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SECOND QUARTER EARNINGS REPORTED BY WILLIAMS CONTROLS

 PORTLAND, Ore., April 29 /PRNewswire/ -- Williams Controls Inc. (NASDAQ: WMCO) announced today through its chairman and chief executive officer, Thomas W. Itin, that net earnings for the quarter ended March 31, 1993, were $488,000 or 3 cents per share. For the like period in the prior year, net earnings were $159,000 or 1 cent per share. Net earnings for the six months ended March 31, 1993 were $819,000 or 6 cents per share. For the like six-month period in the prior year, net earnings were $214,000 (2 cents per share) before the cumulative effect of a change in accounting for income taxes of approximately $255,000 (2 cents per share) as a result of adopting FASB No. 109 as of Oct. 1, 1991. The change in accounting resulted in restated net earnings of $469,000 or 4 cents per share for the period. The increase in earnings is due primarily to increased sales and a reduction in administrative expenses.
 Sales for the quarter ended March 31, 1993 were $6,218,000 compared to $5,023,000 for the like period in the prior year, an increase of 24 percent. Sales for the six months ended March 31, 1993 were $12,015,000 compared to sales of $9,553,000 for the like period in the prior year, an increase of 26 percent. The increase in sales is due primarily to the demand for the company's electronic throttles which are used in conjunction with electronic engines. The electronic throttle product lines account for approximately 48 percent and 47 percent of sales for the three and six months ended March 31, 1993 compared to 44 percent and 43 percent for the three and six months ended March 31, 1992.
 Joseph W. Hovorka, president, stated, "The demand for our products remains strong and is reflected in the company's future sales orders which were approximately $4,400,000 at March 31, 1993 compared to approximately $2,900,000 at March 31,1992."
 Williams Controls manufactures a wide range of electronic controls, pneumatic and hydraulic controls, and exhaust brakes which are used primarily in the heavy vehicle industry worldwide.
 WILLIAMS CONTROLS INC.
 Selected Financial Data
 3 months 3 months 6 months 6 months
 3/31/93 3/31/92 3/31/93 3/31/92(A)
 Net sales $6,218,000 $5,023,000 $12,015,000 $9,553,000
 Earnings before
 cumulative effect of
 accounting change 488,000 159,000 819,000 214,000
 Cumulative effect of
 accounting change --- --- --- 255,00


0
 Net earnings $488,000 $159,000 $819,000 $469,000
 Earnings per common share:
 Earnings before cumulative
 effect of accounting
 change $.03 $.01 $.06 $.02
 Cumulative effect of
 accounting change --- --- --- .02
 Net earnings $.03 $.01 $.06 $.04
 (A) Includes the change in accounting for income taxes as a result
 of adopting FASB No. 109 effective Oct. 1, 1991.
 -0- 4/29/93
 /CONTACT: Thomas W. Itin of Williams Controls, 503-684-8600/
 (WMCO)


CO: Williams Controls Inc. ST: Oregon IN: SU: ERN

MC -- DV005 -- 2755 04/29/93 14:36 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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