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ESCO ELECTRONICS CORPORATION REPORTS INCREASE IN SALES AND EARNINGS FOR FISCAL 1993 FIRST QUARTER

 ST. LOUIS, Feb. 1 /PRNewswire/ -- ESCO Electronics Corporation (NYSE: ESE) announced today that net earnings for the first quarter of fiscal 1993 were $805,000, or $0.07 per share, an increase of 51 percent over the same period of fiscal 1992 when the company reported net earnings of $533,000, or $0.05 per share. The company's first quarter sales increased 8.3 percent to $104,360,000 versus $96,391,000 for the prior year.
 Fiscal 1993 first quarter orders were approximately $60 million, down from $76 million for the first quarter of fiscal 1992. ESCO's backlog of firm orders at Dec. 31, 1992, was $593 million versus $637 million at Sept. 30, 1992. Fixed-price development contracts represent approximately $78 million of the company's total backlog. There continue to be cost risks associated with certain of these fixed-price development contracts.
 At the company's annual shareholders meeting, Dennis J. Moore, chairman and chief executive officer, said the company made significant progress in fiscal 1992, resulting in the company's return to profitability. He told shareholders, "We continue to view the defense market as a challenge due to continued reductions in defense spending worldwide and increased competition."
 Mr. Moore also said he was pleased with the company's previously announced acquisition of PTI Technologies Inc. which was completed on Sept. 30, 1992. "The purchase of PTI is a key element of our commercial diversification strategy. PTI has an excellent image for high-quality filtration products and we view them as a company with excellent growth potential."
 ESCO Electronics Corporation, headquartered in St. Louis, is principally a manufacturer of defense and commercial systems and products. Its common stock trust receipts are listed on the NYSE under the symbol "ESE."
 ESCO ELECTRONICS CORPORATION AND SUBSIDIARIES
 Consolidated Operating Results
 (Dollars in thousands, except per share amounts)
 Three months ended Dec. 31 1992 1991 Percent Change
 Net sales $104,360 $ 96,391 8.3
 Earnings before income taxes 1,005 642 56.5
 Income taxes 200 109
 Net earnings 805 533 51.0
 Earnings per common share $0.07 $0.05 40.0
 -0- 2/1/93
 /CONTACT: Kenneth F. Cook or James R. Orso of ESCO Electronics, 314-982-1700/
 (ESE)


CO: ESCO Electronics Corporation ST: Missouri IN: CPR SU: ERN

TS -- NY059 -- 1341 02/01/93 11:44 EST
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Date:Feb 1, 1993
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