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LABARGE REPORTS RESULTS

 LABARGE REPORTS RESULTS
 ST. LOUIS, Mo., Oct. 29 /PRNewswire/ -- LaBarge, Inc. (AMEX: LB)


today announced results for its fiscal 1993 first quarter ended Sept. 27, 1992.
 Net earnings for the quarter were $380,000, compared to earnings of $2,715,000 recorded for the first quarter of fiscal 1992. Earnings for the first quarter fiscal 1992 include a non-operating, one-time gain of $2,335,000 due to the effect of a change in accounting for income taxes. Earnings per common share for the current quarter were 3 cents, compared with earnings of 1 cent from continuing operations and 18 cents total for the year ago quarter.
 Net sales for the quarter were $17,868,000, compared to the $17,891,000 recorded during the same period in fiscal 1992.
 Craig E. LaBarge, chief executive officer and president, commented on the results:
 "We are pleased with the company's performance during the first fiscal quarter 1993. As expected earnings per common share were aided by the elimination of the Class C preferred stock dividends. The reduction in debt service costs, due to the refinancing, also contributed to higher earnings per share from continuing operations.
 "Although net sales were essentially the same as the year ago period, we continue to expect sales growth for the year. We are pursuing a number of commercial opportunities which should allow us to meet our growth objectives."
 LABARGE, INC.
 Three Months Ended 9/27/92 9/29/91
 Net sales $17,868,236 $17,890,683
 Earnings from operations before
 income taxes and effect of accounting
 change 400,940 377,576
 Income tax expense (benefit) 20,900 (3,000)
 Net earns. bef. effect of acctg. change 380,040 380,576
 Cumulative effect of change in
 accounting for income taxes -- 2,334,552
 Net earnings 380,040 2,715,098
 Less: preferred stock dividends -- 50,000
 preferred stock discount accretion -- 224,232
 Net earns. available to com. shareholders 380,040 2,440,866
 Earnings per common share:
 Before effect of accounting change $.03 $.01
 Cumulative effect of accounting change -- .17
 Earnings per common share $.03 $.18
 Weighted average common shares
 outstanding 14,992,642 13,489,616
 -0- 10/29/92
 /CONTACT: LaBarge, Inc. public relations, 314-231-5960/
 (LB) CO: LaBarge, Inc. ST: Missouri IN: ARO SU: ERN


LR-PS -- NY046 -- 6578 10/29/92 12:27 EST
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Date:Oct 29, 1992
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