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EG&G ANTICIPATES WEAKER THAN EXPECTED THIRD QUARTER AND FULL YEAR EARNINGS

 WELLESLEY, Mass., Sept. 28 /PRNewswire/ -- At its annual financial analysts' meeting today, EG&G, Inc. (NYSE: EGG) announced that it expects third quarter earnings to be approximately 40 percent lower than the $.39 reported for the equivalent period in 1992.
 These lower earnings expectations are attributed to the continuing sluggish environment which pervades both western Europe and the United States. The effect has been particularly severe in the Instruments segment. In addition, the Department of Energy (DOE) Support segment's income from operations is expected to be substantially lower than last year's third quarter results. Any shortfall in third quarter earnings will not be recovered in the fourth quarter.
 The Company believes that while near-term earnings will remain under pressure, this is not a long-term phenomenon, and EG&G is well placed to take immediate advantage of market improvements. At today's meeting the company revealed a number of new, state-of-the-art product initiatives each with significant revenue potential.
 John M. Kucharski, Chairman of EG&G, commented, "Certainly, the world markets are softer than we anticipated. I don't believe there is any fundamental weakness in our businesses; however, our inability to forecast short-term performance is disappointing. We continue to take corrective actions to respond to the sluggish economic conditions and continue to be challenged by the ever-changing requirements of our DOE customers. Our ability to understand and meet these requirements is critical to our 1994 performance goals."
 EG&G is a Fortune 200 company with annual sales 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- 9/28/93
 /CONTACT: Deborah S. Lorenz of EG&G, 617-431-4306/
 (EGG)


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

DJ-CM -- NE005 -- 6329 09/28/93 11:10 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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