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HADCO CORPORATION REPORTS RECORD SECOND QUARTER RESULTS

 SALEM, N.H., May 17 /PRNewswire/ -- HADCO Corporation (NASDAQ: HDCO) today announced that net income for the fiscal quarter ended May 1, 1993, was $2.7 million, or 25 cents per share, on net sales of $51.2 million. Net income for the first six months of fiscal 1993 was $4.3 million, or $.40 per share, on net sales of $95.4 million.
 In comparison, net income for the second quarter of fiscal 1992 was $2.3 million, or 21 cents per share, on $47.1 million of net sales. Net income for the first six months of fiscal 1992 was $3.6 million, or 34 cents per share, on $90.6 million of net sales.
 Bookings for the second quarter of fiscal 1993 were $48.6 million, up 2.3 percent from $47.5 million in the second quarter of fiscal 1992. Bookings through the second quarter of fiscal 1993 were $94.1 million, down 1 percent from $94.8 million through the second quarter of fiscal 1992. Total backlog at the end of the second quarter of fiscal 1993 was $28.4 million, down from $33.4 million at the end of the second quarter of fiscal 1992. Total backlog at the end of the first quarter of fiscal 1993 was $31.5 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
 Conslidated Summary Statements of Income
 (All dollar amounts, except per share data, in thousands)
 (Unaudited)
 Three Months Ended Six Months Ended
 May 1, May 2, May 1, May 2,
 1993 1992 1993 1992
 Net sales $51,198 $47,116 $95,453 $90,638
 Gross profit 10,359 9,223 18,153 16,371
 Operating income 4,465 3,914 7,055 6,295
 Income before provision
 for income taxes 4,257 3,574 6,698 5,661
 Net income 2,744 2,265 4,320 3,629
 Net income per common and
 common equivalent share 25 cents 21 cents 40 cents 34 cents
 Weighted average common
 and common equivalent
 shares outstanding 10,929,827 10,992,012 10,856,302 10,758,764
 HADCO CORPORATION
 Consolidated Summary Balance Sheets
 (all dollar amounts in thousands)
 May 1, Oct. 31,
 1993 1992
 (unaudited)
 Current assets $58,385 $55,593
 Net property, plant and
 equipment 49,046 47,570
 Other assets 772 390
 Total $108,203 $103,553
 Current liabilities $33,396 $32,432
 Other liabilities 10,576 11,758
 Stockholders' investment 64,231 59,363
 Total $108,203 $103,553
 -0- 5/17/93
 /CONTACT: Rodney P. DeRego, vice president and chief financial officer, Hadco Corporation, 603-898-8000/
 (HDCO)


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

SM-DJ -- NE024 -- 9328 05/17/93 15:07 EDT
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Date:May 17, 1993
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