UNC Inc.UNC Inc. of Annapolis said yesterday that its...

BY THE NUMBERS

October 25, 1991

UNC Inc.

UNC Inc. of Annapolis said yesterday that its earnings rose 26 percent during the quarter ended Sept. 30 as the aviation engine manufacturing and service company reported stronger margins but weaker revenues in some businesses because of the recession.

"People are deferring required engine overhauls until the last minute," said David Dragics, UNC's director of investor relations. The company's overall revenues fell almost 1 percent in the quarter.

The company earned $1.9 million, or 11 cents a share, during the third quarter on sales of $92.4 million. It earned $1.5 million, or 9 cents a share, during the same quarter of 1990. Mr. Dragics said that the results were in line with the estimates of analysts who follow the company's stock, which fell 12 1/2 cents to close at $4.875 in New York Stock Exchange trading yesterday.

Mr. Dragics said the company expects to earn more in the fourth quarter than the 10 cents a share UNC made in the same period last year, but he would not give a specific forecast.

"While the current economic climate will continue to affect some of the aviation markets we serve for the balance of this year and part of next, the long-term fundamentals of the industry remain positive," UNC Chairman Dan A. Colussy said.

For the last nine months, UNC's earnings were up 48 percent. Mr. Dragics said that the improvement in the second quarter was especially dramatic because UNC posted weak profits in the second quarter of 1990.

Three months ended 9/30/91

C9... .... .Revenue.. . .. . . . Net. . .. . . . . . Share

'91.. .91,624,000. .. . .. 1,901,800 . . . . . 0.11

'90. . .92,355,000. ... .. ..1,509,100 . . .. ... 0.09

% change -0.8. . . . . . . . . ..+26.0. . . . . ..+22.2

Nine months ended 9/30/91

. ... ....... . ...Revenue. . . . . Net. . . .Share

'91. . . . . . . 264,358,000. . 4,865,000. . 0.28

'90. . . . . ... 264,644,000. . .3,297,000. .0.19

% change. . . .. ... ..-0.01. .... +47.6. . +47.4

Allied Research Corp.

This Baltimore-based company, which produces ammunition and supplies engineering services to defense departments, reported sharply higher revenues and earnings for the latest three-month and nine-month periods.

President and CEO Reinald W. Carter attributed the improved numbers to continuing cost reduction, more efficiency and a new focus on high-volume products.

%Three months ended 9/30/91

. ... ....Revenue. . . . . Net. . . . . . Share

'91.. .39,487,000. .. . .3,649,000. . . .0.83

. 7,115,000. . . . (2,256,000). . .(0.56)

% change +455.0. . . . . .. .. N/A. . .. . N/A

Nine months ended 9/30/91

. . .... ... .. .. .Revenue. . . . . .. Net. . . Share

'91. . . . .. . 81,858,000. . .. . 7,086. . . 1.65

'90. . . .. . ..27,977,000. . ... (4,861). . ..(1.20)

% change. . . ..... +192.6. . . . . .N/A. . . . .. N/A

Biospherics Inc.

This Beltsville-based research and health information company said that it earned $156,012, or 4 cents a share, during the third quarter, in contrast to a loss of $23,489, or less than 1 cent a share, in the year ago period.

The company, which was founded in 1967, said that its profitable quarter helped compensate for losses suffered in the first six months of the year, which were largely due to a one-time expense of $76,429 to start a new pension plan.

Biospherics said that its information business, based at its Cumberland Telecommunications Center, continued to grow and that talks were continuing with other companies about funding Biospherics' attempts to market a nonfattening sugar product.

The company repeated that two months ago it had conveyed many of its rights to a wastewater treatment technology to TETRA Technologies Inc. in exchange for cash payments and royalties. The amount received for the transfer of rights was not disclosed.

Three months ended 9/30/91

=3. .... .... Revenue. . . .. . Net. . .. .. . Share

'91... .. 3,618,548. . ....156,012. . ....0.04

'90. .. ..4,308,987. . ...(23,489). .. ..0.006)

% change. . ..-16.0. . . . . N/A. . . . . . N/A

Nine months ended 9/30/91

. ........... .Revenue. . . . . . Net. . .. . . Share

'91. . .. ..11,288,775. .... ..(20,952). . .. .(0.005)

'90. . .. .12,516,193. . .. .(37,477). . ....(0.01)

% change. .. ....-9.8. . ... .... +44.1. . . .. +50.0

Potomac Electric Power Co.

A hot summer and a Maryland rate increase pushed Pepco's third-quarter earnings up 16 percent from the same period last year.

The electric utility, which serves Prince George's and Montgomery counties, won a $19.7 million-a-year rate increase from the Maryland Public Service Commission in June.

Pepco also serves Washington, which awarded the company a similar annual rate increase Wednesday.

Kilowatt-hour sales for the three months that ended Sept. 30 were 5.3 percent ahead of last year's third-quarter demand, the company said.

%Three months ended 9/30/91

Revenue. . . .. . . Net. . . .. .. Share

'91. . . .599,621,000. . ..... 132,923,000. ..1.21

. ...533,166,000. .. .... 114,585,000. . 1.13

change. .. ...+12.5. ... .... . . +16.0. . .+7.1

Nine months ended 9/30/91

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