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ROY F. WESTON, INC. ANNOUNCES RECORD EARNINGS FOR THIRD QUARTER 1992

 ROY F. WESTON, INC. ANNOUNCES RECORD EARNINGS FOR THIRD QUARTER 1992
 WEST CHESTER, Pa., Oct. 21 /PRNewswire/ -- Roy F. Weston, Inc. (NASDAQ: WSTNA) (WESTON(R)) today announced third quarter net income of $2.1 million or $.23 per share, an increase of 37 percent, compared with earnings of $1.5 million or $.17 per share for the third quarter of 1991.
 Third quarter net revenues were $56.4 million, an increase of $1.3 million, or 2 percent from the same period last year. Gross revenues rose 2 percent to $81.8 million.
 For the nine-month period ended Sept. 30, 1992, the company's net income was $5.4 million or $.59 per share, an increase of 42 percent, compared with $3.8 million or $.43 per share for the same period last year.
 Net revenues for the first nine months were $165.8 million, an increase of $9 million, or 6 percent from the same period last year. Gross revenues increased 6 percent to $245.4 million compared with $232 million for the first nine months of 1991.
 Third quarter contract bookings were $69 million and net funded contract backlog was $134 million at Sept. 30, 1992, up 17 percent from June 30, 1992.
 "WESTON is pleased to report its second consecutive quarter of record earnings and impressive growth in contract bookings. During these difficult economic times, we have achieved our growth and profitability by fully leveraging the benefits of our mix of businesses and the diversity of our marketplace positions. Our strong third quarter bookings and resulting backlog position us well for continued growth," said WESTON President and CEO William J. Marrazzo.
 During the third quarter, WESTON installed its state-of-the-art project control system, which is intended to enhance the company's real time data reporting and improve project management and cost controls.
 The company's analytical services business contributed favorably to the third quarter results, showing significant margin improvement and increased bookings. That group received a number of new contracts during the quarter, including a two-year contract, worth a potential $1.6 million, with the Pennsylvania Department of Environmental Resources (DER) to analyze hazardous site samples.
 The company saw continued improvements in the financial performance of its on-site thermal incineration business. During the third quarter, construction was completed on WESTON's larger rotary kiln incineration system, the TIS-20, at the Savanna Army Ammunition Depot in Illinois, and trial burns are scheduled to commence shortly. The company's smaller incineration unit, the TIS-5, continued operations at the Laskin-Poplar Superfund site in Ohio, which will continue into the fourth quarter. Advance mobilization activities for its next assignment at the University of Minnesota have begun. Both units have twelve-month backlogs.
 Federal sales activity in the third quarter was impressive, with several significant contracts awarded. Among them was a five-year $8 million WESTON subcontract with a prime contractor in support of the U.S. Department of Energy's (DOE) Office of Operations and Weapons (OOW) in Albuquerque, N.M. WESTON also received a contract extension, with a base value of $8 million, on its Response Engineering Analytical Contract (REAC) with EPA to provide technical support on Superfund related work at EPA's REAC facility in Edison, N.J.
 In the third quarter, the company also received orders for an additional $14 million of work under an existing contract with the U.S. Department of Defense (DOD) at Pease Air Force Base in New Hampshire to provide remedial investigation and feasibility study (RI/FS) services. WESTON continues to gain valuable experience at this base, the first to be deactivated under the Base Closure Act, which will position the firm well for future contracts of this type.
 WESTON is a full-service environmental engineering, design and consulting firm providing nationwide analytical services, consulting and engineering, remediation, facility construction and operations, technical information management and major program management services. The company is headquartered in West Chester, and operates a national network of nearly 3,000 employees in 45 offices, including Los Angeles, Houston, Chicago, Atlanta, Boston, New York and Washington, D.C.
 ROY F. WESTON, INC.
 EARNINGS SUMMARY
 (Unaudited; dollars and shares in thousands)
 Three Months Ended Sept. 30 1992 1991
 Pct. Pct.
 Gross Revenues $81,818 145.2 $80,241 145.7
 Direct Project Costs 25,460 45.2 25,186 45.7
 Net Revenues 56,358 100.0 55,055 100.0
 Expenses
 Direct Salaries and Other
 Operating Costs 45,541 80.8 44,533 80.9
 General and Administrative
 Expenses 6,950 12.3 7,106 12.9
 Total 52,491 93.1 51,639 93.8
 Income From Operations 3,867 6.9 3,416 6.2
 Other Income (Expense) (558) (1.0) (741) (1.3)
 Income Before Income Taxes 3,309 5.9 2,675 4.9
 Provision for Income Taxes 1,239 2.2 1,162 2.2
 Net Income $2,070 3.7 $1,513 2.7
 Net Income Per Common Share $0.23 --- $0.17 ---
 Weighted Average Shares
 Outstanding 9,136 --- 8,870 ---
 Nine Months Ended Sept. 30 1992 1991
 Pct. Pct.
 Gross Revenues $245,387 148.0 $231,957 148.0
 Direct Project Costs 79,570 48.0 75,202 48.0
 Net Revenues 165,817 100.0 156,755 100.0
 Expenses
 Direct Salaries and Other
 Operating Costs 134,048 80.8 127,586 81.4
 General and Administrative
 Expenses 20,988 12.7 20,731 13.2
 Total 155,036 93.5 148,317 94.6
 Income From Operations 10,781 6.5 8,438 5.4
 Other Income (Expense) (1,848) (1.1) (1,929) (1.2)
 Income Before Income Taxes 8,933 5.4 6,509 4.2
 Provision for Income Taxes 3,573 2.2 2,734 1.8
 Net Income $5,360 3.2 $3,775 2.4
 Net Income Per Common Share $0.59 --- $0.43 ---
 Weighted Average Shares
 Outstanding 9,074 --- 8,749 ---
 /delval/
 -0- 10/21/92
 /CONTACT: Steven V. Abramson, vp of Roy F. Weston, 215-993-5115/
 (WSTNA) CO: Roy F. Weston, Inc. ST: Pennsylvania IN: SU: ERN


MK -- PH043 -- 3017 10/21/92 15:17 EDT
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