FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarter ended September 30, 1994 Commission file no. 2-27393
NOLAND COMPANY
A Virginia Corporation IRS Identification #54-0320170
2700 Warwick Boulevard
Newport News, Virginia 23607
Telephone: (804) 928-9000
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
of 1934 during the preceding 12 months and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
Outstanding capital common stock, $10.00 par value at October 20, 1994
3,700,876 shares.
[FN]
This report contains 12 pages.
<PAGE>
PART II. OTHER INFORMATION
Item 1. None
Item 2. None
Item 3. None
Item 4. None
Item 5. None
Item 6. Exhibit 27
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
NOLAND COMPANY
October 26, 1994 Arthur P. Henderson, Jr.
Arthur P. Henderson, Jr.
Vice President-Finance
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> SEP-30-1994
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 52,244,322
<ALLOWANCES> 968,427
<INVENTORY> 61,646,445
<CURRENT-ASSETS> 119,959,255
<PP&E> 125,521,621
<DEPRECIATION> 56,489,915
<TOTAL-ASSETS> 203,710,044
<CURRENT-LIABILITIES> 53,587,750
<BONDS> 36,400,000
0
0
<COMMON> 38,808,880
<OTHER-SE> 66,959,842
<TOTAL-LIABILITY-AND-EQUITY> 203,710,044
<SALES> 329,964,410
<TOTAL-REVENUES> 329,964,410
<CGS> 268,418,214
<TOTAL-COSTS> 58,447,718
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 788,584
<INTEREST-EXPENSE> 1,884,436
<INCOME-PRETAX> 5,293,990
<INCOME-TAX> 1,991,400
<INCOME-CONTINUING> 3,302,590
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,302,590
<EPS-PRIMARY> .89
<EPS-DILUTED> .89
</TABLE>
