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ELDEC YEAR-END EARNINGS ARE UP

 LYNNWOOD, Wash., May 6 /PRNewswire/ -- For the 1993 fiscal year ended March 28, 1993, ELDEC Corp. (NASDAQ: ELDC) reported sales were slightly below those of fiscal year 1992, but the company earned 31 cents per share from continuing operations, compared to a loss of 32 cents per share from continuing operations the prior year.
 Revenues were $108.4 million, compared to revenues of $109.9 million last year. Income from continuing operations was $1.8 million in contrast to a loss last year of $1.8 million.
 Net income for fiscal year 1993 was $2.4 million including the impact of a one-time accounting change in the first quarter. Last year there was a net loss of $1.9 million, which included an extraordinary expense due to the early repayment of debt. Fiscal 1993 net earnings per share were 43 cents. Last year, the company's net loss was 34 cents per share.
 Fourth-quarter net income was $430,000, or 8 cents per share, somewhat better than expected. The company had announced earlier that fourth-quarter earnings would be down due to $600,000 in unexpected severance costs related to layoffs in the quarter.
 Total backlog at year end was $144.3 million, down about 9 percent from the $158.1 million backlog of the prior year. Backlog to be shipped within 12 months was $71.3 million compared to $86.7 million last year.
 ELDEC custom designs and manufactures electronic and electromechanical systems for aerospace and defense applications. Founded in 1957, the company is a subcontractor to a large number of major aerospace and defense electronics contractors.
 ELDEC CORP.
 FINANCIAL HIGHLIGHTS(A)
 (In thousands, except share data)
 Fiscal Year Ended: March 28, March 29,
 1993 1992
 Sales $108,415 $109,945
 Income/(loss):
 ELDEC operations $ 1,757 $ (1,759)
 Debt prepayment expense -- (105)
 Accounting change $ 673 --
 Net income/(loss) $ 2,430 $ (1,864)
 Earnings Per Share:
 Continuing operations $ 0.31 $ (0.32)
 Debt prepayment expense -- $ (0.02)
 Accounting change $ 0.12 --
 Net earnings per share $ 0.43 $ (0.34)
 Common and common equivalent
 shares outstanding (weighted average) 5,616,674 5,550,130
 Quarter Ended: March 28, March 29,
 1993 1992
 Sales $ 26,930 $ 28,782
 Income/(loss) $ 430 $ (36)
 Earnings/(loss) per share $ 0.08 $ (0.01)
 Common and common equivalent
 shares outstanding (weighted average) 5,652,712 5,574,983
 (A) Full statement of income and balance sheet available on request.
 -0- 5/6/93
 /CONTACT: Tom K. Brown, chief executive officer, 206-743-8205, or Phil Lorenzen, chief financial officer, 206-743-8220, both of ELDEC/
 (ELDC)


CO: ELDEC Corp. ST: Washington IN: ARO SU: ERN

SW-AL -- SE003 -- 5465 05/06/93 12:43 EDT
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Date:May 6, 1993
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