Insilco Corporation Reports Strong Financial Performance in 1994

Strategic Insights -

Insilco Corporation, a diversified manufacturer of industrial components and marketer of office and specialty publishing products, has announced a significant improvement in its financial performance in 1994. The company's Adjusted Net Income from Continuing Operations nearly doubled to $26.4 million, compared to $11.7 million in 1993. This increase is attributed to a 24% rise in Adjusted Operating Income to $59.5 million and a 5% growth in Revenues from Continuing Operations to $543.6 million.

Key Takeaways:

  • Insilco Corporation's Adjusted Net Income from Continuing Operations increased by 124% to $26.4 million in 1994, compared to $11.7 million in 1993.
  • Adjusted Operating Income rose by 24% to $59.5 million, with an operating margin of 10.9% for the year.
  • Revenues from Continuing Operations grew by 5% to $543.6 million, driven by strong sales from Rolodex, Stewart Connector Systems, and Signal Transformer.
  • The company's long-term debt was reduced by $109 million, from $307 million to $198 million, resulting in lower interest expense and improved cash flow.
  • Insilco's CEO, Robert L. Smialek, attributed the company's success to its focus on productivity, the growth of new electronic organizer products at Rolodex, and the continued rapid growth at Stewart Connector Systems.

Statistics:

  • Adjusted Net Income from Continuing Operations: $26.4 million (1994) vs. $11.7 million (1993)
  • Adjusted Operating Income: $59.5 million (1994) vs. $48.0 million (1993)
  • Revenues from Continuing Operations: $543.6 million (1994) vs. $512.5 million (1993)
  • Long-term debt: $198 million (1994) vs. $307 million (1993)
  • Cash flow from operating activities: $34.3 million (1994) vs. $36.2 million (1993)
  • Debt reduction: $109 million (1994)

Sources:

  • "Insilco Corporation Reports Strong Financial Performance in 1994" (PRNewswire, February 7, 1995)
  • Insilco Corporation financial statements (1994)