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VACU-DRY ANNOUNCES INCREASE IN NET EARNINGS FOR FIRST QUARTER

 VACU-DRY ANNOUNCES INCREASE IN NET EARNINGS FOR FIRST QUARTER
 SEBASTOPOL, Calif., Oct. 22 /PRNewswire/ -- Vacu-Dry Co. (NASDAQ: VDRY), one of California's largest volume apple processors, today announced financial results for the first quarter of the company's 1992-93 fiscal year.
 Vacu-Dry finished the quarter ended Sept. 30, 1992, with total revenues of $7,371,000 and net earnings of $427,000 or approximately 26 cents per share on 1,664,029 average shares outstanding. These results compare with revenues of $6,258,000 and net earnings of $270,000 or 16 cents per share on 1,664,044 average shares outstanding for the quarter ended Sept. 30, 1991.
 As of Sept. 30, 1992, the company had an unshipped backlog of $13,546,000, which compares to $12,989,000 as of Sept. 30, 1991.
 As of the date of this release, the company's unshipped backlog is $23,084,000, which is the largest backlog in the company's history.
 VACU-DRY CO.
 Three Months Ended
 Sept. 30, 1992 Sept. 30, 1991
 Revenues $7,371,000 $6,258,000
 Earnings before taxes 723,000 458,000
 Income tax provision 296,000 188,000
 Net earnings $ 427,000 $ 270,000
 Earnings per common share $ 0.26 $ 0.16
 Average common shares
 outstanding 1,664,029 1,664,044
 -0- 10/22/92
 /CONTACT: Donal Sugrue, president, 707-829-4660, or D.P. Boothe Jr., chairman, 415-332-6527, both of Vacu-Dry/
 (VDRY) CO: Vacu-Dry Co. ST: California IN: FOD SU: ERN


TM-BR -- SF010 -- 3857 10/22/92 17:01 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
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