SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 15, 1994
THE PITTSTON COMPANY
(Exact Name of registrant as specified in its charter)
Virginia 1-9148 54-1317776
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of Incorporation)
100 First Stamford Place
P. O. Box 120070
Stamford, Connecticut 06912-0070
(Address of principal (Zip Code)
executive offices)
(203)978-5200
(Registrant's telephone number, including area code)
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Item 5. Other Events
The Pittston Company ("Pittston") has announced
that it expects, based on preliminary results through May,
second quarter earnings for the Company's Services Group
will significantly exceed results for 1993's second quarter
and will likely surpass analysts' reported expectations. A
press release dated June 15, 1994 is filed as an exhibit to
this report and is incorporated herein by reference.
EXHIBIT
Registrant's press release dated June 15, 1994.
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
hereunto duly authorized.
THE PITTSTON COMPANY
(Registrant)
Austin F. Reed
By _________________________
Vice President
Date: June 15, 1994
<PAGE>
EXHIBIT
Exhibit Description
99 Registrant's press release
dated June 15, 1994.
Exhibit 99
June 15, 1994
PITTSTON SERVICES SEES IMPROVED SECOND QUARTER RESULTS
Stamford, Ct. - June 15, l994 - The Pittston Services Group
(NYSE-PZS) announced today that, based on preliminary results
through May, second quarter earnings will significantly exceed
results for l993's second quarter and will likely surpass
analysts' reported expectations. Joseph C. Farrell, Chairman
and CEO of The Pittston Company, said he is very pleased with the
continued strong performance by each of the three business units
in the Services Group. Burlington Air Express experienced record
domestic shipment volumes early in the quarter as the result of
an improving air freight market and the Teamsters' strike which
affected the trucking industry. Brink's Home Security is con-
tinuing the rapid growth of its subscriber base and Brink's,
Incorporated is experiencing improved demand for many of its
security services, particularly in North American markets.
* * * * * *
Pittston Services Group Common Stock (NYSE-PZS) and Pittston
Minerals Group Common Stock (NYSE-PZM) represent the two classes
of common stock of The Pittston Company, a diversified firm with
interests in security services through Brink's, Incorporated and
Brink's Home Security, Inc., air freight and logistics management
services through Burlington Air Express Inc., and coal and gold
mining through Pittston Minerals Group.
