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EATON VANCE CORP. REPORT FOR THE NINE MONTHS AND THREE MONTHS ENDING JULY 31, 1993

 BOSTON, Aug. 31 /PRNewswire/ -- Eaton Vance Corp. (NASDAQ: EAVN) earned $23.4 million in the nine months ended July 31, 1993. These earnings were 59 percent higher than the $14.7 million reported for the same nine month period in 1992. On a per share basis, earnings of $2.72 were 42 percent higher than the $1.92 earned a year earlier.
 Earnings for the third quarter of the 1993 fiscal year were $11.3 million, 88 percent higher than the earnings of $6.0 million for the same three month period in 1992. The three months earnings per share figure of $1.19 represents a 53 percent increase over 1992's 78 cents per share.
 Investment Management
 Assets under management of $13.8 billion on July 31, 1993 were 23 percent higher than the $11.2 billion a year earlier. Sales of $3.0 billion (including $2.6 billion in municipal bond funds) for the first nine months of the 1993 fiscal year exceeding sales of $2.0 billion for the same period in 1992 by 45 percent and were the primary cause of the increase in assets. Sales for the third quarter were $1.1 billion, 22 percent higher than the $0.9 billion in the comparable quarter of the preceding year. Fund shareholders redeemed $885 million during the first nine months of this year, 8 percent less than the $964 million redeemed during the same period in 1992.
 As a result of the increased assets under management, revenues rose to $106 million, 30 percent over those for the comparable nine months of 1992. Intensified marketing efforts caused most of the 13 percent increase in compensation and the 31 percent increase in other expenses. Amortization of deferred sales commissions was 41 percent above that for the same period a year earlier.
 As required by the National Association of Securities Dealers rule which became effective on July 7, funds in Eaton Vance's Marathon Family reduced distribution plan payments to the company from an annual rate of 1.00 percent of assets to 0.75 percent. Since the new rule allows fund sponsors to continue to receive payments with a total present value larger than that received by the company under any of its distribution plans, the company expects to receive the same present value of income, but the smaller annual payments will cause that income to be spread over more years.
 Third quarter gross revenues from investment management of $38.3 million reflect a $1.2 million reduction resulting from the application of the NASD rule. The regulation will be in effect for the entire fourth quarter, and fourth quarter gross revenues will be approximately $4.5 million less than they would have been if the distribution plan payments had not changed.
 Gold Mining
 In the first nine months of the fiscal year, the company's gold mining activities contributed 50 cents to earnings per share. The primary cause of the increased contribution was a rise in the price of gold and an accompanying increase in the market value of the investments of both VenturesTrident partnerships.
 Gold mining activities contributed 44 cents per share in the third quarter of 1993. In 1992, these activities contributed 16 cents for the comparable nine months and 12 cents in the third quarter.
 Financial Condition and Liquidity
 The company's primary application of cash flow is the payment of commissions to broker/dealers selling shares of Eaton Vance mutual funds with spread commission pricing structures. A $75 million credit facility with non-affiliated banks is available to finance the commissions. The proceeds from the sale in April of 1.38 million shares of Eaton Vance non-voting common stock reduced the amount borrowed under the facility by $44 million and helped to raise shareholders' equity to $144 million from the $73 million a year earlier. The sale increased the number of shares outstanding by 16 percent.
 Eaton Vance Corp. is traded on the NASDAQ National Market System under the symbol EAVN.
 EATON VANCE CORP.
 REPORT FOR THE NINE MONTHS AND THREE MONTHS ENDING
 JULY 31, 1993
 Nine Months Ended July 31: 1993 1992
 Net Income $23,390,000 $14,671,000
 Net Income per Share $2.72 $1.92
 Average Shares Outstanding 8,616,000 7,648,000
 Three Months Ended July 31: 1993 1992
 Net Income $11,282,000 $6,013,000
 Net Income per Share $1.19 $0.78
 Average Shares Outstanding 9,496,000 7,730,000
 -0- 8/31/93
 /CONTACT: Curtis H. Jones of Eaton Vance Corp., 617-482-8260/
 (EAVN)


CO: Eaton Vance Corp. ST: Massachusetts IN: FIN SU: ERN

CM-DJ -- NE007 -- 7573 08/31/93 14:32 EDT
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Date:Aug 31, 1993
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