Crown posts $5.7 million loss during first quarter of...

EARNINGS

April 23, 1993

Crown posts $5.7 million loss during first quarter of 1993

Crown Central Petroleum Corp. Chairman Henry A. Rosenberg Jr. said yesterday that Crown refineries and gas stations lost money in the first three months of 1993.

The company said its $5.7 million loss for its first fiscal quarter was because of poor profit margins on refined oil produced by its Texas refineries.

The company reported an operating loss of $6.6 million in the same period a year ago.

Mr. Rosenberg also announced at the company's annual meeting yesterday the appointment to Crown's board of Robert M. Freeman, chairman of Signet Banking Corp. and Bailey A.

Thomas, chairman of McCormick & Co.

Crown Central Petroleum Corp.

0$

.. Ticker .. .. .. Yesterday's

.. .. .. Symbol .. .. .. .. Cls .. .. Chg.

.. .. .. .. .. .. .. .. .. CNP .. .. .. .. .. 15 3/4 .. .. - 1/4

Period ended

March 31 .. .. .. .. 1st qtr. .. .. .. ..Year .. .. ago Chg.

Revenue .. .. .. .. $413,302 .. .. .. $371,886 .. .. +11.1%

Net Income .. .. .. $(5,720) .. .. .. $1,202 .. .. .. * --

Primary EPS .. .. ..$(0.58) .. .. .. .$0.12 .. .. .. .* --

Figures in thousands (except per share data.)

* Includes a gain from changes in accounting of retiree health benefits and income taxes.

Armco Inc

?3

.. .. .. .. Ticker .. .. .. .. .. Yesterday's

.. .. .. .. .. .. ..Symbol .. .. .. .. Cls. .. .. Chg.

.. .. .. .. .. .. .. AS .. .. .. .. .. 7.. .. .. .. 1/4

Period ended

March 31 .. .. .. .. .. 1st qtr. .. .. .. .. Year ago .. .. .. Chg.

Revenue .. .. .. .. .. $515,500 .. .. .. .. .. $366,400 .. .. +40.7%

Net Income .. .. .. .. $(326,400) .. .. .. .. * $(30,500) .. .. --

Primary EPS .. .. .. .. .. $(3.19) .. .. .. .. * $(0.37) .. .. ..--

Figures in thousands (except per share data.)

* Excluding the cumulative effect of accounting changes, Armco lost $22 million, or 25 cents a share.

AlliedSignal Inc.

H

.. .. .. Ticker .. .. .. .. .. .. .. .. .. Yesterday's

.. .. .. .. ..Symbol .. .. .. .. .. .. .. .. Cls... .. .. Chg.

ALD .. .. .. .. .. .. .. .. .. .. .. .. .. ..64 3/4 .. .. ..1 5/8

Period ended

3/31/93 .. .. 1st qtr. .. .. .. Year ago .. .. .. .. .. Chg.

Revenue .. .. $2,900,000 .. .. $3,000,000.. .. .. .. .. 2.6%

Net Income .. $149,000 .. .. ..$(1,125,000).. .. .. .. * --

Primary EPS .. $1.05 .. .. .. $(8.07).. .. .. .. .. ..* --

Figures in thousands (except per share data)

*Excluding the cumulative effect of changes in accounting principles, net income was $122 million, or $0.87 a share.

MCI Communications Corp.

.. .. .. .. .. .. .. Ticker .. .. .. .. .. Yesterday's

.. .. .. .. .. .. . .. .. Symbol .. .. .. .. .. Cls. .. .. .. Chg.

.. .. .. .. .. .. .. .. .. MCIC .. .. .. .. .. 49 .. .. .. .. +1 7/8

Period ended

March 31 .. .. .. .. .. .. 1st qtr. .. .. .. .. Year ago .. .. .. Chg.

Revenue .. .. .. .. .. .. $2,810,000 .. .. .. $2,513,000 .. .. .. +11.8%

Net Income .. .. .. .. .. .. $151,000 .. .. .. ..$141,000 .. .. .. +7.1%

Primary EPS .. .. .. .. .. .. ..$0.56 .. .. .. .. $0.51 .. .. .. ..+9.8%

Figures in thousands (except per share data.)

Univax Biologics Inc.

?3

.. .. .. Ticker .. .. .. .. .. .. Yesterday's

.. .. .. .. .. Symbol .. .. .. .. .. .. .. Cls. .. .. .. .. Chg.

.. .. .. .. .. UNVX .. .. .. .. .. .. .. 7 1/2 .. .. .. .. .. + 3/8

Period ended

March 31 .. .. 1st qtr.. .. .. .. .. .. Year ago .. .. .. .. Chg.

Revenue .. .. .. $17 .. .. .. .. .. .. .. $211 .. .. .. .. -91.9%

Net Income .. ..($6,087) .. .. .. .. .. ($2,045) .. .. .. .. --

Primary EPS .. ..($0.53) .. .. .. .. .. ($0.21) .. .. .. .. --

Figures in thousands (except per share data.)

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