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ENVIRONMENTAL TECTONICS CORPORATION REPORTS SECOND QUARTER RESULTS

ENVIRONMENTAL TECTONICS CORPORATION REPORTS SECOND QUARTER RESULTS
 SOUTHAMPTON, Pa., Oct. 15 /PRNewswire/ -- Environmental Tectonics Corporation (AMEX: ETC) today reported its financial results for the second quarter and six months ended Aug. 28, 1992.
 Sales for the second quarter, ended Aug. 28, 1992, were $5,772,917 compared to $7,212,746 for the same period last fiscal. Net income declined to $58,734 or $.02 per share compared to $409,584 or $.14 per share in the comparable prior year period.
 Sales in the first six months of fiscal 1993 were $11,651,945 compared to $14,079,995 in the six months ended Aug. 23, 1991. A net loss of $68,495 or $.02 per share resulted compared to net income of $700,355 or $.24 per share in the first six months of fiscal 1992.
 "While our performance for the year to date is disappointing, our second quarter results are an improvement over the results of the last two quarters," commented William F. Mitchell, president. "The outlook for the second half of the 1993 fiscal year is for more profitable operations."
 Backlog at Aug. 28, 1992, totalled approximately $18.9 million.
 ENVIRONMENTAL TECTONICS CORPORATION
 Selected Financial Data
 (In thousands, except per-share data)
 Three months Six months
 Periods ended 8/28/92 8/23/91 8/28/92 8/23/91
 Sales $5,773 $7,213 $11,652 $14,080
 Pretax income (loss) 102 668 (117) 1,207
 Income taxes (benefit) 43 258 (49) 507
 Net income (loss) 59 410 (68) 700
 Earnings (loss) per share $.02 $.14 ($.02) $.24
 Average shares 2,880 2,905 2,880 2,905
 ETC designs, manufactures and installs equipment, hyperbaric systems, aircrew training systems, environmental testing and simulation systems, and related products for domestic and international customers. ETC is listed on the AMEX and traded under the stock symbol "ETC."
 /delval/
 -0- 10/15/92
 /CONTACT: John F. Schoenfelder, CFO of ETC, 215-355-9100/
 (ETC) CO: Environmental Tectonics Corporation ST: Pennsylvania IN: SU: ERN


MP-LJ -- PH037 -- 0553 10/15/92 15:14 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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