POE & ASSOCIATES, INC. ANNOUNCES THIRD QUARTER RESULTS
POE & ASSOCIATES, INC. ANNOUNCES THIRD QUARTER RESULTS TAMPA, Fla., Oct. 13 /PRNewswire/ -- Poe & Associates, Inc.
(NASDAQ-NMS: POEA) announced its operating results for the three and nine months ended Sept. 30.
Total revenues for the quarter ended Sept. 30 were $13,832,000, vs. $12,391,000 for the same period in 1991, an increase of 12 percent. Net income for the second quarter of 1992 was $1,474,000, or $.28 per share, compared to $1,376,000 for the same period in 1991, or $.27 per share, an increase in per share earnings of 4 percent. Total revenues for the nine months ended Sept. 30 were $38,292,000, as compared to $35,839,000 for the corresponding nine months in 1991, an increase of 7 percent. Net income for the nine months ended Sept. 30 was $3,068,000, or $.59 per share, as compared to $3,575,000 reported in 1991, or $.71 per share, a decrease in per share earnings of 17 percent. Poe & Associates, Inc., a general insurance agency headquartered in Tampa, is among the nation's leading independent insurance agency organizations. The company has offices throughout Florida, and in Arizona, California, Colorado, Connecticut, Georgia, New Jersey, North Carolina and Texas. POE & ASSOCIATES, INC. FINANCIAL HIGHLIGHTS (In thousands of dollars and shares, except per share data) Quarter ended 9/30/92 9/30/91 Revenues $13,832 $12,391 Net income $ 1,474 $ 1,376 Net income per share $ .28 $ .27 Avg. number of shares outstanding 5,215 5,123 9 mos. ended 9/30/92 9/30/91 Revenues $38,292 $35,839 Net income $ 3,068 $ 3,575 Net income per share $ .59 $ .71 Avg. number of shares outstanding 5,217 5,033 -0- 10/13/92 /CONTACT: V.C. Jordan Jr., president of Poe & Associates, 813-222-4100/ (POEA) CO: Poe & Associates, Inc. ST: Florida IN: INS SU: ERN
BN-BR -- AT011 -- 9496 10/13/92 16:29 EDT
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|Date:||Oct 13, 1992|
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