Universal Security Instruments Inc.Earnings for this...

BY THE NUMBERS

January 28, 1992

Universal Security Instruments Inc.

Earnings for this Owings Mills manufacturer of security, video and telecommunications equipment surged in the third fiscal quarter as the company continued to pursue expanding its engineering of new products designed in the United States but produced in China.

Earnings for the first nine months in 1990 were unusually high because of the $1.3 million insurance payment the company received after a fire at its facility in March 1990.

Three months ending 12/31/91

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

'91. . . . . . 7,471,726 . . . 213,649 . . 0.20

'90. . . . . . 6,045,355 . . . 155,900 . . 0.15

% change . . . . . .+23.6 . . . . .+37.0 . . +33.3

Nine months ending 12/31/91

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

'91. . . . . .19,806,280. . . 382,935 . . 0.12

'90. . . . . .16,858,415. . . 1,516,829 . 0.44

% change . . . . . .+17.5. . . . . .-74.8 . -72.7

Environmental Elements

This Baltimore-based designer and supplier of air pollution control equipment posted a third-quarter increase in earnings from continuing operations to $884,000 from $865,000 a year ago.

Discounting the effects of tax loss carry-forward benefits, the earnings per share were 9 cents for the third fiscal quarter, up from 8 cents the year before.

The supplier of electrostatic precipitators, fabric filters, and flue gas desulfurization, acid gas cleaning and continuous emission monitoring systems, which went public in 1990, said it received new contracts worth $41.5 million during the third fiscal quarter, which ended Dec. 31, compared with $9.8 million for the year ago third quarter. The backlog for new contracts stood at $72.3 million at the end of December, a 42 percent increase from Sept. 30.

A money-losing subsidiary of Koppers Co. Inc., a Pittsburgh company that makes highway construction materials and chemicals, until 1982, the company became profitable when it was sold by Koppers.

At that time, the company trimmed its diverse environmental services business to a single area: supplying air pollution control devices to utilities and industries.

The company's stock closed at $18.75 yesterday, up 75 cents.

Three months ending 12/31/91

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

'91. . . . . . 19,570,000 . . 1,033,000 . . 0.15

'90. . . . . . 20,807,000 . . 1,409,000 . . 0.20

% change . . . . . . .-5.9 . . . . .-26.7 . . . -25

Nine months ending 12/31/91

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

'91. . . . . . 70,116,000. . . 4,884,000 . . 0.69

'90. . . . . . 67,220,000. . . 4,759,000 . . 0.75

% change . . . . . . .+4.3. . . . . . +2.6 . . -8.0

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.