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PLM INTERNATIONAL REPORTS SECOND QUARTER RESULTS

 SAN FRANCISCO, Aug. 11 /PRNewswire/ -- San Francisco-based PLM International Inc. (AMEX: PLM) today reported the results of its operations for the quarter and six months ended June 30, 1993.
 For the quarter, PLM International reported consolidated revenues of $18.1 million, compared to $18.3 million for the same quarter in 1992. Net income to common shares in the second quarter was equal to $0.5 million or 4 cents per common share, compared to a net loss of $21.3 million or $2.03 per common share in 1992.
 For the six-month period, consolidated revenues were $36.5 million, compared to $36.6 million for the same period in 1992. Net income to common shares in the first half of 1993 was equal to $0.8 million or 8 cents per common share, compared to a net loss of $24.6 million or $2.34 per common share in 1992.
 The following table sets forth a summary of selected operating statistics for the quarter and six months ended June 30, 1993 and 1992:
 PLM INTERNATIONAL INC.
 Selected Operating Statistics(1)
 Quarter Ended Six Months Ended
 June 30: 1993 1992 1993 1992
 Total Revenues $18,141 $ 18,337 $36,520 $ 36,611
 Income (Loss) Before
 Income Taxes $ 2,653 $(34,824) $ 5,115 $(36,328)
 Net Income (Loss) $ 1,704 $(19,552) $ 3,292 $(21,056)
 Preferred Dividends(2) $ 1,236 $ 1,760 $ 2,472 $ 3,520
 Net Income (Loss) to Common
 Shares(3) $ 468 $(21,312) $ 820 $(24,576)
 Average Common Shares
 Outstanding(4) 10,527 10,497 10,516 10,497
 Net Income (Loss) per
 Common Share $ 0.04 $ (2.03) $ 0.08 $ (2.34)
 NOTES:
 (1) Figures are in thousands, except per-share data.
 (2) Net of $0.5 million tax benefit for the three months ended June 30, 1993, and $1.0 million for the six months ended June 30, 1993.
 (3) After giving effect to $36.6 million of pre-tax non-cash restructuring adjustments during the second quarter 1992.
 (4) Included for per common share calculation.
 Robert N. Tidball, PLM International president and chief executive officer, said, "We are pleased to report continued positive results for the second quarter. Progress has been made on the restructuring program we initiated in mid-1992, as less desirable assets have been eliminated from our equipment portfolio and our senior debt has been reduced by 41 percent over the level one year ago. Also encouraging are the results of our partnership syndication efforts, where 1993 year-to-date sales have increased 24 percent over the comparable 1992 period, again placing PLM International in the number-one position for equipment leasing syndication sales, well ahead of our competitors."
 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- 8/11/93
 /CONTACT: Janet Turner, vice president, Investor Relations, of PLM, 415-905-7214/
 (PLM)


CO: PLM International Inc. ST: California IN: TRN SU: ERN

TM-LH -- SF002 -- 1640 08/11/93 11:30 EDT
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Date:Aug 11, 1993
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