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PEERLESS MFG. CO. ANNOUNCES QUARTERLY RESULTS

 DALLAS, Sept. 9 /PRNewswire/ -- Peerless Mfg. Co. (NASDAQ-NMS: PMFG), manufacturer of separators and filters used primarily in the petroleum and chemical processing industries and environmental protection equipment, announces consolidated earnings of $0.11 per share in its fiscal year ended June 30, 1993, compared to earnings of $0.68 per share in the previous year. The fourth quarter for fiscal 1993 results were a profit of $0.12 per share compared to $0.13 per share in the fiscal 1992 fourth quarter.
 On a consolidated basis, incoming orders for the fiscal year totaled $25,922,000 with shipments of $25,797,000 resulting in a June 30, 1993 backlog of $16,338,000 up for $16,213,000 a year earlier.
 PEERLESS MFG. CO.
 Statement of Earnings
 Three Months Ended June 30, 1993 1992
 Sales $ 6,159,252 $ 6,349,386
 Net Earnings $ 177,527 $ 196,892
 Earnings Per Common Share $ .12 $ .13
 Weighted Average Shares Outstanding 1,437,492 1,435,867
 Twelve Months Ended June 30, 1993 1992
 Sales $25,797,270 $23,058,643
 Net Earnings $ 155,057 $ 979,549
 Earnings Per Common Share $ .11 $ .68
 Weighted Average Shares Outstanding 1,436,680 1,435,478
 -0- 9/9/93
 /CONTACT: Sherrill Stone, chairman, chief executive officer, or Gene Elrod, chief financial officer, 214-357-6181, both of Peerless Mfg. Co./
 (PMFG)


CO: Peerless Mfg. Co. ST: Texas IN: OIL SU: ERN

SM -- NY018 -- 0230 09/09/93 10:30 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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