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NUCLEAR METALS, INC. ANNOUNCES FOURTH QUARTER FISCAL 1993 RESULTS

 CONCORD, Mass., Dec. 2 /PRNewswire/ -- Nuclear Metals, Inc. (NASDAQ-NMS: NUCM) , the Concord, Mass., based manufacturer of specialized metal products, today announced financial results for the fourth quarter and full year ended Sept. 30, 1993
 Net loss for the fourth quarter was $3,537,000 or $1.54 per share on average shares outstanding of 2,294,664. This compares with net income of $275,000 or 12 cents per share on average shares outstanding of 2,294,664 for the same quarter a year earlier. Sales for the fourth quarter were $2,571,000 as compared to $8,891,000 for the fourth quarter last year.
 Net loss for the fiscal year was $6,207,000 or $2.70 per share (after the cumulative effect of an accounting change) compared with net income of $921,000 or 40 cents per share last year. Sales for the 12 month period ended Sept. 30, 1993 were $17,019,000 as compared to $42,083,000 in fiscal 1992.
 Backlog as of Sept. 30, 1993, was $8.3 million compared to $10.7 million as of Sept. 30, 1992.
 Losses are projected to continue into the first half of fiscal 1994 with a possible return to profitability targeted for the second half of the fiscal year based on further reductions in the company's cost structure and anticipated increases in business.
 Due to continued declines in U.S. Government defense budgets the future of large caliber penetrator work is uncertain. The company expects to realize strong growth for non-ordnance related products during fiscal 1994.
 Nuclear Metals Financial Information
 Fourth Quarter Ended Twelve Months Ended
 Sept. 30, Sept. 30, Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Sales $2,571,000 $8,891,000 $17,019,000 $42,083,000
 Income/(loss) before
 cumulative effect
 of accounting
 change (3,537,000) 275,000 (7,307,000) 921,000
 Cumulative effect
 of accounting
 change --- --- 1,100,000 ---
 Net income/(loss) $(3,537,000) $275,000 $(6,207,000) $921,000
 Per Share Information:
 Income before
 cumulative effect of
 accounting change $(1.54) 12 cents $(3.18) 40 cents
 Cumulative effect of
 accounting change --- --- 48 cents ---
 Net income $(1.54) 12 cents $(2.70) 40 cents
 Net average number
 of shares 2,294,664 2,294,664 2,294,664 2,302,096
 Backlog $8,285,000 $10,729,000
 -0- 12/2/93
 /CONTACT: James M. Spiezio, vice president, finance and controller, of Nuclear Metals, 508-369-5410/
 (NUCM)


CO: Nuclear Metals, Inc. ST: Massachusetts IN: MNG SU: ERN

JL-CM -- NE017 -- 9978 12/02/93 16:44 EST
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Date:Dec 2, 1993
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