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E-SYSTEMS REPORTS FIRST QUARTER SALES, EARNINGS

 E-SYSTEMS REPORTS FIRST QUARTER SALES, EARNINGS
 DALLAS, April 13 /PRNewswire/ -- E-Systems, Inc. (NYSE: ESY) today


reported sales at the close of the first quarter were $497.2 million vs. first quarter 1991 sales of $476.2 million.
 Net income for the first quarter was $27.5 million, or $0.84 a share, compared to net income of $24.9 million, or $0.77 a share, for the same quarter a year ago.
 Firm new orders (bookings) amounted to $219 million at the end of March, compared to 1991 first-quarter ending bookings of $247 million. Backlog of unfilled orders at the end of the quarter was $2.231 billion vs. a backlog of $2.258 billion last year.
 E. Gene Keiffer, E-Systems chairman and chief executive officer said, "Overall first quarter performance met our expectations in terms of sales, earnings and improved margins. New order bookings were down slightly as a result of program delays. However, bookings are expected to rise again during the second quarter."
 E-Systems is a major worldwide developer and producer of electronics systems and products in the areas of intelligence, reconnaissance and surveillance systems, command and control, electronic warfare, specialized aircraft maintenance and modification, guidance, navigation and control, communications and data systems.
 E-SYSTEMS, INC.
 Statement of Operating Results
 (In thousands of dollars, except per-share data)
 (Unaudited)
 Three Months Ended in March: 1992 1991
 Sales $497,239 $476,190
 Operating profit 43,086 39,447
 Investment income 799 699
 Interest expense (1,825) (2,421)
 Other (expense)/income (1,268) (1,661)
 Income before tax 40,793 36,064
 Net Income 27,535 24,884
 Earnings per share(A) $0.84 0.77
 Bookings 219,437 246,988
 Backlog $2,231,415 $2,257,868
 Common equivalent shares
 outstanding 32,771 32,251
 (A) Earnings per share include average shares outstanding and the
 effect of dilutive options outstanding.
 -0- 4/13/92
 /CONTACT: John E. Kumpf of E-Systems, 214-392-4923/
 (ESY) CO: E-Systems ST: Texas IN: ARO SU: ERN


TQ -- NY021 -- 7603 04/13/92 09:22 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
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