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Twelve Months

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By RICK MAESE | June 20, 2008
Twelve months ago in this space, we humbly welcomed the Orioles' newly hired team president to town with an itemized to-do list. One year into the job, it's time to check on his progress.
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SPORTS
By RICK MAESE | June 20, 2008
Twelve months ago in this space, we humbly welcomed the Orioles' newly hired team president to town with an itemized to-do list. One year into the job, it's time to check on his progress.
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BUSINESS
February 13, 1992
Kirschner Medical Corp.This Timonium company, which sells orthopedic and surgical equipment, reported record net income last year of $4.2 million.However, part of the earnings came from the sale of a line of veterinary products and the manufacturing building in Timonium in December.C. Scott Harrison, president and chief executive, said Kirschner exceeded analysts' expectations with earnings of 13 cents a share from continuing operations for the fourth quarter.Three months ending 12/31/91.
NEWS
December 14, 1994
White House Chief of Staff Leon Panetta says the "message" of the firing of Surgeon General Joycelyn Elders for her remark that masturbation could be discussed in schools is, "Don't say things the president does not agree with." He also said Dr. Elders would have been fired for doing this "six months ago, eight months ago, nine months ago; I guarantee you."Maybe, but in the past nine months she has said, among other impolitic things, that she didn't think selling a small amount of cocaine was a crime, and for such she drew only private rebukes.
BUSINESS
January 6, 1993
Microlog Corp.This Germantown-based voice processing systems company said that for the three months that ended Oct. 31, it posted its first quarterly profit since mid-1990."
BUSINESS
October 28, 1992
Delmarva Power & Light Co.This utility, which provides power to the Eastern Shore, reported strong results for the third quarter.However, earnings for core operations in the first nine months dropped to $1.45 a share from $1.56 a share because of milder weather, which reduced air-conditioning use, and the capital costs for expanded capacity.The company provided financial information for the 12 months that ended Sept. 30, but not for the nine months.The current 12-month results include 21 cents a share received from a settlement of a lawsuit with Philadelphia Electric Co.Last year's 12-month figures include an 86-cent-per-share write-off in the value of a joint venture investment and a gain of 25 cents per share from an accounting change.
BUSINESS
January 16, 1993
Income at this central Maryland utility jumped 154 percent in the fourth quarter because of colder weather at the end of the year and a cost-cutting program that reduced expenses by $14 million, according to Bethlehem spokesman Arthur J. Slusark.The previous fourth quarter was also hurt by a $9 million charge stemming from the revaluation of real estate holdings in the company's non-regulated division.The company also announced that former Rep. Beverly B. Byron was elected to its board of directors, effective Feb. 1. She replaces Sister Kathleen Feeley, former president of the College of Notre Dame of Maryland.
BUSINESS
January 15, 1992
Earnings for this Baltimore-based banking company, the parent of Mercantile-Safe Deposit and Trust Co., increased slightly in both the fourth quarter and the full year despite a rise in problem loans that held down earnings growth.With its conservative management and fees from its large trust operation, Mercantile has weathered the downturn in banking and continues to consistently post higher earnings.But, according to Mercantile President Edward K. Dunn, the troubled economy has affected the $5 billion banking company.
BUSINESS
May 27, 1992
PHH reports improved earnings for 4th quarter and yearCiting improvement in its New Jersey-based mortgagbanking operation, PHH Corp. reported improved earnings for its fourth quarter and fiscal year that ended April 30.Although several other sectors of the company's operations were flat during much of the past year, the mortgage-banking subsidiary doubled its portfolio of loans being serviced, the company said.The servicing portfolio, consisting solely of residential mortgages originated by the subsidiary, has reached nearly $8 billion, said Roy Meierhenry, chief financial officer of Hunt Valley-based PHH.PHH US Mortgage makes between 25 to 40 basis points on th face value of its mortgage portfolio each year, Mr. Meierhenry said.
BUSINESS
February 12, 1992
UNC Inc.This Annapolis-based company, which has undergone an extensive restructuring in recent years to emerge as an aviation service concern, reported higher earnings yesterday for both the fourth quarter and the full year that just ended.Net earnings rose 14 percent during the quarter, pushing year-end profits to $6.9 million, 36 percent higher than in 1990.Three months ending 12/31/91.. .. .. .. .. .. .. Revenue.. .. .. .. Net.. .. .. .Share'91.. .. .. .. .. ..96,213,000.. .. .. 2,050,000.
BUSINESS
January 16, 1993
Income at this central Maryland utility jumped 154 percent in the fourth quarter because of colder weather at the end of the year and a cost-cutting program that reduced expenses by $14 million, according to Bethlehem spokesman Arthur J. Slusark.The previous fourth quarter was also hurt by a $9 million charge stemming from the revaluation of real estate holdings in the company's non-regulated division.The company also announced that former Rep. Beverly B. Byron was elected to its board of directors, effective Feb. 1. She replaces Sister Kathleen Feeley, former president of the College of Notre Dame of Maryland.
BUSINESS
January 6, 1993
Microlog Corp.This Germantown-based voice processing systems company said that for the three months that ended Oct. 31, it posted its first quarterly profit since mid-1990."
BUSINESS
October 28, 1992
Delmarva Power & Light Co.This utility, which provides power to the Eastern Shore, reported strong results for the third quarter.However, earnings for core operations in the first nine months dropped to $1.45 a share from $1.56 a share because of milder weather, which reduced air-conditioning use, and the capital costs for expanded capacity.The company provided financial information for the 12 months that ended Sept. 30, but not for the nine months.The current 12-month results include 21 cents a share received from a settlement of a lawsuit with Philadelphia Electric Co.Last year's 12-month figures include an 86-cent-per-share write-off in the value of a joint venture investment and a gain of 25 cents per share from an accounting change.
BUSINESS
May 27, 1992
PHH reports improved earnings for 4th quarter and yearCiting improvement in its New Jersey-based mortgagbanking operation, PHH Corp. reported improved earnings for its fourth quarter and fiscal year that ended April 30.Although several other sectors of the company's operations were flat during much of the past year, the mortgage-banking subsidiary doubled its portfolio of loans being serviced, the company said.The servicing portfolio, consisting solely of residential mortgages originated by the subsidiary, has reached nearly $8 billion, said Roy Meierhenry, chief financial officer of Hunt Valley-based PHH.PHH US Mortgage makes between 25 to 40 basis points on th face value of its mortgage portfolio each year, Mr. Meierhenry said.
BUSINESS
May 27, 1992
PHH Corp.Citing improvement in its New Jersey-based mortgage banking operation, PHH Corp. reported improved earnings for its fourth quarter and fiscal year that ended April 30.Although several other sectors of the company's operations were flat during much of the past year, the mortgage-banking subsidiary doubled its portfolio of loans being serviced, the company said.The servicing portfolio, consisting solely of residential mortgages originated by the subsidiary, has reached nearly $8 billion, said Roy Meierhenry, chief financial officer of Hunt Valley-based PHH.Mr.
BUSINESS
April 16, 1992
Provident BanksharesThis Baltimore-based banking company reported lower income for the three months that ended March 31 compared with the same period a year ago.Earnings for the owner of Provident Bank of Maryland would have been much lower except for a tax benefit of $357,000 during the quarter, compared with a tax benefit of $6,000 a year earlier.Pretax income fell 65 percent, to $342,000 from $975,000 a year ago.Three months ended 3/31/92.. .. .. Income.. .. .. .. .. .. Share'92.. .. .. 606,000.
BUSINESS
April 16, 1992
Provident BanksharesThis Baltimore-based banking company reported lower income for the three months that ended March 31 compared with the same period a year ago.Earnings for the owner of Provident Bank of Maryland would have been much lower except for a tax benefit of $357,000 during the quarter, compared with a tax benefit of $6,000 a year earlier.Pretax income fell 65 percent, to $342,000 from $975,000 a year ago.Three months ended 3/31/92.. .. .. Income.. .. .. .. .. .. Share'92.. .. .. 606,000.
BUSINESS
January 24, 1992
Potomac Electric PowerThis Washington-based utility said profits rose sharply in the fourth quarter and full year, partly as the result of a warmer-than-usual summer and rate increases in Maryland and Washington. The company also benefited from increased earnings in its non-utility divisions, which include leasing satellite communication equipment and leasing and selling aircraft, spokesman Steve Arabia said.Pepco also declared a quarterly dividend of 40 cents a share, an increase of 1 cent over last year's dividend.
BUSINESS
February 13, 1992
Kirschner Medical Corp.This Timonium company, which sells orthopedic and surgical equipment, reported record net income last year of $4.2 million.However, part of the earnings came from the sale of a line of veterinary products and the manufacturing building in Timonium in December.C. Scott Harrison, president and chief executive, said Kirschner exceeded analysts' expectations with earnings of 13 cents a share from continuing operations for the fourth quarter.Three months ending 12/31/91.
BUSINESS
February 12, 1992
UNC Inc.This Annapolis-based company, which has undergone an extensive restructuring in recent years to emerge as an aviation service concern, reported higher earnings yesterday for both the fourth quarter and the full year that just ended.Net earnings rose 14 percent during the quarter, pushing year-end profits to $6.9 million, 36 percent higher than in 1990.Three months ending 12/31/91.. .. .. .. .. .. .. Revenue.. .. .. .. Net.. .. .. .Share'91.. .. .. .. .. ..96,213,000.. .. .. 2,050,000.
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