Martin Marietta Corp.Martin Marietta yesterday reported...

BY THE NUMBERS

July 25, 1991

Martin Marietta Corp.

Martin Marietta yesterday reported improvements in second-quarter and first-half profits on reduced revenues. The company said that its commercial businesses showed some weakness in the first half, while government sales rose 5 percent from a year earlier.

"Continued good performance in Martin Marietta's advanced technology businesses more than offset the recessionary influences on our commercial materials segment," said Norman R. Augustine, chairman and chief executive officer. "These results, together with increasing evidence of a turnaround in the economy, lead us to anticipate a strong year for the corporation."

During the 1991 second quarter, a joint venture between Martin Marietta and Westinghouse Electric Corp. received a $265 million contract for the full-scale development of the advanced "fire-and-forget" Hellfire missile for the Army's Longbow helicopter targeting and missile system. Also during the quarter, an additional $195 million in orders for jet engine fan reversers was received from Pratt & Whitney.

Three months ended 6/30/91

G; .... ....Revenue.... .... .... Net.... .... .... Share

....1,567,800,000.. .... 97,900,000...... 1.97

'90.... ....1,657,100,000.. .... 94,500,000...... 1.85

% change............. -5.4.. ........... +3.6....... +6.5

Six months ended 6/30/91

G; .... ....Revenue.... .... .... Net.... .... .... Share

....2,968,200,000.. .... 169,000,000..... 3.41

'90.... ....3,076,000,000.. .... 161,600,000..... 3.17

% change............. -3.5.. ............ +4.6...... +7.6

Danaher Corp.

Continuing drop-offs in demand for automotive supplies and tools pushed second-quarter earnings for this Washington-based holding company down by nearly two-thirds, compared with the corresponding part of last year.

Danaher, which absorbed Easco Hand Tools in a stock swap last summer, said that on a comparable basis, sales in the quarter ending June 28 were 14 percent lower than they would have been last year in the same period.

The company said that the purchase of Easco continued to dilute per-share earnings but that profits were expected to rebound next year, when Easco will become Sears, Roebuck and Co.'s sole supplier of wrenches and other hand tools.

Three months ended 6/28/91

G; .... ....Revenue.... .... .... Net.... .... .... Share

....201,897,000.... .... 4,243,000....... 0.15

'90.... ....202,999,000.... .... 11,549,000...... 0.46

% change............-0.5.... ...........-63.3...... -67.4

Six months ended 6/28/91

G; .... ....Revenue.... .... .... Net.... .... .... Share

....405,590,000.... .... 8,153,000.. .... 0.29

'90.... ....383,553,000.... .... 22,191,000...... 0.92

% change........... +5.7.... .......... -63.3...... -68.5

Atlanfed Bancorp Inc.

This Baltimore-based thrift recorded a strong first fiscal quarter as income rose more than 25 percent, compared with the same period a year ago. The company, parent of Atlantic Federal Savings Bank, said that the increase in net income stemmed from improved results at its mortgage banking unit, Atlantic Home Mortgage Corp., and stable earnings from its core lending activities.

Three months ended 6/30/91

0$ .... .... Income.... .... Share

'91.... .... 323,635....... 0.34

'90.... .... 258,040....... 0.27

% change....... +25.4....... +25.9

....... .... Assets......... Deposits

'91.... .... 262,533,488... 200,757,201

'90.... .... 227,090,897... 171,281,348

% change........... +15.6.......... +17.2

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