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ANDREW CORP. REPORTS RECORD SALES, NET INCOME & EARNINGS PER SHARE FOR 1991

                  ANDREW CORP. REPORTS RECORD SALES,
                NET INCOME & EARNINGS PER SHARE FOR 1991
    ORLAND PARK, Ill., Nov. 15 /PRNewswire/ -- Andrew Corp. (NASDAQ-NMS: ANDW) today reported that sales, net income and earnings per share for its year ended Sept. 30, 1991 were the highest in the company's history.
    Sales for the year ended Sept. 30, 1991, were $416.2 million, an increase of 14 percent over 1990 sales of $366.0 million.
    Net income for 1991 was $22.2 million compared with $18.2 million for 1990, a gain of 22 percent.  Earnings per share were $2.28, an increase of 27 percent from $1.80.  There were approximately 3 percent fewer average shares outstanding because of stock repurchased by the company during the year.
    Orders of $419.9 million for the year were also a record, up 16 percent from $361.1 million last year.  Backlog to be shipped in the next 12 months was $107.6 million, compared with $111.0 million a year earlier, down 3 percent due to strong shipments in the month of September 1991.
    For the fourth quarter of 1991 sales increased 14 percent to $117.9 million from $103.5 million.  Net income was up 23 percent to $8.9 million from $7.3 million.  Earnings per share were $.91 in the quarter compared to $.73 last year, a 25 percent improvement.
    Orders in the fourth quarter increased 9 percent to $109.8 million, up from $100.7 million.
    Floyd L. English, president and chief executive officer, said, "We are pleased with this record year for the company.  Good progress was made in spite of some difficult economic and competitive conditions in several parts of the world.  Personal communications markets continue to drive our growth.  The growth in our global cellular activities was sustained in 1991 and the rapid market acceptance of our distributed communications system is especially satisfying.
    "The improved operating performance of our defense business, combined with increased market shares in commercial and network products business, should make 1992 another good year."
    Andrew Corp. is a global communications equipment supplier serving businesses and governments.
                              ANDREW CORP.
                       Condensed Income Statement
                (Amounts in thousands except per share)
    Periods ended               Quarter                    Year
     Sept. 30;              1991      1990           1991        1990
    Sales                $117,937  $103,489       $416,229    $365,990
    Income before taxes    14,370    11,923         35,876      29,611
    Net income              8,909     7,251         22,178      18,161
    Net income per share      .91       .73           2.28        1.80
    Orders                109,703   100,713        419,872     361,141
    12 month backlog      107,564   110,967        107,564     110,967
    Avg. shares outstanding 9,775     9,963          9,773      10,079
    -0-      11/15/91
    /CONTACT:  Charles R. Nicholas, CFO of Andrew Corp., 708-873-2740/
    (ANDW) CO:  Andrew Corp. ST:  Illinois IN:  TLS SU:  ERN JT -- NY029 -- 1452 11/15/91 10:30 EST
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Publication:PR Newswire
Date:Nov 15, 1991
Words:475
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