VALLEN CORP <VALN> 3RD QTR FEB 28 NET
Shr 24 cts vs 33 cts
    Net 347,000 vs 469,000
    Sales 16.5 mln vs 14.0 mln
    Nine mths
    Oper shr 93 cts vs 94 cts
    Oper net 1,327,000 vs 1,342,000
    Sales 48.8 mln vs 34.5 mln
    NOTE: Current nine mths net excludes 756,000 dlr gain from
termination of pension plan.
 Reuter
