Penril Corp.This Gaithersburg-based company said it had...


September 18, 1990

Penril Corp.

This Gaithersburg-based company said it had record sales and profits in the fiscal quarter that ended July 31.

Penril President Henry Epstein said three-quarters of the company's revenues comes from its data communications operations, which provide local area network products.

McCormick & Co.

This Hunt Valley-based spice company said its net income fell more than 7 percent in the third quarter compared with the year-ago period but that gains from real estate sales last year skewed the results.

McCormick said its earnings per share fell only 4.4 percent because the company has been buying back its stock.

Sales for the quarter were up 2.1 percent, and income from continuing operations rose 7.2 percent from the year-ago period.

W. Bell & Co.

This Rockville-based catalog showroom company, which has been experiencing huge losses because of strategic missteps, reported a $1.2 million net loss for the second quarter, which tTC ended Aug. 4, and a 16 percent drop in revenues compared with the same period a year ago.

Bell, started by a Washington couple in 1950, has 11 stores in metropolitan Washington, three in the Baltimore area and six in the Chicago area.

The retailer, which had been on the selling block for three months, received in mid-August an offer valued at $8.6 million to $10.5 million from Venture Link, a Hong Kong-based company.

Circuit City Stores Inc.

This Richmond, Va.-based consumer electronics and major appliances company, announced yesterday record sales and net earnings for the second quarter, which ended Aug. 31.

Richard L. Sharp, president and chief executive officer, said Circuit City's expansion has increased its competitive edge and given it strong total sales growth despite consumer uncertainty about the overall economy.

The retailer opened 13 stores during the quarter.

Circuit City has more than 1,200 employees in Maryland and Washington.

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