Altron announces a 63 percent increase in earnings on a 37 percent increase in sales for the second quarter of 1995.

WILMINGTON, Mass.--(BUSINESS WIRE)--July 27, 1995--Altron Incorporated (NASDAQ:ALRN) today announced its financial results for the second quarter ended July 1, 1995.

Sales increased 37 percent to a record $34,724,000 from $25,372,000 for the second quarter of 1994. Net income increased 63 percent for the quarter to a record $3,384,000 or 36 cents per share compared to $2,070,000 or 24 cents per share during the same period a year ago.

Sales for the six months ended July 1, 1995 were up 39 percent to a record $67,386,000 compared to $48,379,000 for the same period last year. Net income for the first six months of 1995 was $6,304,000 or 69 cents per share and was 62 percent higher than net income of $3,895,000 or 45 cents per share for the first six months of 1994.

Weighted common shares outstanding for the quarter and six months ended July 1, 1995 increased from the same periods a year ago primarily as a result of the issuance of 1,395,000 shares in connection with a public offering on May 25, 1995.

Samuel Altschuler, chairman and president, stated that the all-time record sales for the quarter and six months resulted primarily from increased shipments to the company's largest customers in the communication and computer segments of the electronics industry. The record earnings for the quarter resulted primarily from better absorption of overhead due to the higher shipment levels, and continued productivity improvements and cost reductions.

The company continues to maintain an excellent financial position. As of July 1, 1995, the company had working capital of $52,625,000 and a current ratio of 4.1.

Altron Incorporated, with three plants located in Massachusetts and Northern California, provides total design and manufacturing capability for complete electronic systems, including multilayer boards, backplanes and surface mount assemblies. Altron is an ISO 9000 registered company, serving telecommunication, data communication, computer, industrial and medical industries located in the United States and Europe.

                        ALTRON INCORPORATED
          Summary Consolidated Statements of Operating Results

(In thousands, except per share data)       Three months ended
                                                (Unaudited)

                                        July 1, 1995     July 2, 1994

Net sales                                    $34,724          $25,372
Net income                                     3,384            2,070
Earnings per share                               .36              .24
Weighted common shares outstanding             9,402            8,631

                                              Six months ended
                                                 (Unaudited)

                                        July 1, 1995    July 2, 1994

Net sales                                    $67,386         $48,379
Net income                                     6,304           3,895
Earnings per share                               .69             .45
Weighted common shares outstanding             9,182           8,601

CONTACT: Altron Incorporated, Wilmington, Mass.

Samuel Altschuler, Chairman and President

Burton Doo, Executive Vice President

Peter D. Brennan, Vice President,

Chief Financial Officer and Treasurer

508/658-5800