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ENVIRONMENTAL ELEMENTS ANNOUNCES FIRST QUARTER RESULTS

 ENVIRONMENTAL ELEMENTS ANNOUNCES FIRST QUARTER RESULTS
 BALTIMORE, July 21 /PRNewswire/ -- Environmental Elements


Corporation (NYSE: EEC) today announced operating results for its first quarter ended June 30, 1992.
 The company incurred a loss from continuing operations of $1,864,000 ($.26 per share) for the quarter ended June 30, 1992. The loss was caused by the recognition of an increased loss of $1,879,000 ($.27 per share) relating to a contract from an electric utility involving the company's introduction of its licensed flue gas conditioning technology. Last year, the company reported first quarter income of $1,664,000 ($.24 per share). Sales were $22.5 million in this year's first quarter versus $26.5 million last year.
 Contract bookings for the quarter were $8.8 million, compared to $13.7 million last year. As a result, backlog stood at $61.7 million at quarter end versus $59.9 million at June 30, 1991, and $75.2 million at the beginning of the quarter.
 F. Bradford Smith, president and chief executive officer noted, "Apart from the loss relating to the flue gas conditioning contract, the company's other business resulted in nominal income of $15,000 reflecting continued weakness in sales coupled with decreased margins and higher selling expenses. Orders continue to be delayed due to economic influences on our industrial markets and continued slowness of utilities to make final commitments for Phase I Clean Air Act compliance. The margins have been impacted by certain increased project costs and competitive market factors. The increased selling expenses result from broader bidding and marketing activity.
 "The increased estimated loss on the flue gas conditioning contract was recently determined upon substantial completion of design engineering for the project, and arises primarily from increases in estimated field installation costs. The company does not presently have any other gas conditioning contracts."
 Environmental Elements Corporation, a leading air pollution control systems supplier for more than forty-five years, designs and supplies electrostatic precipitator, fabric filter, flue gas conditioning, flue gas desulfurization, acid gas cleaning and continuous emissions monitoring systems. Environmental Elements' systems enable a broad range of customers in the power generation, pulp and paper, waste to energy, rock products, metals and petrochemical industries to operate their facilities in compliance with particulate and gaseous emissions standards.
 For more information, contact John S. Lalley, Jr., Director Investor Relations and Corporate Communications at 410-368-7340.
 ENVIRONMENTAL ELEMENTS
 Summary Consolidated Financial Data
 (In thousands, except per-share data)
 Three months ended June 30 1992 1991
 Sales $22,215 $26,480
 Cost of sales 21,286 21,787
 Gross profit 929 4,693
 Operating expenses:
 Selling 1,464 1,171
 General and administrative 1,784 1,843
 Total 3,248 3,014
 Operating income (loss) (2,319) 1,679
 Interest income, net 129 271
 Other income (expense), net (11) (26)
 Income (loss) from continuing operations
 before income taxes (2,201) 1,924
 Provision (benefit) for income taxes (337) 260
 Income (loss) from continuing operations (1,864) 1,664
 Gain on disposal of discontinued
 operations, net 142 263
 Net income (loss) $(1,722) $1,927
 Per share of common stock and common
 stock equivalents:
 Income (loss) from continuing operations ($.26) $.24
 Income from discontinued operations .02 .04
 Net income (loss) ($.24) $.28
 Average shares outstanding 7,045 7,037
 Backlog, end of period $61,700 $59,900
 -0- 7/21/92
 /CONTACT: John S. Lalley Jr. of Environmental Elements, 410-368-7340/
 (EEC) CO: Environmental Elements Corporation ST: Maryland IN: SU: ERN


SF -- PH009 -- 1117 07/21/92 08:44 EDT
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Date:Jul 21, 1992
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