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VACU-DRY ANNOUNCES SECOND QUARTER RESULTS

 SEBASTOPOL, Calif., Jan. 29 /PRNewswire/ -- Vacu-Dry Co. (NASDAQ: VDRY), one of California's largest volume apple processors, today announced revenues and earnings for the second quarter and six months ending Dec. 31, 1992.
 Year-To-Date Results
 The company finished the six-month period with net earnings of $924,000 or 56 cents per share on revenues of $14,982,000. Those results compare with net earnings of $756,000, or 45 cents per share on revenues of $13,280,000 for the same period a year ago.
 Quarter Results
 The company posted net earnings of $497,000 or 30 cents per share on revenues of $7,611,000 for the second quarter of fiscal 1993. This compares to $486,000 of net earnings or 29 cents per share on revenues of $7,022,000 for the second quarter of fiscal 1992.
 As of Dec. 31, 1992, the company had an unshipped contract/order backlog of $20,380,000 versus $15,471,000 on Dec. 31, 1991.
 VACU-DRY CO.
 Six Months Ended: 12/31/92 12/31/91
 Revenues $14,982,000 $13,280,000
 Earnings before taxes 1,566,000 1,281,000
 Income tax provision 642,000 525,000
 Net earnings 924,000 756,000
 Earnings per common share $0.56 $0.45
 Weighted average common shares
 outstanding 1,664,034 1,664,038
 Second Quarter:
 Revenues $7,611,000 $7,022,000
 Earnings before taxes 843,000 823,000
 Income tax provision 346,000 337,000
 Net earnings 497,000 486,000
 Earnings per common share $0.30 $0.29
 Weighted average common shares
 outstanding 1,664,034 1,664,034
 -0- 1/29/93
 /CONTACT: Donal Sugrue, president of Vacu-Dry, 707-829-4660; or D.P. Boothe, Jr., chairman of Vacu-Dry, 415-332-6527/
 (VDRY)


CO: Vacu-Dry Co. ST: California IN: FOD SU: ERN

TM-GT -- SF001 -- 0595 01/29/93 08:01 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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