ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Friday, April 25, 1997 TAG: 9704250062
SECTION: BUSINESS PAGE: A-11 EDITION: METRO
Coastal Corp.
1st qtr. ended 3-31 1997 1996
Revenues $3.21 billion $3.10 billion
Net Income $10.6 million $82.5 million
Share earnings 6 cents 74 cents
Coastal Corp., Houston parent of ANR Coal Co. and Coastal Coal Sales Co. of Roanoke, said first-quarter results include a one-time charge of $90.6 million, or 85 cents per share, related to the refinancing of $798 million of debt.
CSX Corp.
1st qtr. ended 3-31 1997 1996
Revenues $2.57 billion $2.51 billion
Net Income $151 million $146 million
Share earnings 70 cents 69 cents
CSX is a RIchmond-based transportation and real estate company with railroad operations in Western Virginia.
DuPont Co.
1st ended 3-31 1997 1996
Revenues $11.2 billion $10.8 billion
Net Income $1.02 billion $879 million
Share earnings $1.80 $1.57
The Wilmington, Del.-based chemicals maker operates a nylon plant in Henry County.
Premier Bankshares Corp.
1st qtr. ended 3-31 1997 1996
Net interest income $8.33 million $7.48 million
Net Income $2.4 million $2.5 million
Share earnings 37 cents 38 cents
Premier Bankshares Corp., based at Bluefield, Va., said its earnings declined because of one-time expenses for the exercise of stock options by officers and directors and for a loss on the sale of former bank premises.
Sara Lee Corp.
3rd ended 3-29 1997 1996
Revenues $4.65 billion $4.44 billion
Net Income $206 million $188 million
Share earnings 41 cents 37 cents
9 mos. ended 3-29
Revenues $14.8 billion $14 billion
Net Income $729 million $657 million
Share earnings $1.46 $1.37
Chicago-based Sara Lee operates PYA/Monarch distribution centers in Salem.
Sears, Roebuck & Co.
1st qtr. ended 3-29 1997 1996
Revenues $8.76 billion $8.00 billion
Net Income $182 million $151 million
Share earnings 46 cents 36 cents
Sears is a Chicago-based retailer with department stores in Southwest Virginia.
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.
Tultex Corp.
1st ended 4-15 1997 1996
Revenues $99.6 million $95.3 million
Net Income ($4.2 million) ($5.5 million)
Share earnings (15 cents) (19 cents)
The Martinsville company is a maker and marketer of activewear, licensed sports apparel and private-label products.
Uni-Marts Inc.
2nd qtr. ended 4-3 1997 1996
Revenues $81.4 million $76.6 million
Net Income ($1.0 million) $254,300
Share earnings (15 cents) 4 cents
6 mos. ended 4-3
Revenues $170.8 million $160.7 million
Net Income ($966,600) $1.7 million
Share earnings (15 cents) 26 cents
Uni-Marts, based in State College, Pa., operates convenience stores in Southwest Virginia. Because of its second-quarter and first-half losses, the company has suspended the regular quarterly dividend for the quarter ending July 3. The dividend will be considered for reinstatement upon the company's return to profitability.
US Airways Group Inc.
1st qtr. ended 3-31 1997 1996
Revenues $2.10 billion $1.87 billion
Net Income $152.7 million ($32.3 million)
Share earnings $1.45 (86 cents)
USAirways Group is the Arlington-based carrier operating at Roanoke Regional Airport.
*Figures in parentheses indicate a loss.
LENGTH: Long : 109 linesby CNB