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HADCO CORPORATION REPORTS INCREASE IN NET INCOME OF 16 PERCENT OVER FIRST QUARTER 1992

 SALEM, N.H., Feb. 15 /PRNewswire/ -- Hadco Corporation (NASDAQ: HDCO) today announced that net income for the fiscal quarter ended Jan. 30, 1993, was $1.6 million, or 15 cents per share, on net sales of $44.3 million.
 In comparison, net sales increased 1.7 percent and net income was 15.8 percent higher than the same period last year. Net income for the first quarter of fiscal 1992 was $1.4 million, or 13 cents per share, on $43.5 million of net sales.
 Bookings for the first quarter of fiscal 1993 were $45.5 million, down 3.9 percent from $47.3 million in the first quarter of fiscal 1992. Total backlog at the end of the first quarter of fiscal 1993 was $31.5 million, down from $32.7 million at the end of the first quarter of fiscal 1992. Total backlog at the end of the fourth quarter of fiscal 1992 was $30.4 million.
 Hadco is the largest North American independent manufacturer of dense double-sided and multilayer printed circuits, serving customers in the computer, telecommunications, automotive and instrumentation, including medical and industrial automation, industries. The company also manufactures backplanes for electronic interconnect systems. It operates six facilities in the United States.
 HADCO CORPORATION
 Consolidated Summary Statements of Income


(Unaudited, all dollar amounts, except per share data, in thousands
 Periods ended 13 Weeks 14 Weeks
 1/30/93 2/1/92
 Net sales $44,255 $43,522
 Gross profit 7,794 7,148
 Operating income 2,590 2,381
 Income before provision
 for income taxes 2,441 2,087
 Net income 1,576 1,364
 Net income per common and
 common equivalent share $.15 $.13
 Weighted average common
 and common equivalent
 shares outstanding 10,799,941 10,507,342
 HADCO CORPORATION
 Consolidated Summary Balance Sheets
 (All dollar amounts in thousands)
 Periods ended 1/30/93 10/31/92
 (Unaudited)
 Current assets $52,376 $55,593
 Net property, plant and equipment 47,897 47,570
 Other assets 514 390
 Total 100,787 103,553
 Current liabilities 28,804 32,432
 Other liabilities 10,741 11,758
 Stockholders' investment 61,242 59,363
 Total 100,787 103,553
 -0- 2/15/93
 /CONTACT: Rodney P. DeRego, vice president and chief financial officer of Hadco Corporation, 603-898-8000/
 (HDCO)


CO: Hadco Corporation ST: New Hampshire IN: CPR SU: ERN

LR-TS -- NY021 -- 6564 02/15/93 14:37 EST
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Publication:PR Newswire
Date:Feb 15, 1993
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