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NUCLEAR METALS, INC. ANNOUNCES SECOND QUARTER FISCAL 1993 RESULTS

 CONCORD, Mass., April 21 /PRNewswire/ -- Nuclear Metals, Inc., a manufacturer of specialized metal products, today announced financial results for the second quarter ended March 31, 1993.
 Net income for the quarter was $74,000 or 3 cents per share on average shares outstanding of 2,294,664. This compares with $180,000 or 8 cents per share on average shares outstanding of 2,294,664 for the same quarter a year earlier. Sales for the second quarter were $4,719,000 as compared to $11,329,000 for the second quarter last year.
 Earnings for the six-month period were $1,330,000 or 58 cents per share compared with $298,000 or 13 cents per share last year. Sales for the six-month period were $10,591,000 as compared to $22,447,000 in fiscal 1992.
 Backlog as of March 31, 1993 was $9.5 million compared to $10.7 million as of Sept. 30, 1992.
 The company continues to anticipate the doubling of earnings for the full fiscal year over the prior year.
 Nuclear Metals Financial Information
 Second Quarter Ended Six Months Ended
 March 31, March 31, March 31, March 31,
 1993 1992 1993 1992
 Sales $4,719,000 $11,329,000 $10,591,000 $22,447,000
 Income before
 cumulative effect
 of accounting
 change 74,000 180,000 230,000 298,000
 Cumulative effect of
 Accounting change --- --- 1,100,000 ---
 Net income $74,000 $180,000 $1,330,000 $298,000
 Per Share Information
 Income before cumulative
 Effect of accounting
 change 3 cents 8 cents 10 cents 13 cents
 Cumulative effect of
 Accounting Change --- --- 48 cents ---
 Net income 3 cents 8 cents 58 cents 13 cents
 Net average number
 of shares 2,294,664 2,294,664 2,294,664 2,312,915
 Backlog $9,546,000$22,446,000
 -0- 4/20/93
 /CONTACT: Daral D. Ferguson, vice president, finance, of Nuclear Metals, Inc., 508-263-3119/


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

DD -- NE023 -- 8995 04/21/93 17:02 EDT
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Date:Apr 21, 1993
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