IN: PUB SU: ERN

BM -- CL017 -- 1348 04/27/93 12:02 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 27, 1993
Words:409
Previous Article:EQUITABLE RESOURCES REPORTS HIGHER EARNINGS
Next Article:DYNATRONICS ANNOUNCES THIRD QUARTER SALES AND PROFITS
Topics:


Related Articles
BANTA REPORTS IMPROVED FOURTH QUARTER SALES AND EARNINGS
BANTA REPORTS RECORD RESULTS
BANTA REPORTS RECORD RESULTS
BANTA REPORTS ALL-TIME HIGHS IN SALES AND EARNINGS
BANTA REPORTS HIGHER SECOND QUARTER SALES AND EARNINGS
BANTA REPORTS FIRST QUARTER RESULTS
BANTA REPORTS SECOND QUARTER RESULTS
Banta Reports Third Quarter Results
Banta Reports Higher First Quarter Results
Banta Reports First Quarter Results.

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