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ATEK METALS CENTER, INC. REPORTS EARNINGS FOR THIRD QUARTER OF FISCAL 1992

 ATEK METALS CENTER, INC. REPORTS EARNINGS
 FOR THIRD QUARTER OF FISCAL 1992
 CINCINNATI, Aug. 14 /PRNewswire/ -- Atek Metals Center, Inc. (NASDAQ/NMS: ATKM) announced today its results for the third quarter of fiscal 1992. For the three months ended June 30, 1992, Atek reported net earnings of $331,000 ($0.08 per share) compared to $412,000 ($0.10 per share) for the third quarter of fiscal 1991. Revenues totaled $11,252,000 versus $13,129,000 in the third quarter of fiscal 1991. Average shares outstanding numbered 3,730,231 in fiscal 1992 and fiscal 1991.
 For the nine months ended June 30, 1992, the company showed net earnings of $538,000 ($0.12 per share) compared to $1,071,000 ($0.26 per share) for the same period in 1991. Revenues were $34,516,000 versus $40,353,000 in 1991.
 FINANCIAL SUMMARY
 (Dollars in thousands except per share data)
 Third Quarter Ended
 June 30
 1992 1991
 Revenues $11,252 $13,129
 Gross Profit 2,419 2,949
 Operating Profit 591 780
 Net Earnings 331 412
 Earnings Per Share 0.08 0.10
 Average Shares Outstanding 3,730,231 3,730,231
 Nine Months Ended
 June 30
 1992 1991
 Revenues $34,516 $40,353
 Gross Profit 7,294 9,036
 Operating Profit 1,342 2,314
 Net Earnings 538 1,071
 Earnings Per Share 0.12 0.26
 Average Shares Outstanding 3,730,231 3,730,231
 Atek Metals Center, Inc. provides high performance materials and manufacturing services worldwide through four related divisions:
 - Distribution
 - Polymet Corp. -- Specialty Wire Manufacturing and Processing
 - CTS, Inc. -- Specialty Coating Manufacturing Services
 - XYTORR Corp. -- Research and Development of Vacuum Coating
 Technology
 Atek's primary markets include the aircraft engine segment of the aerospace industry and the petrochemical segment of the chemical process industry.
 -0- 8/14/92
 /CONTACT: Barry F. Bucher, president and CEO of Atek Metals Center, Inc., 513-874-3490/
 (ATKM) CO: Atek Metals Center, Inc. ST: Ohio IN: ARO CHM SU: ERN


KK -- CL011 -- 0065 08/14/92 13:33 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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