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AUTOCLAVE ENGINEERS, INC. REPORTS FISCAL 1993 THIRD-QUARTER/NINE-MONTH RESULTS

 ERIE, Pa., March 29 /PRNewswire/ -- Autoclave Engineers, Inc. (NASDAQ: ACLV) today reported results for the third quarter and first nine months of fiscal 1993, ended Feb. 28, 1993.
 Net sales for the third quarter were $17,438,000 compared to $21,373,000 in the same period last year. This resulted in a net loss of ($542,000) or ($0.13) per share vs. last year's net income of $351,000 or $0.08 per share.
 The first nine months of fiscal 1993 resulted in a net loss of ($404,000) or ($0.10) per share on net sales of $56,171,000. For the same period of 1992, net income was $882,000 or $0.21 per share on net sales of $58,329,000.
 William F. Schilling, president and CEO, said, "We announced at the end of February that, due to operating difficulties at Unit Instruments and lower-than-expected volume at the Autoclave Engineers Group, we expected a modest loss for the quarter. Actual results were slightly lower than anticipated, but changes have been implemented at Unit and progress toward timely resolution of their operating problems is being closely monitored."
 Commenting on the outlook for the fourth quarter, Schilling said, "Continuing good control of operating expense coupled with shipment of a large order should result in a strong fourth quarter at Burton Corblin, despite the continued difficult economic environment in B.C.'s markets worldwide. The low level of activity in the Autoclave Engineers Group's (the Group) research markets will persist in the fourth quarter. The Group also may experience an increase in inventory due to start-up activities associated with a new product. Therefore, we anticipate the Group's profit will be modest at best. Semiconductor market activity is improving, and this should result in increased volume for Unit Instruments. Their level of profitability depends on how quickly we realize the positive impact of the changes they are making."
 Autoclave Engineers, Inc., headquartered in Erie, with subsidiaries in Erie; Yorba Linda, Calif.; and Nogent, France, is a recognized leader in providing high quality engineered products for chemical research and related process markets throughout the world.
 AUTOCLAVE ENGINEERS, INC.
 Consolidated Statement of Earnings
 Period Third Quarter Nine Months
 Ended 2/28/93 2/29/92 2/28/93 2/29/92
 Net sales $17,438,000 $21,373,000 $56,171,000 $58,329,000
 Net income (loss) (542,000) 351,000 (404,000) 882,000
 Net income (loss)
 per share $(0.13) $0.08 $(0.10) $0.21
 Average shares used
 to compute earnings
 per share 4,213,620 4,239,807 4,220,067 4,233,276
 /delval/
 -0- 3/29/93
 /CONTACT: Thomas C. Guelcher, chief financial officer of Autoclave Engineers, 814-838-5804/
 (ACLV)


CO: Autoclave Engineers, Inc. ST: Pennsylvania, California IN: CHM SU: ERN

DM-JG -- PG018 -- 0743 03/29/93 17:37 EST
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Date:Mar 29, 1993
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