VALLEN CORP &lt;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.
  

