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LaBARGE REPORTS INCREASED THIRD QUARTER EARNINGS

 LaBARGE REPORTS INCREASED THIRD QUARTER EARNINGS
 ST. LOUIS, April 30 /PRNewswire/ -- LaBarge, Inc. (AMEX: LB) today


announced results for its fiscal 1992 third quarter and nine months ended March 29, 1992.
 Net earnings for the quarter were $1,121,000, up 29 percent from the $866,000 for the third quarter of fiscal 1991. For the nine months ended March 29,1992, net earnings were $2,309,000, up 46 percent compared to net earnings of $1,587,000 for the first nine months of fiscal 1991.
 Net sales for the quarter were $20,637,000, up 3 percent compared to $20,086,000 during the third quarter of fiscal 1991. For the nine months ended March 29, 1992, net sales were $58,646,000, up 11 percent compared to $53,065,000 for the comparable period of fiscal 1991.
 Earnings per common share, after giving effect to preferred stock dividends were 6 cents for the third quarter and 11 cents for the first nine months. This compared to earnings per common share of 5 cents for the third quarter and 7 cents for the first nine months of fiscal 1991.
 Craig E. LaBarge, chief executive officer and president, commented:
 "We are very pleased with the company's results for the third quarter and nine months of fiscal 1992. As they have for the last five quarters, our net earnings have shown double digit growth when compared to the prior year's quarter. Net sales for the third quarter and nine months set new records.
 "While our commercial business continues its rapid expansion, our new $3.3 million contract with Westinghouse Electric Corporation shows the company's continued strength in the defense electronics market. Under the contract, the company is producing a variety of cables, electronic assemblies and other hardware for the MK-48 ADCAP torpedo.
 "Our backlog of unshipped orders remains strong. The overall level of new and expanded business opportunities continues to grow, particularly in the commercial sector.
 "We are confident that results for the full year will be excellent."
 LaBARGE, INC.
 Three months ended Nine months ended
 3/29/92 3/31/91 3/29/92 3/31/91
 Net sales $20,637,347 $20,086,030 $58,646,172 $53,065,490
 Earnings from
 operations 1,881,881 1,866,476 4,802,148 4,655,328
 Earnings from
 operations before
 income taxes and
 extraord. item 1,144,013 898,381 2,355,741 1,618,649
 Provision for
 income taxes 411,700 337,500 848,000 582,300
 Net earnings before
 extraord. item 732,313 560,881 1,507,741 1,036,349
 Extraord. item:
 tax effect of net
 operating loss
 carryforwards 388,900 305,500 800,900 550,300
 Net earnings 1,121,213 866,381 2,308,641 1,586,549
 Less:
 Preferred
 stock dividends 50,000 50,000 150,000 150,000
 Preferred stock
 accretion 264,519 190,080 732,295 526,219
 Net earnings
 available to
 com. shareholders 806,694 626,301 1,426,346 910,430
 Earnings per
 common share:
 Before extraord. item .03 .03 .05 .03
 Extraordinary item .03 .02 .06 .04
 Net earnings per
 common share .06 .05 .11 .07
 Weighted avg. common
 shares outstndg. 13,517,591 13,489,616 13,498,941 13,489,616
 -0- 4/30/92
 /CONTACT: LeBarge, Inc. public relations, 314-231-5960/
 (LB) CO: LaBarge, Inc. ST: Missouri IN: ARO SU: ERN


TQ-NY -- NY080 -- 5067 04/30/92 15:14 EDT
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Date:Apr 30, 1992
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