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HICKOK ELECTRICAL REPORTS RECORD $2.54 PER SHARE

 CLEVELAND, Dec. 14 /PRNewswire/ -- The Hickok Electrical Instrument Company (NASDAQ: HICKA) today reported record net income of $1,524,286, or $2.54 per share, for the fiscal year ended Sept. 30, an increase of 23 percent over the $1,241,091, or $2.03 per share, of fiscal 1992, the previous record. Sales were a record $20,876,002, 13 percent above the year-earlier $18,406,287.
 Final period net income was a quarterly record $803,077, or $1.34 per share, up 34 percent from the $598,990, or 98 cents per share, earned in the fiscal 1992 fourth quarter, the previous record.
 The company said that the earnings gains reflected the increased sales, favorable product mix and effective expense containment. Sales increases were largely attributable to the company's automotive diagnostic strategies development and training programs.
 Order backlog as of Sept. 30 amounted to $4,271,000. Backlog a year earlier was $4,423,000. Current order input is good, the company said.
 The company said that the strong fourth quarters in both fiscal 1993 and fiscal 1992 reflected the fact that a substantial portion of its automotive-related business represents large contracts which are subject to customer shipment release dates.
 Hickok reported a strong financial position with current assets of $9,637,520 representing 2.7 times current liabilities and 2.7 times total liabilities. Working capital at Sept. 30 was $6,062,277 and stockholders' equity amounted to $7,338,476, or $12.25 per share.
 Hickok Electrical specializes in services for transportation industries including development, manufacture and marketing of electronic diagnostic equipment, diagnostics, training and publishing for automotive and marine customers and indicating instruments for aircraft, locomotive and general industrial applications.
 THE HICKOK ELECTRICAL INSTRUMENT CO.
 Consolidated Income Statement
 3 MONTHS 12 MONTHS
 Period ended Sept. 30 1993 1992 1993 1992
 Net Sales $7,127,264 $6,404,776 $20,876,002 $18,406,287
 Income before taxes 1,280,077 861,490 2,434,286 1,914,091
 Income taxes 477,000 262,500 910,000 673,000
 Net income $ 803,077 $ 598,990 $ 1,524,286 $ 1,241,091
 Earnings per share $ 1.34 $ .98 $ 2.54 $ 2.03
 Weighted average
 shares
 outstanding 595,605 609,712 598,997 609,712
 -0- 12/14/93
 /CONTACT: Eugene T. Nowakowski of The Hickok Electrical Instrument Company, 216-541-8060/
 (HICKA)


CO: The Hickok Electrical Instrument Company ST: Ohio IN: CPR SU: ERN

AR-KL -- CL007 -- 3582 12/14/93 10:43 EST
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Publication:PR Newswire
Date:Dec 14, 1993
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