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LXE ANNOUNCES FINANCIAL RESULTS FOR 1991

 LXE ANNOUNCES FINANCIAL RESULTS FOR 1991
 ATLANTA, Jan. 21 /PRNewswire/ -- LXE Inc. (NASDAQ: LXEI)


reported substantial increases in sales and earnings for the fourth quarter and year ended Dec. 31, compared with the same periods one year earlier.
 Net sales for the quarter ended Dec. 31 were $10,677,000, compared with $7,654,000 for the same quarter one year earlier. Earnings for the fourth quarter of 1991 were $1,048,000, a 94 percent increase over earnings of $541,000 for the fourth quarter of 1990. Earnings per share for the fourth quarter of 1991 increased to $.18 from $.12 for the fourth quarter of 1990.
 Net sales for the year of 1991 were $38,721,000, compared with $26,468,000 for 1990. Earnings for the year were $3,236,000, an increase of 72 percent over earnings of $1,882,000 for the same period one year earlier. Earnings per share for the year were $.60 in 1991 and $.43 in 1990.
 LXE received $13.2 million in orders during the fourth quarter of 1991 and $41.2 million in orders during the year.
 LXE designs, manufactures, sells and suppports radio-linked data communications systems for real-time transaction processing in materials handling operations. LXE common stock is traded in the Over-the-Counter market.
 LXE INC.
 Summary Financial Data
 (In thousands, except earnings per share)
 Qtr. ended Year ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net sales $10,677 $ 7,654 $38,721 $26,468
 Operating income 1,563 856 4,868 2,980
 Earnings before
 income tax 1,690 873 5,221 3,036
 Net earnings 1,048 541 3,236 1,882
 Earnings per share $ .18 $ .12 $ .60 $ .43
 Wtd. avg. common
 shares and
 equivalents 5,813 4,401 5,398 4,401
 Condensed Balance Sheet
 Dec. 31, 1991
 Cash and cash
 equivalents $ 8,914 Current liabilities $ 5,099
 Receivables 6,479 Other liabilities 371
 Inventories 6,078 Long-term debt 3,477
 Net plant and
 equipment 9,503
 Other assets 1,226 Shareholders' equity 23,253
 Total $32,200 $32,200
 -0- 1/21/92
 /CONTACT: Don T. Scartz, treasurer and secretary of LXE, 404-263-9200/
 (LXEI) CO: LXE Inc. ST: Georgia IN: CPR SU: ERN


BR-BN -- AT009 -- 1838 01/21/92 12:26 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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