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PEERLESS MFG CO. ANNOUNCES RESULTS

 DALLAS, Nov. 1 /PRNewswire/ -- Peerless Mfg Co. (NASDAQ-NMS: PMFG), Dallas, Manufacturer of separators and filters used primarily in the petroleum and chemical processing industries and environmental protection equipment, announces results for its fiscal 1994 first quarter. Loss for the period was $277,093 or $0.19 per share compared to earnings of $8,438 or $0.01 in 1993's first quarter. Sales for the quarter were $4,285,396 down from $6,243,791 a year earlier. The low sales volume was the primary reason for the loss.
 New orders for the quarter were $10,391,000 compared to first quarter 1993 new orders of $4,800,000.
 PEERLESS MFG CO.
 (unaudited)
For the three months ended Sept. 30, 1993 1992
Sales $4,285,396 $6,243,791
Net earnings ($277,093) $8,438
Earnings per common share ($0.19) $0.01
Wtd. avg. shares outstanding 1,437,492 1,435,867
 -0- 11/1/93
 /CONTACT: Sherrill Stone, chairman, chief executive officer or Gene Elrod, chief financial officer of Peerless Mfg. Co., 214-357-6181/
 (PMFG)


CO: Peerless Mfg Co. ST: Texas IN: SU: ERN

SH -- NY077 -- 9285 11/01/93 15:55 EST
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Publication:PR Newswire
Date:Nov 1, 1993
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