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ZEUS COMPONENTS REPORTS FIRST QUARTER LOSS

 ZEUS COMPONENTS REPORTS FIRST QUARTER LOSS
 PORT CHESTER, N.Y., Feb. 14 /PRNewswire/ -- Zeus Components, Inc.,


a leading distributor of military semiconductors and passive components, and manufacturer of high reliability power hybrid circuits, reported a consolidated loss of $631,000, or $.23 per share, on revenues of $23,020,000, for the fiscal first quarter ended Dec. 31, 1991.
 The current year results reflect the company's acquisition in June 1991 of Omnirel Corporation.
 In the comparable 1990 period, the company earned income of $126,000, or $.05 per share, on revenues of $21,042,000, including an extraordinary gain of $268,000. The company had realized an operating loss of $142,000 in the 1990 period. Results for 1990 do not include operations of Omnirel.
 ZEUS COMPONENTS, INC. AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 (000's omitted, except per share data)
 Three Months ended Dec. 31; 1991 1990
 Net sales $23,020 $ 21,042
 Cost of goods sold 17,553 15,866
 Gross profit 6,467 5,176
 S,G&A expenses 5,350 4,737
 Provision for doubtful accounts 31 26
 Depreciation and amortization
 of property and equipment 307 199
 Interest expense and amortization
 of deferred note issuance costs 602 441
 Loss before income taxes and
 extraordinary item (823) (226)
 Income tax credit (192) (84)
 Loss before extraordinary item (631) (142)
 Extraordinary item - gain from
 extinguishment of debt, net of
 income tax provision of $160 -- 268
 Net income (loss) (631) 128
 Loss per common and common
 equivalent share:
 Loss before extraordinary item (.23) (.05)
 Extraordinary item -- .10
 Net income (loss) (.23) .05
 Number of shares used in
 computation 2,707,386 2,695,571
 -0- 2/14/92
 /CONTACT: Martin S. Fawer, treasurer and chief financial officer of Zeus Components, 914-937-7400/ CO: Zeus Components, Inc. ST: New York IN: ARO SU: ERN


JT-AO -- NY059 -- 0331 02/14/92 16:00 EST
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Publication:PR Newswire
Date:Feb 14, 1992
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