Printer Friendly

PLM INTERNATIONAL REPORTS FIRST QUARTER RESULTS

 PLM INTERNATIONAL REPORTS FIRST QUARTER RESULTS
 SAN FRANCISCO, May 8 /PRNewswire/ -- San Francisco-based PLM


International Inc. (AMEX: PLM) today reported the results of its operations for the quarter ended March 31, 1992.
 For the quarter, PLM International reported consolidated revenues of $17.3 million, compared to $16.9 million for the same quarter in 1991. Net loss to common shares in the first quarter was equal to $3,264,000 or $0.31 per common share, compared to income of $543,000 or $0.05 per common share in 1991.
 The following table sets forth a summary of selected operating statistics for the quarter ended March 31, 1992 and 1991.
 SELECTED OPERATING STATISTICS
 (Figures in thousands, except per share data)
 Quarter ended March 31,
 1992 1991
 Total revenues $17,333 $16,865
 Income (loss) before income taxes $(1,504) $2,955
 Net income (loss) $(1,504) $2,303
 Preferred Dividends $1,760 $1,760
 Net income (loss) to common shares $(3,264) $543
 Average common shares outstanding(A) 10,897 10,554
 Net income (loss) per common share $(0.31) $0.05
 (A) Included for per share calculation.
 PLM International President and Chief Executive Officer Robert N. Tidball said, "First quarter results reflected a $3.75 million charge to pre-tax income, resulting from payment made for the settlement of a lawsuit announced April 27, 1992. This settlement will enable management to fully focus on strategic issues for the balance of 1992."
 PLM International is a transportation equipment leasing company specializing in the management of equipment on operating leases. The company is also the leading sponsor of syndicated investment programs organized to invest primarily in transportation equipment.
 -0- 5/8/92
 /CONTACT: Valerie Carratini-Cooke of PLM International, 415-905-7227/
 (PLM) CO: PLM International Inc. ST: California IN: TRN SU: ERN


MM-RM -- SF007 -- 8309 05/08/92 18:05 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 8, 1992
Words:307
Previous Article:REGIONAL TRANSPORTATION CIVIC LEADERS TO HONOR REPRESENTATIVES ROE AND MOLINARI AND SENATORS MOYNIHAN, D'AMATO AND LAUTENBERG
Next Article:/C O R R E C T I O N -- GERBER PRODUCTS COMPANY/
Topics:


Related Articles
PLM INTERNATIONAL REPORTS THIRD QUARTER RESULTS
PLM EQUIPMENT GROWTH FUNDS ANNOUNCE QUARTERLY RESULTS
PLM INTERNATIONAL REPORTS THIRD QUARTER RESULTS
/C O R R E C T I O N -- PLM INTERNATIONAL/
PLM INTERNATIONAL ANNOUNCES FIRST QUARTER RESULTS
PLM INTERNATIONAL REPORTS SECOND QUARTER RESULTS
PLM INTERNATIONAL ANNOUNCES FIRST QUARTER RESULTS
PLM INTERNATIONAL ANNOUNCES THIRD QUARTER RESULTS
PLM INTERNATIONAL ANNOUNCES SECOND QUARTER RESULTS
PLM INTERNATIONAL ANNOUNCES THIRD QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters