Pinkerton’s Reports 1st Quarter Profit Up 88%

Pinkerton’s Inc. said lower debt costs helped its fiscal first-quarter profit jump 88% from a year earlier on a 6% increase in revenue.

The Van Nuys-based security services concern said net income in the quarter ended March 22 climbed to $1.46 million from $779,000 a year earlier. Its revenue rose to $141.2 million from $133.5 million.

However, Pinkerton’s said earnings from its operations alone edged up only 3%, to $5.3 million from $5.1 million, as higher income from its services was partially offset by increased marketing and equipment costs.