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TSI ANNOUNCES FINAL AUDITED RESULTS FOR FISCAL 1993

 SHOREVIEW, Minn., June 10 /PRNewswire/ -- TSI Incorporated (NASDAQ: TSII) in April reported preliminary results for the fiscal year ended March 31, 1993, and today announced that final audited results were the same for both sales and net earnings.
 For the 1993 fiscal year, net sales were $40,589,000 compared with the prior year's $40,293,000 level. Net earnings totaled $2,344,000, or $.67 per share, compared with $1,830,000, or $.49 per share, a year ago (based on continuing operations).
 For the fiscal 1993 fourth quarter, sales were $10,834,000 versus last year's $10,692,000. Net earnings rose to $1,141,000, or $.33 per share, compared with $727,000, or $.20 per share, in the year-earlier period. Results in the 1993 fourth quarter included approximately a $.20 per share gain from favorable resolution of litigation.
 Dr. Leroy M. Fingerson, TSI's chief executive officer, said, "As we look forward, the second half of fiscal 1994 should benefit nicely from a major $8.6 million contract that was announced in April. However, the first half, and particularly the first quarter, are expected to be weaker than a year ago. We are continuing to strongly commit resources to development and enhancement of our product lines to position the company for long-term growth in our major market areas. We fully expect fiscal 1994 to see TSI return to a stronger revenue growth track."
 TSI is a leading designer and manufacturer of fluid flow, particle measurement and meteorological instrumentation. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol TSII.
 TSI INCORPORATED
 Summary Consolidated Financial Data
 (In thousands, except per share data)
 INCOME STATEMENT DATA:
 Fourth Quarter Ended Fiscal Year Ended
 3/31/93 3/31/92 3/31/93 3/31/92
 Net sales $10,834 $10,692 $40,589 $40,293
 Gross profit 5,869 6,164 22,877 22,880
 Research & prod.
 dev. expenses 1,529 1,603 5,847 6,112
 Selling expenses 2,968 2,971 11,409 11,106
 Administrative expenses 817 890 3,476 3,387
 Operating income 555 700 2,145 2,275
 Other income 765 46 969 416
 Earnings before income taxes 1,319 746 3,114 2,691
 Provision for income taxes 178 20 770 861
 Earnings before cumulative
 effect of accounting change 1,141 726 2,344 1,830
 Cumulative effect of
 accounting change for
 income taxes -- -- -- 73
 Net earnings $1,141 $726 $2,344 $1,903
 Earnings per share:
 Earnings before cumulative
 effect of accounting change $.33 $.20 $.67 $.49
 Accounting change -- -- -- .02
 Net earnings per share $.33 $.20 $67 $.51
 Weighted average shares for
 computation of earnings
 per share 3,503 3,665 3,511 3,714
 BALANCE SHEET DATA:
 (thousands) 3/31/93 3/31/92
 Assets:
 Cash and investments $4,256 $5,952
 Total current assets 18,464 19,577
 Total assets 25,661 25,894
 Liabilities and equity:
 Total current liabilities 5,099 4,692
 Long-term liabilities -- 880
 Shareholders' equity 20,335 19,918
 -0- 6/10/93
 /CONTACT: Lowell D. Nystrom, vice president & CFO of TSI Incorporated, 612-483-0900/
 (TSII)


CO: TSI Incorporated ST: Minnesota IN: SU: ERN

MA-AL -- MN021 -- 0719 06/10/93 14:52 EST
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Date:Jun 10, 1993
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