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SI HANDLING SYSTEMS REPORTS THIRD QUARTER FISCAL 1994 PROFIT

 EASTON, Pa., Jan. 14 /PRNewswire/ -- SI Handling Systems, Inc. (NASDAQ-NMS: SIHS), traded on the NASDAQ National Market System (NMS) under the trading symbol "SIHS" announced today its earnings for the third quarter ended Nov. 28, 1993, as follows:
 SI HANDLING SYSTEMS, INC.
 Periods ended Three months Nine months
 Nov. 28 Nov. 29 Nov. 28 Nov. 29
 1993 1992 1993 1992
 Sales $8,473,000 $6,333,000 $22,263,000 $21,134,000
 Earnings before
 income taxes 508,000 69,000 79,000 774,000
 Income tax expense 156,000 --- 14,000 148,000
 Net earnings 352,000 69,000 65,000 626,000
 Earnings per share $.22 $.04 $.04 $.38
 Dividends per share --- --- $.10 $.10
 Third quarter earnings of fiscal 1994 exceeded those of the comparable prior year period as the result of increased revenue in the company's sales of order selection systems along with increased Cartrac revenue from the automotive industry. Profitability during the third quarter was further enhanced by the SI/Baker joint venture formed at the beginning of the current fiscal year to serve the mail order pharmacy market where cost containment is a significant incentive for capital investment.
 Orders received during the third quarter of fiscal 1994 rose when compared to the third quarter of fiscal 1993. The order increase was bolstered by a $3.5 million contract from a prominent firm in the beauty aids industry. Although it is always difficult to predict the timing of the placement of large orders, the company is cautiously optimistic that the current economic climate will not be a hindrance to capital goods expenditures during calendar year 1994.
 It is expected that operations in the fourth quarter of the current fiscal year will be profitable.
 /delval/
 -0- 1/14/94
 /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

JO-MP -- PH013 -- 1254 01/14/94 14:23 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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