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ROLLINS ENVIRONMENTAL SERVICES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND THE FISCAL YEAR ENDED SEPT. 30, 1992

 ROLLINS ENVIRONMENTAL SERVICES, INC. REPORTS RESULTS FOR THE
 FOURTH QUARTER AND THE FISCAL YEAR ENDED SEPT. 30, 1992
 WILMINGTON, Del., Oct. 29 /PRNewswire/ -- Rollins Environmental Services, Inc. (NYSE, PSE: REN) today reported results for the fourth fiscal quarter and the year ended Sept. 30, 1992.
 For the fourth quarter ended Sept. 30, 1992, revenues increased 1 percent to $62,031,000 from $61,520,000 in the prior year. Net earnings were $9,113,000 vs. $9,045,000, and earnings per share were 15 cents, the same as the prior year. Net earnings were impacted by the curtailment of customer shipments to Houston and Baton Rouge preceding and subsequent to landfall of Hurricane Andrew. Additional expense was also incurred to protect the plants from possible hurricane damage.
 For the year ended Sept. 30, 1992, revenues increased 9 percent to $240,477,000 from $220,759,000 in the prior year due mainly to higher average prices and improved incineration mix. Net earnings improved 23 percent to $32,012,000 from $25,937,000, and earnings per share improved 23 percent to 53 cents compared to 43 cents per share in the prior year.
 The company is a technological leader for commercial incineration in the chemical waste treatment and disposal industry and operates facilities in Baton Rouge and Plaquemine, La.; Bridgeport, N.J., and Deer Park, Texas. Chempak treatment and disposal services for small- quantity generators of hazardous waste are provided through offices located in Delaware, North Carolina, Michigan, Illinois, Louisiana, Texas, New Mexico, California, Connecticut, Florida and Washington. The company also operates waste processing, recycling and repackaging facilities in Tipton, Mo., and Los Angeles, and a major laboratory facility in Ann Arbor, Mich.
 ROLLINS ENVIRONMENTAL SERVICES, INC.
 Consolidated Statement of Earnings
 (In thousands; unaudited)
 Periods ended Three months Fiscal year
 Sept. 30 1992 1991 1992 1991
 Revenues $62,031 $61,520 $240,477 $220,759
 Expenses:
 Operating 35,403 36,646 142,576 137,152
 Depreciation 4,729 4,052 17,689 15,807
 Selling and administrative 8,069 7,072 30,299 27,009
 Interest 185 197 698 771
 Total 48,386 47,967 191,262 180,739
 Earnings before
 income taxes 13,645 13,553 49,215 40,020
 Income taxes 4,532 4,508 17,203 14,083
 Net earnings 9,113 9,045 32,012 25,937
 Earnings per share $.15 $.15 $.53 $.43
 Average common shares and
 equivalents outstanding --- --- 60,567 60,373
 ROLLINS ENVIRONMENTAL SERVICES, INC.
 Consolidated Balance Sheet
 (Dollars in thousands; unaudited)
 At Sept. 30 1992 1991
 Assets:
 Current assets:
 Cash and cash equivalents $55,120 $48,849
 Accounts receivable, net 39,445 37,087
 Deferred federal income taxes 4,381 4,964
 Other current assets 6,209 5,889
 Total 105,155 96,789
 Property and equipment, at cost,
 net of accumulated depreciation 169,285 151,446
 Other assets 8,878 9,733
 Total 283,318 257,968
 Liabilities and shareholders' equity:
 Current liabilities:
 Accounts payable $10,250 $9,562
 Accrued liabilities 14,306 12,570
 Accrued remediation and other costs 8,205 9,919
 Current income taxes payable 2,120 2,098
 Current maturities of long-term debt 1,376 1,749
 Total 36,257 35,898
 Long-term debt 5,444 7,945
 Deferred federal income taxes 14,528 12,872
 Accrued remediation and other costs 16,752 19,176
 Other liabilities 3,765 2,268
 Shareholders' equity 206,572 179,809
 Total 283,318 257,968
 -0- 10/29/92
 /CONTACT: Jack Hornberger, group vice president-External Affairs, 302-426-2949, or Lee F. Rattigan, group vice president-Finance, 302-426-3314, both of Rollins Environmental Services/
 (REN) CO: Rollins Environmental Services, Inc. ST: Delaware IN: SU: ERN


MK-MP -- PH003 -- 6385 10/29/92 08:28 EST
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