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Prab Reports 1999 Results

21 December 1999

Prab Reports 1999 Results

    KALAMAZOO, Mich.--Dec. 21, 1999--Prab Inc. reports sales of $15,317,000 and a net profit of $543,000 for the year ended Oct. 31, 1999.
    These results compare with sales of $18,237,000 and a net profit of $921,000 in the same period a year ago.
    Fourth quarter sales of $4,688,000 and a net profit of $348,000 compares to sales of $4,766,000 and a net profit of $247,000 for the same period a year ago.
    Prab Inc., operating under two divisions, Prab Conveyors and Hapman Conveyors, designs and manufactures conveyors, metal scrap reclamation systems, and bulk material handling equipment and systems for a wide variety of industrial markets throughout the world.

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

                   Fourth Quarter Ended       Year Ended
                        October 31,            October 31, 
                     1999        1998        1999        1998 
                   -------------------     -------------------

Sales              $ 4,688     $ 4,766     $15,317     $18,237
Net income             348         247         543         921
Per share          $  0.16     $  0.11     $  0.24     $  0.41