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LANCER CORPORATION REPORTS FIRST QUARTER RESULTS

 LANCER CORPORATION REPORTS FIRST QUARTER RESULTS
 SAN ANTONIO, May 14 /PRNewswire/ -- Lancer Corporation (AMEX: LAN),


a San Antonio based leading manufacturer of fountain soft drink and other beverage dispensing systems sold worldwide, founded 25 years ago with a current employment of 601 employees announces results of operations for the first quarter ended March 31, 1992.
 Revenues for the first quarter ended March 31, 1992 were $11,982,041 compared with $9,565,037 for the previous year's first quarter results. Net earnings for the quarters ended March 31, 1992 and 1991 were $426,789 and $375,499 respectively. The net earnings per common share for the first quarter increased to $0.18 from $0.16 for the comparable period in 1991. Earnings benefited from increased domestic sales of the company's mechanically cooled dispensers.
 Cash flow continues to benefit from improved inventory turnover which is generating adequate funds to meet the company's long-term debt service obligations and minimize borrowings for short-term needs.
 LANCER CORPORATION
 Selected Financial Data
 (In thousands, except per share data)
 Three month period ended March 31 1992 1991
 Revenues $ 11,982 $ 9,565
 Net earnings $ 427 $ 376
 Net earnings per common share $ 0.18 $ 0.16
 Shares outstanding 2,327 2,327
 -0- 5/14/92
 /CONTACT: George F. Schroeder, president of Lancer, 512-344-3071/
 (LAN) CO: Lancer Corporation ST: Texas IN: FOD SU: ERN


SM -- NY058 -- 0170 05/14/92 11:19 EDT
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Publication:PR Newswire
Date:May 14, 1992
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