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EG&G ALTERS EXPECTATIONS FOR SECOND QUARTER EARNINGS

 WELLESLEY, Mass., June 18 /PRNewswire/ -- EG&G, Inc. (NYSE: EGG) indicated today it expects to report that second quarter 1993 earnings could be down by as much as 10 percent from the 39 cents per share for the same period in 1992. At this point in time, the company anticipates earnings per share for the year, before accounting changes, will be at, or slightly above, the 1992 level of $1.56.
 The continued recession in the United States and Europe has resulted in lower than expected bookings in the Components and Instruments business segments. In addition, the Department of Energy Support segment has been affected by a reduction in the fee pool recently negotiated at one of the Department of Energy (DOE) locations, and lower than expected grades at two other DOE locations.
 "Cash flow from operations remains healthy. We continue to maintain market share for all of our businesses, and believe we are in an excellent position to take advantage of any market improvements," stated John M. Kucharski, chairman.
 The second quarter results will be announced on July 28, 1993.
 EG&G is a Fortune 200 company with annual sales in excess of $2.7 billion. It designs and manufactures laboratory and field-test instruments and electronic and mechanical components for commercial customers. EG&G provides systems engineering, precision component manufacturing, and test-site operating and management services to many government agencies and laboratories. It employs more than 30,000 people worldwide.
 -0- 6/18/93
 /CONTACT: Deborah S. Lorenz of EG&G, Inc., 617-431-4306/
 (EGG)


CO: EG&G, Inc. ST: Massachusetts IN: ENV CPR SU:

DD -- NE001 -- 3411 06/18/93 08:00 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
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