Weekly television digest (Jan-Dec 1963)

12-TELEVISION DIGEST OCTOBER 21, 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 Parentheke* denote lost. Company Period Soles Pre-Tax Earnings Net Earnings Per Common Share Common Shares Allied Artists 1963— year to June 29 $ 18,990,968 $ (2,747,000)1 — 931,608 1962— year to June 29 14,434,872 — (1,580,000) — 931,608 CTS Corp. 1963—9 mo. to Sept. 30 22,882,808 $ 3,453,742 1,762,2742 $1. 19 1,479,508 1962—9 mo. to Sept. 30 20,652,463 3, 191,652 1,595,070 1.08 1,482,003 1963— qtr. to Sept. 30 8,295,297 1,356,728 671,467 .45 1,479,508 1962— qtr. to Sept. 30 6,979, 142 1, 106,461 560,250 .38 1,482,003 Capehart 1963—6 mo. to Sept. 30 2,447,000 — (6, 000) — — 1962—6 mo. to Sept. 30 1,583,000 — (100,400) — — 1963— qtr. to Sept. 30 1,265,000 — 2,400 — — 1962— qtr. to Sept. 30 888,000 — (33,600) — — Collins Radio 1963— year to Aug. 2 250,092,826 7,429,950 3,682, 132 1.65 2,230,080 1962— year to Aug. 2 207,775,637 6,277,373 3,477,000 1.56 2,230,063 Columbia Pictures 1963— year to June 29 — 6,299,000 2,597,000 1.47 1,629,924 1962— year to June 30 — 5,058,000 2,242,0003 1.25 1,629,924 Electro-Voice 1963—6 mo. to Aug. 31 5,542, 188 101,943 56,816 . 11 497,332 1962—6 mo. to Aug. 31 5, 189,047 (10,476) (4,232)'! — 497,332 Fairchild Camera 1963—9 mo. to Sept. 30 85,384,000 1,881,0005 .74 2,535,583 & Instrument 1962—9 mo. to Sept. 30 73,628,000 — 4,236,0006 1.67 2,535,583 1963— qtr. to Sept. 30 28,599,000 — 1,230,0007 .48 2,535,583 1962— qtr. to Sept. 30 24, 142,000 — 1,392,0008 .55 2,535,583 Technicolor 1963—9 mo. to Sept. 30 57,495,448 — 2,444,911 .91 2,655,921 1962—9 mo. to Sept. 30 42,689,527 — 433,8509 . 16 2 , 633,218 Texas Instruments 1963—9 mo. to Sept. 30 196,993,000 16,844,000 8, 179,000 2.04 3,952,711 1962—9 mo. to Sept. 30 175,461,000 11,238,000 5,832,000 1.45 3,948, 161 1963— qtr. to Sept. 30 68,743,00010 5,735,000 2,923,000 .73 3,952,711 1962— qtr. to Sept. 30 55,725,000 2,016,000 1,048,000 .26 3,948, 161 Notes: lAfter $1, 572, 000 in write-offs and year-end adjustments but before $375, 749 provision for additional 1949-1957 taxes claimed by Internal Revenue Service and contested by company. ^After $53, 640 deduction to adjust for devaluation of Canadian dollar. ^Before $415, 000 profit from sale of studios properties. ^After $6, 244 tax credit. Softer $534,000 tax benefit from losses of Allen B. Du Mont Labs prior to merger. ^After $928,000 tax benefit. After $178j 000 tax benefit. ®After $478,000 tax benefit. ^After $604,000 inventory write-downs & reserves against doubtful accounts. lORecord. Waltham Precision Instrument's large -screen TV projection system is just beginning to get off the ground. Pres. Louis R. Ripley reported. He termed its sales potential excellent. Waltham's earnings in 1963's first 8 months slipped to $531,938 from $748,000 in Jan. -Aug. 1962, but outlook is for total 1963 earnings to match 1962's $886, 508. Sales are forecast at $9 million, up from 1962's $7. 6 million. Ripley noted that Waltham expects to acquire an electronics company soon in a cash & stock transaction. Eitel-McCullough expects sales this year to slip from 1962's $29.5 million, but earnings "will exceed" year-ago's $757, 392, Chmn. Jack A. McCullough reported, adding: "Profit margins have turned up and we expect 1964 to show further earnings improvement. Next year we expect sales to rise also and help earnings along." Eitel-McCullough is "quite liquid," he said, but has no plans to issue stock dividends. "We're growing and we need the cash." ClarOBtat Pres. Victor Mucher and brother Vp George J. Mucher have sold their total Clarostat stock for "personal reasons" to investment group headed by N.Y. financier Lewis M. Schott. Mucher s held 9. 5% or 43, 447 of company's 452,945 outstanding shares. Victor Mucher sold 22,411, George 21,036. Clarostat closed at $5 Sept. 24, the day of transfer. Mucher brothers will retain their posts. Pres. Victor said '1 believe what 1 did to be in the best interests of the company," noted that Dover, N.H. resistor and controls manufacturer anticipates reduced sales & earnings this year. Firsthalf report showed loss of $23, 810 on $4. 3 million sales vs. year-earlier profit of $177, 763 on $5. 2 mUlion. Philips Lamp expects 1963 sales to jump "at least ll%"above 1962's$l. 536 billion, push profits 5-6% ahead of year-ago's $92. 4 million. Vp W. A, de Jonge forecast 8-9% sales increase next year, noted that 1964 earnings would be affected by approximate 8% rise in wages. Some 35% of company's stock is held in U. S.