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SALES INCREASE, INCOME LAGS IN C.H. HEIST CORPORATION'S FIRST QUARTER REPORT

 SALES INCREASE, INCOME LAGS IN C.H. HEIST CORPORATION'S
 FIRST QUARTER REPORT
 CLEARWATER, Fla., May 4 /PRNewswire/ -- C.H. Heist Corporation (AMEX: HST) reported a sales increase of 11.1 percent for the firm's first quarter ended March 29, 1992. Sales of $15,669,373 this year topped last year's comparable quarter sales of $14,109,471. Heist posted a loss for the current quarter of $.02 per share, as opposed to last year's first quarter $.02 per share earnings, which reflected a three-for-two stock split in October, 1991.
 C.H. Heist, chairman and president, pointed out that the first quarter "is traditionally our most difficult since most of our industrial work takes place out of doors. Last year, however, our income was supplemented by a large insurance rebate. And despite gains in the U.S. this quarter, our Canadian operations are still laboring uphill against the prolonged slump in the Dominion's economy."
 Heist cited two positive areas: U.S. industrial maintenance sales were up 5.9 percent and Ablest, Heist's temporary help affiliate was up 36.3 percent. Pipe and boiler insulation sales were down, a direct reflection of depressed construction activity nationwide.
 The firm's balance sheet remains strong. Working capital, from March 31, 1991 to March 29, 1992 increased by $1,378, 420. In keeping with management's goal of reducing costs during economic downturns, capital expenditures for the quarter were reduced from $905,048 last year, to $524,135 this year. The current ratio is 3.7-to-1 and the quick ratio is 3.1-to-1.
 -0- 5/4/92
 /CONTACT: Richard J. O'Neil of C.H. Heist Corporation, 813-461-5656/
 (HST) CO: C.H. Heist Corporation ST: Florida IN: SU: ERN


JB-EA -- FL012 -- 6164 05/04/92 15:44 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:290
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