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ELECTROCOM AUTOMATION REPORTS SALES AND EARNINGS INCREASES IN SECOND QUARTER AND FIRST HALF

 ELECTROCOM AUTOMATION REPORTS SALES AND EARNINGS INCREASES IN
 SECOND QUARTER AND FIRST HALF
 DALLAS, July 22 /PRNewswire/ -- ElectroCom Automation Inc. (NYSE: ECA) today reported significant increases in its 1992 second quarter and first half operating results over those of a year ago.
 For the second quarter ended June 30, 1992, the company had net income of $7,054,000, or 26 cents per share, a significant increase from the $4,447,000, or 17 cents per share, earned in the same period in 1991. Sales for the 1992 quarter were $125,553,000, approximately 66 percent above 1991's second quarter sales of $75,520,000.
 Net income for the first half were $13,031,000, or 48 cents per share, up from the $7,492,000, or 28 cents per share, earned in 1991s first six months. Sales in the first half of 1992 rose 56 percent to $217,052,000 from $139,013,000 in the comparable 1991 period.
 1991 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 not subject to federal income tax, which was the liability of the shareholders.
 R.S. Buzard, ElectroCom's president and chief executive officer, said the increases reflect the impact of several contracts with the U.S. Postal Service for document processing equipment. Substantially all of the increase was on a program which began delivery in June 1991.
 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)
 For the Quarter Ended June 30
 1992 1991
 Net Sales $125,553 $ 75,520
 Net Income(A) $ 7,054 $ 4,447
 Net Income Per Share(A) $ .26 $ .17
 Weighted Average Common Shares 27,166 26,500
 For the Six-Months Ended June 30
 1992 1991
 Net Sales $217,052 $139,013
 Net Income(A) $ 13,031 $ 7,492
 Net Income Per Share(A) $ .48 $ .28
 Weighted Average Common Shares 27,055 26,500
 (A) Adjusted for Subchapter S taxes. Prior to January 1992, company was a Subchapter S corporation not subject to federal income tax, which was the liability of shareholders.
 -0- 7/22/92
 /CONTACT: Steve Hullett of ElectroCom Automation, 817-695-3035/
 (ECA) CO: ElectroCom Automation Inc. ST: Texas IN: SU: ERN


PS -- NY050 -- 1854 07/22/92 11:30 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
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