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ELECTROMAGNETIC SCIENCES ANNOUNCES FIRST QUARTER 1993 RESULTS

 ATLANTA, April 23 /PRNewswire/ -- Electromagnetic Sciences, Inc. (NASDAQ: ELMG) reported today that consolidated net sales for the first quarter increased to $24.2 million in 1993 from $17.9 million in 1992.
 Consolidated net earnings for the first quarter of 1993 were $500,000, or $.07 per share, compared with $876,000, or $.11 per share for the first quarter of 1992.
 Sales increased primarily because of the acquisition of a 74 percent interest in CAL Corporation in January 1993; however, CAL's operations did not materially affect consolidated net earnings. The comparison of consolidated results between 1993 and 1992 reflects lower earnings at the company's LXE subsidiary due to costs associated with the introduction of a new generation of products, the start-up of a German sales subsidiary, and a sales and marketing organization that was otherwise stable as compared with the fourth quarter of 1992, but had been expanded as compared with the 1992 first quarter.
 Electromagnetic Sciences, Inc. serves a variety of wireless communications markets through three subsidiaries. EMS Technologies and the company's newly acquired Canadian subsidiary, CAL Corporation, have particular expertise in space and satellite technology, as well as substantial capabilities in antennas and other electronics for communications, surveillance, radar and electronic countermeasures. LXE Inc. (NASDAQ: LXEI) is a leading supplier of wireless data communications systems for real-time transaction processing in materials handling operations.
 ELECTROMAGNETIC SCIENCES, INC. AND SUBSIDIARIES
 Consolidated Statements of Earnings
 (In thousands except earnings per share)
 Qtrs. ended
 3/31/93 3/31/92
 Net sales $ 24,226 $ 17,859
 Cost of sales 14,862 10,340
 Selling, general and admin. exps. 6,354 4,014
 Research and development expenses 1,939 1,928
 Operating income 1,071 1,577
 Interest and other income 69 202
 Interest expense (92) (22)
 Earnings before income taxes 1,048 1,757
 Income taxes 400 660
 Minority interest 148 221
 Net earnings $ 500 $ 876
 Earnings per common and common
 equivalent share $ .07 $ .11
 Weighted average number of common
 and common equivalent shares 6,896 7,678
 Summary Consolidated Balance Sheet
 March 31, 1993
 (In thousands)
 Cash and investments $ 8,737 Current liabilities $ 16,493
 Accounts receivable 29,908 Debt (current and
 Inventories 11,901 long-term) 12,086
 Net property, plant Other liabilities 5,329
 and equipment 27,428 Minority interest 7,159
 Other assets 7,379 Stockholders' equity 50,553
 Goodwill 6,267
 Total $ 91,620 Total $ 91,620
 -0- 4/23/93
 /CONTACT: Don T. Scartz, vice president - Finance of Electromagnetic Sciences, 404-263-9200, ext. 4461/
 (ELMG)


CO: Electromagnetic Sciences, Inc. ST: Georgia IN: CPR SU: ERN

BR-RA -- AT004 -- 0130 04/23/93 13:58 EDT
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Date:Apr 23, 1993
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