Eltron International Second-Quarter Revenues Gain 21 Percent, EPS Up 19 Percent Over Corresponding Quarter of 1996.

SIMI VALLEY, Calif.--(BUSINESS WIRE)--July 24, 1997--Eltron International Inc. (NASDAQ/NM:ELTN) Thursday announced results of its second quarter ended June 30, 1997.

Sales for the second quarter increased more than 21% to $27.5 million from $22.7 million for the same period last year. Net income was up 19% for the quarter, jumping to $3.4 million from $2.8 million during the second quarter of 1996. Second-quarter earnings per share advanced 19% to $0.43 per share, from $0.36.

"We have once again achieved record sales and earnings," Chairman and Chief Executive Officer Donald K. Skinner said. "We experienced growth in all aspects of our business and are particularly pleased with the continued strong growth of our on-demand color card printers and supplies business. We are also encouraged by our continued progress in the Far East."

ISO 9002 certified, Eltron International designs, manufactures and markets high-quality, low-cost thermal label and plastic card printers, verifiers, software, label media and related accessories used worldwide by the health-care, retail, manufacturing, package delivery, financial services, identification and security industries.

Eltron has corporate headquarters in Simi Valley and additional facilities throughout the United States, Europe and the Far East. -0-

                      Eltron International Inc.
                        Financial Highlights
                   (in 000s, except per-share data)

                                               Three Months Ended
                                                    June 30,
                                                1996        1997

Sales                                        $ 22,730    $ 27,513
Gross profit                                    9,940      12,077
SG&A                                            4,161       4,883
Research & development                          1,279       1,895
Write-off of in-process technology
 and other acquisition-related expenses            --          --
Income from operations                          4,500       5,299
Other expense (income), net                       (19)        (24)
Profit before taxes                             4,519       5,323
Provision for income taxes                      1,695       1,970
Net income (loss)                               2,824       3,353
Earnings (loss) per share                    $   0.36    $   0.43
Average weighted shares outstanding             7,756       7,887

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                                                 Six Months Ended
                                                     June 30,
                                                1996          1997

Sales                                        $ 41,749    $   50,683
Gross profit                                   18,708        22,387
SG&A                                            7,897         9,632
Research & development                          2,517         3,431
Write-off of in-process technology
 and other acquisition-related expenses         3,199            --
Income from operations                          5,095         9,324
Other expense (income), net                       (62)         (137)
Profit before taxes                             5,157         9,461
Provision for income taxes                      3,076         3,499
Net income (loss)                               2,081         5,962
Earnings (loss) per share                    $   0.27    $     0.76
Average weighted shares outstanding             7,769         7,884

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                           Balance Sheet Data

                          12/31/96     6/30/97

Working Capital          $  34,625    $ 39,993
Total Assets             $  54,245    $ 60,653
Long-term Debt           $     811    $    867
Shareholders' Equity     $  43,551    $ 49,402

CONTACT: Eltron International Inc., Simi Valley

Donald K. Skinner/Daniel C. Toomey, 805/579-1800