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ZYGO REPORTS SECOND-QUARTER RESULTS

 ZYGO REPORTS SECOND-QUARTER RESULTS
 MIDDLEFIELD, Conn., Jan. 28 /PRNewswire/ -- Zygo Corporation


(NASDAQ: ZIGO) today reported sales of $7,349,000 for the quarter ended Dec. 31, 1991, an increase of $207,000 over the comparable prior-year period.
 Company Chief Executive Officer Paul F. Forman reported that the company had net earnings of $265,000, or $.10 per share, vs. net earnings of $258,000, or $.10 per share, for the three months ended Dec. 31, 1990.
 Net sales for the six months ended Dec. 31, 1991, were $15,043,000, an increase of $1,181,000 over the comparable prior-year period. The company had net earnings of $412,000, or $.16 per share, vs. net earnings of $373,000, or $.15 per share, for the six months ended Dec. 31, 1990. Backlog at Dec. 31, 1991, was $6,674,000 compared to $9,309,000 at Dec. 31, 1990.
 During the second quarter, the company continued to experience softness in many of its markets worldwide, resulting in lower than originally projected order conversion rates for its products. The poor economic environment is prompting some of its customers to delay their placement of orders for new equipment.
 As a result, Zygo continues to take aggressive steps to reduce its expenses correspondingly. Despite these efforts, a poor economy over a protracted period could affect the company's ability to achieve the objectives it has set for itself for the year.
 Zygo Corporation designs, develops, manufactures and markets high- performance, laser-based, non-contact electro-optical measuring instruments and accessories and manufactures precision optical components. The firm is based in Middlefield.
 ZYGO CORPORATION
 (Thousands, except per-share amounts)
 Periods ended Three Months Six Months
 Dec. 31 1991 1990 1991 1990
 Net sales $7,349 $7,142 $15,043 $13,862
 Net earnings 265 258 412 373
 Net earnings per share $.10 $.10 $.16 $.15
 Weighted average common
 shares and dilutive
 equivalents outstanding 2,589 2,470 2,596 2,484
 -0- 1/28/92
 /CONTACT: Paul F. Forman, CEO of Zygo, 203-347-8506/
 (ZIGO) CO: Zygo Corporation ST: Connecticut IN: SU: ERN


CK -- NY045 -- 4174 01/28/92 11:18 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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