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GERBER SCIENTIFIC REPORTS EARNINGS

 SOUTH WINDSOR, Conn., Nov. 18 /PRNewswire/ -- Gerber Scientific, Inc. (NYSE: GRB), today reported second quarter and six month operating results. Consolidated sales for this year's second quarter ended Oct. 31, 1993 were $63,310,000 compared with $64,336,000 for the same period last year. Consolidated net earnings for the second quarter of this year rose 26 percent to $2,623,000 from $2,083,000 for the second quarter of last year. Earnings per share were $.11 in this year's second quarter compared with $.09 last year based on average shares outstanding of 23,940,000 and 23,877,000, respectively.
 For the six months ended Oct. 31, 1993, consolidated sales were $128,242,000 compared with $126,758,000 for the same period last year. Consolidated net earnings in this year's first six months were $5,297,000 compared with $3,561,000 last year. Earnings per share for the six months ended Oct. 31, 1993 were $.22 compared with $.15 in the same period of last year based on average shares outstanding of 23,963,000 and 23,888,000, respectively.
 Included in net earnings in this year's first six months was a $788,000 gain ($.03 per share) the Company realized on adopting the method of accounting for income taxes required by Statement of Financial Accounting Standards No. 109. This gain was recognized in earnings as the cumulative effect of an accounting change.
 The Company reported that new orders received in the first six months of this year were $130,400,000, an increase of 8 percent from $121,300,000 for the same period last year. Backlog at Oct. 31, 1993 was $52,900,000 compared with $51,900,000 at Oct. 31, 1992.
 The Company remains financially strong, with high liquidity and a low ratio of debt-to-equity. At Oct. 31, 1993 shareholders' equity was $216,500,000, or $9.12 per share; cash and investments totaled $92,600,000; and total debt amounted to only $8,471,000, or 3.9 percent of shareholders' equity.
 Gerber Scientific, Inc. produces high technology factory automation capital equipment for a variety of industries.
 GERBER SCIENTIFIC, INC.
 Consolidated Summary of Earnings
 Comparison on a consolidated basis for the three months and six months ended Oct. 31, 1993 and 1992 follows:
 Second Quarter Financial Figures For
 Three Months Ended Oct. 31, 1993 and 1992
 1993 1992
 Sales $63,310,000 $64,336,000
 Earns. bef. inc. taxes $ 3,823,000 $ 3,283,000
 Provision for inc. taxes (1,200,000) (1,200,000)
 Net earnings $ 2,623,000 $ 2,083,000
 Net earnings per share $ .11 $ .09
 Avg. shares outstg. 23,940,000 23,877,000
 Financial Figures For Six Months
 ended Oct. 31, 1993 and 1992
 1993 1992
 Sales $128,242,000 $126,758,000
 Earns. bef. inc. taxes $ 6,609,000 $ 5,561,000
 Provision for inc. taxes (2,100,000) (2,000,000)
 Net earns. bef. cumulative
 effect of acctg. change $ 4,509,000 $ 3,561,000
 Cumulative effect
 of accounting change 788,000 --
 Net earnings $ 5,297,000 $ 3,561,000
 Earnings per share:
 Before cumulative effect of
 accounting change $ .19 $ .15
 Cumulative effect of accounting
 change .03 --
 Net earnings per share $ .22 $ .15
 Average shares outstanding 23,963,000 23,888,000
 -0- 11/18/93
 /CONTACT: Robert D. Lipira of Gerber Scientific, 203-644-1551/
 (GRB)


CO: Gerber Scientific, Inc. ST: Connecticut IN: SU: ERN

JG-SH -- NY011 -- 5869 11/18/93 08:51 EST
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Date:Nov 18, 1993
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