Pinkerton’s Predicts 25% Rise in Full-Year Profit

Pinkerton’s Inc., a Van Nuys-based security services concern, said its first-quarter 1992 earnings might trail those of a year earlier, but it expects full-year profit to climb at least 25% from 1991.

Costs related to Pinkerton’s purchase of Business Risks International, an investigative and consulting firm, and lower-than- expected revenues stemming from the BRI purchase would be responsible for the first-quarter profit decline, Pinkerton’s told a meeting of analysts and institutional investors in Los Angeles.

In the first quarter of 1991, Pinkerton’s earned $1.46 million on revenue of $141.2 million.

But Pinkerton’s, which made several other acquisitions last year in addition to the BRI purchase, also told the meeting that it expects to make “a number of additional acquisitions of security companies” this year in the United States, the United Kingdom and Mexico.

All of the acquisitions and Pinkerton’s internal growth will contribute to the rise in full-year 1992 earnings, it said. In 1991, Pinkerton’s earned $12.7 million on revenue of $637.8 million.