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GERBER SCIENTIFIC REPORTS RESULTS

 SOUTH WINDSOR, Conn., May 25 /PRNewswire/ -- Gerber Scientific, Inc. (NYSE: GRB) today reported higher fourth quarter and annual operating results. For the year ended April 30, 1993, consolidated sales increased 2 percent to $254,365,000 from $249,978,000 for the previous year. Earnings per share rose 13 percent to $.35 for the year ended April 30, 1993 from $.31 for the previous year, based on average shares outstanding of 23,918,000 and 23,909,000, respectively. Consolidated net earnings for this year of $8,336,000 were 12 percent higher than net earnings of $7,428,000 last year.
 For the fourth quarter ended April 30, 1993, consolidated sales rose 5 percent to $65,371,000 from $62,481,000 for the same period last year. Earnings per share were $.10 in this year's fourth quarter, double the $.05 in earnings per share in last year's fourth quarter, based on average shares outstanding of 23,987,000 and 23,931,000, respectively. Consolidated net earnings in this year's fourth quarter rose 87 percent to $2,389,000 from $1,276,000 in the fourth quarter of last year.
 The company reported that new orders received for the year ended April 30, 1993 were $247,800,000 compared with $246,000,000 in the prior year. Backlog at April 30, 1993 was $50,800,000 compared with $57,400,000 at April 30, 1992.
 The company remains financially strong, with high liquidity and a low ratio of debt-to-equity. At April 30, 1993 shareholders' equity was $215,460,000, or $9.04 per share, cash and investments totaled $91,000,000, and total debt amounted to only $8,111,000, or 3.8 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 the fiscal years ended April 30, 1993 and 1992 follow:
 Fourth quarter financial figures
 Three months ended April 30, 1993 1992
 Sales $ 65,371,000 $ 62,481,000
 Earnings before inc. taxes 3,389,000 1,976,000
 Provision for inc. taxes (1,000,000) (700,000)
 Net earnings $ 2,389,000 $ 1,276,000
 Earnings per share $ .10 $ .05
 Average share outstanding 23,987,000 23,931,000
 Financial figures
 Year ended April 30, 1993 1992
 Sales $254,365,000 $249,978,000
 Earnings before inc. taxes 12,236,000 11,328,000
 Provision for inc. taxes (3,900,000) (3,900,000)
 Net earnings $ 8,336,000 $ 7,428,000
 Earnings per share $ .35 $ .31
 Average share outstanding 23,918,000 23,909,000
 -0- 5/25/93
 /CONTACT: Robert D. Lipira of Gerber Scientific, 203-648-8041/
 (GRB)


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

SM-SH -- NY018 -- 2014 05/25/93 09:04 EDT
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Publication:PR Newswire
Date:May 25, 1993
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