PHH has record quarterly income yearly earnings increased 13%

EARNINGS

May 25, 1993

Helped by strong mortgage banking operations, PHH Corp. posted record fourth-quarter income and a 13 percent increase in earnings for the fiscal year that ended April 30.

JTC Chairman and Chief Executive Officer Robert D. Kunisch noted in a statement that the company's mortgage banking operations "had another banner year," with more than 50,000 loans processed, an increase of 52 percent over the previous year's record volume.

Mr. Kunisch said the company's earnings growth came despite an economy that kept uncertainty high for many of the fleet management company's clients.

Regarding its vehicle management services segment, Mr. Kunisch said: "Although our clients' purchases worldwide were slightly below last year's levels, they exceeded 115,000 vehicles for the sixth consecutive year."

Reporting on the company's relocation and real estate services segment, Mr. Kunisch said: "In the U.S., authorizations to purchase client homes increased over prior year's levels."

PHH Corp.

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

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

.. .. .. .. .. ..PHH.. .. .. .. .. .. .. .. .. ..40 1/4 .. .. .. .. ..-

Period ended

April 30 .. .. .. .. .. ..4th qtr.. .. .. .. ..Year ago.. .. .. Chg.

Revenue .. .. .. .. .. .. $515,090 .. .. .. .. $493,881.. .. +4.3%

Net Income .. .. .. .. .. $16,623 .. .. .. .. $14,910 .. .. .+11.5%

Primary EPS .. .. .. .. ..$0.95.. .. .. .. .. $0.86 .. .. .. +10.5%

.. .. .. .. .. .. Year.. .. .. .. Year ago.. .. .. .. .. .. .. Chg.

Revenue .. .. .. ..$2,020,931.. .. $1,931,484.. .. .. .. .. . ..+4.6%

Net Income .. .. ..$56,417 .. .. ..$49,979 .. .. .. .. .. .. .. +12.9%

Primary EPS .. .. .. $3.25.. .. .. $2.92 .. .. .. .. .. .. .. ..+11.3%

Figures in thousands (except per share data.)

BioWhittaker Inc.

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

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

.. .. .. .. .. .. ..BWI .. .. .. .. .. .. .. .. .. .. 8 1/2 .. ..Unch

Period ended

April 30 .. .. .. ..2nd qtr.. .. .. .. .. .. .. ..Year ago.. . Chg.

Revenue .. .. .. .. $13,663 .. .. .. .. .. .. .. $13,616 .. . +0.3%

Net Income .. .. .. $289 .. .. .. .. .. .. .. .. $1,238 .. ...-76.7%

Primary EPS.. .. .. $0.02*. .. .. .. .. .. .. ...$0.11.. ... .-81.8%

.. .. .. .. ... ..6 mos.. .. .. .. .. Year ago.. .. .. .. .. .. Chg.

Revenue .. .. .. $25,513.. .. .. .. ..$25,716 .. .. .. .. .. ..-0.8%

Net Income .. .. .. $824.. .. .. .. ..$2,316 .. .. .. .. .. .. -64.4%

Primary EPS .. .. ..$0.07 .. .. .. .. $0.21.. .. .. .. .. .. ..-66.6%

* Excluding a $1.1 million write-down in the value of inventory, earnings would have been 8 cents a share.

Figures in thousands (except per share data.)

GTS Duratek Corp.

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

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

.. .. .. .. .. .. .. DRTK.. .. .. .. .. .. .. .. ..3 5/8 .. .. .. .. Unch.

Period ended

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

Revenue .. .. .. .. ..$9,884 .. .. .. .. .. $8,920 .. .. .. .. ..+10.8%

Net Income .. .. .. ..$(268) .. .. .. .. .. $(179).. .. .. .. .. .. --

Primary EPS .. .. .. $(0.03).. .. .. .. .. $(0.02) .. .. .. .. .. .. --

Figures in thousands (except per share data.)

Microlog Corp.

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

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

.. .. .. .. .. .. ..MLOG.. .. .. .. .. .. .. .. .. .. 2 1/8 .. .. .. .. Unch.

Period ended

April 30 .. .. .. .. ..2nd qtr.. .. .. .. ..Year ago.. .. .. .. .. Chg.

Revenue .. .. .. .. .. $4,943.. .. .. .. .. $5,275.. .. .. .. .. ..-6.7%

Net Income .. .. .. .. ..$112.. .. .. .. .. $(242) .. .. .. .. .. .. --

Primary EPS .. .. .. .. $0.03.. .. .. .. .. $(0.06).. .. .. .. .. .. --

.. .. .. .. .. .. .. ..6 mos.. .. .. ..Year ago.. .. .. .. .. .. Chg.

Revenue .. .. .. .. ..$10,195 .. .. ..$10,434 .. .. .. .. .. ..-2.3%

Net Income .. .. .. .. ..$422.. .. .. $(592) .. .. .. .. .. .. .. -

Primary EPS .. .. .. .. $0.10.. .. .. $(0.15) .. .. .. .. .. .. ..--

Figures in thousands (except per share data.)

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