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HICKOK ELECTRICAL REPORTS $6.7 MILLION BACKLOG

 HICKOK ELECTRICAL REPORTS $6.7 MILLION BACKLOG
 CLEVELAND, Feb. 6 /PRNewswire/ -- The Hickok Electrical Instrument


Company (NASDAQ: HICKA) today reported net income of $26,777, or 4 cents per share, on sales of $2,609,491 for the fiscal first quarter ended Dec. 31. This compares to a loss of $82,602, or 14 cents per share, on sales of $1,539,744 in the comparable period last year.
 Order backlog as of Dec. 31 was $6,673,000 compared to $6,575,000 a year earlier.
 The Cleveland-based producer of automotive diagnostic instruments and training programs and high technology indicating instruments said that sales, earnings and backlog figures can vary substantially from period to period because a high proportion of sales are subject to customer shipment release dates.
 The company said a substantial portion of current backlog is scheduled for shipment in the second half of the fiscal year. Order input continues at good levels, the company said.
 In the fiscal year ended Sept. 30, 1991, Hickok Electrical earned $577,635, or 95 cents per share on sales of $11,705,787.
 The company reported a strong financial position with current assets of $5,073,703, 5.2 times both total and current liabilities. Working capital amounted to $4,098,186 and stockholders' equity $5,392,756, or $8.84 per share.
 Hickok specializes in the development, manufacture and marketing of engine monitoring instruments as used in aircraft and in automotive electronics, service instrumentation and training programs. Its Hickok-Dearborn unit, based in Dearborn, Mich., formulates electronic systems diagnostic strategies.
 THE HICKOK ELECTRICAL INSTRUMENT COMPANY
 Statement of Consolidated Income
 Periods ended Dec. 31 1991 1990
 Net sales $2,609,491 $1,539,744
 Income (loss) before income taxes 43,977 (139,902)
 Income Taxes 17,200 (57,300)
 Net income (loss) 26,777 (82,602)
 Net income (loss) per share .04 (.14)
 Weighted average shares
 outstanding 609,712 609,712
 -0- 2/6/92
 /CONTACT: Robert L. Purcell of The Hickok Electrical Instrument Company, 216-541-8060/ CO: The Hickok Electrical Instrument Company ST: Ohio IN: CPR SU: ERN


KK -- CL023 -- 7784 02/06/92 13:56 EST
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Publication:PR Newswire
Date:Feb 6, 1992
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