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BARD RELEASES SUPPLEMENTAL FINANCIAL DATA.


MURRAY HILL Murray Hill may refer to one of the following places:
  • Murray Hill, Kentucky
  • Murray Hill, Manhattan, a residential neighborhood in New York City
  • Murray Hill, Queens, a different locality in New York City
  • Murray Hill, New Jersey
  • Murray Hill, Pennsylvania
, NJ--(BUSINESS WIRE)--February 9, 1995--C. R. Bard bard, in Wales, term originally used to refer to the order of minstrel-poets who composed and recited the poems that celebrated the feats of Celtic chieftains and warriors. , Inc. (NYSE-BCR) today released additional financial information for the year ended December December: see month.  31, 1994 as a supplement to the summary data released January January: see month.  26, 1995.

As indicated in the January 26 summary, sales for the full year 1994 increased 5 percent to $1.018 billion. Net income of $74.9 million was 34 percent above the $56.0 million reported a year earlier. Earnings per share for the year were $1.44, up 35 percent over the $1.07 reported in 1993, with both years including one- time charges. The 1993 results included four one-time one-time
adj.
1. or one·time
a. Occurring or undertaken only once: a one-time winner in 1995.

b.
 items, the net effect of which was a charge to after- tax earnings of 50 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
. The 1994 results included a 33 cent per share fourth quarter charge. Adjusting for these events, Bard's net income per share comparison would have been $1.77 versus $1.57, a 13 percent increase.

Bard's gross margin at 51.2 percent was up from 50.9 percent in 1993. Continued emphasis on cost improvement programs coupled with favorable fa·vor·a·ble  
adj.
1. Advantageous; helpful: favorable winds.

2. Encouraging; propitious: a favorable diagnosis.

3.
 product mix contributed to this improvement. Marketing, selling and administrative expenses were flat year to year, as tight expense controls continued. Research and development expenditures were $69.8 million, up 5 percent over 1993.

Interest expense for 1994 increased to $15.1 million from $11.4 million the previous year. Bard's tax rate in 1994 was 27 percent, down from 37 percent in 1993 resulting primarily from the nonrecurring Non`re`cur´ring

a. 1. Nonrecurrent; as, the costs of a layoff are considered as a nonrecurring expense s>.
 items.

Bard's financial condition at year-end year-end also year·end
n.
The end of a year.

adj.
Occurring or done at the end of the year: a year-end audit.

Noun 1.
 1994 remained strong. Cash and short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 investments were $34.2 million, and the Company's total debt to total capitalization Total capitalization

The total long-term debt and all types of equity of a company that constitutes its capital structure.


total capitalization

See capitalization.
 ratio equaled 38.4 percent (balance sheet is attached).

Complete financial information will be available in Bard's 1994 Annual Report, scheduled for distribution on March 10.

C. R. Bard C. R. Bard, Inc. (NYSE: BCR) is one of the large S&P 500 companies of the United States, a surgical specialties and hospital medical device manufacturer in Murray Hill, New Jersey. It is named after its founder, who sold the company within only a few years of its founding. , Inc., headquartered in Murray Hill, NJ, is a leading multinational multinational

Of, relating to, or being a company with subsidiaries or other operations in a number of countries. The diversity of operations of such companies subjects them to unique risks (for example, exchange rate changes or government nationalization)
 developer, manufacturer and marketer of health care products.

Note: A recorded announcement giving financial performance details for the quarter and the year is available by calling (908) 277-8300 or 277-8301.

-0-

                       C. R. BARD, INC. AND SUBSIDIARIES
                        STATEMENTS OF CONSOLIDATED INCOME
                      (In thousands except per share figures)




                        For the Quarter Ended     For the Year Ended
                             December 31,           December 31,
                         1994           1993      1994        1993




Net sales                $262,600       $247,000  $1,018,200  $970,800


Costs and expenses:
 Cost of goods sold       128,500        122,100     497,300   476,700


 Marketing, selling
 and administrative        78,700         78,500     300,400   299,300
 Research & development    16,500         14,300      69,800    66,300
                           ------         ------     -------    ------
                          223,700        214,900     867,500   842,300


Operating income           38,900         32,100     150,700   128,500


Interest expense            5,500          3,200      15,100    11,400
Other income (expense),
 net                      (29,800)        33,600     (32,600)  (18,200)


Income before taxes and
 effect of accounting
 change                     3,600         62,500     103,000    98,900


Income tax provision/
 (benefit)                 (2,400)        22,400      28,100    36,800


Income before effect of
 accounting change          6,000         40,100      74,900    62,100


Effect of change in
 accounting principle,
 net of taxes                 ---            ---         ---    (6,100)


Net income                 $6,000        $40,100     $74,900   $56,000


Net income per share
 before effect of
 accounting change           $.11           $.77       $1.44     $1.19




Net income per share         $.11           $.77       $1.44     $1.07


Average shares outstanding                            52,005    52,197




Note: Reflected in the fourth quarter ended December 31, 1994 is a
33 cent per share charge for the settlement of a lawsuit and for
other costs related to Bard's USCI division.  During the fourth
quarter ended December 31, 1993, the Company recognized a one-time
gain of 37 cents per share from the sale of its Ventritex, Inc.
common stock holdings.


-0-


                      C. R. BARD, INC. AND SUBSIDIARIES
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                           (Thousands of dollars)


                               December 31,     December 31,
                                  1994              1993


Assets


Cash and short-term investments   $34,200           $75,000


Accounts receivable(net)          187,300           167,300


Inventories                       199,200           173,500


Other current assets                7,300             5,700


Total current assets              428,000           421,500


Long-term investments              13,300            17,700


Property, plant and equipment
 (net)                            199,900           168,900


Other assets                      317,200           190,500


TOTAL ASSETS                     $958,400          $798,600




Liabilities and Shareholders' Investment


Short-term debt                 $195,900            $84,500


Accounts payable                  39,200             39,300


Accrued liabilities              129,500            140,500


Total current liabilities        364,600            264,300


Long-term debt                    78,300             68,500


Other long-term liabilities       75,700             82,700


Shareholders'investment          439,800            383,100


TOTAL LIABILITIES AND SHAREHOLDERS'
 INVESTMENT                     $958,400           $798,600


-0-




CONTACT: E. L. Parker

C.R. Bard, Inc.

(908) 277-8059
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 9, 1995
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