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SEVENSON ENVIRONMENTAL SERVICES, INC. REPORTS EARNINGS FOR THE YEAR AND QUARTER ENDED DEC. 31, 1992

 NIAGARA FALLS, N.Y., Feb. 8 /PRNewswire/ -- Sevenson Environmental Services, Inc. (NASDAQ-NMS: SEVN) today reported earnings for the year and fourth quarter ended Dec. 31, 1992.
 Revenues for 1992 were $69,038,915 vs. $48,352,526 in 1991, an increase of 43 percent. Net earnings for the year were up 5 percent to $5,356,077, or $.83 a share, vs. $5,091,450, or $.78, a share in 1991.
 Fourth quarter revenues were $20,091,277, up 95 percent from last year's fourth quarter revenues of $10,327,262. Net earnings for the quarter were $1,562,022, or $.24 a share, a 252 percent increase over 1991 fourth quarter earnings of $443,716, or $.07 a share.
 Sevenson President Michael A. Elia said, "These results reflect the improvement we saw in our business in 1992 after a very difficult 1991 recession year. I am pleased with our company's ability to recover so well in 1992, and look forward to further progress this year."
 Sevenson provides a comprehensive range of field services for the remediation of sites and facilities contaminated by hazardous materials. The company, which is headquartered in Niagara Falls, operates in the United States and Canada. Since entering the site remediation business in 1979, the company has performed over 350 projects including projects at the Love Canal and at 32 other Superfund sites.
 SEVENSON ENVIRONMENTAL SERVICES, INC. AND SUBSIDIARIES
 Consolidated Statements of Earnings
 Three Months Ended Dec. 31 1992 1991
 Revenues:
 Contracts $20,024,035 $10,189,592
 Other 67,242 137,670
 20,091,277 10,327,262
 Costs and expenses:
 Cost of contracts:
 Direct costs 15,084,054 7,515,970
 Indirect costs 907,091 916,576
 Selling, general and administrative 1,539,365 1,533,762
 17,530,510 9,966,308
 Earnings from operations 2,560,767 360,954
 Other:
 Interest income 283,082 422,554
 Interest expense (5,036) (32,529)
 Gain (loss) on sale of property
 and equipment 9,050 (263)
 287,096 389,762
 Earnings before income taxes 2,847,863 750,716
 Income taxes 1,066,000 307,000
 Earnings from continuing operations 1,781,863 443,716
 Loss from discontinued operations,
 net of income taxes (219,841) --
 Net earnings 1,562,022 443,716
 Earnings per share:
 Earnings from continuing operations $.28 $.07
 Loss from discontinued operations $(.04) --
 Net earnings $.24 $.07
 Years Ended Dec. 31 1992 1991 1990
 Revenues:
 Contracts $68,664,317 $47,960,913 $74,407,978
 Other 374,598 391,613 276,593
 69,038,915 48,352,526 74,684,571
 Costs and expenses:
 Cost of contracts:
 Direct costs 52,048,401 32,971,750 55,389,812
 Indirect costs 3,075,036 3,310,216 3,002,184
 Selling, general & adm. 6,240,940 5,707,538 5,627,749
 61,364,377 41,989,504 64,019,745
 Earnings from operations 7,674,538 6,363,022 10,664,826
 Other:
 Interest income 1,267,625 1,806,383 1,976,643
 Interest expense (143,152) (195,557) (211,141)
 Gain (loss) on sale of
 property and equipment (28,093) (15,398) 333,371
 1,096,380 1,595,428 2,098,873
 Earns. before income taxes 8,770,918 7,958,450 12,763,699
 Income taxes 3,195,000 2,867,000 4,800,000
 Earns. from cont. opers. 5,575,918 5,091,450 7,963,699
 Discontinued operations
 Loss from operations, net
 of income taxes (219,841) -- --
 Net earnings 5,356,077 5,091,450 7,963,699
 Earnings per share
 Earns. from cont. opers. $.87 $.78 $1.21
 Loss from discont. opers. $(.04) -- --
 Net earnings $.83 $.78 $1.21
 Weighted average number of
 shares outstanding 6,446,700 6,550,387 6,600,000
 -0- 2/8/93
 /CONTACT: William J. McDermott, vice president-finance, of Sevenson Environmental, 716-284-0431/
 (SEVN)


CO: Sevenson Environmental Services, Inc. ST: New York IN: SU: ERN

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