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ZEUS COMPONENTS REPORTS SECOND QUARTER LOSS

 ZEUS COMPONENTS REPORTS SECOND QUARTER LOSS
 PORT CHESTER, N.Y., May 15 /PRNewswire/ -- Zeus Components, Inc.


(NASDAQ: ZEUS), a leading distributor of military semiconductors and passive components, and manufacturer of high reliability power hybrid circuits, reported a consolidated loss of $318,000 or $.12 per share, on revenues of $23,524,000, for the fiscal second quarter ended March 31, 1992.
 The current year results reflect the company's acquisition in June 1991 of Omnirel Corporation.
 In the comparable 1991 period, the company earned income of $397,000, or $.15 per share, on revenues of $26,248,000, including an extraordinary gain of $44,000. The company had an operating profit of $353,000 in the 1991 period. Results for 1990 do not include operations of Omnirel.
 ZEUS COMPONENTS, INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
 Three Months Ended Six Months Ended
 March 31 March 31
 1992 1991 1992 1991
 (000's omitted, except per share data)
 Net sales $ 23,524 $ 26,248 $46,544 $47,290
 Cost of goods sold 17,932 20,165 35,485 36,031
 Gross profit 5,592 6,083 11,059 11,259
 Selling, general and
 administrative expenses 4,968 4,881 10,252 9,618
 Provision for doubtful
 accounts 31 25 62 50
 Depreciation and amortiza-
 tion of property and
 equipment 373 196 746 395
 Interest expense and
 amortization of deferred
 note issuance costs 588 422 1,190 863
 Income (loss) before income
 taxes and extraordinary
 item ( 368) 559 (1,191) 333
 Provision (credit) for
 income taxes ( 50) 206 ( 242) 122
 Income (loss) before
 extraordinary item ( 318) 353 ( 949) 211
 Extraordinary item--gain
 from extinguishment of
 debt, net of income tax
 provision of $23, and
 $183 respectively --- 44 --- 312
 Net income (loss) $( 318) $ 397 $( 849) $ 523
 Income (Loss) per Common
 and Common Equivalent
 Share:
 Income (loss) before
 extraordinary item $( .12 ) $ .13 $( .35 ) $ .08
 Extraordinary item $ --- $ .02 $ --- $ .11
 Net income (loss) $( .12 ) $ .15 $( .35 ) $ .19
 Number of shares used
 in computation 2,695,571 2,700,607 2,695,571 2,700,607
 -0- 5/15/92
 /CONTACT: Martin S. Fawer, treasurer and chief financial officer, Zeus, 914-937-7400/
 (ZEUS) CO: Zeus Components Inc. ST: New York IN: ARO SU: ERN


KD-DB -- NY087 -- 0927 05/15/92 16:30 EDT
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Publication:PR Newswire
Date:May 15, 1992
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