Angelica Corporation (GL) Tops Q1 EPS by 1c
Angelica Corporation (NYSE: GL) reported Q1 EPS of $1.73, $0.01 better than the analyst estimate of $1.72. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.16 billion.
HIGHLIGHTS:
- Net income as an ROE was 9.6%. Net operating income as an ROE excluding net unrealized gains on fixed maturities was 14.1%.
- Life underwriting margin at the American Income Life Division increased over the year-ago quarter by 7%. Health underwriting margin at the Family Heritage Division increased over the year-ago quarter by 11%.
- Life premiums increased over the year-ago quarter by 7% at the American Income Life Division. Health premiums increased over the year-ago quarter by 8% at the Family Heritage Division.
- Life net sales at the American Income Life Division increased over the year-ago quarter by 9%.
- Total health net sales increased over the year-ago quarter by 9%.
- 1.6 million shares of Globe Life Inc. common stock were repurchased during the quarter
For earnings history and earnings-related data on Angelica Corporation (GL) click here.
