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Prab Reports 1998 Results

23 December 1998

Prab Reports 1998 Results

    KALAMAZOO, Mich.--Dec. 22, 1998--Prab Inc. reports sales of $18,237,000 and a net profit of $921,000 for the year ended Oct. 31, 1998.
    These results compare with sales of $16,915,000 and a net profit of $899,000 in the same period a year ago.
    Fourth quarter sales of $4,766,000 and a net profit of $247,000 compares to sales of $5,177,000 and a net profit of $166,000 for the same period a year ago.
    Operating profit of $1,651,000 in 1998 compares to $1,679,000 the previous year.
    Prab, Inc. designs and manufactures conveyors, metal scrap reclamation systems and bulk material handling equipment. The company sells its products worldwide through a network of factory sales engineers, manufacturers' agents, and distributors.

                              Prab Inc.
                     Summary of Financial Results
           (in thousands of dollars except per share data)

                 Fourth Quarter Ended       Year Ended
                      October 31,           October 31,
                   1998       1997       1998        1997
                 ____________________  ______________________

Sales             $4,766     $5,177     $18,237     $16,915
Net income           247        166         921         899
Per share         $ 0.11     $ 0.08     $  0.41     $  0.41