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GERBER SCIENTIFIC REPORTS RESULTS

 SOUTH WINDSOR, Conn., Feb. 19 /PRNewswire/ -- Gerber Scientific, Inc. (NYSE: GRB) today reported third quarter and nine month operating results. Consolidated sales for this year's third quarter ended Jan. 31, 1993, increased 2 percent to $62,236,000 from $61,174,000 for the same period last year. Consolidated net earnings for the third quarter of this year were $2,386,000, an increase of 98 percent from $1,206,000 for the third quarter of last year. Earnings per share were 10 cents in this year's third quarter compared with 5 cents last year based on average shares outstanding of 23,911,000 and 23,909,000, respectively.
 For the nine months ended Jan. 31, 1993, sales increased 1 percent to $188,994,000 from $187,497,000 for the previous year. Net earnings in this year's first nine months were $5,947,000 compared with $6,152,000 last year, a decrease of 3 percent. Earnings per share were 25 cents in this year's first nine months compared with 26 cents in the same period of last year based on average shares outstanding of 23,896,000 and 23,902,000, respectively.
 The company reported that new orders received in the first nine months of this year were $183,800,000 compared with $187 million for the same period last year, a decrease of 2 percent. Backlog at Jan. 31, 1993 was $52,200,000 compared with $60,900,000 at Jan. 31, 1992.
 The company remains financially strong, with shareholders' equity for $215 million, or $9.03 per common share; cash and investments of $85 million; and mortgage debt of $8,200,000 which is equivalent to only 3.8 percent of equity.
 Gerber Scientific, Inc. produces high technology factory automation capital equipment for a variety of industries.
 GERBER SCIENTIFIC, INC.
 Consolidated Summary of Earnings
 Third quarter
 Three months ended Jan. 31 1993 1992
 Sales $ 62,236,000 $ 61,174,000
 Earnings before income taxes 3,286,000 1,806,000
 Provision for income taxes (900,000) (600,000)
 Net earnings 2,386,000 1,206,000
 Earnings per share $.10 $.05
 Average shares outstanding 23,911,000 23,909,000
 Nine months ended Jan. 31 1993 1992
 Sales $188,994,000 $187,497,000
 Earnings before income taxes 8,847,000 9,352,000
 Provision for income taxes (2,900,000) (3,200,000)
 Net earnings 5,947,000 6,152,000
 Earnings per share $.25 $.26
 Average shares outstanding 23,896,000 23,902,000
 -0- 2/19/93
 /CONTACT: Robert D. Lipira of Gerber Scientific, Inc., 203-648-8041/
 (GRB)


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

LR-TS -- NY007 -- 8277 02/19/93 08:57 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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