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LANCER CORPORATION REPORTS SECOND QUARTER RESULTS

 SAN ANTONIO, Aug. 17 /PRNewswire/ -- Lancer Corporation (AMEX: LANCER), a San Antonio based leading manufacturer of fountain soft drink and other beverage dispensing systems sold worldwide, founded 26 years ago announces results of operations for the second quarter and six month periods ended June 30, 1993.
 Net sales for the six month period ended June 30, 1993 were $30,579,000 compared with $24,823,000 for the previous year's six months. Net sales for this year's second quarter amounted to $16,243,000 compared to $12,841,000 generated during last year's second quarter. These increases reflect a general increase in demand for all product lines, particularly mechanically cooled dispensers, citrus dispensers and syrup dispensing valves.
 Net earnings for the six months and quarter ended June 30, 1993 were $1,319,000 and $691,000, respectively, as compared to $741,000 and $314,000 for the same periods last year. These increases correspond to the increase in sales.
 The net earnings per share for the six months and second quarter ended June 30, 1993 were $.56 and $.29, respectively compared with $.32 and $.14 for the comparable periods in 1992.
 LANCER CORPORATION
 Selected Financial Data
 (In thousands except for earnings per share)
 Periods ended Three Month Six Month
 June 30 1993 1992 1993 1992
 Revenues $16,243 $12,841 $30,579 $24,823
 Operating Income $ 1,216 $ 760 $ 2,281 $ 1,576
 Net Earnings $ 691 $ 314 $ 1,319 $ 741
 Net Earnings Per Common
 Share $ 0.29 $ 0.14 $ 0.56 $ 0.32
 Shares Outstanding 2,375 2,327 2,370 2,327
 -0- 8/17/93
 /CONTACT: George F. Schroeder, president of Lancer Corporation, 210-344-3071/
 (LANCER)


CO: Lancer Corporation ST: Texas IN: SU: ERN

SM -- NY027 -- 3443 08/17/93 09:45 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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