American Management Systems of Fairfax announced that third-quarter net income rose 23 percent, to $18.1 million (43 cents per share) from $14.7 million (34 cents) a year ago. Revenue rose 14 percent, to $321.9 million from $282.2 million in the year-ago period.
For the first nine months of 1999, the company reported net income of $38.5 million (90 cents) and $918.1 million in revenue, compared with $35.7 million (83 cents) and revenue of $755.9 million in the first nine months of 1998.
Officials at the information technology consulting company attributed the gains to strength in all its markets, particularly a 40 percent rise during the quarter in its telecommunications business.
* CACI International, an Arlington-based information technology contractor, reported $3.8 million (34 cents a share) in earnings for the fiscal first quarter ended Sept. 30, a 22 percent gain over the $3.1 million (28 cents) earned in the same quarter a year ago.
Led by a strong increase in technology contracts from state agencies, revenue for the quarter grew 30 percent, to $120.3 million, from $92.4 million in the same quarter last year.
* Columbia Energy Group reported a net loss of $9.7 million for the third quarter of 1999, compared with net income of $11.2 million (13 cents a share) for the same quarter a year earlier. The past quarter's results included approximately $9 million of pretax expenses for professional fees and related costs incurred as a result of an unsolicited tender offer and about $4 million in pretax expenses from restructuring its retail marketing operations.
Without the two charges, Columbia Energy's net income would have been $9 million (11 cents), which was in line with expectations of analysts polled by First Call/Thomson Financial.
The Herndon-based company reported $352 million in revenue for the third quarter of 1999, up from $338.9 million in the same quarter in 1998.
Columbia Energy earned $166.8 million ($2.01) during the first nine months of 1999, compared with earnings of $181.5 million ($2.17) during the first nine months of 1998. Revenue for the first nine months of 1999 was $1.40 billion, up from $1.33 billion during the first nine months of 1998.
* T. Rowe Price Associates Inc., a Baltimore mutual fund company, reported a 45 percent increase in its third-quarter profit, to $62.2 million (48 cents a share), from $43 million (33 cents).
Revenue rose 19 percent, to $259.9 million. At the end of the quarter, T. Rowe Price was managing mutual-fund assets of $100.9 billion, an increase of $18 billion from the previous year but a decrease of $1.8 billion from the second quarter. Total assets managed were $157.4 billion, compared with $147.8 billion a year ago.
For the nine months, T. Rowe Price reported a profit of $169.3 million ($1.31), up 31 percent from $129.1 million (99 cents). Revenue was up 15 percent, to $751.5 million.
* Transaction Network Services Inc. of Reston said its third-quarter net income more than doubled as companies continued to ring up more sales using the firm's point-of-sale transaction services.
Earnings in the quarter ended Sept. 30 rose to $5.5 million (38 cents a share) from $2.1 million (16 cents) in the year-earlier period. Revenue climbed 80 percent, to $46.1 million in the quarter, from $25.6 million.
TNS's networks transmit credit-card and debit-card purchases from stores back to the financial institutions behind the plastic. The company also provides telephone-call billing validation and fraud-control services.
* American Mobile Satellite Corp. of Reston reported that its third-quarter losses grew mainly due to its purchase of XM Satellite Radio Inc. over the summer.
The mobile service provider said it lost $66 million in the quarter ended Sept. 30. That compares with a loss of $39.4 million in the same period a year ago.
The company posted a $19 million loss in the quarter before subtracting interest, taxes, depreciation and amortization. In the same period last year, it lost $8.5 million before taking out those expenses.
American Mobile said the quarter's earnings also were hurt by a $12.1 million write-off related to the repayment of a credit facility.
Revenue in the quarter rose 5 percent, to $23 million, from $21.8 million. Service revenue for the quarter fell slightly to $17.3 million. But the number of service subscribers grew 29 percent, to 131,200 subscribers at the end of quarter, from 101,543 at the close of the same period in 1998.
American Mobile had owned a minority interest in XM Satellite Radio in the District until the summer, when it purchased the remaining interest in the technology company from World Space Inc. for about $129 million.
* NVR Inc., the McLean-based home builder, reported third-quarter net income of $30.3 million ($2.52 a share), up from $24.8 million ($1.87) in the third quarter of last year.
Net income for the first nine months of this year was $84.6 million, compared with $51.1 million for the same period of 1998, an increase of 66 percent.
Total revenue for the quarter was $540.6 million, up 19 percent from the third quarter of last year when revenue was $455.9 million.
Quarterly home building revenue was up 19 percent over the third quarter of last year.
* Best Software Inc., a Reston corporate resource management company, posted net income of $2.8 million (23 cents a share), a 33 percent increase, for the quarter ended Sept. 30.
The company's revenue for the quarter grew 29 percent, to $23.3 million, from $18 million in the quarter ended September 1998.
* VCampus Corp. of McLean, an online-educational services provider, reported a loss of $1.5 million for the quarter ended Sept. 30, compared with a $1.66 million loss in the same quarter a year ago.
Although revenue from online tuition payments more than doubled over the year, to $1.1 million from $463,539, total revenue for the quarter declined to $3.07 million, compared with $4.3 million for the same period in 1998, following sale of the company's Ivy Software Inc. unit and several consulting businesses over the past year.
* EIS International Inc., a Herndon company that provides technology for telephone call centers, reported net income of $426,000 (4 cents a share) for the quarter that ended Sept. 30. That compares with a net loss of $2.1 million for the year-ago quarter.
Consolidated net revenue declined in the quarter, falling to $12.3 million from $13.4 million in the period last year. The company said softness in sales both to new and existing customers contributed to that decline.
For the nine months that ended on Sept. 30, the company reported consolidated net income of $1.8 million (17 cents), compared with a loss of $2.1 million for the period in the previous year. Consolidated net revenue in the nine months declined 13 percent, to $39.6 million, from $45.7 million in the 1998 period.
* Chesapeake Corp. of Richmond, a specialty packaging and merchandising services company, yesterday reported net income of $65.8 million ($3.16 per share) for the quarter that ended Sept. 30, up roughly five-fold from the $13.2 million (61 cents) figure reported for the period a year earlier.
Most of the rise in income was due to a one-time $51.7 million ($2.48) after-tax gain, the net result from sales of the company's buildings products business and approximately 278,000 acres of timberland as well as an $11.7 million charge related to the closing of its kraft products business unit.
Without the gain, net income for the quarter would have been $14.1 million (68 cents), an 11 percent rise compared with the year-earlier period, the company said.
Net sales for the quarter were $350.2 million, up 34 percent from $260.7 million in the quarter the year before. The company attributed the rise primarily to its acquisition of the Field Group, a British-based packaging company, in March of this year.
Net income for the first three quarters of 1999 was $82.7 million ($3.87), up 83 percent from $45.1 million ($1.48) in the same nine months last year. Excluding the one-time gain, net income would have been $31.0 million ($1.45).
The company attributed the lower earnings to higher raw-material costs in its North American packaging operations and lower sales of jumbo rolls of tissue paper and lower prices for finished tissue products.
Net sales for the nine months, meanwhile, were $916.8 million, up 28 percent from $714.5 million in last year's period.
* Lafarge Corp. of Reston said earnings rose 12.4 percent during the third quarter to $139 million ($1.90 a share ) from $123.7 million ($1.70) during the third quarter of 1998.
Revenue rose 7.7 percent, to $872.4 million, from $810.2 million.
For the nine month period that ended Sept. 30, Lafarge earned $198.6 million ($2.72), up 17.5 percent from $169 million a year earlier.
Revenue for the nine-month period rose 7.8 percent, to $1.96 billion, from $1.82 billion.
Lafarge, which supplies construction materials, said third-quarter results reflected growing sales of cement in the U.S. and eastern Canada, among other factors.
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