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RECOVERY ENGINEERING REPORTS 96 PERCENT INCREASE IN FIRST QUARTER SALES, IMPROVED EARNINGS

 MINNEAPOLIS, April 19 /PRNewswire/ -- Recovery Engineering, Inc. (NASDAQ: REIN) today announced net income of $302,000, or 10 cents per share, on sales of $2,348,000 for its first quarter ended March 31, 1993. The results compare with net income of $3,280 (less than one cent per share) on sales of $1,198,000 for the same period in 1992.
 Brian Sullivan, president and CEO, said, "International military and commercial sales of our Survivor desalination systems were very strong. Sales of our PUR water purification systems for the recreational market also increased substantially, with a significant contribution from the Scout product introduced in the second quarter of 1992. Gross margins benefited from efficiencies resulting from higher volume and experience in our new product lines, as well as from pricing established on foreign contracts when the U.S. dollar was weak. Spending on research and development increased, reflecting our emphasis on new product development, but growth of other non-product expenses was kept to half the rate of sales growth."
 Sullivan added that current activity in the outdoor market is robust, and that the company anticipates continued sales growth in that segment.
 Recovery Engineering completed an initial public offering in March 1993, and has not previously announced financial results. The company sold 661,250 shares to the public, including the underwriter's entire over-allotment option, at a price of $7 per share.
 Recovery Engineering, based in Minneapolis, designs, develops, manufactures and markets proprietary small-scale water purification and desalination systems for marine and recreational applications.
 RECOVERY ENGINEERING, INC.
 STATEMENTS OF OPERATIONS
 Three Months Ended Percent
 3/31/93 3/31/92 Change
 Sales $2,348,000 $1,198,000 96
 Gross Profit 1,237,000 501,000 147
 Income From Operations 449,000 11,500 3,804
 Earnings Before Income Taxes 458,000 3,280 13,863
 Net Income $302,000 $3,280 $9,107
 Earnings Per Share $.10 -- --
 Average Common and Common
 Equivalent Shares Outstanding 2,912,579 2,466,833 18
 -0- 4/19/93
 /CONTACT: Jack Falker of Swenson Falker Eilertsen Inc., 612-371-000 or Jeff Mathiesen of Recovery Engineering, Inc., 612-541-1313/
 (REIN)


CO: Recovery Engineering, Inc. ST: Minnesota IN: SU: ERN

KH -- MN015 -- 7503 04/19/93 14:51 EDT
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Date:Apr 19, 1993
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