ALLIED-SIGNAL INC <ALD> 3RD QTR OPER NET
Oper shr 1.02 dlrs vs 82 cts
Oper net 174 mln vs 149 mln
Revs 2.7 billion vs 2.4 billion
Nine mths
Oper shr 2.54 dlrs vs 2.64 dlrs
Oper net 438 mln vs 492 mln
Revs 8.2 billion vs 7.4 billion
NOTE: 1987 3rd qtr and nine mths includes after-tax 82 mln
dlr or 49 cts a share gain for increase in equity of Union
Texas Petroleum Holdings Inc, for initial public offering.
1987 nine mths net includes after-tax gain of 73 mln dlrs
or 42 cts a share on sale of remaining interest in the Henley
Group Inc and other related transactions, which was partly
offset by an after-tax loss of 30 mln dlrs ot 17 cts a share
for repurchase of high coupon bonds.
1987 nine mths also excludes 79 mln dlrs for estimated net
gain on disposal of discontinued operations as of March 31,
1987, including Linotype Group, Amphenol Products, Ampex Corp.
1986 amounts restated to exclude sales and expenses of
discontinued operations.
1986 3rd qtr and nine mths oper net excludes operating
income of 15 mln dlrs and and 44 mln dlrs for discontinued
operations.
1986 nine mths includes a 43 mln dlrs or 24 cts a share
after tax gain for reversion of surplus pension funds.
At end of 1987 and 1986 third quarter, average shares
outstanding were 169.9 mln and 175.4 mln outstanding, after
deducting dividends accured on preferred stock. At end of 1987
and 1986 nine mth period, average shares were 172.5 mln and
175.9, respectively, after deducting for preferred stock
dividends.