Printer Friendly

PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES FINANCIAL RESULTS

 PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES FINANCIAL RESULTS
 DALLAS, Oct. 23 /PRNewswire/ -- Dallas-based Publishers Equipment Corporation (NASDAQ: PECN), today announced a net loss of $655,000 on revenues of $2,996,000 for the third quarter of 1992. These results compare to a net income of $1,669,000 on revenues of $8,864,000 for the third quarter of 1991. The reduction in revenues in the current quarter is attributable in part to the timing of shipment of a large press order now scheduled for the fourth quarter.
 PUBLISHERS EQUIPMENT CORPORATION
 (Unaudited, in thousands)
 Periods ended Three months Nine months
 Sept. 30: 1992 1991 1992 1991
 Revenues $ 2,996 $ 8,864 $11,316 $13,530
 Income (loss) from
 continuing operations,
 including equity in
 loss of affiliate (655) 485 (774) (2,047)
 Income (loss) from
 discontinued operations -- 1,184 -- (2,084)
 Net income (loss) $ (655) $ 1,669 $(774) $(4,131)
 Income (loss) per
 common share:
 Continuing operations $(0.12) $ 0.10 $(0.15) $ (0.42)
 Discontinued operations -- 0.24 -- (0.43)
 Net loss $(0.12) $ 0.34 $ (0.15) $ (0.85)
 Average shares
 outstanding 5,255,012 4,862,036 5,005,013 4,862,036
 Evans Kostas, chairman and chief executive officer, noted that the company is working at near full capacity against a record backlog at Sept. 30, 1992 of $8.2 million, consisting primarily of orders by foreign customers. The bulk of this backlog is scheduled to ship in the fourth quarter of 1992. The domestic markets served by the company continue to be adversely affected by a reduced level of advertising expenditures and general economic uncertainties in the United States.
 -0- 10/23/92
 /CONTACT: Roger R. Baier of Publishers Equipment Corporation, 214-931-2312/
 (PECN) CO: Publishers Equipment Corporation ST: Texas IN: SU: ERN


TS -- NY042 -- 4178 10/23/92 12:46 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:Oct 23, 1992
Words:304
Previous Article:ART'S-WAY MANUFACTURING, BADGER NORTHLAND ANNOUNCE NEW SALES ALLIANCE
Next Article:UTA REACHES AGREEMENT ON PRISM MIRROR TECHNOLOGY
Topics:


Related Articles
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES THIRD QUARTER RESULTS
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES RESTATED RESULTS
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES YEAR-END RESULTS
PUBLISHERS EQUIPMENT ANNOUNCES FIRST QUARTER RESULTS
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES RESULTS
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES FINANCIAL RESULTS
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES SECOND QUARTER RESULTS
PUBLISHERS EQUIPMENT CORPORATION ANNOUNCES RESULTS
Publishers Equipment Corporation Announces Second Quarter Results
Publishers Equipment Corporation Announces First Quarter Results.

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