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McDONALD & COMPANY REPORTS RECORD QUARTERLY EARNINGS

 CLEVELAND, July 27 /PRNewswire/ -- McDonald & Company Investments, Inc. (NYSE: MDD) today reported results for the first quarter ended June 25, 1993. Net income and net income per share were the highest for any quarter in the company's history. Fiscal 1994 first-quarter revenues were a first-quarter record and the second-highest in company history.
 Net income for the quarter was $5,111,000, or $.71 per share, representing 38 percent and 31 percent increases over the same period a year ago. First quarter revenues were $47,717,000, an increase of 26 percent over the first quarter of fiscal 1993. Net income for the same quarter in fiscal 1993 was $3,713,000, or $.54 per share, on revenues of $37,892,000. The average number of common shares outstanding in the recent first quarter was 7,167,000 compared to 6,913,000 in the first quarter a year ago.
 Chairman Thomas M. O'Donnell noted, "Fiscal 1994 is off to a solid start with our record first quarter results. We are well positioned for strong financial performance and optimistic about the outlook for this fiscal year."
 McDonald & Company Investments, Inc., through its principal subsidiary, McDonald & Company Securities, Inc., operates a regional investment banking, brokerage and investment advisory business with a total of 34 offices in nine states, including 28 in Ohio, Michigan, Indiana and Pennsylvania, as well as offices in Atlanta, Boston, Chicago, Dallas and Jersey City, N.J.
 McDONALD & COMPANY INVESTMENTS, INC.
 Summary Income Statement (Unaudited)
 (In thousands, except per-share amounts)
 Three Months Ended
 June 25, 1993 June 26, 1992
 Operating revenue $44,108 $34,922
 Interest & Dividends 3,609 2,970
 Total Revenues $47,717 $37,892
 Operating expense 37,280 30,234
 Interest expense 2,326 1,845
 Income before taxes $8,111 $5,813
 Income taxes 3,000 2,100
 Net Income $5,111 $3,713
 Net Income Per Share
 Primary $0.71 $0.54
 Fully diluted $0.65 $0.50
 Average shares outstanding 7,167 6,913
 -0- 7/27/93
 /CONTACT: Richard Clark of McDonald & Company Investments, Inc., 800-553-2240 or 216-443-2614/
 (MDD)


CO: McDonald & Company Investments, Inc. ST: Ohio IN: FIN SU: ERN

KL -- CL003 -- 6059 07/27/93 08:45 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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