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AULT REPORTS SECOND QUARTER EARNINGS

 MINNEAPOLIS, Dec. 22 /PRNewswire/ -- Ault Incorporated (NASDAQ: AULT) today reported net sales of $5,416,000 for the second quarter of fiscal 1993 ended Nov. 30, down modestly from $5,711,000 in the year-earlier period. Ault's earnings declined to $39,000 or $.02 in the current period from $132,000 or $.07 per share in the second quarter of fiscal 1992.
 For the first six months of fiscal 1993, net sales totaled $11,874,000, up slightly from $11,418,000 a year ago. First half earnings came to $208,000 or $.10 per share, down from $292,000 or $.15 per share last year.
 Frederick M. Green, Ault's president and chief executive officer, attributed the lower second quarter sales to the persistently weak economy. He said the economy is having a particularly adverse impact on the company's high-volume markets, including data communications and notebook computers. Customers in these areas, Green continued, have grown increasingly cautious in recent periods, which has affected the company's rate of new order input.
 He said Ault's second quarter earnings were also affected by increased design engineering and marketing expenses. Green said these higher levels were necessitated by rising numbers of customer inquiries and related increases in bidding activity and designing product prototypes for new customers.
 This high volume of front-end activity on pending orders, Green said, should enable the company to start reporting stronger results by the fourth quarter.
 Ault is the nation's largest independent manufacturer of external power supplies and battery chargers for high-end applications in the telecommunications, computer and medical markets. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol AULT.
 -0- 12/22/92
 /CONTACT: Carlos S. Montague, chief financial officer of Ault, 612-493-1900/
 (AULT)


CO: Ault Incorporated ST: Minnesota IN: SU: ERN

AL -- MN011 -- 9208 12/22/92 14:34 EST
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Publication:PR Newswire
Date:Dec 22, 1992
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