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KASLER CORP. ANNOUNCES HIGHER THIRD QUARTER NET EARNINGS

 KASLER CORP. ANNOUNCES HIGHER THIRD QUARTER NET EARNINGS
 SAN BERNARDINO, Calif., Sept. 3 /PRNewswire/ -- Kasler Corp. (NYSE: KAS), a leader in the highway and heavy construction industry, today announced it recorded higher net earnings for the third quarter and nine months ended July 31, 1992.
 Net earnings for the third quarter increased to $1,614,000, or 16 cents per share, on revenues of $39,327,000, compared with net earnings of $1,583,000, or 16 cents per share, on revenues of $51,674,000 for the like period last year.
 The company's earnings for the nine-month period rose to $4,711,000, or 47 cents per share, on revenues of $117,507,000, compared with net earnings of $3,970,000, or 43 cents per share, on revenues of $145,488,000 for the nine-month period in 1991.
 Chairman and Chief Executive Officer J.L. Feller associated the positive earnings growth to higher gross profit margins on the company's existing projects. Feller noted the third quarter earnings mark the company's 24th consecutive positive quarter.
 The decrease in revenues for the quarter and nine months was attributed to the lack of new major work being booked.
 "We are determined to stay competitive in today's market. To accomplish this, we have formed estimating teams that will focus on specific projects, and we are pursuing joint venture partnerships for significant heavy construction opportunities and for certain projects located outside of California. There are many bidding possibilities in California and other western states, and we are very optimistic that Kasler will be successful," said Feller.
 The company's backlog as of July 31, 1992 was approximately $157 million as compared with $205 million in the third quarter of last year.
 Third quarter and nine-month figures are as follows:
 KASLER CORP.
 Summary of Results of Operations
 (Unaudited)
 Period Ending
 Third Quarter July 31, 1992 July 31, 1991
 Revenues $ 39,327,000 $51,674,000
 Net earnings 1,614,000 1,583,000
 Earnings per share .16 .16
 Average shares outstanding 10,025,977 9,952,418
 Nine Months
 Revenues $117,507,000 $145,488,000
 Net earnings 4,711,000 3,970,000
 Earnings per share .47 .43
 Average shares outstanding 10,011,495 9,130,942
 Kasler Corporation is a general contractor engaged in the construction of concrete roadways, rapid transit, bridges and other infrastructure-related projects, including airport runways and water control distribution facilities.
 -0- 9/3/92
 /CONTACT: Jack Feller or John Cash, 714-884-4811, both of Kasler; or Lawrence B. Stauffer of Porter LeVay & Rose, 212-564-4700, for Kasler/
 (KAS) CO: Kasler Corp. ST: California IN: CST SU: ERN


AL -- LA005 -- 6252 09/03/92 09:02 EDT
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Date:Sep 3, 1992
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