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ELECTRO-SENSORS ANNOUNCES RESULTS

 EDEN PRAIRIE, Minn., Oct. 21 /PRNewswire/ -- Electro-Sensors, Inc. (NASDAQ-NMS: ELSE) experienced sales increases of 7.7 percent and 8.0 percent, respectively for the third quarter and first nine months of 1993. Both of the controls division's operating segments generated sales increases during the periods and were able to offset the decrease in sales of the company's wholly owned subsidiary, Microflame, Inc.
 Electro-Sensors, Inc. is engaged in two business lines. It is engaged in the manufacture and sale of electronic production monitoring systems through its Controls Division and in the manufacture and sale of small gas torches through its Microflame subsidiary.
 Electro-Sensors, Inc. is traded on the NASDAQ National Market System under the symbol ELSE.
 ELECTRO-SENSORS, INC. AND SUBSIDIARIES
 Consolidated Condensed Statement of Income
 (Unaudited)
 Three Months Ended Nine Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Net sales $1,339,414 $1,243,785 $3,910,680 $3,621,860
 Costs and expenses:
 Cost of sales 590,196 528,394 1,721,009 1,592,963
 Operating expenses 622,140 500,972 1,782,392 1,629,777
 -- 1,212,336 1,029,366 3,503,401 3,222,740
 Operating income 127,078 214,419 407,279 399,120
 Other income 81,074 12,490 215,712 118,398
 Income before income taxes 208,152 226,909 622,991 517,518
 Provision for income taxes 75,900 83,050 228,200 190,050
 Net income $132,252 $143,859 $394,791 $327,468
 Average shares
 outstanding 1,923,601 1,903,850 1,926,066 1,919,315
 Earnings per common
 and common equivalent
 share $.06 $.07 $.20 $.17
 ELECTRO-SENSORS, INC. AND SUBSIDIARIES
 Consolidated Condensed Balance Sheet
 (Unaudited)
 ASSETS At 9/30/93 At 12/31/92
 Current assets $6,423,673 $6,131,974
 Note receivable 87,259 125,356
 Property and equipment, net 210,076 184,394
 -- $6,721,008 $6,441,724
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Current liabilities $423,844 $383,227
 Deferred income tax credits 1,200 1,200
 Shareholders' equity 6,295,964 6,057,297
 -- $6,721,008 $6,441,724
 -0- 10/21/93
 /CONTACT: James P. Slattery, president, or Mark D. Laumann, comptroller, of Electro-Sensors, 612-941-8171/
 (ELSE)


CO: Electro-Sensors, Inc. ST: Minnesota IN: CPR SU: ERN

AL-DS -- MN022 -- 5285 10/21/93 13:33 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:391
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