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12-TELEVISION DIGEST
AUGUST 12, 1963
These are latest reports
Financial Reports of TV-Electronics Companies
as obtained during the last week. Dash indicates the information was not available at press time
Parentheses denote loss.
Company
Period
Sales
Pre-Tax
Earnings
Net Earnings
Per
Common
Share
Common
Shares
Admiral
1963—6 mo. to June 30
$100,418,045
$3,006,922
$1,463, 295
$0.60
2,423,561
1962—6 mo. to June 30
94, 740, 193
2,590,784
858,058
.35
2,417,461
1963— qtr. to June 30
50,510,359
1,446, 109
678,750
.28
2,423,561
1962— qtr. to June 30
46,430,284
1,233,337
348, 101
. 14
2,417,461
Andrea Radio
1963—6 mo. to June 30
2, 156, 576
—
(2, 904)
—
254, 136
1962—6 mo. to June 30
2, 733,058
—
149,711
.59
254, 136
1963— qtr. to June 30
1, 212,082
—
3,304
.01
254, 136
1962— qtr. to June 30
1,277,746
—
62, 526
.25
254, 136
American
1963—6 mo. to June 30
5,741,713
—
189, 192^
. 16^
1, 177,842
Electronics
1962—6 mo. to June 30
4,603,307
—
(354,4511
1, 177,842
1963— qtr. to June 30
3,003, 253
—
64, 926^
.06^
1, 177,842
1962— qtr. to June 30
1,950, 510
—
3,771
—
1,177,842
Audio Devices
1963—6 mo. to June 30
4,004,450^
469, 605
242,605
.28
868, 371
1962—6 mo. to June 30
4,070, 103
446, 196
223, 196
.26
844, 526
Lear Slegler
1963— year to June 30
193,072,259
7,555,898
4,750, 574
1. 20^
3,894, 293
1962— year to June 30
190,782,798
12,384,015
6, 005, 006
1.51^^
3,918,023
Macfadden
1963—6 mo. to June 30
12,083,250
—
627,007
.39
Bartell
1962—6 mo. to June 30
11, 229,928
—
(393,629)
—
—
National Union
1963—6 mo. to June 30
18,560,975
1,095,411
526,411
.09
5,547,000
1962—6 mo. to June 30
18,478,849
1, 143,301
545,801
.09
5,747,479
Sonotone
1963—6 mo. to June 30
11,064,434
—
105,412
.08^
1,224,491
1962—6 mo. to June 30
10, 527, 606
—
150, 895
.12^
1, 220, 430
TelePrompTer
1963—6 mo. to June 30
2,715,040
69,224
69, 224^
.09
—
1962—6 mo. to June iO
2, 268, 540
—
6
—
1963— qtr. to June 30”
1,472,045
—
149,911
.20
—
Tung-Sol
1963—26 wks. to June 29
28,921,715
285, 609
137, 609'^
.033
926,826
1962—26 wks. to Jime 30
35,567,514
1,534,635
713,635
.65^
926, 826
1 2 Notes: After reserve $50, 000 (4^ a share^ against losses on an investment. Second quarter s^^es $2.1 million,
10% above last year. "^After pfd. dividend. ^Adjusted to reflect 3% stock dividend in fiscal '63. ^Includes special
credit from sale of property. ”1962 results unavailable. ‘Before non-recurring costs of approximately $70, 000.
Common Stock Dividends
Corporation
Period
Amt.
Payable
Record
I-T-E Circuit
Lear Siegler. . . .
• Q
$0.10 Sept. 3
Aug. 16
Lear Siegler. . . .
. —
3%
Sept. 17
Aug. 16
Litton Industries
. Ann.
2^% Nov. 1
Oct. 18
Storer Bcstg. . .
• Q
.45
Sept. 9
Aug. 23
Storer Bcstg. 'B'
• Q
.121
Sept. 9
Aug. 23
Thompson Ramo
Wooldridge . .
• Q
.35
Sept. 15
Aug. 23
United Artists . .
. Semi.
2^ Oct. 29
Sept. 13
Granco Products, operating under Chapter 11 bankruptcy petition (Vol. 3:18 p 12), has filed 10% plan under which unsecured creditors would receive lump payment of 10% of their claims one year from date of confirmation, Plan reportedly has approval of creditors' committee. Next hearing: Aug. 15at2p. m*. ' before Referee Sherman D. Warner in Jamaica, N. Y.
Admiral sales for 2nd quarter were highest since 1953, and sales & earnings were above 1962 for both quarter and first half (see financial table). Pres. Vincent Barreca said civilian business registered 15% gain in quarter, while govt, sales decreased. He said distributor s^es of Admiral color TV in first half were more than double last year's figure, accompanied by gains in b&w. He added that optimism for 2nd half by distributors & dealers is far greater than at any time in recent years.
Owens Illinois Glass Co. reported 4% sales gain and
I. 5% decline in profits during first half, compared with last year. In commenting on company's operations, Chmn.
J. P. Levis said: "TV bulb sales rose substantially as our new Kimcode system continued to increase in popularity with TV set makers."
Trans-Lux Corp. reports net income of $343,092 (48(5 a share) for 6 months ended Jime 30, compared ^inth $358,795 (50(5) for same 1962 period.