61: FEDERAL REALTY INVESTMENT TRUST 5454 Wisconsin Ave. Chevy Chase, Md. 20815
REVENUE: $27.3 million PROFITS: $10.3 million EARNINGS PER SHARE: $1.55 DIVIDEND: $1.33 ASSETS: $133.9 million STOCKHOLDERS' EQUITY: $70.6 million RETURN ON EQUITY: 17.8 percent (est.) EXCHANGE: NYSE EMPLOYES: 14 TOP EXECUTIVES: Steven J. Guttman, president and chief executive officer FOUNDED: 1962
DESCRIPTION: Federal Realty is an equity real estate investment firm that concentrates on upgrading older shopping centers in prime locations. It owns properties in Virginia, Maryland, Pennsylvania, North Carolina, Illinois, Louisiana, New Jersey and Michigan.
DEVELOPMENTS: The trust sold the 113-unit Broadfalls Apartments in Falls Church for $3.85 million last year, making a $3 million profit on the deal. The gain contributed to the highest profit in the trust's history, $10.3 million, a gain of 29 percent over 1983. Federal REIT now operates 24 shopping centers, including two recent acquisitions in suburban Philadelphia, and real estate assets total $123.8 million -- three times their level of three years ago.
Renovation was almost completed on Wildwood Manor in Bethesda, transforming it from a neighborhood strip center to an upscale, fashion-oriented mini-mall. Sutton Place Gourmet's second area store anchors the Wildwood center. 62: COMPUTER ENTRY SYSTEMS CORP. 2141 Industrial Pkwy. Silver Spring, Md. 20904
REVENUE: $26.8 million PROFITS: $1.4 million EARNINGS PER SHARE: 36 cents DIVIDEND: None ASSETS: $20 million STOCKHOLDERS' EQUITY: $10.5 million RETURN ON EQUITY: 14.8 percent EXCHANGE: OTC EMPLOYES: 375 TOP EXECUTIVES: Brian T. Cunningham, chairman and chief executive officer; Michael J. King, president and chief operating officer FOUNDED: 1969
DESCRIPTION: Computer Entry Systems designs, develops, manufactures, markets and services systems for cash management and payment processing. The company supplies hardware and software, including advanced technologies such as optical character recognition and high-resolution imaging.
DEVELOPMENTS: CES reported its 10th consecutive year of profitability in the fiscal year ended Dec. 31, with a 104 percent jump in profits and a 59 percent climb in revenue over 1983. The firm entered 1985 with a $15 million backlog of customer orders, up 50 percent from the year before.
During 1984, CES decided to consolidate its corporate functions in a new headquarters and manufacturing facility. The company expects the new facility, to be located near the present headquarters, to be fully occupied by early 1986. 63: SURVIVAL TECHNOLOGY INC. 8101 Glenbrook Rd. Bethesda, Md. 20814
REVENUE: $24.3 million LOSS: $766,000 LOSS PER SHARE: 29 cents DIVIDEND: None ASSETS: $18 million STOCKHOLDERS' EQUITY: $7 million RETURN ON EQUITY: NA EXCHANGE: OTC EMPLOYES: 233 TOP EXECUTIVES: Stanley J. Charnoff, chairman and president; Cabot R. Caskie, chief operating officer FOUNDED: 1958
DESCRIPTION: Survival Technology designs and manufactures medical devices, including anti-chemical-warfare equipment for the Defense Department and other gear used by ambulances and rescue squads.
DEVELOPMENTS: Survival Tech's earnings plunged in the year ended July 31, 1984; after posting a profit of almost $1 million in fiscal 1983, Survival Tech went $766,000 in the red. The company blamed the loss on delays in a Defense Department contract for its Mark I chemical antidote kit. But it added that the outlook already is brighter for 1985 because of a $9.5 million DOD contract signed in January that has helped it resume production. 64: HALIFAX ENGINEERING INC. 5250 Cherokee Ave.Alexandria, Va. 22312
REVENUE: $23.4 million PROFITS: $500,728 EARNINGS PER SHARE: 46 cents DIVIDEND: None ASSETS: $10.7 million STOCKHOLDERS' EQUITY: $5.9 million RETURN ON EQUITY: 12.7 percent EXCHANGE: OTC EMPLOYES: 642 TOP EXECUTIVE: Howard C. Mills, presidentFOUNDED: 1967
DESCRIPTION: Halifax provides technical, engineering and support services, primarily to the U.S. government.
In one of its largest contracts, Halifax provides support and technical documentation to the Navy's prime shipbuilder in the Auxiliary Rescue Salvage Program. Halifax tests the safety of ships and publishes technical manuals on equipment and systems. The company also has supported the Amphibious Warfare Division of the Naval Coastal Systems Center in Panama City, Fla. For the past five years, it has evaluated missile systems for the Naval Sea Systems Command and Naval Surface Weapons Center.
The company operates the locks and bridges on parts of the Intracoastal Waterway, and owns a small boatyard in Suffolk, Va.
DEVELOPMENTS: Halifax's earnings grew 7 percent in the fiscal year ended March 31, 1984, to $500,000 from $467,000, and revenue jumped by 18.3 percent to $23.4 million from $19.8 million. But earnings per share slipped to 42 cents from 59 cents because the firm issued additional shares.
In October, Research Industries, an Alexandria-based private investment firm, purchased 15 percent of Halifax's stock, doubling its interest in the firm. The seller was retiring Halifax founder and president Charles A. Webb Jr., who sold his entire interest in the company. Research Industries officials said they acquired the stock "for long-term investment purposes," and denied there was a takeover move in the works.
For the first nine months of fiscal 1985, ended Dec. 31, Halifax reported a net loss of $64,103 (5 cents a share), compared with a profit of $313,479 (29 cents) during the year-earlier period. The loss came despite a 50 percent jump in revenue for the period, to $22.3 million from $14.9 million in fiscal 1984. The company blamed the loss on discontinued operations at its boat- yard in Suffolk, which is up for sale. 65: MICROS SYSTEMS INC. 6901-B Distribution Dr. Beltsville, Md. 20705
REVENUE: $22.1 million PROFITS: $424,000 EARNINGS PER SHARE: 1 cent DIVIDEND: None ASSETS: $10.9 million STOCKHOLDERS' EQUITY: $5.1 million RETURN ON EQUITY: 8.4 percent EXCHANGE: OTC EMPLOYES: 276 TOP EXECUTIVE: J. Robert Schultz, president and chief executive officer FOUNDED: 1977
DESCRIPTION: Micros Systems designs, manufactures and markets electronic terminals for cash registers and data processing. Its products are marketed to hotel and lodging properties, restaurants, and gas stations and convenience stores.
DEVELOPMENTS: After reporting significant growth for the year ended June 30, 1984, with profits up 56 percent and earnings per share up 36 percent over fiscal 1983, Micros Systems reevaluated its accounts receivable and restated its figures. Now the company reports a 10 percent slide in profits and an 18 percent drop in earnings per share over 1983. These reductions, the company said, are due primarily to "unreserved doubtful accounts receivable and unrecognized inventory obsolescence."
Finances at Micros are not looking any better for 1985. In March the company announced a second-quarter loss of $17,000 compared with a profit of $324,000 for the same quarter in 1984. Revenue remains steady, and the company's president has stated that "sales are strong, its cash position is good, and lender relations are excellent."