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HICKOK ELECTRICAL REPORTS RECORD $10.3 MILLION BACKLOG

 HICKOK ELECTRICAL REPORTS RECORD $10.3 MILLION BACKLOG
 CLEVELAND, May 4 /PRNewswire/ -- The Hickok Electrical Instrument Company (NASDAQ: HICKA) today reported net income of $151,518, or 25 cents per share, on sales of $3,414,963 for the fiscal second quarter ended March 31. This compares to net income of $113,952, or 19 cents per share, on sales of $2,927,117 in the comparable period last year.
 For the six months, current year net income rose to $178,295, or 29 cents per share, compared to the $31,350, or five cents per share, last year. Six-month sales for the current fiscal year were $6,024,454, up 35 percent from the $4,466,861 of a year earlier.
 Order backlog as of March 31 rose to a record $10,287,000, up from $6,784,000 a year earlier. The company said that most of the backlog is scheduled for shipment in the current fiscal year ending Sept. 30.
 The Cleveland-based producer of automotive diagnostic tools 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.
 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 said current year earnings gains reflected the increased sales and effective expense containment. Order input continues at good levels, the company said.
 The company reported a strong financial position with current assets of $6,922,534, 2.4 times both total and current liabilities. Working capital amounted to $4,070,746 and stockholders' equity $5,489,690, or $9.00 per share.
 Hickok specializes in the development, manufacture and marketing of monitoring instruments as used in aircraft and in automotive electronics diagnostics and training.
 THE HICKOK ELECTRICAL INSTRUMENT COMPANY
 Consolidated Income Statement
 3 MONTHS
 Period Ended March 31 1992 1991
 Net sales $3,414,963 $2,927,117
 Income before taxes 248,218 191,252
 Income taxes 96,700 77,300
 Net income 151,518 113,952
 Earnings per share $.25 $.19
 Weighted average shares
 outstanding 609,712 609,712
 6 MONTHS
 Period Ended March 31 1992 1991
 Net sales $6,024,454 $4,466,861
 Income before taxes 292,195 51,350
 Income taxes 113,900 20,000
 Net income 178,295 31,350
 Earnings per share $.29 $.05
 Weighted average shares
 outstanding 609,712 609,712
 -0- 5/4/92
 /CONTACT: Robert L. Purcell of The Hickok Electrical Instrument Company, 216-541-8060/
 (HICKA) CO: The Hickok Electrical Instrument Company ST: Ohio IN: CPR SU: ERN


KK -- CL013 -- 5930 05/04/92 10:25 EDT
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Publication:PR Newswire
Date:May 4, 1992
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