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PCC GROUP INC. ANNOUNCES RESULTS FOR ITS THIRD QUARTER OF FISCAL 1993

 BREA, Calif., Aug. 18 /PRNewswire/ -- PCC Group Inc. (NASDAQ: PCCG) reported its results today for the quarter ended June 30, 1993, its third quarter of fiscal 1993. Revenue for the third quarter was $13.9 million, a 39 percent decrease from the $23 million reported for the third quarter of fiscal 1992. The company reported a net loss of ($210,000) or ($.08) per share, for its third quarter of fiscal 1993, as compared to net income of $150,000 or $.04 per share, for the comparable quarter last year.
 "These results reflect the impact of one of the worst price wars in the history of the computer disk drive industry. To overcome the effects of prevalent market conditions, the company has proceeded to down-size its operations by closing two marginal branches. Marginal facilities were located in Fremont, Calif., and Des Plaines, Ill.," stated J. Lauro Valdovinos, vice president finance and chief financial officer. Disk drives account for over 40 percent of PCCG's sales volume. "To regain momentum, the company is focusing on being earliest- to-market innovative, high-quality products which produce attractive gross margins. New product offerings include our own Media Resources multimedia product line. We are also pursuing a gradual diversification into other industries that offer better ROI yields," concluded Valdovinos.
 For the nine months ended June 30, 1993, the company reported a net profit of $393,000 ($.14 per share) on revenue of $62 million, as compared to earnings of $1.2 million ($.47 per share) on revenue of $69 million in the year-ago period.
 PCC Group Inc. is a holding company primarily engaged in the business of distributing microcomputer products. The company also manufactures PC Craft microcomputers and multimedia hardware products under the Media Resources label. The company's five regional distribution centers are located in Dallas, Washington, D.C., New York, Los Angeles and Seattle metropolitan areas.
 PCC GROUP INC.
 Summary of Operations
 (In thousands except per share amount)
 (Unaudited)
 Three Months Ended Nine Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Net sales $13,936 $22,990 $62,034 $69,037
 Cost of sales 12,669 21,194 56,800 63,029
 Income from operations (244) 239 672 1,510
 Income before taxes (386) 173 508 1,357
 Net income ($210) $150 $393 $1,245
 Net income per common share(a) ($0.08) $0.04 $0.14 $0.47
 Average weighted number of
 common shares 2,192,419 2,312,375 2,189,056 2,263,561
 (a) Preferred stock dividends have been deducted from net income.
 -0- 8/18/93
 /CONTACT: J. Lauro Valdovinos, VP-finance & CFO of PCC Group, 714-256-5000/
 (PCCG)


CO: PCC Group Inc. ST: California IN: CPR SU: ERN

BP-LS -- LA011 -- 3947 08/18/93 13:40 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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