Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.wpost From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: BDM Holdings Earns $2 Million in Quarter Date: Fri, 6 Nov 92 05:06:14 EST Message-ID: <14.1992Nov6.050614@AmeriCast.com> BDM Holdings Earns $2 Million in Quarter BDM Holdings Inc., a McLean technical services firm, reported a profit of $2 million in the third quarter, compared with a loss of $2.5 million in the same period last year. BDM is a private company, owned partially by its employees, that reports its results as if it were a public company. In 1990, Ford Aerospace, which had owned the company for two years, spun it off to a group of investors led by the Washington investment banking firm Carlyle Group. The loss in last year's third quarter was caused by accounting adjustments related to the spinoff. The company said that its acquisition earlier this year of Vinnell Corp., a similar firm, helped its results, pumping revenue up 72 percent, to $122 million from $71.1 million in the year-earlier quarter. The company also said it has paid off three years ahead of schedule $72 million in bank loans taken on at the time of the 1990 spinoff. For the first nine months, profit was $5.9 million, compared with a $1.2 million loss in the same period last year. Revenue was $308.6 million, up 43 percent from $215.7 million. Survival Technology Inc. of Rockville reported a profit of $1.7 million (56 cents per share) for the year ended July 31, down 43 percent from $3 million (99 cents) the year before, when the Persian Gulf War bolstered the company's sales. Survival Technology makes medical products, including syringes that would have allowed soldiers in the Gulf to inject themselves with nerve gas antidotes. The company's revenue for the year was $40.9 million, down 12 percent from $46.7 million. For the year's final quarter, the company earned $583,100 (19 cents), up 26 percent from $462,800 (15 cents) in the same period last year. Revenue was $11.2 million, up 4 percent from $10.8 million. Crop Genetics International, a Hanover, Md., biotech- nology company, said it lost $1.31 million in the third quarter, compared with a $2.83 million loss in the same period last year. Revenue for the quarter was $1.6 million, down 13 percent from $1.84 million in the year-earlier quarter. In the first nine months of the year, the company lost $4.26 million, compared with a loss of $5.71 million in the same period last year. Revenue was $3.01 million, up 5 percent from $2.86 million.<02:11 11-06C9999----- Copyright 1992, The Washington Post. This story is from the Washington Post's Capitol Edition On-Line and is not to be ar- chived or redistributed. For more information, send-email to American Cybercasting Cor- poration (usa@AmeriCast.COM)