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SI HANDLING SYSTEMS REPORTS FIRST QUARTER FISCAL 1994 LOSS

 EASTON, Pa., July 14 /PRNewswire/ -- SI Handling Systems, Inc. (NASDAQ-NMS: SIHS), traded on the NASDAQ National Market System (NMS) under the trading symbol "SIHS," today announced its loss for the first quarter ended May 30, 1993, as follows:
 Periods ended three months May 30, 1993 May 31, 1992
 Sales $6,235,000 $7,476,000
 Earnings (loss) before income taxes (476,000) 404,000
 Income tax expense (benefit) (159,000) 113,000
 Net earnings (loss) (317,000) 291,000
 Earnings (loss) per share $(.20) $.18
 Dividends per share .10 .10
 First quarter revenues and earnings when compared to the comparable prior year period declined as a result of the low rate of new orders received since the start of the second half of fiscal 1993 in the company's traditional systems and products serving the furniture, appliance, and automotive markets. The swing in volume mix favored the guided vehicle and mail order pharmacy markets where a significant amount of activity is based on newly acquired or newly developed technologies.
 The company is optimistic that it will have a return to profitability for fiscal 1994 due to an influx of new orders received near the end of the first quarter of fiscal 1994 which produced an increase in the backlog of orders when compared to the beginning of the fiscal year.
 /delval/
 -0- 7/14/93
 /CONTACT: Leonard S. Yurkovic, president and chief executive officer of SI Handling Systems, 215-252-7321/
 (SIHS)


CO: SI Handling Systems, Inc. ST: Pennsylvania IN: SU: ERN

MJ-MP -- PH006 -- 1343 07/14/93 11:18 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
Words:258
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