Pinkerton’s Posts 26% Rise in 2nd Quarter Net Income

Pinkerton’s Inc., the Encino-based security and investigations company, posted a 26% rise in net income for its second quarter.

In the three months that ended June 13, the company earned $5.9 million, compared with a net income of $4.7 million a year before. Its revenues rose 15%, to $230.79 million from $200.92 million the year before.

For the six-month period, Pinkerton’s reported a profit of $10.4 million, a jump of 20% from $8.7 million in earnings a year earlier. Revenue was $451.26 million, a 13% gain from $400.95 million.

The company also announced the approval of a 3-for-2 stock split that will become effective Aug. 7 in the form of a 50% stock dividend to stockholders of record.