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ACUSON CORPORATION REPORTS SECOND QUARTER 1992 RESULTS

 ACUSON CORPORATION REPORTS SECOND QUARTER 1992 RESULTS
 MOUNTAIN VIEW, Calif., July 22 /PRNewswire/ -- Acuson Corporation


(NYSE: ACN), a leading international manufacturer and marketer of premium quality medical diagnostic ultrasound systems, today announced the results for the second quarter ended June 27, 1992.
 Sales for the second quarter increased to $87,715,000 compared to $82,662,000 reported in the prior year period. Net income for the quarter was $11,021,000 compared to net income of $14,410,000. Earnings per share were $.31 per share in the second quarter of 1992 compared to $.39 per share reported in the second quarter of 1991.
 For the six months ended June 27, 1992, sales increased to $174,733,000 from $160,838,000 in the first six months of 1991. Net income was $23,789,000 compared to $27,829,000, and earnings per share were $.66 per share compared to $.76 per share in the year-earlier six-month period.
 On July 21, the board of directors authorized the repurchase of up to 4,000,000 additional shares of common stock over an unspecified period of time. Together with the authorization to repurchase up to 4,000,000 common shares as announced on March 10, the company is now authorized to repurchase up to 8,000,000 shares. Acuson may make repurchases from time to time in the open market or through selected block purchases. As of July 21, the company had repurchased 3,376,200 shares, and there were 32,233,325 shares of common stock outstanding.
 ACUSON CORPORATION
 Condensed Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except per share amounts)
 Three Months Ended Six Months Ended
 June 27, June 29, June 27, June 29,
 1992 1991 1992 1991
 Net sales $87,715 $82,662 $174,733 $160,838
 Cost of sales 35,272 32,715 70,251 63,648
 Gross profit 52,443 49,947 104,482 97,190
 Operating expenses:
 Selling, general and
 administrative 26,058 20,843 50,123 40,798
 Product development 11,208 7,998 20,991 15,682
 Total operating expenses 37,266 28,841 71,114 56,480
 Income from operations 15,177 21,106 33,368 40,710
 Interest income, net 2,318 1,842 4,394 3,881
 Income before provision for
 income taxes 17,495 22,948 37,762 44,591
 Provision for
 income taxes 6,474 8,538 13,973 16,762
 Net income $11,021 $14,410 $23,789 $27,829
 Earnings per share $0.31 $0.39 $0.66 $0.76
 Weighted average common
 and common equivalent
 shares outstanding 35,287 36,886 35,897 36,785
 ACUSON CORPORATION
 Condensed Consolidated Balance Sheets
 (In thousands)
 June 27, Dec. 31,
 1992 1991
 (Unaudited)
 ASSETS
 CURRENT ASSETS
 Cash & short-term investments $123,823 $154,398
 Accounts receivable 81,837 80,729
 Inventories 40,462 35,590
 Prepaid expenses and other 18,664 16,619
 Total current assets 264,786 287,336
 PROPERTY AND EQUIPMENT
 At cost net of accumulated
 depreciation and amortization
 of $50,976 in 1992 and
 $43,764 in 1991 48,633 39,777
 OTHER ASSETS
 Net investment in leases 11,434 7,337
 Other long-term assets 2,143 1,691
 Total assets $326,996 $336,141
 LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
 Accounts payable $21,206 $14,654
 Accrued liabilities 49,141 45,248
 Total current liabilities 70,347 59,902
 LONG-TERM LIABILITIES
 Deferred income taxes - long-term 3,863 3,877
 STOCKHOLDERS' EQUITY
 Common stock
 Authorized - 50,000 shares
 Outstanding - 33,358 shares
 in 1992 and 35,414 shares
 in 1991 33,855 77,245
 Cumulative translation adjustment 222 197
 Retained earnings 218,709 194,920
 Total stockholders' equity 252,786 272,362
 Total liabilities and
 stockholders' equity $326,996 $336,141
 -0- 7/22/92
 /CONTACT: Robert J. Gallagher of Acuson, 415-694-5017/
 (ACN) CO: Acuson Corporation ST: California IN: MTC SU: ERN


RM-MM -- SJ001 -- 1701 07/22/92 09:01 EDT
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Date:Jul 22, 1992
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