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KIMMINS ENVIRONMENTAL SERVICE CORP. ANNOUNCES SIGNIFICANT IMPROVEMENT IN NET INCOME FOR THE FIRST QUARTER

 TAMPA, Fla., May 13 /PRNewswire/ -- Kimmins Environmental Service Corp. (NYSE: KVN) today announces its first quarter gross revenue and earnings. Gross revenue for the quarter ended March 31, 1993, was $17,743,000 compared to $16,728,000 for the same period in 1992. Net income was $1,384,000 or $.10 per share, compared with a net loss of ($1,031,000) or ($.08) per share in 1992.
 Francis M. Williams, president of Kimmins Environmental Service Corp., commented, "The continued improvement in the overall operating results was led by our solid waste management segment, TransCor Waste Services, Inc. (NASDAQ: TRCW). This is the fourth consecutive quarter of profits; and not withstanding the $880,000 gain relating to the public offering of TransCor Waste Services, Inc., we are continuing to see improvements of the margins in our business lines."
 KIMMINS ENVIRONMENTAL SERVICE CORP.
 Quarter ended March 31,
 1993 1992
 Gross revenue $17,743,000 $16,728,000
 Income (loss) from
 continuing operations
 before non-operating
 gain relating to public
 offering of TransCor
 Waste Services, Inc. $504,000 ($1,084,000)
 Net income (loss) $1,384,000 ($1,031,000)
 Earnings per share $.10 ($.08)
 Weighted average shares
 outstanding 13,329,000 13,324,000
 Kimmins Environmental Service Corp. and its subsidiaries provide solid waste management services, including transfer, collection, demolition, and recycling; and specialty contracting services, including infrastructure development, dismantling and abatement, hazardous waste remediation, and incineration.
 Kimmins Environmental Service Corp. is headquartered in Tampa, Fla., and has regional offices in Niagara Falls, New York, and Houston. Kimmins Environmental Service Corp.'s stock is traded on the New York Stock Exchange under the symbol "KVN".
 -0- 5/13/93
 /CONTACT: S. David Silver of Kimmins Environmental Service Corp., 813-247-0182/
 (KVN)


CO: Kimmins Environmental Service Corp. ST: Florida IN: SU:

SS-XX -- FL002 -- 7960 05/13/93 09:26 EDT
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Publication:PR Newswire
Date:May 13, 1993
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