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EG&G REPORTS 11 PERCENT INCREASE IN EARNINGS

 EG&G REPORTS 11 PERCENT INCREASE IN EARNINGS
 WELLESLEY, Mass., July 22 /PRNewswire/ -- EG&G (NYSE: EGG) reported


earnings per share of 39 cents for the second quarter compared to 35 cents a year ago. This represents an increase of 11 percent. Income from operations increased 10 percent to $33.5 million vs. $30.4 million for the second quarter in 1991. At six months, the company's cumulative net income totaled $39.8 million of 71 cents per share vs. $35.9 million or 64 cents per share.
 The segments registering strong performances were Department of
Energy Support, Aerospace, and Technical Services. The Defense segment remained steady. An unfavorable year-to-year comparison occurred in Instruments and Components. This was due to a combination of issues ranging from pricing pressure, order stretch-out, and a specific delivery problem in the Components segment.
 "I am pleased with this overall earnings performance. The issues that have affected some of our segments during the second quarter are a sign of the generally unsettled conditions in the global marketplace. I have every confidence that our earnings momentum will continue through 1992," commented 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 35,000 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 government agencies and laboratories.
 EG&G, INC. AND SUBSIDIARIES
 Consolidated Statement Of Income
 (in thousands except per share data)
 Second quarter ended Six months ended
 6/28/92 6/30/91 6/28/92 6/30/91
 Sales $695,752 $665,715 $1,350,580 $1,302,513
 Costs and expenses:
 Cost of sales 603,120 579,980 1,175,722 1,135,005
 Selling, general and
 administrative expenses 59,151 55,329 114,143 111,921
 Total costs and expenses 662,271 635,309 1,289,865 1,246,926
 Income from operations 33,481 30,406 60,715 55,587
 Other income (expense), net (1,182) (1,488) (1,623) (2,438)
 Income before income taxes 32,299 28,918 59,092 53,149
 Provision for federal and
 foreign income taxes 10,529 9,398 19,264 17,273
 Net income $21,770 $19,520 $39,828 $35,876
 Earnings per share (a) 39 cents 35 cents 71 cents 64 cents
 Weighted average shares
 of common stock
 outstanding (a) 56,389 55,841 56,476 55,971
 All figures shown are subject to year-end audit.
 Note (a): Earnings per share and shares outstanding have been adjusted for the 2-for-1 stock split paid in May 1992.
 EG&G INC. AND SUBSIDIARIES
 Sales And Income From Operations By Industry Segment
 (in thousands)
 Second Quarter Ended Six Months Ended
 6/28/92 6/30/91 6/28/92 6/30/91
 Sales:
 Instruments $55,396 $59,425 $105,816 $114,288
 Components 81,388 65,093 141,262 129,144
 Technical services 88,444 84,579 177,024 170,144
 Aerospace 30,659 32,255 58,527 63,775
 Defense 64,406 67,829 126,746 133,185
 Department of
 Energy Support 375,459 356,534 741,205 691,977
 Total $695,752 $665,715 $1,350,580 $1,302,513
 Income from
 Operations:
 Instruments $3,233 $6,230 $5,627 $9,308
 Components 4,603 5,245 6,933 7,400
 Technical Services 8,365 7,770 15,126 15,718
 Aerospace 2,488 1,351 3,930 2,724
 Defense 5,687 5,839 9,831 11,355
 Department of
 Energy Support 16,512 10,327 33,732 21,440
 General Corporate
 Expenses (7,407) (6,356) (14,464) (12,358)
 Total $33,481 $30,406 $60,715 $55,587
 All figures shown are subject to year-end audit.
 -0- 7/22/91
 /CONTACT: Deborah S. Lorenz of EG&G, 617-431-4306/ CO: EG&G ST: Massachusetts IN: SU: ERN


CH -- NE015 -- 2066 07/22/92 15:43 EDT
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Date:Jul 22, 1992
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