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KRUG INTERNATIONAL CORP. ANNOUNCES FISCAL 1993 THIRD QUARTER AND NINE-MONTH RESULTS

 DAYTON, Ohio, Feb. 3 /PRNewswire/ -- KRUG International (NASDAQ: KRUG) today announced results for the third quarter and nine- month period ended Dec. 31, 1992. Revenues for the third quarter were $22.2 million, compared to $25.7 million recorded for the third quarter last year. For the nine months, revenues were $73.5 million, compared to $72.4 million recorded in the corresponding period last year.
 For the third quarter, net earnings were $432,000 or $.10 per share compared to $267,000 or $.06 per share for the third quarter last year. For the nine months, net earnings were $1,689,000 or $.41 per share compared to $1,317,000 or $.32 per share for the corresponding period last year.
 Fiscal 1993 third quarter revenues decreased over those recorded in last year's comparable period. The decrease is a result of a third quarter decline in the U.S. Aerospace revenues from government support service contracts, and the adverse effect of currency translation on the revenues of the corporation's U.K. businesses.
 However, for the nine month period, revenues increased by $1.1 million, due primarily to the favorable effect of currency translation.
 Through its three businesses -- Aerospace in the U.S.; Leisure Marine and Housewares in the U.K. -- KRUG International provides government, industry and consumers with a wide variety of products and services.
 For more than 30 years, the Aerospace business has been providing technical and professional services to NASA and the Department of Defense in life sciences research, laboratory operations, and biotechnology development. Included in Aerospace is Alpha Net, a network communications company that designs, installs and maintains local and wide area networks for data, voice and video communications with emphasis on fiber optics.
 In the U.K., KRUG International manufactures housewares and garden products and distributes leisure marine equipment.
 KRUG International common shares are traded on the NASDAQ National Market System, symbol KRUG; Wall Street Journal OTC National Market issue, symbol KRUG.
 KRUG INTERNATIONAL CORP. ANNOUNCES FISCAL
 1993 THIRD QUARTER AND NINE-MONTH RESULTS
 Amounts in $000's, except share and per share amounts
 Three Months Ended Dec. 31 1992 1991
 Revenues $22,177 $25,712
 Earnings before income taxes $ 628 $ 450
 Net Earnings $ 432 $ 267
 Net Earnings Per Share $ .10 $ .06
 Average Common and Common
 Equivalent Shares Outstanding 4,130,441 4,119,009
 Nine Months Ended Dec. 31 1992 1991
 Revenues $73,505 $72,369
 Earnings Before Cumulative
 Effect of Change in Accounting
 Principle $ 1,689 $ 1,188
 Cumulative Effect of Change
 in Accounting Principle -- $ 129
 Net Earnings $ 1,689 $ 1,317
 Earnings Per Share Before
 Cumulative Effect of Change
 in Accounting Principle $ .41 $ .29
 Net Earnings Per Share $ .41 $ .32
 Average Common and Common
 Equivalent Shares Outstanding 4,123,812 4,120,147
 -0- 2/3/93
 /CONTACT: Ellen H. Geron, director-corporate communications of KRUG International, 513-224-9066/
 (KRUG)


CO: KRUG International ST: Ohio IN: ARO LEI SU: ERN

0920 -- CL004 -- 2250 02/03/93 09:20 EST
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Date:Feb 3, 1993
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