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KIMMINS ENVIRONMENTAL SERVICE CORP. REPORTS NET INCOME FOR THE THIRD QUARTER

 TAMPA, Fla., Nov. 17 ~PRNewswire~ -- Kimmins Environmental Serv ice Corp. (NYSE: KVN) today announced its third quarter and nine months gross revenue and earnings.
 Gross revenue for the quarter ended Sept. 30 was $24,811,000 compared to $30,189,000 for the same period in 1991. Net income for the quarter ended Sept. 30 was $246,000 or $.02 per share compared with income of $1,023,000 or $.08 per share for the same period in 1991.
 Gross revenue for the nine months ended Sept. 30 was $64,623,000 compared to $77,111,000 for the same period in 1991. Net loss for the nine months ended Sept. 30 was $293,000 or $.02 per share compared to net income of $2,677,000 or $.20 per share for the same period in 1991.
 Francis M. Williams, president of Kimmins Environmental Service Corp., commented: "Quarterly results were in line with our expectations. We continue to make progress, especially in this time of economic difficulty. We have successfully streamlined our organization, and we are focused and prepared to take advantage of future market growth in our environmental group."
 Williams further stated: "Our solid waste group again increased revenue and operating income compared to the previous quarter. We believe this group will be a major contributor to our long-term success."
 Kimmins Environmental Service Corp.
 Condensed Consolidated Statements of Operations
 (Unaudited)
 3 mos. ended Sept. 30 1992 1991
 Gross Revenue $ 24,811,000 $ 30,189,000
 Net income (loss) $ 246,000 $ 1,023,000
 Earnings per share $ .02 $ .08
 Weighted average shares
 outstanding 13,328,992 13,324,192
 9 mos. ended Sept. 30 1992 1991
 Gross Revenue $ 64,623,000 $ 77,111,000
 Net income (loss) $ (293,000) $ 2,677,000
 Earnings per share $ (.02) $ .20
 Weighted average shares
 outstanding 13,328,344 13,324,192
 Kimmins Environmental Service Corp. and its subsidiaries provide solid waste management services, including collection, transfer and recycling; environmental services, including hazardous waste remediation and incineration; dismantling and abatement of industrial facilities; and environmental infrastructure development.
 Kimmins Environmental Service Corp. is headquartered in Tampa, Fla., and has regional offices in Niagara Falls, N.Y.; Houston; Pittsburgh; and Los Angeles. Kimmins Environmental Service Corp.'s stock is traded on the New York Stock Exchange under the symbol "KVN."
 -0- 11~17~92
 ~CONTACT: S. David Silver of Kimmins Environmental Service Corp., 813-247-0182~
 (KVN)


CO: Kimmins Environmental Service Corporation ST: Florida IN: SU: ERN

BN -- AT011 -- 1822 11~17~92 12:03 EST
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Date:Nov 17, 1992
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