The Bendix Corp., of Southfield, Mich., said its profits rose 13 per cent for the fiscal year ended Sept. 30 to $118 million ($5.29 a share) compared with $105 million ($4.74) in the previous year.
Revenues rose 11 per cent to a record $3.3 billion from $2.9 billion.
Chairman William Agee said Bendix's three major divisions - automotive, aerospace-electronics and shelter - had record profits for fiscal 1977 - but there was "significant profit deterioration" at DBA in France, Bendix's largest automotive foreign subsidiary.
Rockwell International said its fourth quarter profits increased more than 14 per cent to $41.6 million ($1.21 a share) from $36 million with $1.39 billion.
The company said the fourth quarter 1976 results have been restated to reflect the adoption of the Financial Accounting Board's statement on foreign currency translation.
Walt Disney Productions reported its 10 straight fiscal year of higher net income and revenues, with an increase in fourth quarter profit rose 21 per cent from a year earlier.
Disney president E. Cardon Walker said fourth quarter net income increased to $32 million ($1 a share) from $26.5 million (84 cents) in the quarter a year earlier. Revenues rose 14 per cent over last year's fourth quarter to $205.2 million from $180 million.
Earnings for the year ended Sept. 30 increased 10 per cent to $81.9 million ($2.57 a share) from $74.6 million ($2.34). Revenues increased 8 per cent to $629.8 million from $583.9 million.
Increased attendance, increased per capita a spending effective cost controls in the company's theme parks were the primary reasons for the excellent performance in the fourth quarter, Walker said.
Attendance at Disneyland in California was a record 10.7 million during fiscal 1977, Walker said, an increase of 4.5 per cent over the prior year. Fourth quarter attendance was up 11 per cent, the company said, to a record 4.1 million.
Attendance at Walt Disney World in Florida during fiscal 1977 was 13.1 million, Walker said, a decline of 0.4 per cent. He said cold weather last January and February hurt attendance but noted that for the fourth quarter, attendance at the Florida park increased 7.4 per cent to at record 4.2 million.
Worldwide film rentals declined one per cent to $118.1 million during the fiscal year, the company said, although rentals were up 13 per cent to $38 million during the fourth quarter. Walker said the company's two major summer film releases, "The Rescuers" and "Herbie Goes to Monte Carlo," were both doing well.
Revenues from the consumer products division were up 12 per cent to $97.2 million during fiscal 1977, the company said, with net income up 21 per cent to $35.8 million.