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Article: The Midland Company Reports First Quarter Earnings
- Article from:
- PR Newswire
- Article date:
- April 17, 1997
CopyrightCOPYRIGHT 1997 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, April 17 /PRNewswire/ -- The Midland Company (AMEX: MLA) today reported net income for the first quarter ended March 31, 1997 of $3,091,000, $1.01 per common share, compared to a net loss of ($5,244,000), ($1.70) per common share, for the first quarter of 1996. Revenues for the first quarter of 1997 were $95,087,000 compared to $86,062,000 for the first quarter of 1996.
J. P. Hayden, Jr., Midland's Chairman, stated "The Company's 1997 earnings are improved over the prior year's primarily due to favorable weather patterns during January and February of 1997. However, the severe flooding that affected the Midwestern United States during March of ...