IRWIN MAGNETIC SYSTEMS INC <IRWN> 1ST QTR NET
Period ended Sept 27
    Shr nine cts vs 24 cts
    Net 474,000 vs 880,000
    Sales 11.2 mln vs 11.8 mln
    Avg shrs 5,369,555 vs 3,654,986
    Note: 1986 figures include tax credits of 113,000 dlrs or
three cts a share.
 Reuter
