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AMSCO INTERNATIONAL ESTIMATES INCREASED FOURTH QUARTER SALES AND EARNINGS AND ANNOUNCES FAS 106 ACCOUNTING CHANGE

 PITTSBURGH, Feb. 4 /PRNewswire/ -- AMSCO International, Inc. (NYSE: ASZ) today estimated increased net sales and earnings for the fourth quarter ended Jan. 3, 1993. Earnings for the year will be reduced by an accounting change related to retirement medical benefits (FAS 106) which will be recorded in a cumulative manner as of the beginning of fiscal 1992.
 Net sales for the fourth quarter are estimated to be approximately $163.9 million, up approximately 22 percent from $134.8 million for this period last year. Net income is estimated to be approximately $15.3 million, up approximately 13 percent from $13.5 million, while fully diluted earnings per share of $.46 were up 10 percent from $.42 for this quarter a year ago. Per share results for the quarter include an approximate net after tax loss of $2.6 million or $.07 per share related to start up costs of AMSCO Sterile Recoveries, Inc. (ASRI). Revenues from Finn-Aqua Santasalo-Sohlberg Oy (Finn-Aqua) acquired on Feb. 28, 1992, contributed approximately $16.4 million or approximately 12 percent points of the sales growth for the quarter.
 Net sales for the year are estimated to be approximately $498.2 million, up approximately 23 percent from $405.2 million last year. Net income for the year is estimated to be approximately $11.3 million or approximately $.35 per share on a fully diluted basis, including the cumulative after tax charge of approximately $24.8 million or approximately $.77 per share related to the FAS 106 accounting change recorded as of the beginning of the first quarter of 1992. Had the company not made this accounting change at this time, net income for the year would have been approximately $37.7 million, up approximately 33 percent from $28.4 million, while fully diluted earnings per share would have been approximately $1.18, up approximately 26 percent from $.94 a year ago. Per share results for the year include a net after tax loss of approximately $5.5 million or approximately $.17 per share related to start up costs of the ASRI subsidiary, as well as other income of $.04 per share from a third quarter patent litigation settlement. Finn-Aqua revenues of approximately $40.1 million for the 10 months since acquisition represented approximately 10 percent points of consolidated revenue growth for the year.
 The company's year-end backlog of customer purchase orders for healthcare and scientific equipment is estimated to be approximately $84.6 million compared to $79.2 million this time last year, according to Chief Executive Officer David A. Nelson. Nelson stated that the backlog includes orders for approximately $22.9 million related to Finn-Aqua, some of which replaced orders that would have previously been filled by AMSCO's domestic operations. Nelson further stated that entering 1993 with a lower domestic equipment order backlog, as well as continuing investments in ASRI could result in difficult near-term historical earnings comparisons.
 AMSCO International is a leading provider of infection control, decontamination and surgical products and services to healthcare, scientific and industrial customers.
 /delval/
 -0- 2/4/93
 /CONTACT: Anthony M. Lacenere, vice president-financial affairs of AMSCO International, 412-338-6519/
 (ASZ)


CO: AMSCO International, Inc. ST: Pennsylvania IN: MTC HEA SU: ERP

DM -- PG006 -- 3003 02/04/93 12:54 EST
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Date:Feb 4, 1993
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