The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1925-10-15
NASH EARNINGS
ARE TREBLE 1924
Profits for Nine Months
This Year Mount to
S37.71 Per Share.
RETIRE PREFERRED?
President Nash at Directors
Meeting Yesterday Tells
of Expansion Plans.


That the 1925 earnings Of the Nash
Motors company are trebling those of
last year, and that profits for the nine
months Of this year just ended were
S37.S1 per share, was disclosed today
by Nash officials following a>meeting
of directors held in New York City
yesterday.
President C. w. Nash reported at
the meeting that the net income for
the three months ending August 81.
1925, after deducting expenses of man.
ufacturing, which includes deprecia-
ton, selling and administrative costs
and providing for local taxes and state
and federal income taxes, amounted to
S3,840,26825 or more than three times
the profits of the corresponding period
in 1924 when $1,205,766 was earned.
The value of sales for the three months
this year shows an increase of 124.7@o
over the same period year ago.
Net earnings tor the nine months of
this year jumped from $4,325,000 last
year to $11,133,0O0 this year. This is
equal to $37.81 per share on the COM
mon stock in contrast to $12.81 in the
same months year ago.
Announces Expansion.
Commenting on the condition of the
company and the business outlook,
President Nash said:
sour company has been in. very
badly oversold condition since July,
1924. In order to place ourselves in
position to more nearly give our deal
ers the goods they require and when
they require them, we have built addi-
tons to our plant and have purchased
a large quantity of new machinery so
that we may increase our output as
it is required. The outlook for the
future is very bright for Nash Motors
company. General conditions look to
me to be very sound and stable. I see
no reason, with conditions as they are
and with the public sentiment so in
favor of our product, why we should
not expect continued good business
and may expect to do more business
in the future than we have in the past"
The directors meeting yesterday
declared a Sits quarterly dividend
on preferred stock, payable on No
vember 1 to stockholders of record
on October 20.
Co-incident with the announcement
of earnings given out here, a state
ment was published in Milwaukee
that the Nash company, early next
year, will call in all of the $15,000,000
of preferred stock now outstanding,
thereby placing all earnings available
for the common shares, if present
plans of the management are car
ried out.
Preferred to be Retired.
Stockholders will vote on the prop
position on October 27 1t is proposed
to pay $105 for each share of pre-
ferred retired. This stock was given
to holders of the old common shares
three years ago at the rate of three
shares of preferred and four Of COM
mon for each share of the old stock
held. When redemption of the senior
issue takes place on February 1, as
contemplated, investors who owned the
old stock will have received $315 in
cash per share in addition to liberal
dividends and still hold four shares
of common which has current mar
ket valuation of close to $4,000
The original common was given
away when the company was organized
in 1916 as bonus of purchasers of
the frsts issue of preferred stock
which has since been retired.
The plan to call in the preferred
issue in 1923 is seen in financial cir
cles as preliminary to another split
up in the junior stock. With the pre-
ferred out of the way, an additional 81
per share will accrue to the common.
The enormous profit which the Nash
company has piled up for its stock
holders, most of whom are Kenosha
has been growing by leaps
and bounds and it is practically GER
tain to continue growing.
The company's business is still ex-
banding, as the statement of Presi-
dent Nash Nshows, and with the new
Ajax Motors plant beginning to pro-
duce in quantity there seem every
reason to believe that profits will
continue.
Nash's phenomenal success has
never been equaled in Wisconsin's
business history.