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Article: THE MIDLAND COMPANY REPORTS RECORD FOURTH QUARTER EARNINGS
- Article from:
- PR Newswire
- Article date:
- February 9, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CINCINNATI, Feb. 9 /PRNewswire/ -- The Midland Company (AMEX: MLA) today reported net income for the fourth quarter ended December 31, 1994 of $5,244,000, $1.72 per common share, compared to $2,645,000, $.87 per common share, for the fourth quarter of 1993. Revenues for the fourth quarter of 1994 were $86,472,000 compared to $70,848,000 in 1993. Net income for 1994 was $9,419,000, $3.09 per common share, on revenues of $315,915,000. Net income for 1993 before cumulative effect of accounting change was $13,105,000, $4.27 per common share, and net income after cumulative effect of accounting change was $17,972,000, $5.85 per common share, on revenues of $267,667,000. The ...