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SI HANDLING SYSTEMS REPORTS THIRD QUARTER FISCAL 1993 PROFIT

 EASTON, Pa., Jan. 14 /PRNewswire/ -- SI Handling Systems, Inc. (NASDAQ-NMS: SIHS) announced its continued profitability during the third quarter ended Nov. 29, 1992, as follows:
 Periods ended Three months Nine months
 Nov. 29 Dec. 1 Nov. 29 Dec. 1
 1992 1991 1992 1991
 Sales $6,333,000 $5,454,000 $21,134,000 $14,914,000
 Earnings before
 income taxes 69,000 488,000 774,000 864,000
 Income taxes --- 158,000 148,000 158,000
 Net earnings 69,000 330,000 626,000 706,000
 Earnings per share $.04 $.20 $.38 $.43
 Dividends per share --- --- .10 ---
 Earnings in the third quarter were in line with expectations, reflecting a swing in the product mix of new orders during the first half of the current fiscal year. There is a clear and increasing acceptance in the automated materials handling marketplace for SI Handling's newer technologies, specifically in the health care sector and operations serviced by Automated Guided Vehicles. However, this increase has been offset by a decline in sales of the company's core products which have serviced the automotive, appliance and furniture industries over the years. It is these markets which tend to reflect general economic conditions.
 Management is optimistic about the future earnings of the company once the backlog is more in balance between the newly acquired technologies and the company's more traditional core products and systems.
 /delval/
 -0- 1/14/93
 /CONTACT: Leonard S. Yurkovic, president and CEO of SI Handling Systems, 215-252-7321/
 (SIHS)


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

MK-CC -- PH017 -- 4859 01/14/93 12:02 EST
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Publication:PR Newswire
Date:Jan 14, 1993
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