May Department StoresThe St. Louis-based parent of...

BY THE NUMBERS

August 11, 1992

May Department Stores

The St. Louis-based parent of Hecht's, reported yesterday that its second-quarter earnings per fully diluted share rose 16 percent, to 71 cents, compared with earnings in last year's second quarter, excluding a non-recurring gain.

The chain, which operates 319 department stores and 3,403 Payless ShoeSource stores, said its net earnings were $95 million excluding the non-recurring gain, up from $82 million in the second quarter of 1991. Sales in the quarter were $2.4 billion, up 8 percent from last year's $2.23 billion.

The one-time $298 million gain recorded during the second quarter this year was the result of the distribution of partnership assets in the May Centers Associates.

Including the non-recurring gain, second-quarter earnings came to $393 million, or $2.96 per fully diluted share.

Three months ended 8/1/92

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

'92** 2,403,000 .... .... 393,000,000... . 2.96

'91.. 2,233,000 .... .... 82,000,000.... . 0.61

% change +7.6.... ... .... +379.3... .... ... +385.2

Six months ended 8/1/92

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

'92** 4,874,000... ... .. 474,000,000 ... .3.56

'91 4,692,000... ... .... 158,000,000... .. 1.17

% change +3.9 ... ... .....+200.0... ... .... +204.2

* Fully diluted

** Includes non-recurring gain of $298 million during this year's second quarter.

Crop Genetics International Corp.

This research and development company, based in Hanover, continued to lose money in the second quarter. The company, which has reported losses in each of the past six years, is developing biological products for agricultural use and is expected to reach a break-even point in 1995, said Mac McGuire, the company's controller.

On July 23, the company completed a public offering of 2.5 million shares of its common stock at a price of $4 a share, raising $9.3 million for Crop Genetics. Alex. Brown & Sons Inc. was managing underwriter.

Three months ended 6/30/92

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

'92..786,800... ... ....(1,296,200)... ...(0.36)

'91..425,700... ... ....($1,431,800)... ..(0.44

% change +84.8... ... ....-- ... ... ... ....--

Six months ended 6/30/92

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

'92..1,407,100... ... ....(2,949,100)... ..(0.79)

'91..1,027,500... ... ....(2,877,500)... ..(0.89

% change +36.9... ... .... ..-- ... ... ... ..--

Rouse Co.

Columbia-based Rouse Co. released slightly lower financial results for the second quarter yesterday compared with the same period last year. Total earnings before depreciation and deferred taxes was $8.5 million, a 6 percent decline.

For the first half of the year, earnings before depreciation and deferred taxes were down 1.9 percent to $19.8 million. The company said the declines "were largely the result of lower revenues and earnings from the sale of land in Columbia."

Three months ended 6/30/92

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

'92.. 139,837,000... .... (6,128,000)... ..(.13)

'91 ..139,421,000... .... (4,902,000)... ..($.10)

% change +0.3... ... ... ... --... ... .. ... --

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