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E-SYSTEMS REPORTS THIRD QUARTER RESULTS

 E-SYSTEMS REPORTS THIRD QUARTER RESULTS
 DALLAS, Oct. 12 /PRNewswire/ -- E-Systems (NYSE: ESY) today reported


third quarter earnings of 95 cents a share based on sales of $556.5 million, compared to 1991 third quarter earnings of 85 cents a share on sales of $496.7 million. Third quarter net income rose to $31.3 million, up from $28.2 million a year ago.
 Earnings for the first nine months of the year amounted to $2.69 a share versus 1991 nine months earnings of $2.44 a share. Nine months sales for the high technology electronic systems and products company reached $1.540 billion, compared to sales of $1.446 billion for the same period last year. Net income for the first three quarters was $88.3 million this year versus net income of $79.8 million for the first three quarters last year.
 New order bookings during the third quarter amounted to $847.5 million, compared to third quarter 1991 bookings of $1.006 billion.
 Backlog of unfilled orders at the end of September was $2.422 billion, compared to $2.712 billion at the close of the third quarter last year.
 E. Gene Keiffer, E-Systems chairman and chief executive officer, said, "Sales and earnings met our expectations. We still believe that approval for the German Air Force Electronic Communications System using the EGRETT aircraft platform will be forthcoming by year end."
 E-Systems is a major worldwide developer and producer of electronics systems and products in the areas of intelligence, reconnaissance and surveillance systems, command and control, electronic warfare, specialized aircraft maintenance and modification, guidance, navigation and control, communications and data systems.
 E-SYSTEMS, INC.
 Statement of Operating Results
 (In Thousands except per share data)
 (Unaudited)
 Three Months Ended in September
 1992 1991
 Sales $ 556,544 $496,737
 Operating profit 48,133 43,429
 Investment income 950 1,323
 Interest expense (1,708) (2,031)
 Other (expense)/income (967) (1,912)
 Income before tax 46,408 40,809
 Net Income 31,325 28,158
 Earnings per share (A) $0.95 $0.85
 Bookings 847,479 1,005,873
 Backlog $2,422,268 $2,711,969
 Nine Months Ended in September
 1992 1991
 Sales $1,539,986 $1,446,117
 Operating profit 136,949 122,449
 Investment income 2,598 4,906
 Interest expense (5,379) (6,637)
 Other (expense)/income (3,369) (5,126)
 Income before tax 130,799 115,592
 Net Income 88,289 79,758
 Earnings per share (A) $2.69 $2.44
 Bookings $1,453,037 $1,671,016
 Common equivalent shares 32,807 32,663
 (A) Earnings per share include average shares outstanding and the effect of dilutive options outstanding.
 -0- 10/12/92
 /CONTACT: John E. Kumpf of E-Systems, Inc. 214-392-4923/
 (ESY) CO: E-Systems ST: Texas IN: CPR SU: ERN


SH -- NY023 -- 8771 10/12/92 09:58 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
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