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HADCO CORPORATION REPORTS RECORD SECOND QUARTER RESULTS

 HADCO CORPORATION REPORTS RECORD SECOND QUARTER RESULTS
 SALEM, N.H., May 14 /PRNewswire/ -- Hadco Corporation (NASDAQ: HDCO) today announced that net income for the fiscal quarter ended May 2, 1992, was $2.3 million, or 21 cents per share, on net sales of $47.1 million. Net income for the first six months of fiscal 1992 was $3.6 million, or 34 cents per share, on net sales of $90.6 million.
 In comparison, net income for the second quarter of fiscal 1991 was $1.7 million, or 16 cents per share, on $39.2 million of net sales. Net income for the first six months of fiscal 1991 was $2.3 million, or 21 cents per share, on $72.6 million of net sales.
 Bookings for the second quarter of fiscal 1992 were $47.5 million, up 11.2 percent from $42.7 million in the second quarter of fiscal 1991. Bookings through the second quarter of fiscal 1992 were $94.8 million, up 30.5 percent from $72.6 million through the second quarter of fiscal 1991. Total backlog at the end of the second quarter of fiscal 1992 was $33.4 million, up from $23.8 million at the end of the second quarter of fiscal 1991. Total backlog at the end of the first quarter of fiscal 1992 was $32.7 million.
 Patrick Sweeney, president and chief executive officer, stated, "We are pleased with our financial performance thus far in fiscal 1992. Revenue for the first half of the year is at a record level and 24 percent above the same period last year. Net income from continuing operations for the first half of the year is also at a record level and 60 percent above the same period last year. All of our business units are experiencing an increase in demand from our customers. Our ability to respond to the current demand level and continued operational performance improvements are the reasons for our success."
 Hadco is the largest North American independent manufacturer of dense double-sided and multi-layer printed circuits, serving customers in the computer, telecommunications, automotive, and instrumentation, including medical and industrial automation industries. The company also manufactures backplanes for electronic interconnect systems. It operates six facilities in the United States.
 HADCO CORPORATION
 Consolidated Summary Statements of Income
 (all dollar amounts, except per share data, in thousands)
 (Unaudited)
 Three Months Ended Six Months Ended
 5/2/92 4/27/91 5/2/92 4/27/91
 Net sales $47,116 $39,156 $90,638 $72,649
 Income before provision
 for income taxes 3,574 2,767 5,661 3,591
 Net income 2,265 1,740 3,629 2,263
 Net income per common &
 common equivalent share 21 cents 16 cents 34 cents 21 cents
 Weighted average common
 and common equivalent
 shares outstanding 10,992,012 10,926,542 10,758,764 10,956,049
 Consolidated Summary Balance Sheets
 (all dollar amounts in thousands)
 May 2, Oct. 26,
 1992 1991
 (Unaudited)
 Current assets $51,766 $51,263
 Net property, plant
 and equipment 46,629 47,327
 Other assets 541 629
 Total $98,936 $99,219
 Current liabilities $27,061 $29,700
 Other liabilities 16,432 18,958
 Stockholders' investment 55,443 50,561
 Total $98,936 $99,219
 -0- 5/14/92
 /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


TM-SH -- NE005 -- 0247 05/14/92 12:36 EDT
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Date:May 14, 1992
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