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MERRILL CORPORATION REPORTS RECORD THIRD QUARTER RESULTS

 MERRILL CORPORATION REPORTS RECORD THIRD QUARTER RESULTS
 ST. PAUL, Minn., Nov. 25 /PRNewswire/ -- Merrill Corporation


(NASDAQ: MRLL) today announced record operating results for both the third fiscal quarter and the nine-month period ended Oct. 31, 1991.
 Revenue for the third fiscal quarter was $30,101,000, an increase of 13 percent from $26,614,000 in the third quarter a year ago. Net income for the quarter was $1,544,000, or $.40 per share, nearly double the $779,000, or $.22 per share, earned last year.
 Revenue for the nine months was $92,789,000, an increase of 25 percent from $74,382,000 for the same period a year ago. Net income for the nine months was $5,074,000, or $1.34 per share, an increase of 66 percent from $3,060,000, or $.84 per share, last year.
 Merrill President and CEO, John Castro said, "The quarter's results reflected the continued strong volume of financial market transactions, particularly corporate equity offerings."
 Merrill Corporation is a leading provider of on-demand, 24-hour-a-day typesetting, printing, document reproduction and distribution services to financial, legal, insurance and corporate markets nationwide.
 MERRILL CORPORATION
 Financial Summary
 (in thousands, except share and per share data)
 Three Months Ended Nine Months Ended
 October 31 October 31
 1991 1990 1991 1990
 Revenues $30,101 $26,614 $92,789 $74,382
 Cost of sales 20,059 17,918 61,271 49,639
 Gross profit 10,042 8,696 31,518 24,743
 Selling, general &
 administrative
 expenses 7,515 7,319 22,830 19,816
 Other income
 (expense) net (59) (133) (353) 59
 Income before
 tax provision 2,468 1,244 8,335 4,986
 Provision for
 income tax (987) (497) (3,334) (1,994)
 Minority interest 63 32 73 68
 Net income $1,544 $779 $5,074 $3,060
 Net income per common
 and common
 equivalent share $.40 $.22 $1.34 $.84
 Weighted average number
 of common shares
 outstanding 3,822,493 3,575,857 3,787,779 3,635,300
 -0- 11/25/91
 /CONTACT: John B. McCain of Merrill Corporation, 612-646-4501 or John Mackay of Padilla Speer Beardsley, 612-871-8877, for Merrill/
 (MRLL) CO: Merrill Corporation ST: Minnesota IN: SU: ERN


DS -- MN006 -- 6720 11/25/91 09:56 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 25, 1991
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