Weekly television digest (Jan-Dec 1963)

12— TELEVISION DIGEST MAY 6, 1963 Financial Reports of TV-Electronics Companies These are latest reports as obtaineil durinir the last week. Dash indicates the information was not available at press time. Parentheses denote loss. Company Period Crowell-Collier Eitel-McCullough 1963 — qtr. to .Mar. 31 $ 1962 — qtr. to Mar. 31 196.3 — qtr. to Mar. 31 Four Star TV Story on p. 11 General Bronze Giannini Scientific International Resistance Lear Siegler Ling-Temco-Vought 1962=^ 1962 — 26 wks. to Dec. 29 1961 — 26 wks. to Dec. 29 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1962 — year to Dec. 31 1961 — year to Dec. 31 1963 — 15 wks. to .\pr. 14 1962 — 15 wks. to Apr. 14 196.3— 9 mo. to Mar. 31 1962* 196.3— qtr. to Mar. 31 1962* 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 Oak Mfg. Packard Bell Pentron Electronics Sonotone Trans-Lux 196.3— qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963— 6 mo. to Mar. 31 1962 — 6 mo. to Mar. 31 1963— qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963— 9 mo. to Mar. 31 1962—9 mo. to Mar. 31 196.3 — qtr. to Mar. 31 1962— qtr. to Mar. 31 1963— qtr. to Mar. 31 1962— qtr. to Mar. 31 1963— qtr. to Mar. 31 1962 — qtr. to Mar. 31 Sales 21,810,066 16,989,671 6,580,000 4,114,822 S 3,518,297 12,108,.538 4,620,338 8,588,476'* 8,391,400 147,591,261 49,548,289 79.242.000 82.347.000 9,345,3.33 7,415,802 27.553.000 23,776,196 13.278.000 11,730,615 7,811,156 7,542,604 2,891,709 2,815,521 5,833,100 5,088,321 Pre-Tax Earnings Per Net Earnings Common Share Common Shares 162,639 226369 151,000 $0.05 ^ .08 3,256,552 3,091,886 1,842,288 (172,220) 9,457 922,089 1,480,596 187,111 367,461 (172,220) 9,457 272,180 157,312 452,089 680,896 6,401,383 3,937,778 .31 600,000 .60 600,000 — I 391,820 .02 i 391,820 .46 : .397,871 .42 397,871 .31 1,462,209 .46 , 1,433,388 1.00 3,911,168 1,431,725 1,024,722 2.697.000 2.223.000 502,685 569,463 791.000 661,895 247.000 186,751 1.672.000 2323.000 240,685 276,013 752.000 661,895 229.000 186,751 133,384 364,55:1 93,112 201,459 509,746 142,718 192,920 .26 3,911.168 .60 ; 2,783.821 30__ 2,781,832 ..35 1 667.074 .42 i 655.794 .88 854,043 .78 854,043 .27 854,04.3 .22 ; 854,043 .05 ^532,644 .15 2,441,037 .04 2,532,644 .08 2,441,037 .09* 1,224,271 .03* 1,169,137 .20 723,037 .26 723,037 Notes: ^ Unavailable because of .Iune-1962 merKer of Lear & Siegler. ‘Before $100,000 provision. * Mter preferred dividends. ‘Not available. “ Before $300,000 provision for anticipated loss on obsolete inventories. quarterly earnings heretofore not released. • Record. Common Slock Dividends Corporation Period Amt. Payable Stk.of Record Allied Radio Q $0.08 May 26 May 14 Avnet Electronics .. Q .10 May 22 May 8 Gen. Tire & Rubber .. Q .10 May 31 May 17 P. R. Mallory .. Q .35 June 10 May 10 Magnavox .. Q .17% June 15 May 24 Oak Mfg .. Q .07% June 14 May 31 TV-Electronics Fund .. — .03 May 31 May 3 Thomp. Ramo Woold. .. Q .35 June 15 May 24 Granco Products Inc., manufacturer of FM radios & tuners and hi-fi equipment, is operating under Chapter XI bankruptcy petition, filed in Brooklyn. It will continue to operate under Pres. Henry Fogel as debtor in possession. Liabilities were listed at $640,543, assets $362,982. Fogel told us that company’s inability to collect insurance claim on $335,000 fire in Dec. 1959 was most important contributing factor. Early this year, Fogel bought from Emerson Radio 150,000 shares of Granco stock which Emerson had purchased in 1961 (Vol. 3:4 pl3). Emerson is biggest creditor, claiming $232,500. Reeves Bestg. & Development’s TV stations increased j revenues by average 20% in 1962 over 1961, Pres. J. Drayton Hastie noted in annual report. Studio Div. revenues * jumped nearly 38%. (For 1962-vs.-1961 corporate report, see Vol. 3:12 pl2.) Balance sheet at year’s end showed total current assets of $1,573,084 (including $272,618 cash & $687,429 accounts and notes receivable) vs. current liabilities of $1,440,009. Current assets at end of 1961 totaled $1,571,125 (including $333,996 cash & $547,797 | accounts and notes receivable) vs. current liabilities of i $1,279,176. i Sylvania’s “over-all picture” has made GT&E “very i enthusiastic,” Chmn. Donald C. Power noted in reporting * parent company’s record first quarter (Vol. 3:16 pl2). I “Sylvania has turned around its operations very effectively & is doing an excellent job in bringing further increases 1 in sales & earnings. Many important new efficiencies have i been achieved,” he said. i j Howard M . Sams & Co. will be honored May 16 as j “Great Hoosier Company of the Year” by Sons of Indiana ' in N.Y. at annual dinner at Sheraton-East Hotel, N.Y. , Chmn. Howard W. Sams will make acceptance talk. |