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NUCLEAR SUPPORT SERVICES REPORTS THIRD QUARTER, NINE MONTHS RESULTS

NUCLEAR SUPPORT SERVICES REPORTS THIRD QUARTER, NINE MONTHS RESULTS
 CAMPBELLTOWN, Pa., July 29 /PRNewswire/ -- Nuclear Support Services Inc. (NASDAQ: NSSI) today posted net earnings of $323,777 or $.15 per share for the third fiscal quarter ended June 30, 1992, compared to $712,357 or $.33 per share for the same period last year.
 Revenues were down slightly to $20,750,789 for the 1992 period compared to $21,473,537 during the 1992 fiscal quarter.
 Year to date net earnings totaled $358,802 or $.17 per share on revenues of $61,537,518 versus $771,055 or $.35 per share on revenues of $58,862,984 during the same 1991 nine month period.
 Joe C. Quick, president and chief executive officer, said, "For the three month period ending June 30, 1992, the non-nuclear valve repair business of Henze Services, Inc. showed modest improvements as compared to the preceding fiscal quarter, primarily as a result of cost cutting measures implemented during the second quarter. The recently consolidated business unit of NSS NUMANCO, Inc. performed satisfactorily during the current three month period, however, gross margins decreased compared to the same period last year as fewer integrated outages were scheduled over the course of the quarter."
 NSSI is a leading company providing support and maintenance to the nuclear power, fossil fuel and processing industries.
 NUCLEAR SUPPORT SERVICES
 Consolidated Statements of Operations
 (Unaudited)
 Three months ended June 30 1992 1991
 Revenues $20,750,789 $21,473,537
 Income from operations 862,329 1,460,969
 Other expense (321,552) (273,612)
 Earnings before tax benefit 540,777 1,187,357
 Provision for income taxes 217,000 475,000
 Net earnings 323,777 712,357
 Earnings per share 0.15 0.33
 Weighted average shares
 of common stock outstanding 2,167,704 2,173,650
 Nine months ended June 30 1992 1991
 Revenues $61,537,518 $58,862,984
 Income from operations 1,419,374 2,104,806
 Other expense (820,572) (819,751)
 Earnings before tax benefit 598,802 1,285,055
 Provision for income taxes 240,000 514,000
 Net earnings 358,802 771,055
 Earnings per share 0.17 0.35
 Weighted average shares
 of common stock outstanding 2,171,376 2,199,681
 /delval/
 -0- 7/29/92
 /CONTACT: Joe C. Quick, chairman, president and CEO of Nuclear Support Services, 717-838-8125/
 (NSSI) CO: Nuclear Support Services, Inc. ST: Pennsylvania IN: SU: ERN


CC -- PH031 -- 4668 07/29/92 14:00 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
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