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HICKOK ELECTRICAL REPORTS RECORD SALES, EARNINGS

 HICKOK ELECTRICAL REPORTS RECORD SALES, EARNINGS
 CLEVELAND, July 28 /PRNewswire/ -- The Hickok Electrical


Instrument Company (NASDAQ: HICKA) today reported record sales and earnings for the third quarter and nine months ended June 30.
 Net income of the Cleveland-based producer of automotive diagnostic tools and training programs and high technology indicating instruments for the current year third quarter rose to $463,806, or 76 cents per share, up from $124,694, or 21 cents per share, a year ago. Sales were $5,977,056 versus $2,905,515 a year ago.
 For the nine months, current year net income rose to $642,101, or $1.05 per share, compared to $156,044, or 26 cents per share, last year. Nine month sales for the current fiscal year were $12,001,510, up from $7,372,376 a year earlier.
 Order backlog as of June 30 was $7,539,000 compared to $6,451,000 at the beginning of the fiscal year. The company said current order input was good and emphasized 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.
 Hickok reported current assets of $9,799,076 which were 1.9 times current liabilities. Working capital amounted to $4,642,726 and stockholders' equity $5,953,496, or $9.76 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 June 30 1992 1991
 Net sales $5,977,056 $2,905,515
 Income before taxes 760,406 204,394
 Income taxes 296,600 79,700
 Net income $463,806 $124,694
 Earnings per share $.76 $.21
 Weighted average shares
 outstanding 609,712 609,712
 9 MONTHS
 Period ended June 30 1992 1991
 Net sales $12,001,510 $7,372,376
 Income before taxes 1,052,601 255,744
 Income taxes 410,500 99,700
 Net income $642,101 $156,044
 Earnings per share $1.05 $.26
 Weighted average shares
 outstanding 609,712 609,712
 -0- 7/28/92
 /CONTACT: Robert L. Purcell of The Hickok Electrical Instrument Company, 216-541-8060/
 (HICKA) CO: The Hickok Electrical Instrument Company ST: Ohio IN: AUT CPR SU: ERN


KK -- CL009 -- 3981 07/28/92 10:39 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
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