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AZTEC MANUFACTURING REPORTS HIGHER SALES AND NET INCOME FOR FISCAL SECOND QUARTER AND SIX MONTH PERIODS

 CROWLEY, Texas, Sept. 22 /PRNewswire/ -- Aztec Manufacturing Co. (NASDAQ-NMS: AZTC), a producer of electrical products for power generation markets and galvanizing services, had higher sales and net income for its fiscal second quarter and six months ended Aug. 31, 1993, L.C. Martin, chairman, president and chief executive officer, announced today.
 Sales for the quarter were $10.4 million, compared with $7.7 million reported in the corresponding period a year ago. Net income advanced to $517,000, equal to nine cents per share, from $233,000, or four cents per share, attained in the year earlier period.
 For the fiscal six months, Aztec's sales rose 33 percent to $20.2 million from $15.3 million in the prior year, while net income increased 96 percent to $1.1 million, or 19 cents per share, compared with $554,000, or 10 cents per share reported in the previous year's first half.
 Commenting on operations, Martin said, "the gratifying improvement in our business progress is a direct result of the company's ongoing diversification strategy. Reflecting recent acquisitions, our electrical products segment now accounts for more than 69 percent of company revenues while oil field products, formerly our largest contributor to revenues, now represents less than 8 percent. The galvanizing segment, which contributes approximately 23 percent to revenues, continues to operate profitably and should favorably impact our future growth as the nation's industrial economy improves.
 AZTECH MANUFACTURING
 Financial Highlights
 (Unaudited)
 Periods ended Three Months Six Months
 Aug. 31 1993 1992 1993 1992
 Net Sales $10,399,000 $7,741,000 $20,245,000 $15,265,000
 Income Before
 Income Taxes $ 786,000 $ 373,000 $ 1,707,000 $ 889,000
 Provision for
 Income Taxes $ 269,000 $ 140,000 $ 620,000 $ 335,000
 Net Income $ 517,000 $ 233,000 $ 1,087,000 $ 554,000
 Income per
 Share: (A) 5,622,853 5,622,853 5,622,853 5,622,853
 Net Income $ 0.09 $ 0.04 $ 0.19 $ 0.10
 (A) Weighted shares outstanding
 -0- 9/22/93
 /CONTACT: Dana Perry of Aztec Manufacturing, 817-297-4361/
 (AZTC)


CO: Aztec Manufacturing ST: Texas IN: OIL SU: ERN

SM -- NY061 -- 4758 09/22/93 13:55 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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