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ESTERLINE EXPECTS THIRD QUARTER RESULTS WILL BE FLAT TO DOWN FROM SECOND QUARTER; COMPANY'S MARKETS REMAIN WEAK

 BELLEVUE, Wash., Aug. 12 /PRNewswire/ -- Esterline Technologies today reported that its preliminary third quarter (ended July 31) data reflect a flat to down performance compared with the immediately preceding quarter. In the company's second quarter this fiscal year, Esterline reported 7 cents per share net earnings on $71.6 million sales.
 "We expect our third quarter results to parallel or be moderately below those levels, reflecting the continuing weak state of our key markets," said Wendell P. Hurlbut, Esterline chief executive officer. "As both domestic and foreign economies continue depressed, purchasing decisions are being routinely deferred, particularly in the type of capital goods markets served by several of our operations."
 In the company's fiscal 1992 third quarter Esterline reported 23 cents per share net earnings on sales of $73.5 million.
 Esterline is a leading manufacturer of automation equipment for the production of printed circuit boards and metal fabrication, instrumentation for quality control, power measurement and process control, and engineered products for the commercial aircraft, aerospace and defense industries.
 -0- 8/12/93
 /CONTACT: Brian D. Keogh of Esterline, 206-453-9400/
 (ESL)


CO: Esterline Technologies ST: Washington IN: CPR SU: ERP

SB -- SE002 -- 1986 08/12/93 08:05 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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