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ALLIED HEALTHCARE PRODUCTS INC. ANNOUNCES RECORD YEAR-END RESULTS

 ST. LOUIS, Aug. 2 /PRNewswire/ -- Allied Healthcare Products Inc. (NASDAQ-NMS: AHPI) today reported record results for its fiscal year ended June 30, 1993. Net income for fiscal year 1993 climbed 21 percent to $6,741,785, or $0.94 per share, vs. $5,588,592, or $0.78 per share, a year ago. Net sales for the 12-month period rose 5 percent to $61,229,789, from $58,602,879 last year.
 For the fourth quarter ended June 30, 1993, net income was $1,779,144, or $0.30 per share, vs. $1,793,075, or $0.23 per share, for the same period a year ago. Net sales for the fourth quarter rose 8 percent to $15,520,669, from $14,402,438 a year earlier, while earnings per share rose 30 percent. In March, Allied completed a repurchase of 2,303,492 shares of its outstanding common stock, thereby reducing shares outstanding by 29 percent.
 Allied noted that its record performance for fiscal 1993 reflects a 30 percent sales increase in homecare products over last year, as well as a 31 percent increase in international sales. Allied's order backlog increased 16 percent from a year ago.
 Allied Healthcare Products Inc. is an industry leader in the manufacturing and marketing of medical gas equipment and respiratory therapy products. Allied operates principally within three areas of the healthcare industry: hospital construction and renovation; inpatient respiratory and suction therapies; and the home respiratory market.
 ALLIED HEALTHCARE PRODUCTS INC.
 Statement of Income
 Three Months Ended June 30: 1993 1992
 Net sales $15,520,669 $14,402,438
 Cost of sales 9,229,623 8,344,234
 Gross profit 6,291,046 6,058,204
 Pct. to sales 40.5 pct 42.1 pct
 Selling, general and
 administrative expenses 3,237,365 3,362,811
 Income from operations 3,053,681 2,695,393
 Pct. to sales 19.7 pct 18.7 pct
 Other expenses:
 Interest expense $210,696 $31,411
 Other, net 3,841 46,310
 Total 214,537 77,721
 Income before provision
 for income taxes 2,839,144 2,617,672
 Pct. to sales 18.3 pct 18.2 pct
 Provision for income taxes $1,060,000 $824,597
 Net income $1,779,144 $1,793,075
 Pct. to sales 11.5 pct 12.4 pct
 Earnings per share $0.30 $0.23
 ALLIED HEALTHCARE PRODUCTS INC.
 Statement of Income
 12 Months Ended June 30: 1993 1992
 Net sales $61,229,789 $58,602,879
 Cost of sales 36,176,344 35,461,744
 Gross profit 25,053,445 23,141,135
 Pct. to sales 40.9 pct 39.5 pct
 Selling, general and
 administrative expenses 13,869,224 13,352,320
 Income from operations 11,184,221 9,788,815
 Pct. to sales 18.3 pct 16.7 pct
 Other expenses:
 Interest expense $209,969 $947,886
 Other, net 275,467 149,337
 Total 485,436 1,097,223
 Income before provision
 for income taxes 10,698,785 8,691,592
 Pct. to sales 17.5 pct 14.8 pct
 Provision for income taxes 3,957,000 3,103,000
 Net income $6,741,785 $5,588,592
 Pct. to sales 11.0 pct 9.5 pct
 Earnings per share $0.94 $0.78
 -0- 8/2/93
 /CONTACT: David V. LaRusso of Allied Healthcare Products, 3l4-77l-2400; or Gary S. Maier of Pondel Parsons & Wilkinson, 310-207-9300, for Allied Healthcare Products/
 (AHPI)


CO: Allied Healthcare Products Inc. ST: Missouri IN: HEA SU: ERN

BP-LS -- LA007 -- 8165 08/02/93 08:31 EDT
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Date:Aug 2, 1993
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