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LABARGE ANNOUNCES 58 PERCENT INCREASE IN NET EARNINGS FOR ITS FISCAL 1994 FIRST QUARTER

 ST. LOUIS, Oct. 28 /PRNewswire/ -- LaBarge Inc. (AMEX: LB) today announced a 58 percent increase in net earnings for its fiscal 1994 first quarter ended Oct. 3, 1993.
 Net earnings for the quarter were $603,000 compared to net earnings of $380,000 recorded in the first quarter of fiscal 1993. Earnings per common share for the current quarter were 4 cents versus 3 cents in the year earlier quarter.
 Net sales for the quarter were $19,608,000, up 9.7 percent from the $17,868,000 recorded in last year's first quarter.
 Craig E. LaBarge, chief executive officer and president, commented on the results, "We are extremely pleased with the company's first quarter performance. In spite of the uncertainties in many of the markets we serve, we remain optimistic about the year.
 "During the quarter we again generated very good cash flow which allowed us to reduce debt by another $1.1 million.
 "Throughout the company, we are working hard to control expenses. As a result, overhead and operating expenses are down 9 percent compared to last year's first quarter. This is quite an accomplishment, particularly considering that sales were up almost 10 percent in the quarter."
 LABARGE INC.
 Fiscal 1994 First Quarter
 Three Months Ended
 Oct. 3, Sept. 27,
 1993 1992
 Net sales $19,608,279 $17,868,236
 Earnings from operations
 before income taxes 641,123 400,940
 Income tax expense 38,500 20,900
 Net earnings $602,623 $380,040
 Net earnings per common share $.04 $.03
 Average common shares outstanding 15,102,917 14,992,642
 -0- 10/28/93
 /CONTACT: LaBarge, 314-231-5960/
 (LB)


CO: LaBarge Inc. ST: Missouri IN: ARO SU: ERN

BB -- DV003 -- 7880 10/28/93 11:48 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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