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GILBERT ASSOCIATES ANNOUNCES RESULTS

 GILBERT ASSOCIATES ANNOUNCES RESULTS
 READING, Pa., Oct. 30 /PRNewswire/ -- Gilbert Associates, Inc.


(NASDAQ: GILBA) reported today the following results of operations for the quarter and nine month periods ended Oct. 2, 1992, and the comparison to the corresponding period of the previous year:
 Quarter ended Oct. 2, 1992 Sept. 27, 1991
 Consolidated revenues $75,266,000 $65,296,000
 Consolidated income (loss)
 before income taxes 3,893,000 (3,803,000)
 Consolidated net income (loss) 2,338,000 (2,710,000)
 Consolidated net income (loss)
 per share $.31 ($.35)
 Average number of shares
 outstanding 7,558,910 7,725,491
 Nine months ended Oct. 2, 1992 Sept. 27, 1991
 Consolidated revenues $225,768,000 $198,046,000
 Consolidated income
 before income taxes 11,216,000 2,600,000
 Consolidated net income 6,747,000 1,489,000
 Consolidated net income per share $.88 $.19
 Average number of shares
 outstanding 7,651,707 7,758,690
 Consolidated net income (loss) for the quarter and nine months ended Sept. 27, 1991, was decreased by expenses of $4,920,000 (net of income tax benefit of $2,480,000) or $.64 per share associated with the realizability of certain assets, anticipated losses on certain contracts and restructuring charges to address the current business environment within the engineering and consulting segment. The restructuring charge primarily includes costs for severance, employee relocation and facilities consolidation. The contract loss provision includes amounts related to a contract in the Middle East.
 The board of directors of Gilbert Associates, Inc., at its meeting held today, declared a regular quarterly dividend of $.18 per share on both the Class "A" and Class "B" common stock of the company, payable Dec. 10, 1992, to shareholders of record at the close of business Nov. 16, 1992.
 /delval/
 -0- 10/30/92
 /CONTACT: James R. Itin of Gilbert Associates, 215-775-5900/
 (GILB) CO: Gilbert Associates, Inc. ST: Pennsylvania IN: SU:


CC-JS -- PH014 -- 7073 10/30/92 11:22 EST
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Date:Oct 30, 1992
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