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ELECTROCOM AUTOMATION REPORTS MAJOR GAINS IN FIRST QUARTER OPERATING RESULTS

 ELECTROCOM AUTOMATION REPORTS MAJOR GAINS IN
 FIRST QUARTER OPERATING RESULTS
 DALLAS, April 30 /PRNewswire/ -- ElectroCom Automation Inc. (NYSE: ECA) today reported significant sales and earnings increases for the first quarter of 1992 over those of a year ago.
 For the first three months of 1992, the company had net earnings of $5,977,000, or 22 cents per share, almost double the net earnings of $3,045,000, or 11 cents per share, for the same period of 1991. Sales for the 1992 first quarter were $91,499,000, approximately 44 percent above 1991's first quarter sales of $63,493,000.
 All net income and earnings per share numbers are adjusted on a pro forma basis to reflect provision for federal income tax, the company said. Prior to its public offering in January 1992, ElectroCom was a Subchapter S corporation and therefore not subject to federal income tax.
 R. S. Buzard, ElectroCom's president and chief executive officer, credited the gain in sales to deliveries under two contracts, for which sales did not begin until after the first quarter of 1991. Both contracts, one for Delivery Bar Code Sorters and the second for Image Processing Subsystems, are with the U.S. Postal Service. Profits for the period increased due to higher sales and adjustments in profit margins, he added.
 ElectroCom Automation Inc., manufactures high-speed automated document processing systems for use primarily by the United States Postal Service and other government and commercial customers. The company also manufactures mobile data and voice communications systems and products for public safety and transit authorities, provides funded research and development, and recently began to produce materials handling systems and equipment for the commercial warehouse and distribution markets.
 ELECTROCOM AUTOMATION INC. AND SUBSIDIARIES
 Consolidated Summary of Results
 (unaudited -- in thousands, except per share)
 Quarter ended March 31 1992 1991
 Net Sales $91,499 $63,493
 Net Income (A) $ 5,977 $ 3,045
 Net Income Per Share (A) $ .22 $ .11
 Weighted Average Common
 Shares 26,944 26,500
 (A) Adjusted for Subchapter S taxes. Prior to January 1992, company was a Subchapter S corporation and therefore not subject to federal income tax.
 -0- 4/30/92
 /CONTACT: Steve Hullett of ElectroCom Automation, 817-695-5252/
 (ECA) CO: ElectroCom Automation Inc. ST: Texas IN: SU: ERN


SH -- NY033 -- 4803 04/30/92 09:58 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
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