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ENVIRONMENTAL TECTONICS REPORTS IMPROVED THIRD QUARTER RESULTS

 ENVIRONMENTAL TECTONICS REPORTS IMPROVED THIRD QUARTER RESULTS
 SOUTHAMPTON, Pa., Dec. 23 /PRNewswire/ -- Environmental Tectonics Corporation (AMEX: ETC) today reported financial results for the third quarter and fiscal nine months ended Nov. 22, 1991.
 Sales for the third quarter ended Nov. 22, 1991, rose 5 percent to $6,410,411 from $6,101,212 in the same period last year. Net income increased to $450,884 or $.16 per share compared to $425,569 or $.15 per share in the comparable prior year period.
 Sales in the first nine months of fiscal 1992 increased more than 21 percent to $20,490,406 from $16,837,791 in the nine months ended Nov. 23, 1990. Net income was $1,151,239 or $.40 compared to $1,172,458 or $.41 per share in the first nine months of fiscal 1991.
 William F. Mitchell, chairman and president, commented, "The sales results for the third quarter and nine months period ending Nov. 22, 1991, were ahead of last year's results. Earnings for both periods were nearly equal, reflecting slightly lower margins. Backlog at Nov. 22, 1991, was about $30,100,000 which provides a strong base of business for ETC into the next fiscal year period."
 ENVIRONMENTAL TECTONICS CORPORATION
 (In thousands, except per-share amounts)
 Three months ended Nov. 22, 1991 Nov. 23, 1990
 Sales $6,410 $6,101
 Pretax income 778 741
 Income taxes 327 315
 Net income 451 426
 Earnings per share $.16 $.15
 Average shares 2,906 2,852
 Nine months ended Nov. 22, 1991 Nov. 23, 1990
 Sales $20,490 $16,838
 Pretax income 1,985 2,042
 Income taxes 834 870
 Net income 1,151 1,172
 Earnings per share $.40 $.41
 Average shares 2,906 2,852
 Environmental Tectonics Corporation designs, manufactures and installs sterilization equipment, hyperbaric systems, aeromedical training systems, environmental testing and simulation systems, and related products for domestic and international customers.
 /delval/
 -0- 12/23/91
 /CONTACT: John Schoenfelder, vice president and chief financial officer of Environmental Tectonics, 215-355-9100/
 (ETC) CO: Environmental Tectonics Corporation ST: Pennsylvania IN: SU: ERN


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Publication:PR Newswire
Date:Dec 23, 1991
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