Greyhound Corp. reported net income of $6.9...
- Share via
Greyhound Corp. reported net income of $6.9 million for the first quarter, compared to $33.7 million in the year-ago period. The 1987 quarter included $27.9 million in income from discontinued operations and an extraordinary charge of $3 million reflecting premiums paid on early retirement of debt. The Phoenix-based firm, which in 1986 sold the bus operation for which it was best known, is the maker of Dial soap and Brillo soap pads, as well as the operator of a string of pizza restaurants and cruise ships. The company said most of its operating companies showed substantial improvements in profitability, including a 25% jump in the consumer products group and a 67% increase in its service group results.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.