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COMMTRON ANNOUNCES THIRD QUARTER RESULTS

COMMTRON ANNOUNCES THIRD QUARTER RESULTS
    DES MOINES, IOWA, June 15 /PRNewswire/ -- Commtron Corporation (AMEX: CMR) today announced results for the third fiscal quarter and nine months ended May 31, 1992.
    For the quarter, net earnings were $1.5 million, or $0.14 per share, compared to $1.2 million, or $0.12 per share, for the year-ago quarter. Revenues were $140.8 million compared to $127.1 million for the year-ago quarter.
    For the nine months, net earnings were $6.2 million, or $0.60 per share, compared to $6.2 million, or $0.61 per share, for the year-ago period.  Revenues were $416.0 million compared to $393.6 million for the year-ago period.
    As previously announced, the merger of Commtron with an acquisition subsidiary of Ingram Industries Inc. of Nashville, Tenn., is presently expected to be consummated on June 19, 1992.  Commtron and Ingram are national distributors of prerecorded videoc assettes.
                         COMMTRON CORPORATION
       (Dollars in thousands, except share and per share data)
      Three months ended May 31             1992          1991
    REVENUES:
         Net sales & other revenues      $140,101      $126,314
         Interest income                      752           787
              Total                       140,853       127,101
    COST AND EXPENSES:
         Cost of sales                    125,867       113,427
         Selling, general and
          administrative expenses          12,482        11,675
              Total                       138,349       125,102
    Earnings before taxes on income         2,504         1,999
    Taxes on income                         1,002           790
    Net earnings                         $  1,502      $  1,209
    Earnings per share                      $0.14         $0.12
    Average number of shares
          outstanding                  10,328,721    10,238,019
      Nine months ended May 31              1992          1991
    REVENUES:
         Net sales & other revenues      $413,363      $390,618
         Interest income                    2,640         3,068
              Total                       416,003       393,686
    COST AND EXPENSES:
         Cost of sales                    368,654       348,623
         Selling, general and
          administrative expenses          36,990        34,740
              Total                       405,644       383,363
    Earnings before taxes on income        10,359        10,323
    Taxes on income                         4,144         4,078
    Net earnings                         $  6,215      $  6,245
    Earnings per share                      $0.60         $0.61
    Average number of shares
          outstanding                  10,292,957    10,212,525
    -0-             06/15/92
    CONTACT:  Stephen M. Lacy of Commtron, 800-247-8032 or 515-226-3300
    (CMR) CO:  COMMTRON CORPORATION IN:  HOU ST:  IA -- NY012 -- X363  06/15/92
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 15, 1992
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