Annual Report 1996 |
Quarterly Financial Data |
Polaroid Corporation and Subsidiary Companies |
(In millions, except per share and stock price data) | |||||
1996 | First |
Second |
Third |
Fourth |
Year |
Net Sales | $461.1 |
$581.6 |
$569.1 |
$663.4 |
$2,275.2 |
Restructuring and other | 110.0 |
- |
- |
- |
110.0 |
Special charges | - |
- |
- |
33.0 |
33.0 |
Profit/(loss) from operations | (105.5) |
56.1 |
65.3 |
35.9 |
51.8 |
Earnings/(loss) before extraordinary item | (60.7) |
28.5 |
34.2 |
13.0 |
15.0 |
Extraordinary item | - |
(54.5) |
- |
(1.6) |
(56.1) |
Net earnings/(loss) | (60.7) |
(26.0) |
34.2 |
11.4 |
(41.1) |
Primary earnings/(loss) per common share | |||||
Earnings/(loss) before extraordinary item | (1.33) |
.63 |
.74 |
.28 |
.32 |
Extraordinary item | (1.20) |
(.03) |
(1.21) |
||
Net earnings/(loss) | (1.33) |
(.57) |
.74 |
.25 |
(.89) |
Fully diluted earnings per common share | * |
* |
.71 |
* |
* |
Cash dividends per common share | .15 |
.15 |
.15 |
.15 |
.60 |
Stock prices** | |||||
High | 48.13 |
47.13 |
45.88 |
45.00 |
48.13 |
Low | 41.13 |
43.00 |
42.00 |
39.38 |
39.38 |
1995 | First |
Second |
Third |
Fourth |
Year |
Net Sales | $409.6 |
$572.5 |
$580.0 |
$674.8 |
$2,236.9 |
Restructuring and other | 77.0 |
- |
- |
170.0 |
247.0 |
Profit/(loss) from operations | (108.6) |
41.1 |
50.3 |
(140.6) |
(157.8) |
Net earnings/(loss) | (75.8) |
22.9 |
23.7 |
(111.0) |
(140.2) |
Primary earnings/(loss) per common share | (1.66) |
.50 |
.51 |
(2.44) |
(3.09) |
Fully diluted earnings per common share | * |
.49 |
.50 |
* |
* |
Cash dividends per common share | .15 |
.15 |
.15 |
.15 |
.60 |
Stock prices** | |||||
High | 35.25 |
43.88 |
44.88 |
49.25 |
49.25 |
Low | 29.00 |
33.00 |
38.88 |
38.75 |
29.00 |
Stockholders of record as of January 31, 1997.......10,742
* Fully diluted earnings per common share are not disclosed because they are greater than primary earnings per common share.
** Recorded on the New York Stock Exchange Composite.