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HADCO CORPORATION REPORTS RECORD RESULTS FOR FISCAL 1992

 SALEM, N.H., Nov. 30 ~PRNewswire~ -- HADCO Corporation (NASDAQ-NMS: HDCO) today announced that net income for the fiscal quarter ended Oct. 31, 1992, was $2.5 million, or 23 cents per share, on net sales of $47.5 million. Net income for fiscal 1992 was $8.1 million, or 75 cents per share, on net sales of $183.4 million.
 In comparison, net income for the fourth quarter of fiscal 1991 was $1.8 million, or 17 cents per share, on $41.9 million of net sales. Net income for fiscal 1991 was $5.6 million, or 52 cents per share, on $152.9 million of net sales.
 Bookings for the fourth quarter of fiscal 1992 were $48.1 million, up 9.0 percent from $44.1 million in the fourth quarter of fiscal 1991. Bookings for fiscal 1992 were $184.2 million, up 18.8 percent from $155.0 million during fiscal 1991. Total backlog at the end of the fourth quarter of fiscal 1992 was $30.4 million, up from $28.1 million at the end of the fourth quarter of fiscal 1991. Total backlog at the end of the third quarter of fiscal 1992 was $30.1 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
 (all dollar amounts, except per share data, in thousands)
 Three Months Ended Year Ended
 Oct. 31, Oct. 26, Oct. 31, Oct. 26,
 1992 1991 1992 1991
 (unaudited)
 Net sales $47,487 $41,973 $183,408 $152,932
 Gross profit 9,239 7,934 34,160 27,744
 Operating income 4,042 2,752 13,404 9,553
 Net income 2,474 1,836 8,075 5,607
 Net income per common and
 common equivalent share 23 cents 17 cents 75 cents 52 cents
 Weighted average common
 and common equivalent
 shares outstanding 10,734,748 10,738,168 10,808,442 10,869,569
 Consolidated Summary Balance Sheets
 (all dollar amounts in thousands)
 Oct. 31, Oct. 26,
 1992 1991
 Current assets $55,593 $51,263
 Net property, plant
 and equipment 47,570 47,327
 Other assets 390 629
 Total $103,553 $99,219
 Current liabilities $32,432 $29,700
 Other liabilities 11,758 18,958
 Stockholders' investment 59,363 50,561
 Total $103,553 $99,219
 -0- 11~30~92
 ~CONTACT: Rodney P. DeRego, vice president and chief financial officer of Hadco, 603-898-8000~
 (HDCO)


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

CH -- NE017 -- 2130 11~30~92 17:53 EST
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Publication:PR Newswire
Date:Nov 30, 1992
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