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ALCO STANDARD COMMENTS ON PRELIMINARY RESULTS FOR THIRD QUARTER

 VALLEY FORGE, Pa., July 12 /PRNewswire/ -- Alco Standard Corporation (NYSE: ASN) today reported preliminary indications of results for its third fiscal quarter ended June 30, 1993 are that earnings per share from continuing operations will be in a range of $.56 - $.59. Earnings per share of $.58 for the same quarter last year included $.03 from the sale of an investment.
 U.S. Paper distribution revenues are expected to be up approximately 11 percent versus last year's third quarter, but operating income is expected to be down 4-5 percent. The shortfall in earnings is due to a delay in the company's ability to put through recent paper price increases from suppliers. This pricing lag is expected to be temporary in nature.
 The company's Canadian paper distribution operations and Alco Office Products are on track to meet performance expectations for the quarter.
 Commenting on the outlook for the balance of the fiscal year, Ray B. Mundt, chairman and chief executive officer, stated, "The recent paper price increases will prove to be very positive to PCA's profitability in the longer term."
 Alco Standard Corporation, headquartered in Valley Forge, is a publicly owned paper and office products distribution company. For its fiscal year ended Sept. 30, 1992, revenues were $4.9 billion.
 -0- 7/12/93
 /CONTACT: David B. Kirkland for Alco Standard Corporation, 215-296-8000, or home, 215-542-9025/
 (ASN)


CO: Alco Standard Corporation ST: Pennsylvania IN: PAP SU: ERN

LR -- NY010 -- 0210 07/12/93 07:30 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
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