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ADVANCE CIRCUITS ANNOUNCES RESULTS FOR SECOND QUARTER OF FISCAL 1992

ADVANCE CIRCUITS ANNOUNCES RESULTS FOR SECOND QUARTER OF FISCAL 1992
 MINNETONKA, Minn., March 11 /PRNewswire/ -- Advance Circuits, Inc. (NASDAQ-NMS: ADVC), Minnetonka-based manufacturer of printed circuits, today announced a net income of $735,000 or $.14 per share for its second quarter ended Feb. 29, 1992. Sales for the quarter were $22,645,000 compared to sales of $22,235,000 for the second quarter in fiscal 1991 which produced net income of $1,592,000 or $.29 per common share.
 For the six months ended Feb. 29, 1992, sales totalled $44,249,000 resulting in net income of $1,627,000 or $.31 per common share. This represents a 7 percent increase from sales of $41,465,000 for the comparable period in fiscal 1991 which produced net income of $1,976,000 or $.36 per common share.
 Bookings were $27.6 million for the quarter up 32 percent from the first quarter of 1992. Order backlog was $44.4 million compared to $39.9 million at the end of the first quarter.
 Robert W. Heller, president, indicated that the company experienced its largest shipping month in history in February. However, results for the quarter were influenced by shipping products booked at lower margins in previous quarters and a decrease in available production days due to the holidays. He indicated that with no further deterioration in pricing in evidence and the large increase in bookings over the first quarter, the company is optimistic for a good second half of its fiscal year.
 The company's common stock is traded on the NASDAQ National Market System under the symbol ADVC.
 ADVANCED CIRCUITS, INC.
 CONDENSED STATEMENT OF INCOME
 (Unaudited)
 (In thousands, except for per share data)
 Three Months Ended Six Months Ended
 2/29/92 2/23/91 2/29/92 2/23/91
 Net sales $22,645 $22,234 $44,249 $41,465
 Cost of sales 20,306 18,393 39,275 35,818
 Gross profit 2,339 3,841 4,974 5,647
 Operating expense 1,172 1,329 2,392 2,515
 Income before
 income tax 1,167 2,512 2,582 3,132
 Income tax 432 920 955 1,156
 Net income 735 1,592 1,627 1,976
 Average number of
 common shares and
 equivalents
 outstanding 5,314 5,519 5,322 5,566
 Net income per share $0.14 $0.29 $0.31 $0.36
 SUMMARY BALANCE SHEET
 (Unaudited)
 2/29/92 8/31/91
 Current Assets $19,695 $20,756
 Other assets 17,696 16,182
 Total 37,391 36,938
 Current liabilities $9,972 $10,915
 Other liabilities 546 546
 Net worth 26,873 25,477
 Total $37,391 $36,938
 -0- 3/11/92
 /CONTACT: Robert W. Heller of Advanced Circuits, 612-935-3311/
 (ADVC) CO: Advanced Circuits, Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN011 -- 7452 03/11/92 16:16 EST
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Date:Mar 11, 1992
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