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AULT REPORTS SECOND QUARTER EARNINGS

 AULT REPORTS SECOND QUARTER EARNINGS
 MINNEAPOLIS, Dec. 23 /PRNewswire/ -- Ault Incorporated


(NASDAQ: AULT) today reported net sales of $5,711,000 for the second quarter ended Dec. 1, 1991, an increase of 26 percent from $4,540,000 a year ago. Earnings for this period were $132,000 or $.07 per share, compared to the net loss of $368,000 or $0.19 per share in the second quarter of 1991.
 For the first six months of fiscal 1992, net sales rose 22 percent to $11,418,000 from $9,391,000 a year ago. Earnings came to $292,000 or $.15 per share, compared to the net loss of $325,000 or $.17 per share in the first half of 1991.
 Frederick M. Green, president and chief executive officer, said Ault's turnaround in the first half of fiscal 1992 exceeded $600,000. This improvement, he continued, was attributable to strengthened management, enhanced performance at the company's Ault Korea manufacturing operation and strong continuing sales of the company's new line of universal input switching power supplies.
 The company's backlog totaled $8,664,000 at the end of the second quarter, down from $12,700,000 at the close of the first quarter. This reduction reflects the cancellation of power supply orders for two major laptop computer projects. These OEM customers were forced to delay their projects due to technical difficulties related to microchip components supplied by another vendor. Depending on the resolution of this microchip difficulty, both orders could be reactivated in the second half.
 The company's entire current backlog will ship in this year's third and fourth quarters. This fact, combined with new order activity, should enable the company to attain second half shipments comparable to the first half level. For this reason, the company continues to expect significantly improved results for the full year.
 Ault is the nation's largest independent manufacturer of external power supplies and battery chargers for high-end applications in telecommunications equipment, computers and peripherals, portable medical equipment and industrial products. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol AULT.
 -0- 12/23/91
 /CONTACT: Carlos S. Montague, chief financial officer of Ault Incorporated, 612-493-1900/
 (AULT) CO: Ault Incorporated ST: Minnesota IN: CPR SU: ERN


AL -- MN001 -- 4499 12/20/91 16:13 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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