Publishers Equipment Corp Ticker: PECN
ADDRESS & PHONE NUMBERS
Publishers Equipment Corp
16660 Dallas Parkway
Suite 1100
Dallas, TX 75248
PHONE: (972) 931-2312
FAX: (972) 931-2399
OFFICERS:
Evans Kostas, Chmn./Pres./CEO
Roger R. Baier, VP-Fin./CFO/Treas.
Direct inquiries to: Evans Kostas, Chmn./Pres./CEO.
TRANSFER AGENT: Keycorp Shareholder Services, Inc.
MARKET MAKERS: HRZG PGON WIEN FRAN MASH USTC ERNS
Company incorporated 1979 in TX.
FY END DEC
EPS $ 0.12
P/E 1.38
Book Value $ 0.72
Price/Book 0.22
52W High $ 0.41
52W Low $ 0.16
Shares Out 5.22 Mil
Float 2.20 Mil
Common no Par, 11/98, 9M auth., 5,220,253 o/s
Insiders own 37%. Koenig & Bauer AG owns 21%.
EMPLOYEES
# Employees 111
Sales/Employee 161,712
PECN markets single-width web offset press to the
newspaper, commercial and semi-commercial printing markets
through its wholly-owned subsidiary, King Press Corp. For
the 9 months ended 9/98, revenues rose 58% to $12M. Net
income totalled $285K vs. a loss of $135K. Revenues
benefited from increased sales to domestic customers due to
improved market conditions. Net income also benefited from
lower S/G/A expenses as a percentage of sales.
HISTORICAL QUARTERLY SUMMARY
REVENUE 1997 1998
1st Qtr MAR 2,456 1,966
2nd Qtr JUN 3,541 4,527
3rd Qtr SEP 1,632 5,529
4th Qtr DEC 5,928
EPS (per share)
1st Qtr MAR 0.020 -0.030
2nd Qtr JUN 0.010 0.040
3rd Qtr SEP -0.060 0.040
4th Qtr DEC 0.061
COMPANY COMPARISON to the MACHINERY and S&P 500 AGGREGATES
VALUATION RATIOS: COMPANY INDUSTRY S&P 500
P/E Ratio 1.38 16.63 29.56
Price to Tangible Book 0.22 6.87 10.60
Price to Book 0.22 3.02 7.22
Price to Free Cash Flow 0.92 27.00 43.61
3 Yr EPS Growth 39.12 19.35 16.90
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