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VACU-DRY ANNOUNCES RESULTS

 VACU-DRY ANNOUNCES RESULTS
 SEBASTOPOL, Calif., Aug. 19 /PRNewswire/ -- Vacu-Dry Co.


(NASDAQ: VDRY), one of California's largest volume apple processors today announced net earnings of $833,000 or 50 cents per share on total revenues of $24,531,000 for the fiscal year ended June 30, 1992. These results compare with net earnings of $671,000 or 40 cents per share on total revenues of $19,854,000 for the fiscal year ended June 30, 1991.
 The company recorded a net loss of $(50,000) or $(0.03) per share on revenues of $4,521,000 for the fourth quarter ended June 30, 1992. This compares with net earnings of $37,000 or $.02 per share on revenues of $3,655,000 for the fourth quarter ended June 30, 1991.
 As of June 30, 1992, the company had an unshipped contract/order backlog of $8,817,000 versus $9,979,000 on June 30, 1991.
 Results for the year and fourth quarter ended June 30, 1992 and 1991 are summarized below:
 Fourth quarter June 30, 1992 June 30, 1991
 Revenues $4,521,000 $3,655,000
 Earnings (loss) before
 income taxes (142,000) 60,000
 Provision (benefit) for
 income taxes (92,000) 23,000
 Net (loss) earnings $(50,000) $37,000
 Earnings (loss) per common
 share $(.03) $.02
 Weighted average common
 shares outstanding 1,664,029 1,664,531
 Year-to-date
 Revenues $24,531,000 $19,854,000
 Earnings before income taxes 1,353,000 1,152,000
 Provision for income taxes 520,000 481,000
 Net earnings $833,000 $671,000
 Earnings per common share $.50 $.40
 Weighted average common
 shares outstanding 1,664,035 1,667,236
 Assets $10,761,000 $10,256,000
 Liabilities 5,008,000 5,367,000
 Shareholders' Equity 5,753,000 4,889,000
 -0- 8/19/92
 /CONTACT: Donal Sugrue, 707-829-4660; or D.P. Boothe, Jr., 415-332-6527, both of Vacu-Dry/
 (VDRY) CO: Vacu-Dry ST: California IN: FOD SU: ERN


AL-RM -- SF008 -- 1526 08/19/92 18:43 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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