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SEVENSON ENVIRONMENTAL SERVICES, INC., REPORTS RESULTS OF SIX MONTHS AND QUARTER ENDED JUNE 30, 1992

 SEVENSON ENVIRONMENTAL SERVICES, INC., REPORTS RESULTS
 OF SIX MONTHS AND QUARTER ENDED JUNE 30, 1992
 NIAGARA FALLS, N.Y., July 30 /PRNewswire/ -- Sevenson Environmental Services, Inc. (NASDAQ-NMS: SEVN) reported results for the six months and quarter ended June 30, 1992.
 Revenues for the six months increased 6 percent to $27,044,482 from $25,591,242 last year. Net earnings were down 31 percent to $1,998,669 from $2,903,009 last year. Earnings per share for the six months were $.31 vs. $.44 last year.
 Revenues for the second quarter increased 28 percent to $15,000,842 from $11,674,716 in the second quarter of 1991. Net earnings declined 39 percent to $1,368,444 from $2,227,173 last year. Earnings per share for the quarter were $.21 vs. $.34 last year.
 Michael A. Elia, president of Sevenson, stated, "We are pleased with the increase in revenues for the second quarter. This increase reflects improvement in our business after last year's recession- related decline in business. However, the recession's lingering effect can be seen on profit margins which were down. As our announcement last week of over $25 million in new contracts indicates, business conditions have improved and we are looking forward to better results for the rest of the year."
 Sevenson provides a comprehensive range of field services for the remediation of sites and facilities contaminated by hazardous materials. The company, which is headquartered in Niagara Falls, N.Y., operates in the United States and Canada. Since entering the site remediation business in 1979, the company has performed over 350 projects, including projects at the Love Canal and 32 other Superfund sites.
 SEVENSON ENVIRONMENTAL SERVICES, INC., AND SUBSIDIARIES
 Condensed Consolidated Statements of Earnings
 (Unaudited)
 Period Ended Six Months Three Months
 June 30 1992 1991 1992 1991
 Revenues:
 Contracts $26,847,598 $25,479,056 $14,873,162 $11,628,388
 Other 196,884 112,186 127,680 46,328
 27,044,482 25,591,242 15,000,842 11,674,716
 Costs & Expenses:
 Cost of contracts:
 Direct costs 20,113,898 17,520,038 11,212,415 6,680,187
 Indirect costs 1,231,532 1,477,870 383,561 490,824
 Selling, general
 & adm. 3,221,524 2,904,165 1,547,702 1,322,604
 24,566,954 21,902,073 13,143,987 8,493,615
 Earnings from
 operations 2,477,528 3,689,169 1,856,864 3,181,101
 Other:
 Interest income 697,869 945,784 381,725 433,197
 Interest expense (87,619) (116,732) (45,063) (45,484)
 Loss on sale of
 property and
 equipment (9,109) (15,212) (82) (16,641)
 601,141 813,840 336,580 371,072
 Earnings before
 income taxes 3,078,669 4,503,009 2,193,444 3,552,173
 Income taxes 1,080,000 1,600,000 825,000 1,325,000
 Net earnings 1,998,669 2,903,009 1,368,444 2,227,173
 Weighted average
 number of shares
 outstanding 6,508,109 6,586,400 6,504,818 6,586,400
 Earnings per
 share $.31 $.44 $.21 $.34
 -0- 7/30/92
 /CONTACT: William J. McDermott, v-p, finance of Sevenson Environmental Services, 716-284-0431/
 (SEVN) CO: Sevenson Environmental Services, Inc. ST: New York IN: SU: ERN


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