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ORBOTECH ANNOUNCES 1992 YEAR END RESULTS

 BOSTON, March 15 /PRNewswire/ -- Orbotech Ltd. (NASDAQ-NMS: ORBKF) today announced audited consolidated revenues and earnings for the year ended Dec. 31, 1992. As of the fourth quarter of 1992, in light of the merger, includes the results of Orbot Systems Ltd.
 Revenues for 1992 were $75,552,758, compared to $70,671,487 in 1991. The company reported a loss of $31,347,737, or $4.26 per share, for the year ended Dec. 31, 1992, (based on 7,367,011 shares being the weighted average number of shares outstanding as of Dec. 31, 1992, as opposed to 12,623,847 shares issued and outstanding at the same date), compared with net income of $899,000, or 14 cents per share in 1991. It includes a one-time restructuring charge of $16,923,347 which resulted from the merger of the two companies.
 Proforma unaudited consolidated combined financial results giving effect to the merger of Orbot and Optrotech, had the merger been affected at the beginning of the year are as follows: Proforma revenues for 1992 were $110,618,504. Proforma loss, excluding r quarters of 1992.
 Orbotech's 1991 financial statements have been restated to reflect certain adjustments. Net income as restated for the year 1991 was $899,000 or 14 cents per share, compared to $1,464,000 or 23 cents per share, as originally reported.
 Orbotech's management anticipates that the restructuring and consolidation of the company's operations will lead to reduced expenses in an amount estimated at approximately $20 million per year. Orbotech believes that the restructuring and consolidation, the wide range of high quality of Orbotech's products and the expected recovery of the industries that Orbotech serves will place Orbotech in a position to return to profitability.
 Orbotech is a maju?pplier of automatic optical inspection equipment, computer-aided design, verification, engineering and tooling generation systems and laser plotting/scanning systems for application to the production of printed circuit boards. Orbotech also supplies laser imaging equipment for use in the graphic arts industry.
 ORBOTECH LTD.
 Condensed Consolitated Statement of Income
 (Audited)


(Dollars in thousands, except share and per share amounts)
 Twelve Months Ended Dec. 31
 1992 1991(a)
 Revenues $75,553 $70,671
 Net income(loss)
 after taxes (31,348) 899
 Earnings(loss) per
 share (4.26) 14 cents
 Weighted average
 number of shares
 outstanding 7,367,011(b) 6,236,630
 ORBOTECH LTD. AND ORBOT SYSTEMS LTD.
 Proforma Consolidated Condensed Combined Statement of Income
 (Unaudited)
 (Dollars in thousands, except shares and per share amounts)
 Twelve Months Ended Dec. 31
 1992 1991(a)
 Revenues $110,618 $119,891
 Loss after taxes(c) (18,035) (5,820)
 Loss per share (1.44) (47 cents)
 Weighted average
 number of shares
 outstanding 12,551,041 12,333,829
 NOTE(a): As restated
 (b): Opposed to 12,623,847 shares issued and outstanding
 (c): Excluding restructuring charges
 -0- 3/15/93
 /CONTACT: David Gal, vice president, finance and operations of Orbotech, Inc., 508-667-6037/
 (ORBKF)


CO: Orbotech, Inc. ST: Massachusetts IN: CPR SU: ERN

SJ-DH -- NE009 -- 5940 03/15/93 10:16 EST
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Date:Mar 15, 1993
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