STUDEBAKER SEES BIG YEAR

The New York Times
7 July 1925

Company Sold 42,000 Cars, Had $6,000,000 Profit in Second Quarter.

The statement of earnings of the Studebaker Corporation covering second-quarter operations will not be issued officially until the close of this month, but favorable estimates of the company's showing were made public yesterday. According to A. R. Erskine, President, the company's profits for the June quarter aggregated $6,000,000, equal to $3.12 a share on the 1,875,000 shares of common stock outstanding, after allowing for the regular preferred dividend requirements.

If this estimate is borne out by the official statement, the company will have accumulated net profits of $9,600,000 for the first six months of 1925, equal to $4.96 a share on the common stock, as profits for the first quarter of the year were equal to $1.84 a share on the common. In the first half of 1925 net profits equaled $3.88 a share. Publication of these figures yesterday resulted in the company's stock establishing a new high record for the year.

The company sold 42,046 automobiles during the second quarter, against 28,152 in the same quarter last year, the gain being equal to 49 per cent. Mr. Erskine estimated that July sales may exceed any corresponding month on record, and that third-quarter operations may be double those of last year. He forecast record sales and profits for 1925.