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GILBERT ASSOCIATES REPORTS SECOND QUARTER EARNINGS

 GILBERT ASSOCIATES REPORTS SECOND QUARTER EARNINGS
 READING, Pa., July 31 /PRNewswire/ -- Gilbert Associates, Inc.


(NASDAQ: GILBA) reported today the following results of operations for the quarter and six-month periods ended July 3, 1992, and the comparison to the corresponding periods of the previous year:
 GILBERT ASSOCIATES, INC.
 Quarter ended July 3, 1992 June 28, 1991
 Consolidated revenues $73,977,000 $68,179,000
 Consolidated income before
 income taxes 3,942,000 3,029,000
 Consolidated net income 2,355,000 1,871,000
 Consolidated net income per share $.30 $.24
 Average number of shares
 outstanding 7,699,628 7,766,642
 Six months ended July 3, 1992 June 28, 1991
 Consolidated revenues $150,502,000 $132,750,000
 Consolidated income before
 income taxes 7,323,000 6,403,000
 Consolidated net income 4,409,000 4,199,000
 Consolidated net income per share $.57 $.54
 Average number of shares
 outstanding 7,698,106 7,775,290
 The board of directors of Gilbert Associates, Inc., at its meeting held today, declared a regular quarterly dividend of $0.18 per share on both the Class "A" and Class "B" common stock for the company, payable Sept. 10, 1992, to shareholders of record at the close of business Aug. 14.
 In addition, the board of directors authorized the company to repurchase up to $6 million worth of Class A common stock. The repurchases will be made from time to time in the open market.
 /delval/
 -0- 7/31/92
 /CONTACT: James R. Itin of Gilbert Associates, 215-775-5900/
 (GILB) CO: Gilbert Associates, Inc. ST: Pennsylvania IN: SU: ERN


MJ-MK -- PH014 -- 5570 07/31/92 11:39 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
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