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VACU-DRY REPORTS EARNINGS

 SEBASTOPOL, Calif., April 29 /PRNewswire/ -- Vacu-Dry Co. (NASDAQ: VDRY), one of California's largest volume apple processors today announced revenues and earnings for the third quarter and nine months ending March 31, 1993.
 Year-To-Date Results
 The company finished the nine-month period with net earnings of $1,072,000 or 64 cents per share on revenues of $21,066,000. Those results compare with net earnings of $883,000 or 53 cents per share on revenues of $20,010,000 for the same period a year ago.
 The company posted net earnings of $148,000 or nine cents per share on revenues of $6,084,000 for the third quarter ended March 31, 1993. This compares to $127,000 or eight cents per share on revenues of $6,730,000 for the third quarter ended March 31, 1992.
 As of March 31, 1993, the company had an unshipped contract/order backlog of $16,169,000 versus $11,834,000 on March 31, 1992.
 Third Quarter: March 31, 1993 1992
 Revenues $ 6,084,000 $ 6,730,000
 Earnings before taxes 265,000 214,000
 Provisions for taxes 117,000 87,000
 Net earnings $ 148,000 $ 127,000
 Earnings per common share $ 0.09 $ 0.08
 Weighted average common
 shares outstanding 1,664,029 1,664,029
 Nine Months:
 Revenues $21,066,000 $20,010,000
 Earnings before taxes 1,831,000 1,495,000
 Provisions for taxes 759,000 612,000
 Net earnings $ 1,072,000 $ 883,000
 Earnings per common share $ 0.64 $ 0.53
 Weighted average common
 shares outstanding 1,664,029 1,664,036
 Consolidation
 The consolidation of the company's two plant locations will be completed by the end of the fiscal year.
 -0- 4/29/93
 /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

ML-SG -- SF011 -- 2936 04/29/93 17:50 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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