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EG&G FIRST QUARTER EARNINGS UP 10 PERCENT

 EG&G FIRST QUARTER EARNINGS UP 10 PERCENT
 WELLESLEY, Mass., April 21 /PRNewswire/ -- EG&G (NYSE: EGG)


earnings per share rose 10 percent to 32 cents for the first quarter of 1992. This compared with 29 cents per share last year. Net income rose to $18.1 million compared to $16.4 million for the first quarter of 1991. First quarter sales rose 3 percent to $655 million from $637 million last year. Earnings per share figures have been adjusted for the 2-for-1 stock split to be paid on May 8, 1992 to shareholders of record on April 17.
 The Department of Energy Support segment registered particularly strong performance. Income from operations in this segment was 55 percent ahead of 1991 first quarter income due primarily to performance improvements at Rocky Flats. The Components segment, which continues to be affected by mixed economic conditions, achieved an 8 percent increase in income from operations even though sales were down 7 percent. The weakness in the Instruments segment was caused by a slowing of orders for security systems, which benefited from Operation Desert Storm during the first quarter of 1991. The decline in the Technical Services segment was occasioned by the need to convert test fixtures for a change in testing protocols and the unforeseen delay in the issuance of the testing requirements. The poor performance of the Defense segment was caused by delivery problems at a single division.
 "On balance, the first quarter was a strong quarter and I do expect continuing improvement during the upcoming second quarter," noted Chairman and CEO John M. Kucharski.
 EG&G is a Fortune 200 company with annual sales in excess of $2.6 billion. It employs more than 37,000 people in the design and manufacture of laboratory and field-test instruments and electronic and mechanical components for commercial customers worldwide. EG&G provides systems engineering, precision component manufacturing, and test-site operating and management services to many agencies and laboratories of the U.S. government.
 EG&G, INC. AND SUBSIDIARIES
 Consolidated Statement of Income
 (In thousands, except per share data)
 First Quarter Ended
 3/29/92 3/31/91
 Sales $654,828 $636,798
 Costs and expenses:
 Cost of sales 572,602 555,025
 Selling, general and
 administrative expenses 54,992 56,592
 Total costs and expenses 627,594 611,617
 Income from operations 27,234 25,181
 Other income (expense), net (441) (950)
 Income before income taxes 26,793 24,231
 Provision for federal and
 foreign income taxes 8,735 7,875
 Net income $18,058 $16,356
 Earnings per share-(a) 32 cents 29 cents
 Weighted average shares of
 common stock outstanding-(a) 56,563 56,100
 Note: All figures are subject to year-end audit.
 (a)-Earnings per share and shares outstanding have been adjusted for the 2-for-1 stock split to be paid in May 1992.
 EG&G, INC. AND SUBSIDIARIES
 Sales and Income From Operations By Industry Segment
 (In thousands)
 First Quarter Ended
 3/29/92 3/31/91
 Sales:
 Instruments $50,420 $54,863
 Components 59,874 64,051
 Technical Services 88,580 85,565
 Aerospace 27,868 31,520
 Defense 62,340 65,356
 Department of Energy Support 365,746 335,443
 Total $654,828 $636,798
 Income from Operations:
 Instruments $2,394 $3,078
 Components 2,330 2,155
 Technical Services 6,761 7,948
 Aerospace 1,442 1,373
 Defense 4,144 5,516
 Department of Energy Support 17,220 11,113
 General Corporate Expenses (7,057) (6,002)
 Total $27,234 $25,181
 Note: All figures shown are subject to year-end audit.
 -0- 4/21/92
 /CONTACT: Deborah S. Lorenz of EG&G, 617-431-4306/
 (EGG) CO: EG&G, Inc. ST: Massachusetts IN: ARO SU: ERN


SH -- NE019 -- 0905 04/21/92 17:09 EDT
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Date:Apr 21, 1992
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