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C.H. HEIST CORPORATION POSTS 5.5 PERCENT GAIN IN SALES, NET LOSS OF $.04 FOR FIRST QUARTER

 CLEARWATER, Fla., May 7 /PRNewswire/ -- C.H. Heist Corporation (AMEX: HST) today announced results of its first quarter ending March 28, 1993. Sales for the three months were $16,525,522, a 5.5 percent increase over the previous year's comparable period sales of $15,669,323. The firm reported a net loss of $120,474 as opposed to the same quarter's loss last year of $67,181. The per-share loss amounted to $.04 this year, against last year's first quarter loss of $.02 per share.
 C.H. Heist, president and chairman of the multi-faceted industrial and business services organization, acknowledged that the first quarter is traditionally the firm's most difficult because so many of Heist's industrial activities are weather-oriented. He pointed out, "Last year's first quarter industrial sales reflected a series of plant shut- down operations which were not forthcoming again until April of this year. However, with resumed activity in the U.S., and by virtue of $3.5-million in Canadian painting contracts now under way, we look forward to an improved second quarter." Concerning the firm's temporary help subsidiary, Ablest, Heist cited, "Continued growth in the first quarter with a 27.5 percent increase in sales and a 63.2 percent improvement in net earnings."
 Capital expenditures increased $248,793, from last year's first quarter expenditures of $524,135, to $772,928 this year. Working capital remained the same. The current ratio for this quarter is 3.7- to-1 and the quick ratio is 3.1-to-1. The balance sheet remains strong, with no increase in long term debt.
 -0- 5/7/93
 /CONTACT: Richard J. O'Neil of C.H. Heist Corporation, 813-461-5656/
 (HST)


CO: C.H. Heist Corporation ST: Florida IN: SU: ERN

JB-BR -- FL002 -- 5790 05/07/93 08:38 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:295
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