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12— TELEVISION DIGEST
MABCH 4. 1963
Financial Reports of TV-Electronics Companies
These are latest reports as obtained dnrinir the last week. Dash tadleatee the lafemation was net arafiaMe at press time. Parentheses denote less.
Company
Paiiod
Sales
Pre-Ta
Earaiogs
Net Eanmgs
Per
Ceamsa
Share
Ceamei
Shares
Adler Electronics
1962 — 6 mo. to Dec. 31
$ 10,856,000
$ 280,000
$ .42
667,680
1961 — 6 mo. to Dec. 31
4,700,000
121,000
.18
Andrea Radio
1962 — year to Dec. 31
5,760,965
318,079
1.25
254,136
1961 — year to Dec. 31
6,769,547
360,245
1.42
254,136
Arvin Industries
1962 — year to Dec. 31
95,343,000
3,.582,000
3.02
1,186,270
1961 — year to Dec. 31
73,701,000
2,432,000
2.05
1,137,609
1962 — qtr. to Dec. 31
31,802,000’
1,834,000’
1.55
1,186,270
1961 — qtr. to Dec. 31
22,843,000
1,251,000
1.05
1,137,609
Capital Cities Bcstg.
1962 — year to Dec. 31
17,825,467
1,576,320
1.33
1,184,411
1961 — year to Dec. 31
11,803,781
1,088,197
.92
1,184,411
Clevite
1962 — year to Dec. 31
101,175,033’
$ 12,782,236
6,562,236
3.38’
1,900,000
1961 — year to Dec. 31
91,874,140
10,020,689
5,142,689
2.63’
1,893,000
Emerson Radio
1963 — 13 wks. to Feb. 2
907,091
435,291’*
.19
2,278,797
Story on p.l 1
1962 — 13 wks. to Feb. 3
679,507
.30
2',278,797
Globe-Union
1962 — year to Dec. 31
69,440,000
2,024,000‘
1.54*
1,316,823
1961 — year to Dec. 31
62,518,783
2,592,505’’
1.96*
864,451
Herald-Traveler
1962 — year to Dec. 31
34,822,277
1,572,577
3.33
472,397
(WHDH-TV Boston)
1961 — year to Dec. 31
34,706,976
1,657,658
3.68
449,901
Metromedia
1962 — year to Dec. 31
53,069,751
2,489,639’.’*
1.40’
1,707,682
1961 — year to Dec. 31
48,653,186
1,164,267
.67=
1,707,057
1962 — qtr. to Dec. 31
14,869,485
1,196,948’*
.68’
1,707,682
1961 — qtr. to Dec. 31
14,110,634
761,989
.43*
1,707,057
Microwave Associates
1962 — qtr. to Dec. 29
2,419,000
(135,700)
(63,400)*
—
1,017,700
1961 — qtr. to Dec. 29
2,938,000
280,000
118,200
.12
1,010,800
Minnesota Mining & Mfg.
1962 — year to Dec. 31
687,085,773’
165,690,090
83,690,090’
1.61
52,565,117
1961 — year to Dec. 31
613,896,221
143,821,837
75,171,837
1.45
52,217,816
Oak Mfg.
1962 — year to Dec. 31
30,591,623
1,791,031
907,031’
1.32
687,074
1961 — year to Dec. 31
23,017,077
1,182,662
557,662
.85
655,794
1962— qtr. to Dec. 31’
8,100,000
268,000
.39
687,074
1961 — qtr. to Dec. 31
6,399,179
251,785
.39
655,794
RCA
1962 — year to Dec. 31
1,751,646,000'
107,935,000
51,535,000’.”
2.84’
17,023,000
Story on p.l 1
1961 — year to Dec. 31
1,545,912,000
64,911,000
35,511,000
1.95’
16,628,000
1962— qtr. to Dec. 31
486,173,000
38,057,000
17,257,000”
.96’
17,023,000
1961 — qtr. to Dec. 31
455,849,000
20,623,000
11,723,000
.66’
16,628,000
Rollins Bcstg.
1963 — 9 mo. to Jan. 31
5,915,663
436,419
.46
957,001
1962 — 9 mo. to Jan. 31
4,661,990
356,186
.37
955,183
Storer Bcstg.
1962 — year to Dec. 31
13,186,654
6,353.326=
2.61’
2,438,784
1961 — year to Dec. 31
9,848,333
4,453,681
1.80
2,473,917
1962 — qtr. to Dec. 31
—
1,853,407
.76
2,438,784
1961 — qtr. to Dec. 31
—
1,718,597
.70
2,473,917
Technicolor
1962 — year to Dec. 29
57,927,893
149,969’
.06
2,640,478
1961 — year to Dec. 29
55,026,550
1,744,963*
.67
2,623.218
Thompson Ramo
1962 — year to Dec. 31
460,314,000’
25,204,000
12,454,000
3.25
3,738.231
Wooldridge
1961 — year to Dec. 31
409,077,000
12,668,206
6,459,206
1.71
3,588,464
Zenith
1962 — year to Dec. 31
312,212,334’
40,937,068
19,637.068’
2.16
9,104,029
Story on p.l 1
1961 — year to Dec. 31
274,167,987
38,354,788
18,014,788
1.99
9,031,542
Notes : ^ Record. ® After preferred dividends. ® After $604»000 Ic^ from inventory write-downs & non-recurring charges. ■* Includes non-recurring income of $265,315. ^ Includes net gain of $911,459 from sale of radio WWVA Wheeling. W.Va. in Jan. 1962. After $72,300 tax credit. " Indicated. ^ Includes non-operating gain equal to 10^ a share. ® Includes
non-operating gain equal to 534?. Before credits totaling $2 million ($1.17) from disposition of certain assets. Before net capital gain of $6,960,000 (41^) from sale of 991,816 Whirlpool common shares. “Before “substantial gain** from sale of 86<^-owned Emertron subsidiary to Litton Industries.
Common Stock Dividends
Corporation
Period
Amt.
Payable
Stk. of Record
Amphenol-Borg Elec.
Q
$0.20
Mar. 29
Mar. 15
Bendix
Q
.60
Mar. 30
Mar. 8
Globe-Union
Q
.22
Mar. 15
Mar. 8
Rollins Bcstg.
Q
.10
Apr. 25
Mar. 25
RCA
Q
.35
Apr. 29
Mar. 18
Time Inc.
Q
.75
Mar. 11
Feb. 28
Wells-Gardner Elec.
Q
.30
Mar. 15
Mar. 8
Boston Herald-Traveler’s revenue from broadcasting increased in 1962 to nearly $9.5 million from 1961’s approximate $9 million (see financial table). Declines in newspaper circulation & advertising, however, coupled with increased expenses, dropped earnings to $1.6 million from $1.7 million in 1961.
Reports & comments: AB-PT, CBS & Metromedia, comments, Ross & Hirsch, 120 Broadway, N.Y. 5 • United Artists, memo, Bache & Co., 36 Wall St., N.Y. 5 • RC.A, comment, E. F. Hutton & Co., 61 Broadway, N.Y. 6.