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HADCO CORPORATION REPORTS EARNINGS RESULTS -- FISCAL YEAR 1993

 SALEM, N.H., Nov. 29 /PRNewswire/ -- Hadco Corporation (NASDAQ: HDCO) today announced that net income for the fiscal quarter ended Oct. 30, 1993, was $2.4 million, or 22 cents per share, on net sales of $47.5 million. Net income for the fiscal year was $8.2 million, or 76 cents per share, on net sales of $189.5 million.
 In comparison, net income for the fourth quarter of fiscal 1992 was $2.5 million, or 23 cents per share, on $47.5 million of net sales. Net income for fiscal 1992 was $8.1 million, or 75 cents per share, on $183.4 million of net sales.
 Bookings for the fourth quarter of fiscal 1993 were $47.2 million, down 1.9 percent from $48.1 million in the fourth quarter of fiscal 1992. Bookings for fiscal 1993 were $185.2 million, up slightly from $184.2 million during fiscal 1992. Total backlog at the end of the fourth quarter of fiscal 1993 was $28.4 million, down from $30.4 million at the end of the fourth quarter of fiscal 1992. Total backlog at the end of the third quarter of fiscal 1993 was $27.2 million.
 Hadco Corporation is a leading supplier of electronic interconnect products and services. Markets served include original equipment manufacturers and contract assemblers in the computer, telecommunications, automotive, medical instruments, and industrial automation sectors of the electronics industry. Hadco's wide range of services and products provide a singular solution to the industry's accelerating time-to-market requirements. Hadco offers extensive printed circuit design and engineering services, dedicated quick turn-around prototype and development fabrication, complex technology volume production fabrication, backplane assemblies and added-value sub-assemblies, as well as a complete array of assembly capabilities.
 Hadco operates six manufacturing facilities in the United States located in New Hampshire, New York and California.
 The figures are as follows:
 HADCO CORPORATION
 Consolidated Summary Statements of Income
 (all dollar amounts, except per share data, in thousands)
 Three Months Ended Year Ended
 Oct. 30, Oct. 31, Oct. 30, Oct. 31,
 1993 1992 1993 1992
 (unaudited)
 Net sales $47,544 $47,487 $189,494 $183,408
 Gross profit 9,092 9,239 35,393 34,160
 Operating income 4,032 4,042 13,710 13,404
 Income before provision
 for income taxes 3,814 3,750 12,941 12,165
 Net income 2,385 2,474 8,227 8,075
 Net income per common and
 common equivalent share 22 cents 23 cents 76 cents 75 cents
 Weighted average common
 and common equivalent
 shares outstanding 10,787,700 10,734,748 10,819,451 10,808,442
 HADCO CORPORATION
 Consolidated Summary Balance Sheets
 (all dollar amounts in thousands)
 Oct. 30, Oct. 31,
 1993 1992
 Cash, cash equivalents and
 short-term investments $27,445 $25,940
 Other current assets 32,745 29,653
 Net property, plant and equipment 48,382 47,570
 Other assets 1,728 390
 Total $110,300 $103,553
 Current liabilities $32,487 $32,432
 Other liabilities 9,382 11,758
 Stockholders' investment 68,431 59,363
 Total $110,300 $103,553
 -0- 11/29/93
 /CONTACT: Rodney P. DeRego, vice president and chief financial officer of Hadco, 603-898-8000/
 (HDCO)


CO: Hadco Corporation ST: New Hampshire IN: CPR SU: ERN

DJ-CM -- NE014 -- 8461 11/29/93 17:16 EST
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Date:Nov 29, 1993
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