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ADC TELECOMMUNICATIONS ANNOUNCES FINAL THIRD QUARTER 1993 RESULTS

 MINNEAPOLIS, Aug. 24 /PRNewswire/ -- Final results for its third fiscal quarter ended July 31, 1993, were announced by ADC Telecommunications, Inc. (NASDAQ-NMS: ADCT) today. The 1993 three-month and nine-month (YTD) results, compared to the three-month and nine-month periods ended July 31, 1992, are as follows (dollars in thousands except EPS):
 Quarters Ended Nine Months Ended Percent Increase
 7/31/93 7/31/92 7/31/93 7/31/92 Qtr. YTD
 Orders $95,020 $81,658 $266,597 $229,722 16.4 16.1
 Net sales 93,346 83,847 260,993 227,430 11.3 14.8
 Net income $9,181 $7,601 $21,505 $12,568 20.8 71.1
 EPS $.33 $.28 $.78 $.46 17.9 69.6
 "We are very pleased with the above results which represent new records of performance for the company in all major operating categories," stated William J. Cadogan, president and chief executive officer. "The greater percentage improvement in net income between quarters resulted from our continued focus on cost control across the entire company," added Cadogan.
 ADC Telecommunications, Inc. designs, manufactures and markets a wide variety of transmission, networking and cable management products used by telephone companies, broadcast and cable TV networks and private telecommunications networks.
 Net sales for the quarters and nine-month periods ended July 31, 1993 and 1992 classified by product group, detailed statements of income for the quarters and nine-month periods ended July 31, 1993 and 1992 and balance sheets as of July 31, 1993 and Oct. 31, 1992 follow.
 NET SALES BY PRODUCT GROUP
 (Dollars in thousands)
 Quarters Ended
 7/31/93 7/31/92
 Product Group Net Sales/Pct Net Sales/Pct
 Transmission $18,410 19.7 $15,946 19.0
 Networking 23,205 24.9 22,035 26.3
 Cable Management 51,731 55.4 45,866 54.7
 Total $93,346 100.0 $83,847 100.0
 Nine Months Ended
 7/31/93 7/31/92
 Product Group Net Sales/Pct Net Sales/Pct
 Transmission $47,527 18.2 $40,430 17.8
 Networking 67,109 25.7 62,880 27.6
 Cable Management 146,357 56.1 124,120 54.6
 Total $260,993 100.0 $227,430 100.0
 Net sales of fiber optic products represented 34.1 percent and 30.7 percent of total net sales for the quarters ended July 31, 1993 and 1992, respectively. For the nine months ended July 31, 1993 and 1992, net sales of fiber optics products represented 32.8 percent and 28.4 percent of total net sales, respectively.
 ADC TELECOMMUNICATIONS, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF INCOME
 (In thousands, except per share statistics)
 (Unaudited)
 Quarters Ended Nine Months Ended
 7/31/93 7/31/92 7/31/93 7/31/92
 Net sales $93,346 $83,847 $260,993 $227,430
 Cost of product sold 44,708 40,878 126,926 113,110
 Gross profit 48,638 42,969 134,067 114,320
 Gross profit percentage 52.1 51.2 51.4 50.3
 Expenses:
 Selling 17,647 15,180 51,322 44,845
 Development and product
 engineering 10,080 9,171 29,899 26,108
 Administration 5,788 5,265 16,577 15,984
 Personnel reduction -- -- -- 3,800
 Total expenses 33,515 29,616 97,798 90,737
 Operating income 15,123 13,353 36,269 23,583
 Other income (expense) net:
 Interest 42 (121) 131 (883)
 Other (820) (771) (2,493) (2,096)
 Income before income taxes 14,345 12,461 33,907 20,604
 Provision for income taxes 5,164 4,860 12,402 8,036
 Net income $9,181 $7,601 $21,505 $12,568
 Average common shares
 outstanding 27,544 27,140 27,451 27,052
 Earnings per share $.33 $.28 $.78 $.46
 Orders $95,020 $81,658 $266,597 $229,722
 ADC TELECOMMUNICATIONS, INC. AND SUBSIDIARIES
 CONSOLIDATED BALANCE SHEETS -- UNAUDITED
 (In Thousands)
 ASSETS
 CURRENT ASSETS: 7/31/93 10/31/92
 Cash and cash equivalents $12,832 $20,484
 Accounts receivable 54,481 47,414
 Inventories 48,707 39,063
 Prepaid income taxes and other 9,744 8,394
 Total current assets 125,764 115,355
 Property and Equipment, net 61,974 57,945
 Other Assets, principally goodwill 67,757 67,462
 -- $255,495 $240,762
 LIABILITIES AND STOCKHOLDERS' INVESTMENT
 CURRENT LIABILITIES: 7/31/93 10/31/92
 Current maturities of long-term debt $300 $324
 Accounts payable 11,843 12,445
 Accrued liabilities 30,237 27,302
 Total current liabilities 42,380 40,071
 Deferred Income Taxes 3,977 4,393
 Long-term debt, less current maturities
 above 810 14,110
 Total liabilities 47,167 58,574
 Stockholders' Investment
 (27,575 and 27,162 shares outstanding,
 respectively) 208,328 182,188
 -- $255,495 $240,762
 -0- 8/24/93
 /CONTACT: Aimee Gallogly of ADC Telecommunications, 612-946-3338/
 (ADCT)


CO: ADC Telecommunications, Inc. ST: Minnesota IN: TLS SU: ERN

KH-DB -- MN013 -- 5476 08/24/93 13:20 EDT
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Date:Aug 24, 1993
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