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CERADYNE ANNOUNCES OPERATING RESULTS FOR THE FIRST QUARTER OF 1993

 COSTA MESA, Calif., April 16 /PRNewswire/ -- Ceradyne Inc. (NASDAQ: CRDN) announced operating results for the first quarter, 1993.
 Ceradyne reported a net loss of ($487,000) or ($.08) per share for the quarter ended March 31, 1993, compared to a net loss of ($387,000) or ($.06) per share in the comparable prior-year period. In the 1993 quarter, sales decreased to $4,112,000, from $4,785,000 one year ago.
 The sales decline was attributed primarily to the lack of strategic defense business located at the California facility. Increased new booking activity at the company's Thermo Materials and Semicon Associates divisions resulted in profitable operations at both facilities. Management stated it plans to continue its cost reduction programs while simultaneously increasing its marketing emphasis in new products such as Semicon's CRT cathodes for consumer television applications, global marketing in all product lines and selected emphasis on tactical defense markets.
 Below is a summary of unaudited comparative results:
 CERADYNE INC.
 Comparative Results
 (Unaudited)
 Three Months Ended March 31,
 1993 1992
 Sales $4,112,000 $4,785,000
 Net (loss) income ($487,000) ($387,000)
 Net (loss) income per share ($.08) ($.06)
 Average shares 6,146,000 6,138,000
 -0- 4/16/93
 /CONTACT: James F. Gardner of Ceradyne, 714-549-0421/
 (CRDN)


CO: Ceradyne Inc. ST: California IN: ARO SU: ERN

MS-BP -- LA016 -- 6811 04/16/93 13:49 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
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