HARNISCHFEGER INDUSTRIES INC <HPH> 2ND QTR NET
April 30 end
    Oper shr 20 cts vs 19 cts
    Oper net 4,625,000 vs 6,781,000
    Sales 250.2 mln vs 150.9 mln
    Orders 351.5 mln vs 122.5 mln
    1st half
    Oper shr 29 cts vs 26 cts
    Oper net 7,453,000 vs 12.0 mln
    Sales 441.1 mln vs 255.6 mln
    Orders 576.6 mln vs 221.1 mln
    Backlog 848.3 mln vs 459.2 mln
    NOTE: Prior year net excludes losses from discontinued
operations of 32.9 mln dlrs in quarter and 35.7 mln dlrs in
half.
    Net excludes tax credit 2,540,000 dlrs vs credit reversal
2,300,000 dlrs in quarter, credit 5,500,000 dlrs vs nil half.
    Results include Syscom Corp from December 30, 1986 purchase
and Beloit Corp from March 31, 1986 purchase.  Orders exclude
253.6 mln dlrs acquired with Syscon acquisition.
    Backlog at January 31 747 mln dlrs.
    Average shares 21.5 mln vs 13.3 mln in quarter and 18.9 mln
vs 13.3 mln in half.
    Income tax provisions 2,200,000 dlrs vs 3,450,000 dlrs in
quarter and 6,200,000 dlrs vs 7,225,000 dlrs in half.  Current
quarter tax rate of 27.5 pct benefited from Wisconsin
Department of Revenue Decision, the company said.
 Reuter
