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LAFARGE CORPORATION IMPROVES FOURTH-QUARTER RESULTS

 RESTON, Va., Jan. 28 /PRNewswire/ -- Lafarge Corporation (NYSE: LAF; TSE, ME), one of the leading construction materials companies in North America, reported a strong improvement in results from operations for the fourth quarter of 1992.
 Cement shipments were 7 percent higher than the last quarter of 1991 with the largest gains coming in western Canada and the U.S. Great Lakes area. Sales of aggregates were up 4 percent while ready- mixed concrete volumes slipped 3 percent due to the lack of significant construction activity in central and eastern Canada.
 Fourth-quarter financial results were impacted by the adoption of new accounting rules for postretirement benefits and income taxes, known as SFAS 106 and 109, plus restructuring and other non-recurring charges. Excluding these charges, Lafarge would have posted a net loss for the fourth quarter of $3.4 million (6 cents per share), a $16.0 million improvement from the last quarter of 1991. Including these charges, the company's quarterly net loss was $17.7 million (30 cents per share), compared with a loss of $19.4 million (34 cents per share) in 1991.
 "Our operations finished the year on a positive note," said Lafarge Corporation President and CEO Michel Rose. "These results are very encouraging, but we still have a lot of work to do to achieve our profitability targets."
 For the year 1992, Lafarge recorded $72.5 million in after-tax charges due to the adoption of the new accounting rules. Excluding these charges, Lafarge's 1992 net loss would have been $28.1 million (48 cents per share), compared with a $50.4 million loss (90 cents per share) in 1991. Including the charges, Lafarge's net loss for 1992 was $100.6 million ($1.72 per share).
 Sluggish construction activity in central and eastern Canada and a weak Canadian dollar caused Lafarge's 1992 net sales to fall 4 percent to $1.51 billion from $1.57 billion in 1991. In spite of the lower revenues, Lafarge's operating income before accounting changes more than doubled, from $17.7 million in 1991 to $37.4 million in 1992, with much of the improvement coming from restructuring and cost-reduction programs. These actions will continue in 1993, Rose said.
 "Although we've seen construction rebound in many of our markets, we plan to follow the same course of action in 1993 that we've pursued the last two years -- controlling costs, limiting capital outlays and targeting non-strategic businesses for divestment."
 Companywide cement shipments in 1992 reached 12.6 million tons, up 2 percent from 1991. Aggregate volumes also rose 2 percent, but ready-mixed concrete sales declined 4 percent.
 Lafarge currently operates 16 full-production cement plants, three cement grinding facilities and more than 100 distribution facilities throughout the United States and Canada, with an annual productive capacity of more than 15 million tons of cement. The company also has more than 450 construction materials operations and is one the largest suppliers of ready-mixed concrete and aggregates in North America. Systech Environmental Corporation, a Lafarge subsidiary, is a leader in co-processing, or recycling industrial waste into fuel for cement kilns.
 Based in Reston, Lafarge Corporation is a Fortune 500 company with more than 7,600 employees. Its majority shareholder, Lafarge
Coppee of Paris, is o LAFARGE CORPORATION
 Financial Highlights
 (Unaudited and in thousands, except per share amounts)
 Quarter Ended Dec. 31, 1992 1991
 Net Sales $ 380,489 $ 380,578
 Net Income (Loss)(A) $ (17,676) $ (19,394)
 Net Income (Loss)
 Per Common Equity Share
 Primary $ (.30) $ (.34)
 Fully Diluted $ (.30) $ (.34)
 Average Number of Common
 Equity Shares Outstanding 59,188 56,506
 Year Ended Dec. 31, 1992 1991
 Net Sales $1,511,231 $1,568,829
 Net Income (Loss)
 Before Cumulative Effect
 of Accounting Changes(A) $ (37,113) $ (50,365)
 Cumulative Effect
 of Accounting Changes (63,531) --
 Net Income (Loss) $(100,644) $ (50,365)
 Net Income (Loss)
 Per Common Equity Share
 Before Cumulative Effect
 of Accounting Changes(A)
 Primary $ (.63) $ (.90)
 Fully Diluted $ (.63) $ (.90)
 Net Income (Loss)
 Per Common Equity Share
 Primary $ (1.72) $ (.90)
 Fully Diluted $ (1.72) $ (.90)
 Average Number of Common
 Equity Shares Outstanding 58,652 55,925
 (A) Includes $9.0 million and $2.3 million in after-tax recurring charges related to the adoption of new accounting principles for the year ended and quarter ended Dec. 31, 1992, respectively.
 -0- 1/28/93
 /CONTACT: Jean-Pierre Cloiseau of Lafarge, 703-264-3670/
 (LAF)


CO: Lafarge Corporation ST: Virginia IN: CST SU: ERN

MH -- DC010 -- 0283 01/28/93 12:53 EST
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Date:Jan 28, 1993
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