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THE LVI GROUP REPORTS RESULTS FOR THIRD QUARTER 1993

 NEW YORK, Nov. 11 /PRNewswire/ -- The LVI Group Inc. (NYSE: LVI) reported net income of $348,000 for the third quarter ended Sept. 30, 1993. This compares to a net income of $166,000 from the third quarter 1992. Included in the results for the third quarter of 1993 is an extraordinary gain on early extinguishment of debt of $220,000.
 Per share earnings translate to a net income of $.044 per share for the quarter ended Sept. 30, 1993, based on a weighted average number of 7,963,000 common shares outstanding as compared to a net profit of $.015 per share for the similar period in 1992 based on a weighted average number of 10,963,000 common shares outstanding. Per share earnings for the quarter ended Sept. 30, 1993, includes $.028 from extraordinary gain on early extinguishment of debt. Net income was $764,000 as compared to net income of $386,000 for the nine months ended Sept. 30, 1993. Net income for the nine months of 1993 translates to $.082 per share based on a weighted average of 9,296,000 common shares outstanding compared to $.035 per share based on a weighted average of 10,963,000 common shares outstanding for the comparable year 1992.
 A restructuring was consummated on May 5, 1993, whereby participating holders of certain notes ("noteholders") surrendered their notes together with 3,000,000 shares of the common stock of the company, and, in exchange therefor, acquired through a newly formed corporation ("LVI Holding") all of the stock of LVI Environmental Services Group, Inc., the subsidiary of the company that conducted its now discontinued asbestos abatement operations. LVI Holding also acquired a 2-1/2 year warrant to purchase 49 percent of the common stock of Hall-Mark Electrical Supplies Corporation.
 The sole business of the company at this time is Hall-Mark Electrical Supplies Corporation, which is engaged in the distribution of electrical supplies for export and import.
 THE LVI GROUP INC. AND SUBSIDIARIES
 Financial Summary
 Condensed Consolidated Statement of Operations
 (Unaudited)
 Three months Nine months
 Periods ended Sept. 30, 1993 1992 1993 1992
 Sales $3,557,000 $2,720,000 $9,777,000 $8,027,000
 Operating income (loss) 20,000 (299,000) (173,000) (876,000)
 Income (loss) from
 continuing operations
 before extraordinary
 item 128,000 (419,000) (167,000) (1,217,000)
 Gain from discontinued
 operations -- 585,000 240,000 1,603,000
 Income (loss) before
 extraordinary item 128,000 166,000 (73,000) 386,000
 Extraordinary item:
 Gain on early
 extinguishment of
 debt 220,000 -- 691,000 --
 Net income 348,000 166,000 764,000 386,000
 Net income (loss) per
 common share:
 From continuing operations
 beef. extraord. item .016 (.038) (.018) (.111)
 From discont. operations . 0 .053 .026 .146
 From extraord. item .028 -- .074 --
 Net income (loss) per
 common share .044 .015 .082 .035
 Weight average number of
 common share
 outstanding 7,963,000 10,963,000 9,296,000 10,963,000
 Net income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the periods. Fully diluted earnings per share is not shown since the effect would be insignificant for each of the periods.
 -0- 11/11/93
 /CONTACT: Robert A. Bruno, vice president and general counsel of The LVI Group Inc., 212-951-3672/
 (LVI)


CO: The LVI Group Inc. ST: New York IN: CPR SU: ERN

SH-GK -- NY062 -- 3346 11/11/93 15:39 EST
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Date:Nov 11, 1993
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