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MESA LABORATORIES INC. ANNOUNCES RECORD ANNUAL SALES AND INCOME

 WHEAT RIDGE, Colo., May 24 /PRNewswire/ -- Mesa Laboratories Inc. (NASDAQ: MLAB) today announces record sales and income for the fiscal year ended March 31, 1993.
 For the year, net sales rose 15 percent, to a record $4,354,000, from $3,785,000 in the previous fiscal year. Net income for the fiscal year rose to $912,000, or $.21 per share, from $910,000, or $.21 per share last year.
 Net sales for the fourth quarter increased 20 percent to a record $1,240,000, from a level of $1,035,000 last year. Net income for the final quarter decreased 18 percent to $282,000, or $.06 per share, from $344,000, or $.08 per share, in the same quarter last year. Net income for the final quarter was impacted by a loss generated by the company's NUSONICS(R) Sonic Flow Products operation in Tulsa, Okla., which was purchased in mid-February 1993.
 Luke Schmieder, president, announced that Mesa will relocate its newly acquired NUSONICS(R) Sonic Flow Products operation to its facility in Wheat Ridge during June of this year. Once completed, Mesa's operation in Colorado is expected to expand from its current level of 26 employees to more than 40. In addition, Mesa expects to realize significant savings as operations are consolidated and overhead and administrative expenses are reduced, according to Schmieder.
 Mesa Laboratories Inc. designs, develops, acquires, manufactures and markets electronic temperature and flow measurement systems for industrial applications and medical equipment for the kidney dialysis market.
 MESA LABORATORIES INC.
 Financial Summary
 Three Months Ended: March 31, 1993 March 31, 1992
 Net sales $1,240,000 $1,035,000
 Net income $282,000 $344,000
 Earnings per share $.06 $.08
 Average shares 4,426,000 4,440,000
 Twelve Months Ended: March 31, 1993 March 31, 1992
 Net sales $4,354,000 $3,785,000
 Net income $912,000 $910,000
 Earnings per share $.21 $.21
 Average shares 4,426,000 4,429,000
 -0- 5/24/93
 /CONTACT: Luke R. Schmieder, president of Mesa Laboratories, 303-431-4474/
 (MLAB)


CO: Mesa Laboratories Inc. ST: Colorado IN: MTC SU: ERN

JL-BP -- LA007 -- 1560 05/24/93 09:30 EDT
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Publication:PR Newswire
Date:May 24, 1993
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