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SHELDAHL SECOND QUARTER, SIX MONTHS AHEAD OF LAST YEAR

 NORTHFIELD, Minn., March 11 /PRNewswire/ -- Sheldahl, Inc. (NASDAQ: SHEL), said today that as expected, its fiscal 1993 second quarter results were ahead of plan. Revenues for the most recent quarter totaled $20.5 million as compared with $19.1 million a year ago. Net income also rose to $326,000, up from a loss of $279,000 in the second quarter of 1992. Earnings per share were 7 cents; for the same period last year the company posted a loss of 6 cents per share.
 Results for the first half of fiscal 1993 were also ahead of plan. Revenues for the most recent six months were $40.9 million as compared with $41.4 million in 1992. Net income for the 1993 first half totaled $452,000. Sheldahl posted net income of $53,000 for the same period a year ago. Earnings per share for the six months of 1993 rose to 9 cents, up from 1 cent a year ago.
 James E. Donaghy, Sheldahl's president and chief executive officer, said, "Typically, our second quarter results are the weakest of the year. In 1993, they've shown improvement over those of the current first quarter, and are up considerably over last year. These gains are due in part to the increasing impact of our new proprietary products, to reduced production costs and higher yields, and to ongoing tight expense control."
 Sheldahl's core technology involves the conversion of basic materials into technical laminates that are sold as foils and tapes. The company also uses these laminates as the base for such products as antennas, electronic shielding, insulation, flexible interconnects, and specialized fabrications. Sheldahl has strategically located design and technical centers in the Western, Midwestern and Eastern regions of the United States and in Great Britian.
 SHELDAHL, INC. AND SUBSIDIARY
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)
 (In thousands except per share data)
 Three Months Ended
 2/26/93 2/28/92
 Net sales $20,500 $19,080
 Cost of sales 16,599 15,842
 Gross profit 3,901 3,238
 Expenses:
 Sales and marketing 1,867 1,749
 General and administrative 943 941
 Research and development 498 477
 Interest 267 350
 Total expenses 3,575 3,517
 Income before provision
 for income taxes 326 (279)
 Provision for income taxes -- --
 Net income (loss) $326 $(279)
 Net income (loss) per share $0.07 $(0.06)
 Six Months Ended
 2/26/93 2/28/92
 Net sales $40,929 $41,422
 Cost of sales 33,433 34,192
 Gross profit 7,496 7,230
 Expenses:
 Sales and marketing 3,584 3,531
 General and administrative 1,918 1,941
 Research and development 1,009 957
 Interest 533 748
 Total expenses 7,044 7,177
 Income before provision
 for income taxes 452 53
 Provision for income taxes -- --
 Net income (loss) $452 $53
 Net income (loss) per share $0.09 $0.01
 SHELDAHL, INC. AND SUBSIDIARY
 CONSOLIDATED BALANCE SHEETS
 (Unaudited)
 (In thousands)
 ASSETS 2/26/93 8/28/92
 Current assets:
 Cash $481 $498
 Accounts receivable - net 11,930 11,006
 Inventories 9,597 10,038
 Prepaid expenses and
 other current assets 537 239
 Net assets of
 discontinued operations 716 753
 Total current assets 23,261 22,534
 Plant and equipment at cost 50,548 49,920
 Accumulated depreciation 32,403 30,543
 Net plant and equipment 18,145 19,377
 Other assets 619 514
 -- $42,025 $42,425
 LIABILITIES AND SHAREHOLDERS' INVESTMENT
 Current liabilities:
 Current maturities of
 long-term debt $7,584 $1,225
 Accounts payable 5,711 5,359
 Accrued salaries 1,349 2,524
 Other accrued liabilities 2,422 2,723
 Liabilities of discontinued
 operations 396 995
 Total current liabilities 17,462 12,826
 Long-term debt 3,300 9,960
 Other non-current liabilities 2,850 2,702
 Shareholders' investment
 Common stock 1,194 1,193
 Additional paid-in capital 7,221 7,198
 Retained earnings 9,998 9,546
 Total shareholders' investment 18,413 17,937
 -- $42,025 $43,425
 -0- 3/11/93
 /CONTACT: John McManus, vice president, finance for Sheldahl, 507-663-8000, or Elin Schomaker of The Sage Group, 612-872-8418, for Sheldahl/
 (SHEL)


CO: Sheldahl, Inc. ST: Minnesota IN: CPR SU: ERN

AL -- MN010 -- 5118 03/11/93 13:02 EST
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Date:Mar 11, 1993
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