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PEERLESS MFG. CO. ANNOUNCES THIRD QUARTER RESULTS

 DALLAS, April 26 /PRNewswire/ -- Peerless Mfg. Co., (OTC), manufacturer of separators and filters used in the petroleum and chemical processing industries, and environmental protection equipment, announced results for its fiscal 1993 third quarter. Loss for the period was $148,310 or 10 cents per share compared to earnings of $313,520 or 22 cents per share in 1992's third quarter. For the nine months of fiscal 1993 the loss was $22,470 or 1 cent per share compared to earnings of $782,657 or 55 cents per share in the comparable period in 1992. The loss in the quarter with shipments at approximately the same level as the previous year was caused by continued lower margins and high expenses associated with International Marketing Operations, and environmental equipment.
 New orders for the quarter were approximately $8,500,000.
 PEERLESS MFG. CO.
 (Unaudited)
 Period ended Three Months
 March 31 1993 1992
 Sales $ 6,036,304 $ 5,910,799
 Net earnings ($148,310) $313,520
 Earnings per common share ($0.10) $0.22
 Weighted avg. shares outstand. 1,437,492 1,435,867
 Period ended Nine Months
 March 31 1993 1992
 Sales $ 19,638,018 $ 16,709,257
 Net earnings ($22,470) $782,657
 Earnings per common share ($0.01) $0.55
 Weighted avg. shares outstand. 1,436,408 1,435,311
 -0- 04/26/93
 /CONTACT: Mr. Sherrill Stone, chairman and CEO, or D.H. Newman, corporate secretary, of Peerless Mfg. Co., 214-357-6181/
 (PMFG)


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

AH -- NY074 -- 0674 04/26/93 12:24 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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