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NUCLEAR SUPPORT SERVICES REPORTS FOURTH QUARTER, YEAR END

 CAMPBELLTOWN, Pa., Nov. 18 ~PRNewswire~ -- Nuclear Support Serv ices, Inc. (NASDAQ: NSSI) reported net earnings of $326,465 or $.15 per share on revenues of $16,925,582 for the three months ended Sept. 30, 1992, compared to $216,062 or $.10 per share on revenues of $12,525,612 for the same period last year.
 NSSI subsidiaries, NSS NUMANCO, Inc. and Henze Services, Inc., both had positive earnings for the final quarter, with Henze experiencing a modest financial turnaround compared to previous quarters of this fiscal year.
 For the 12-month period, NSSI posted net earnings of $685,268 or $.32 per share for the 1992 fiscal year period compared to $987,117 or $.45 per share during the similar period of 1991. Revenues for the fiscal year increased 10 percent from $71,388,596 in 1991 to $78,463,100 this year. Although staff augmentation subsidiary, NSS NUMANCO, Inc. performed well, NSSI's overall financial results were negatively affected by the weak contribution of our higher margin, non-nuclear revenues of Henze Services, Inc. Henze experienced a setback in profitability throughout the first nine months of the fiscal year due to national economic conditions affecting its primary markets in the areas of fossil fuel, pulp and paper and non-nuclear power generation.
 Joe C. Quick, chairman, president and chief executive officer said, "Fiscal year 1992 was a challenging year for NSSI as we successfully completed the consolidation of our nuclear operations, and met, and addressed the economic adversity affecting our non-nuclear markets. The fourth quarter showed improvement and we are optimistic that the company is positioned to meet future demands of our changing marketplace."
 Nuclear Support Services, Inc. is a leader in providing support and maintenance to the nuclear power, fossil fuel and processing industries.
 NUCLEAR SUPPORT SERVICES
 Consolidated Statements of Operations
 (Unaudited)
 Twelve months ended Sept. 30, 1992 Sept. 30, 1991
 Revenues $78,463,100 $71,388,596
 Income from
 operations 1,938,871 2,631,356
 Other expense, net (868,603) (1,119,239)
 Earnings before
 income taxes 1,070,268 1,512,117
 Income tax expense 385,000 525,000
 Net earnings 685,268 987,117
 Earnings per share $0.32 $0.45
 Weighted average
 common and common
 equivalent shares 2,170,829 2,191,223
 Three months ended Sept. 30, 1992 Sept. 30, 1991
 Revenues $16,925,582 $12,525,612
 Income from
 operations 519,497 526,550
 Other expense, net (48,032) (299,488)
 Earnings before
 income taxes 471,465 227,062
 Income tax expense 145,000 11,000
 Net earnings 326,465 216,062
 Earnings per share $0.15 $0.10
 Weighted average
 common and common
 equivalent shares 2,167,457 2,170,094
 ~delval~
 -0- 11~18~92
 ~CONTACT: Joe C. Quick, chairman, president and CEO of Nuclear Support Services, 717-838-8125~
 (NSSI)


CO: Nuclear Support Services, Inc. ST: Pennsylvania IN: SU: ERN

MJ -- PH001 -- 2169 11~18~92 08:25 EST
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Publication:PR Newswire
Date:Nov 18, 1992
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