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GILBERT ASSOCIATES REPORTS RESULTS, DECLARES DIVIDEND

 GILBERT ASSOCIATES REPORTS RESULTS, DECLARES DIVIDEND
 READING, Pa., Jan. 31 /PRNewswire/ -- Gilbert Associates, Inc.


(NASDAQ: GILBA) reported today the following results of operations for the quarter and fiscal year ended Jan. 3, 1992, and the comparison to the corresponding periods of the previous year:
 Quarter ended Jan. 3, 1992 Dec. 28, 1990
 Consolidated revenues $79,382,000 $63,125,000
 Consolidated income before
 income taxes 2,746,000 4,011,000
 Consolidated net income 1,763,000 2,789,000
 Consolidated net income per share $.23 $.36
 Average number of shares
 outstanding 7,718,875 7,831,479
 Fiscal year ended Jan. 3, 1992 Dec. 28, 1990
 Consolidated revenues $277,428,000 $260,633,000
 Consolidated income before
 income taxes 5,346,000 18,484,000
 Consolidated net income 3,252,000 11,664,000
 Consolidated net income per share $.42 $1.48
 Average number of shares
 outstanding 7,748,736 7,898,791
 Consolidated net income for the fiscal year ended Jan. 3, 1992, was decreased by expenses of $4,920,000 (net of income tax benefit of $2,480,000) or $.64 per share associated with the realizability of certain assets, anticipated losses on certain contracts and restructuring charges to address the current business environment within the engineering and consulting segment. The restructuring charge primarily includes costs for severance, employee relocation and facilities consolidation. The contract loss provision includes amounts related to a contract in the Middle East.
 The board of directors of Gilbert Associates, Inc., at its meeting held today, declared a regular quarterly dividend of $.18 per share on both the Class "A" and Class "B" common stock of the company, payable March 10, 1992, to the shareholders of record at the close of business Feb. 14.
 /delval/
 -0- 1/31/92 R
 /CONTACT: James R. Itin of Gilbert Associates, 215-775-5900/
 (GILB) CO: Gilbert Associates, Inc. ST: Pennsylvania IN: SU: ERN DIV


CC-MK -- PH016 -- 5640 01/31/92 13:04 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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