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SBS ENGINEERING ANNOUNCES FISCAL YEAR END RESULTS: REVENUE AND NET INCOME INCREASE

 ALBUQUERQUE, N.M., Sept. 15 /PRNewswire/ -- SBS Engineering Inc. (NASDAQ: SBSE), a designer and producer of flight simulation systems for major aerospace contractors and the U.S. Government, announced today financial results for the fiscal year ended June 30, 1993. Revenue for fiscal 1993 was $19,088,995, an increase of 27 percent over fiscal 1992 revenue of $14,984,677. Earnings before income taxes for fiscal 1993 improved to $307,377, an increase of 264 percent over fiscal 1993 earnings before income taxes of $84,265. Net earnings for fiscal 1993 were $133,377, an increase of 231 percent over fiscal 1992 net earnings of $40,265.
 "Fiscal 1993 has been a year of substantial change for SBS Engineering Inc.," said Andrew C. Cruce, Chairman and Chief Executive Officer. "We acquired businesses which will make us a more healthy company in the future. We've improved our operating margins, and we've improved our management team. While 1993 was certainly a better year than 1992, we believe we will substantially improve our earnings in the current fiscal year. Our goal is for SBS Engineering Inc. to continue to grow at a 30 percent or better pace and return to pretax earnings levels in the range of 8 to 10 percent of sales," Cruce continued.
 SBS Engineering common stock is traded on NASDAQ under the symbol SBSE and on the Boston Stock Exchange under the symbol SSE.
 -0- 9/15/93
 /CONTACT: Chris Amenson, Investor Relations, 505-345-5353/
 (SBSE)


CO: SBS Engineering Inc. ST: New Mexico IN: ARO SU: ERN

JB-MF -- SD001 -- 2076 09/15/93 08:32 EDT
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Publication:PR Newswire
Date:Sep 15, 1993
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