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NUCLEAR METALS, INC. ANNOUNCES SECOND QUARTER FISCAL 1992 RESULTS

NUCLEAR METALS, INC. ANNOUNCES SECOND QUARTER FISCAL 1992 RESULTS
 CONCORD, Mass., April 15 /PRNewswire/ -- Nuclear Metals, Inc. (NASDAQ: NUCM), a Concord-based manufacturer of specialized metal products, today announced financial results for the second quarter ended March 31, 1992.
 Net income for the quarter was $180,000 or 8 cents per share on average shares outstanding of 2,294,664. This compares with $367,000 or 15 cents per share on average shares outstanding of 2,376,864 for the same quarter a year earlier.
 Sales for the second quarter were $11,329,000 as compared to $13,148,000 for the second quarter last year.
 Earnings for the six-month period were $298,000 or 13 cents per share compared with $593,000 or 25 cents per share last year.
 Six-month sales of $22,447,000 were down from $24,057,000 in fiscal 1991.
 Backlog at the end of the second quarter was $22,446,000 compared to fiscal year 1991 ending backlog of $10,398,000.
 Second Quarter Ended Six Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Sales $11,329,000 $13,148,000 $22,447,000 $24,057,000
 Net income 180,000 367,000 298,000 593,000
 Earnings per
 share 8 cents 15 cents 13 cents 25 cents
 Net average
 no. of shares 2,294,664 2,376,864 2,312,915 2,378,188
 Backlog --- --- $22,446,000 $10,773,000
 -0- 4/15/92
 /CONTACT: Daral D. Ferguson, vice president, finance of Nuclear Metals, Inc., 508-263-3119/
 (NUCM) CO: Nuclear Metals, Inc. ST: Massachusetts IN: MNG SU: ERN


DD -- NE018 -- 8798 04/15/92 14:39 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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