ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Thursday, April 24, 1997 TAG: 9704240068
SECTION: BUSINESS PAGE: B-3 EDITION: METRO
American Electric Power Co. Inc.
1st ended 3-31 1997 1996
Revenues $1.49 billion $1.52 billion
Net Income $172.6 million $180 million
Share earnings 92 cents 96 cents
Columbus, Ohio-based AEP, the power company serving most of Western Virginia and parent of the former Appalachian Power Co., declared a quarterly dividend of 60 cents per share of common stock, payabale June 10 to shareholders on May 9.
Tower Automotive Inc.
1st ended 3-31 1997 1996
Revenues $125.1 million $68.9 million
Net Income $6.7 million $3.2 million
Share earnings 45 cents 28 cents
The Minneapolis-based designer and manufacturer of components and assemblies for cars and trucks will buy the A.O. Smith Corp. plant in Botetourt County on April 18. The plant will take the Tower Automotive name.
Federal-Mogul Corp.
1st qtr. ended 3-31 1997 1996
Revenues $485.6 million $521.9 million
Net Income $13.9 million $10.6 million
Share earnings 32 cents 23 cents
Federal Mogul is the Southfield, Mich.-based operator of an engine bearings plant in Blacksburg.
WLR Foods Inc.
3rd qtr. ended 3-29 1997 1996
Revenues $222.2 million $216.3 million
Net Income ($9.6 million) ($7.1 million)
Share earnings (56 cents) (40 cents)
9 mos. ended 3-29
Revenues $758.8 million $734.9 million
Net Income ($23.1 million) $2.1 million
Share earnings ($1.32) 12 cents
WLR Foods is a Broadway, Va. processor of chicken and turkey with operations of its Cassco Ice division in Salem.
*Figures in parentheses indicate a loss.
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