Pinkerton’s Turns Around Profits for Quarter, Year

Pinkerton’s Inc., an Encino security firm, said its profit for the fourth quarter that ended Dec. 29 was $5.5 million, compared with a loss of $13.6 million in the same quarter last year. Revenues in the fourth quarter were $271 million, up 2% from $266 million a year earlier.

For all of 1995, the profit was $10.5 million, compared with a loss of $10.2 million in 1994. Revenues in 1995 were $862.8 million, up slightly from $850 million in the previous year.

The company said the turnaround in the fourth quarter came from efforts to shrink its tax burden and to replace low-margin contracts with more profitable ones. Increased revenues for the year stemmed from acquisitions, Pinkerton’s said.