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ZEUS COMPONENTS REPORTS THIRD QUARTER RESULTS

 ZEUS COMPONENTS REPORTS THIRD QUARTER RESULTS
 PORT CHESTER, N.Y., Aug. 14 /PRNewswire/ -- Zeus Components, Inc.


(NASDAQ: ZEUS), a leading distributor of military semiconductors and passive components, and manufacturer of high reliability power hybrid circuits, reported a consolidated loss of $511,000 or $.19 per share, including an extraordinary gain of $29,000 or $.01 per share, on revenues of $22,474,000, for the fiscal third quarter ended June 30, 1992.
 The current year results reflect the company's acquisition in June 1991 of Omnirel Corporation.
 In the comparable 1991 period, the company earned income of $142,000, or $.05 per share, on revenues of $24,064,000. Results for 1991 do not include operations of Omnirel.
 ZEUS COMPONENTS, INC. AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 (Thousands omitted, except per share data, Unaudited)
 Period ended Three months Nine months
 June 30 1992 1991 1992 1991
 Net sales $22,474 $24,064 $69,018 $71,354
 Cost of goods sold 17,315 18,433 52,800 54,464
 Gross profit 5,159 5,631 16,218 16,890
 S,G&A expenses 4,727 4,792 14,979 14,410
 Provision for doubtful
 accounts 24 25 86 75
 Depreciation and amortization
 of property and equipment 375 198 1,121 593
 Interest expense and
 amortization of deferred
 note issuance costs 546 405 1,736 1,268
 Income (loss) before income
 taxes and extraordinary item (513) 211 (1,704) 544
 Provision (credit) for
 income taxes 27 83 (215) 205
 Income (loss) before
 extraordinary item (540) 128 (1,489) 339
 Extraordinary item - gain
 from extinguishment
 of debt, net of income tax
 provision of $15, $13, $16
 and $196 respectively 29 14 29 326
 Net income (511) 142 (1,460) 665
 Income (loss) per common
 and common equivalent share:
 Income (loss) before
 extraordinary item (.20) .05 (.55) .12
 Extraordinary item .01 -- .01 .12
 Net income (.19) .05 (.54) .24
 Number of shares used in
 computation 2,695,571 2,715,334 2,695,571 2,715,334
 -0- 8/14/92
 /CONTACT: Martin S. Fawer, treasurer and chief financial officer of Zeus Components, 914-937-7400/
 (ZEUS) CO: Zeus Components, Inc. ST: New York IN: CPR SU: ERN


AH-OS -- NY008 -- 9856 08/14/92 08:15 EDT
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Date:Aug 14, 1992
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