Pinkerton’s Net Income Rises 10% in 3rd Quarter

Pinkerton’s Inc., a Van Nuys-based security services company, said its fiscal third-quarter net income rose 10% from a year earlier, to $3.1 million from $2.8 million, on an 8% increase in revenue, to $146.2 million from $135.5 million.

For the three quarters ended Sept. 6, Pinkerton’s profit jumped to $7.3 million from $3 million in the same period a year ago. The year-earlier profit was adversely affected by an extraordinary charge for refinancing costs.

Revenue for the nine-month period rose 7%, to $429.7 million from $403.1 million.

Pinkerton’s President Albert J. Berger said about 15% of the company’s revenue gains resulted from acquisitions during the third quarter, including that of a Mexican security company called Delsa Servicios de Seguridad.

Pinkerton’s also entered into agreements to buy Business Risks International, a consulting and investigations firm, and the British firm Argus Shield, Berger said in a statement. Terms were not disclosed.