ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Thursday, October 24, 1996 TAG: 9610240040
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
American Electric Power Co.
3rd qtr. ended 9-30 1996 1995
Revenues $1.48 billion $1.52 billion
Net Income $162.3 million $154.2 million
Share earnings 87 cents 83 cents
9 mos. ended 9-30
Revenues $4.4 billion $4.24 billion
Net Income $455 million $398.5 million
Share earnings $2.43 $2.15
The Columbus, Ohio, utility, parent of the former Appalachian Power Co., supplies electricity to customers in Southwest Virginia.
Coca-Cola Bottling Co.
Consolidated
3rd qtr. ended 9-30 1996 1995
Revenues $204.6 million $203.5 million
Net Income $6.5 million $4.6 million
Share earnings 70 cents 50 cents
9 months ended 9-30
Revenues $590.1 million $582.4 million
Net Income $17.0 million $14.6 million
Share earnings $1.83 $1.58
Coca-Cola Bottling Co. Consolidated of Charlotte, N.C., operates a bottling plant in Roanoke.
Cooper Industries Inc.
3rd qtr. ended 9-30 1996 1995
Revenues $1.32 billion $1.19 billion
Net Income $77.3 million $69.3 million
Share earnings 68 cents 62 cents
9 mos. ended 9-30
Revenues $3.98 billion $3.57 billion
Net Income $227.7 milion $20.8 milion
Share earnings $2.12 18 cents
Cooper, Houston parent of the Crouse-Hinds electrical products plant in Roanoke, reduced its nine-months earnings by $186.6 million for discontinued operations.
DuPont Co.
3rd qtr. ended 9-30 1996 1995
Revenues $10.49 billion $10.2 billion
Net Income $898 million $769 million
Share earnings $1.60 $1.38
9 mos. ended 9-30
Revenues $32.4 billion $31.78 billion
Net Income $2.78 billion $2.67 billion
Share earnings $4.95 $4.47
The Wilmington, Del.-based chemicals maker operates a nylon plant in Henry County.
Sara Lee Corp.
1st qtr. ended 9-28 1997 1996
Revenues $4.9 billion $4.7 billion
Net Income $206 million $186 milion
Share earnings 41 cents 37 cents
Sara Lee is the Chicago-based operator of the PYA/Monarch distribution center in Salem, a soon-to-close L'eggs products distribution center in Salem and a garment distribution facility in Martinsville.
Scott & Stringfellow
Financial Inc.
1st qtr. ended 9-30 1996 1995
Revenues $17.9 million $17.6 million
Net Income $856,000 $1.2 million
Share earnings 42 cents 57 cents
Scott & Stringfellow Financial Inc. of Richmond is the parent of Scott & Stringfellow Inc., a brokerage firm with an office in Roanoke. The company said the main reason for the decline in earnings was a 32 percent decrease in investment banking fees.
WLR Foods Inc.
1st qtr. ended 9-28 1996 1995
Revenues $272.1 million $250.8 million
Net Income ($8.1 million) $4.3 million
Share earnings (46 cents) 25 cents
WLR Foods Inc. of Broadway attributed its first-quarter loss to high grain costs and weak poultry pricing. The company said recent drops in corn and soybean meal came too late to reduce product costs. Turkey prices have been especially weak because of abundant supplies from increased industry production and because of competing meats.
*Figures in parentheses indicate a loss.
LENGTH: Medium: 94 linesby CNB