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WYNN'S RELEASES YEAR-END EARNINGS

 ORANGE, Calif., Jan. 28 /PRNewswire/ -- Wynn's International Inc. (NYSE: WN) reported today net income of $2,024,000 or $.56 per share in the fourth quarter of 1992 compared to a net loss of $14,016,000 or $3.90 per share in the 1991 fourth quarter. The 1991 fourth quarter loss included an after tax charge of $14,930,000 ($4.15 per share) for restructuring Wynn's Climate Systems, the company's automotive air conditioning subsidiary. Excluding this restructuring charge, income after tax for the fourth quarter of 1991 was $914,000 or $.25 per share. Net sales for the quarter ended Dec. 31, 1992 increased 4 percent to $67,272,000 compared to $64,729,000 a year ago.
 Net income for the year ended Dec. 31, 1992, was $7,253,000 or $2.02 per share compared to a net loss of $11,200,000 or $3.09 per share a year ago. Net sales for the 12 months ended Dec. 31, 1992 increased 7 percent to $291,788,000 compared to $273,963,000 for the same period in 1991. Excluding the restructuring charge, 1991 net income was $3,730,000 or $1.03 per share.
 Wynn's-Precision Inc. (Precision), a key supplier of sealing products for automobiles and other equipment, recorded an 8 percent increase in sales in the fourth quarter of 1992 compared to the fourth quarter of 1991. All divisions of Precision, except aerospace, had a strong quarter and strong year despite continuing price pressures.
 Wynn's Climate Systems (WCS), which designs and manufactures automotive air conditioning systems for sale to original equipment manufacturers (OEM) and through the aftermarket, experienced a sharp increase in operating profit during the fourth quarter of 1992 compared to its break-even results in the 1991 fourth quarter, excluding that quarter's restructuring charge. Revenues were approximately the same in the fourth quarter of each year.
 Wynn Oil Co., the petrochemical specialties division, reported a 6 percent increase in sales for the most recent quarter, but a small decline in operating profit compared to the prior year's fourth quarter. Losses at the new subsidiaries in Germany and Mexico offset improvements in France, the United States and other areas.
 Robert Skeels & Co., the relatively small builders hardware and locksmith supplies subsidiary, continues to be hurt by the severe downturn in the southern California building industry. Sales and operating profit were down substantially in the fourth quarter compared to the same period in 1991.
 James Carroll, president and chief executive officer, said, "I am pleased by the continued earnings improvement throughout 1992, especially at Wynn's Climate Systems. Looking ahead to 1993, our outlook remains optimistic given the expected continuation of the worldwide economic recovery."
 The company's balance sheet and overall financial condition remain strong at Dec. 31, 1992, with the current ratio at 2.30 to 1. The company had $14.7 million of cash at Dec. 31, 1992, of which approximately $8 million is earmarked to pay the first installment of principal on long-term debt due on March 6, 1993. At Dec. 31, 1991 the company had $6.1 million of cash. Shareholders' equity was $78,853,000 or $21.88 per common share.
 Wynn's International Inc., founded in 1939, is a worldwide supplier of high quality O-rings, seals, molded rubber products, petrochemical specialties products, automotive air conditioners and builders hardware. The company has 1,945 employees and is headquartered at 500 North State College Blvd., Suite 700, Orange, CA 92668, telephone: 714-938-3700.
 WYNN'S INTERNATIONAL INC. HIGHLIGHTS
 Operating Results
 Fourth Quarter Ended
 Dec. 31,
 1992 1991
 Net sales $67,272,000 $64,729,000
 Income (loss) before taxes 3,648,000 (19,085,000)
 Provision (benefit) for taxes 1,624,000 (5,069,000)
 Net income (loss) $2,024,000 ($14,016,000)
 Income (loss) per share of
 common stock:
 Primary $.56 ($3.90)(A)
 Fully diluted $.53 ($3.90)
 Average shares outstanding 3,599,495 3,593,588
 12 Months Ended
 Dec. 31,
 1992 1991
 Net sales $291,788,000 $273,963,000
 Income (loss) before taxes 13,334,000 (13,918,000)
 Provision (benefit) for taxes 6,081,000 (2,718,000)
 Net income (loss) $7,253,000 ($11,200,000)
 Income (loss) per share of
 common stock:
 Primary $2.02 ($3.09)(A)
 Fully diluted $1.93 ($3.09)
 Average shares outstanding 3,597,206 3,625,653
 (A) Includes $4.15 loss per share for the quarter ($4.12 loss for the 12 months) due to restructuring and downsizing of Wynn's Climate Systems.
 Note: For 1992 and 1991, the earnings per share for the quarters does not equal the earnings per share for the year because the calculations are based on the weighted average number of shares outstanding during the period.
 -0- 1/28/93
 /CONTACT: James Carroll, president and CEO of Wynn's International, 714-938-3700/
 (WN)


CO: Wynn's International Inc. ST: California IN: AUT SU: ERN

JL -- LA025 -- 0307 01/28/93 13:24 EST
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Date:Jan 28, 1993
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