Landmark Graphics Corp. Reports Record Revenues in Second Quarter 1995

Strategic Insights -

Landmark Graphics Corp. announced significant financial results for the second quarter of 1995, showcasing a 15% increase in revenues over the prior year period. The company reported net earnings of $5.6 million, or $0.34 per share, compared to $5.0 million, or $0.32 per share, in the second quarter of 1994. The impressive revenue growth was driven by software sales, the company's highest-margin segment, and international sales, which accounted for 59% of the second quarter revenues.

Key Takeaways:

  • Landmark Graphics Corp. reported record revenues of $43.4 million for the quarter ended December 31, 1994, marking a 15% increase over the prior year period.
  • The company's net earnings for the second quarter of 1995 were $5.6 million, or $0.34 per share, compared to $5.0 million, or $0.32 per share, in the second quarter of 1994.
  • International sales represented 59% of the second quarter revenues, with orders of over $1 million shipped to repeat customers, including Hungary's MOL and Shell Nigeria.
  • The company finalized a significant contract with Russia's Gazprom, one of the world's largest natural gas companies, which is expected to be included in the third quarter's results.
  • President and CEO Robert P. Peebler attributed the strong growth to the company's reputation for providing integrated solutions and its increasing acceptance in emerging markets.
  • Despite weak gas prices, sales to U.S. customers increased to record levels due to year-end spending programs.
  • The company is anticipating continued sales growth under the leadership of Henry (Hank) Holland, who is joining Landmark as President of the newly created Integrated Solutions division.
  • Landmark Graphics Corp. is a leading provider of geoscience information systems, software, and services, with offices in 22 countries and installed systems in over 75 countries.

Statistics:

  • 15% increase in revenues over the prior year period
  • $5.6 million in net earnings for the second quarter of 1995, or $0.34 per share
  • 59% of second quarter revenues from international sales
  • $1 million+ orders shipped to repeat customers, including Hungary's MOL and Shell Nigeria
  • 22 countries with Landmark office locations
  • Over 75 countries with Landmark installed systems

Sources:

  • Business Wire, January 23, 1995
  • Landmark Graphics Corporation's second-quarter 1995 earnings release