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OEA REPORTS RECORD SECOND QUARTER AND SIX-MONTH RESULTS

 OEA REPORTS RECORD SECOND QUARTER AND SIX-MONTH RESULTS
 DENVER, March 10 /PRNewswire/ -- Ahmed D. Kafadar, chairman and chief executive officer of OEA Inc. (NYSE: OEA), the Denver-based, high-technology manufacturer of aerospace and automotive safety products, reported record results for the second quarter and six months ended Jan. 31, 1992.
 Sales and net earnings for the second quarter were $22,630,400 and $3,428,200, respectively, compared to $20,251,900 and $2,857,000 for the prior-year second quarter. Net earnings for the six months were $6,784,600 on sales of $44,929,700, compared to net earnings of $5,636,100 on sales of $38,953,200 for the prior-year comparable period. Earnings per share for the quarter were 51 cents compared to 42 cents for the fiscal year 1991 second quarter, with six-month results of $1 per share compared to 84 cents for the fiscal year 1991 first six months. Kafadar noted that sales of the automotive safety products segment for the second quarter and six months ended Jan. 31, 1992 increased 45 percent and 52 percent, respectively, over prior-year comparable periods. The 20 percent increase in net earnings for both the second quarter and six months were related to increases in both the aerospace/defense and automotive segments.
 Bookings of new orders exceed $25 million during the second quarter. Backlog of unfilled orders at Jan. 31, 1992, was $95 million up from the $92 million reported a year earlier.
 OEA is a leader in the field of propellant and explosive-actuated devices used in (1) the personnel escape systems of military aircraft, missiles, and for space application and (2) the automotive air bag.
 OEA INC.
 FINANCIAL SUMMARY
 Three Months Ended
 Jan. 31,
 1992 1991
 Net sales $22,630,400 $20,251,900
 Operating profit 5,392,600 4,438,400
 Earnings before income taxes 5,392,300 4,581,700
 Federal and state income tax
 expense 1,964,100 1,724,700
 Net earnings 3,428,200 2,857,000
 Net earnings per share (note) $.51 $.42
 Average number of shares
 outstanding (note) 6,769,510 6,733,877
 Six Months Ended
 Jan. 31,
 1992 1991
 Net sales $44,929,700 $38,953,200
 Operating profit 10,601,800 8,829,900
 Earnings before income taxes 10,683,100 9,063,400
 Federal and state income tax
 expense 3,898,500 3,427,300
 Net earnings 6,784,600 5,636,100
 Net earnings per share (note) $1.00 $.84
 Average number of shares
 outstanding (note) 6,761,387 6,727,926
 Note: The reported earnings per share and average number of shares outstanding do not reflect the 200 percent stock dividend paid Feb. 14, 1992, to the shareholders of record at the close of business on Jan. 31, 1992.
 -0- 3/10/92
 /CONTACT: A. D. Kafadar, C. B. Kafadar or J. E. Banko all of OEA, 303-693-1248/
 (OEA) CO: OEA Inc. ST: Colorado IN: AUT ARO SU: ERN


BB -- DV002 -- 6827 03/10/92 11:10 EST
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Date:Mar 10, 1992
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