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C. H. HEIST THIRD QUARTER SHOWS U.S. OPERATIONS EARNINGS UP; CANADA LAGS

 C. H. HEIST THIRD QUARTER SHOWS U.S. OPERATIONS EARNINGS UP;
 CANADA LAGS
 CLEARWATER, Fla., Oct. 28 /PRNewswire/ -- C. H. Heist, chairman and president of C. H. Heist Corp. (AMEX: HST) stated, "Our industrial maintenance services in the U.S. show headway with an increase of 5.3 percent in sales and 14.4 percent in net earnings, while our temporary help affiliate, Ablest, reflected a sales increase of 41.3 percent and a net earnings increase of 87.0 percent. Canadian operations showed a break even compared to net earnings of $373,000 one year ago."
 Consolidated figures for the third quarter showed sales of $19,410,000, a slight decline compared to one year ago sales of $19,710,000. Net earnings decreased to $411,000 from $666,000 last year. Per share earnings of $.14 compares to the year ago figure of $.23.
 Sales for the nine-month period were $53,409,000 compared to last year's 39-week sales of $51,950,000 an increase of 2.8 percent. Net income at the nine-month mark was $928,000 as opposed to last year's income of $1,294,000. Earnings per share were $.32 vs. last year's earnings of $.45 per share.
 Heist further stated, "Our balance sheet is strong and all ratios are good. We have reduced debt and capital expenditures for this year. We plan to continue the positive U.S. quarterly movements through next year. We hope that our Canadian operations, still impacted by the country's prolonged recession, will reflect the correction we are working for."
 -0- 10/28/92
 /CONTACT: Richard J. O'Neil of C. H. Heist Corporation, 813-461-5656/
 (HST) CO: C. H. Heist Corporation ST: Florida IN: SU: ERN


SS-XX -- FL002 -- 5783 10/28/92 08:33 EST
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Publication:PR Newswire
Date:Oct 28, 1992
Words:294
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