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LANCER REPORTS SECOND QUARTER RESULTS

 LANCER REPORTS SECOND QUARTER RESULTS
 SAN ANTONIO, Texas, Aug. 14 /PRNewswire/ -- Lancer Corporation


(AMEX: LANCER), a San Antonio-based leading manufacturer of fountain soft drink and other beverage dispensing systems sold worldwide, founded 25 years ago announces results of operations for the second quarter and six-month period ended June 30, 1992.
 Revenues for the six-month period ended June 30, 1992 were $24,823,000 compared with $18,311,000 for the previous year's six-month total. Revenues for this year's second quarter amounted to $12,841,000 compared to $8,746,000 generated during last year's second quarter. These increases reflect shipments against large order for mechanically cooled dispensers during the first six months of 1992. The remainder of this order will be satisfied in the third quarter.
 Net earnings for the six-months and quarter ended June 30, 1992 were $741,000 and $314,000, respectively, as compared to $492,000 and $116,000 for the same periods last year. These increases correspond to the upswing in sales this year, as well as reduced interest expense due to a combination of debt retirement and a decrease in the prime rate.
 The net earnings per share for the six months and second quarter ended June 30, 1992 were $.32 and $.14, respectively compared with $.21 and $.05 for the comparable periods in 1991.
 LANCER CORPORATION
 (In thousands except for earnings per share)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Revenues $12,841 $ 8,746 $24,823 $18,311
 Operating income 760 469 1,576 1,266
 Net earnings 314 116 741 492
 Net earnings per
 common share $0.14 $0.05 $0.32 $0.21
 Shares outstanding 2,327 2,327 2,327 2,327
 -0- 8/14/92
 /CONTACT: George F. Schroeder, president of Lancer, 512-344-3071/
 (LANCER) CO: Lancer Corporation ST: Texas IN: FOD SU: ERN


TS -- NY022 -- 9919 08/14/92 10:01 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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