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VACU-DRY REPORTS INCREASE IN NET EARNINGS FOR THE YEAR ENDED JUNE 30, 1993

 SEBASTOPOL, Calif., Aug. 19 /PRNewswire/ -- VACU-DRY Co. (NASDAQ: VDRY), one of California's largest-volume apple processors today announced net earnings of $1,075,000 or 65 cents per share on total revenues of $27,070,000 for the fiscal year ended June 30, 1993. These results compare with 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.
 The company recorded net earnings of $3,000 or 1 cent per share on revenues of $6,004,000 for the fourth quarter ended June 30, 1993. This compares with a net loss of ($50,000) or (3 cents) per share on revenues of $4,521,000 for the fourth quarter ended June 30, 1992.
 As of June 30, 1993, the company had an unshipped contract/order backlog of $10,790,000 versus $8,817,000 on June 30, 1992.
 Results for the year and fourth quarter ended June 30, 1993 and 1992, are summarized below:
 VACU-DRY CO.
 Fourth Quarter 6/30/93 6/30/92
 Revenues $ 6,004,000 $ 4,521,000
 Earnings (loss) before income taxes (40,000) (142,000)
 Provisions (benefit) for income taxes (43,000) (92,000)
 Net (loss) earnings $ 3,000 $ (50,000)
 Earnings (loss) per common share $ 0.01 $ (0.03)
 Weighted average common shares
 outstanding 1,664,029 1,664,029
 Year to date
 Revenues $27,070,000 $24,531,000
 Earnings before income taxes 1,791,000 1,353,000
 Provisions for income taxes 716,000 520,000
 Net earnings $ 1,075,000 $ 833,000
 Earnings per common share $ 0.65 $ 0.50
 Weighted average common shares
 outstanding 1,664,029 1,664,035
 Assets $13,210,000 $10,760,000
 Liabilities 6,383,000 5,008,000
 Shareholders' equity 6,827,000 5,752,000
 -0- 8/19/93
 /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

LH-TB -- SF012 -- 4438 08/19/93 15:31 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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