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ELECTROCOM AUTOMATION REPORTS SECOND QUARTER, FIRST HALF RESULTS

 DALLAS, July 28 /PRNewswire/ -- ElectroCom Automation Inc. (NYSE: ECA) today reported second quarter net earnings of $6,731,000, or 25 cents a share, compared with net earnings of $7,054,000, or 26 cents a share, for the same period of 1992.
 Earnings for the 1993 first half totaled $12,133,000, or 45 cents a share, compared with $13,031,000, or 48 cents a share, for the first six months a year ago.
 Second quarter and first half revenues for 1993 were $98,552,000 and $176,837,000, respectively, versus $125,553,000 and $217,052,000, respectively, for the comparable periods of the previous year.
 G. D. Thompson, ECA's president and chief executive officer, said, "The operating results were according to plan and we are on track to exceed last year's record earnings.
 "For the second quarter, excellent cost performance resulted in improved operating margins of 13.6 percent, compared with 11.7 percent in the same quarter of 1992.
 "Revenues and earnings were anticipated to be down from 1992 for the first half of 1993 due to delays in contract awards by the Postal Service last year. These programs, which were awarded to ElectroCom late last year and early this year, will result in increased revenues later this year, particularly when we begin shipments in September on the 1,044 Phase II Delivery Bar Code Sorter systems for the U.S. Postal Service. This represents the largest contract in our history," Thompson added.
 ElectroCom Automation Inc., manufactures high-speed automated document processing systems for use primarily by the United States Postal Service and other government and commercial customers. The company also manufactures mobile data and voice communications systems and products for public safety and transit authorities, provides funded research and development, and designs and produces materials handling systems and equipment for the commercial warehouse and distribution markets. The company's common stock is listed on the NYSE under the symbol ECA.
 ELECTROCOM AUTOMATION INC. AND SUBSIDIARIES
 Consolidated Summary Of Results
 (Unaudited, in thousands, except per share)
 Quarter ended June 30, 1993 1992
 Net Sales $ 98,552 $125,553
 Net Income $ 6,731 $ 7,054
 Net Income Per Share $ .25 $ .26
 Weighted Average Common Shares 26,765 27,166
 Six-Months ended June 30, 1993 1992
 Net Sales $176,837 $217,052
 Net Income (A) $ 12,133 $ 13,031
 Net Income Per Share (A) $ .45 $ .48
 Weighted Average Common Shares 26,807 27,055
 (A) Adjusted for Subchapter S taxes for the period prior to February 1992, when the company terminated its Subchapter S election in connection with the initial public offering of its common stock.
 -0- 7/28/93
 /CONTACT: Steve Hullett of ElectroCom Automation Inc., 817-695-3035/
 (ECA)


CO: ElectroCom Automation Inc. ST: Texas IN: SU: ERN

MP -- NY032 -- 7201 07/28/93 10:46 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
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