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BERGEN BRUNSWIG REPORTS THIRD QUARTER AND NINE MONTH RESULTS

 BERGEN BRUNSWIG REPORTS THIRD QUARTER AND NINE MONTH RESULTS
 ORANGE, Calif., June 12 /PRNewswire/ -- Bergen Brunswig Corporation


(AMEX: BBC) today reported results for the third fiscal quarter and the nine months ended May 31, 1992.
 For the quarter ended May 31, 1992, net sales and other revenues from continuing operations increased 20 percent to a record $1.34 billion from $1.11 billion for the comparable quarter last year. Net earnings were $17.2 million compared to $17.1 million in the prior year. Fully diluted earnings per share were $0.44 compared to $0.38 for the similar period a year ago, an increase of approximately 16 percent.
 Net earnings for the quarter ended May 31, 1992 consisted of earnings from continuing operations of $16.0 million compared to $16.2 million in the third quarter last year. Earnings from discontinued operations were $1.2 million this quarter compared $1.0 million a year ago. Fully diluted earnings per share from continuing operations were $0.41 compared to $0.36 a year ago. Earnings from discontinued operations are those of Commtron Corporation, an approximately 81 percent-owned subsidiary. The company expects to complete the sale of Commtron to a wholly owned subsidiary of Ingram Industries Inc. on June 19, 1992.
 As a result of the previously announced stock purchase program, the average number of shares used for primary earnings per share decreased to 36.9 million shares compared to 42.8 million shares for the third quarter last year.
 Net sales and other revenues from continuing operations for the nine months ended May 31, 1992 increased 16 percent to $3.7 billion compared to $3.2 billion a year ago. Net earnings for the nine months were equal to $43.1 million or $1.08 per fully diluted share, compared to $51.2 million or $1.13 per share in the 1991 period.
 Net earnings for the nine months ended May 31, 1992 included earnings from continuing operations of $38.1 million or $0.97 per fully diluted share compared to $46.3 million or $1.03 per share for the similar period last year. Earnings from discontinued operations were $5.0 million compared to $4.9 million for the prior year.
 Robert E. Martini, chairman and chief executive officer, said, "Results for the third quarter were in line with the company's objectives despite lower price increases on pharmaceuticals and a lower overall gross profit margin rate than in prior year periods. We continue to meet the challenge of decreased forward buying opportunities and continuing lower margins through the reduction of general operating expenses and the ongoing consolidation into regional distribution centers which now account for 45 percent of the company's sales."
 Bergen Brunswig Corporation is one of the nation's largest distributors of prescription pharmaceuticals and other health care products and, pending consummation of the sale of Commtron, the largest national distributor of prerecorded video cassettes.
 BERGEN BRUNSWIG CORPORATION
 Summary of Consolidated Sales and Earnings
 (Unaudited, in thousands except share and per share amounts)
 Periods ended: Third fiscal quarter Nine months
 May 31 1992 1991 1992 1991
 Net sales and
 other revenues $1,338,329 $1,111,805 $3,707,438 $3,183,936
 Costs and expenses:
 Cost of sales 1,252,951 1,032,870 3,470,257 2,952,426
 SG&A expenses 57,823 53,787 171,409 157,067
 Total costs &
 expenses 1,310,774 1,086,657 3,641,666 3,109,493
 Operating earnings
 from continuing
 operations 27,555 25,148 65,772 74,443
 Net interest expense 2,493 538 5,968 2,394
 Earnings from continuing
 operations before taxes
 on income 25,062 24,610 59,804 72,049
 Taxes on income from
 continuing operations 9,044 8,438 21,666 25,782
 Earnings from continuing
 operations 16,018 16,172 38,138 46,267
 Earnings from discontinued
 operations, net of taxes
 on income 1,221 951 4,986 4,940
 Net earnings $17,239 $17,123 $43,124 $51,207
 Average number of
 common and common
 equivalent shares(A):
 Primary 36,936,583 42,833,235 38,202,951 43,014,069
 Fully diluted 44,714,093 50,600,726 45,983,555 50,793,335
 Earnings per share(A):
 Primary:
 Continuing operations $0.43 $0.38 $1.00 $1.08
 Discontinued opers. 0.04 0.02 0.13 0.11
 Net earnings $0.47 $0.40 $1.13 $1.19
 Fully diluted:
 Continuing operations $0.41 $0.36 $0.97 $1.03
 Discontinued opers. 0.03 0.02 0.11 0.10
 Net earnings $0.44 $0.38 $1.08 $1.13
 (A) -- Gives effect to the 25 percent stock dividend declared July 17, 1991. Earnings per common and common equivalent share are based on the weighted average number of shares of Class A common stock outstanding during each period, the assumed conversion of the weighted average number of shares of Class B common stock outstanding during each period and the assumed exercise of employees' stock options. Fully diluted earnings per share assume conversion of the LYONs due 2004 (zero coupon-subordinated) from the issue date of Nov. 16, 1989.
 NOTE: Addback to net earnings for fully diluted earnings per share computation:
 LYONs interest,
 net of tax effect $2,202 $2,118 $6,484 $6,133
 BERGEN BRUNSWIG CORPORATION
 Selected Quarterly Results
 (Unaudited, dollars in thousands, except for per share amounts)
 Aug. 31 First Second Third Fourth Fiscal
 1992: Quarter Quarter Quarter Quarter Year
 Net sales and
 other
 revenues $1,149,221 $1,219,888 $1,338,329
 Gross
 margin 71,364 80,439 85,378
 Earnings from
 continuing
 operations 6,635 15,485 16,018
 Discontinued
 operations 2,275 1,490 1,221
 Net earnings 8,910 16,975 17,239
 Earnings per share
 (fully diluted)(A):
 Earnings from
 continuing
 operations 0.17 0.39 0.41
 Discontinued
 operations 0.05 0.03 0.03
 Net earnings 0.22 0.42 0.44
 Cash dividends per share(A):
 Class A
 common 0.100 0.100 0.100
 Class B
 common 0.953 0.953 0.953
 Market prices per
 Class A
 common share(A)
 High $23-1/8 $19-1/4 $21-7/8
 Low 17 16 18-3/8
 Year ended
 Aug. 31, 1991:
 Net sales
 and other
 revenues $1,025,384 $1,046,747 $1,111,805 $1,111,461 $4,295,397
 Gross
 margin 73,069 79,506 78,935 73,269 304,779
 Earnings
 from
 continuing
 operations 14,485 15,610 16,172 11,794 58,061
 Discontinued
 operations 2,503 1,486 951 1,136 6,076
 Net earnings 16,988 17,096 17,123 12,930 64,137
 Earnings per
 share (fully
 diluted)(A):
 Earnings from
 continuing
 operations 0.32 0.35 0.36 0.29 1.32
 Discontinued
 operations 0.05 0.03 0.02 0.02 0.12
 Net earnings 0.37 0.38 0.38 0.31 1.44
 Cash dividends
 per share:(A)
 Class A
 common 0.080 0.080 0.080 0.100 0.340
 Class B
 common 0.762 0.762 0.762 0.953 3.239
 Market prices
 per Class A
 common share(A)
 High $1-5/8 $25-1/2 $26-1/4 $24 $26-1/4
 Low 17-1/8 21-1/8 20-3/8 19-3/4 17-1/8
 Bergen Brunswig Corporation Class A common stock is listed on the American Stock Exchange. There were approximately 3,500 shareowners of Class A Common Stock on Aug. 31, 1991.
 (A) -- Gives effect to the 25 percent stock dividend declared July 17, 1991.
 Five-Year Financial Summary
 (Unaudited, in thousands except for per share amounts)
 Years ended
 Aug. 31, 1991 1990 1989 1988 1987
 Results of
 continuing
 operations:
 Net sales
 and other
 revenues $4,295,397 $3,872,436 $3,367,178 $3,008,036 $2,685,624
 Cost of
 sales 3,990,618 3,587,012 3,109,646 2,778,505 2,492,847
 Gross
 margin 304,779 285,424 257,532 229,531 192,777
 Percent of net
 sales and other
 revenues 7.10 7.37 7.65 7.63 7.18
 SG&A
 expenses 211,915 198,190 182,304 168,382 155,685
 Net interest
 expense 3,238 479 9,469 11,280 13,096
 Earnings from
 continuing
 operations
 before taxes
 on income 89,626 86,755 65,759 49,869 23,996
 Percent of net
 sales and
 other revenues
 (pre-tax
 margin) 2.09 2.24 1.95 1.66 0.89
 Taxes on
 income 31,565 31,543 24,465 20,006 12,118
 Percent of
 earnings from
 continuing
 operations
 (effective
 tax rate) 35.22 36.36 37.20 40.12 50.50
 Earnings from
 continuing
 operations 58,061 55,212 41,294 29,863 11,878
 Percent of net
 sales and other
 revenues
 (profit
 margin) 1.35 1.43 1.23 .99 .44
 Percent of
 average equity
 (return on
 equity) 12.89 13.20 13.53 14.63 6.50
 Discontinued
 operations,
 net of taxes
 on income 6,076 7,354 6,323 4,867 4,009
 Earnings before
 extraordinary
 gain 64,137 62,566 47,617 34,730 15,887
 Extraordinary
 gain, net of
 taxes on
 income -- 3,497 -- -- --
 Net earnings $64,137 $66,063 $47,617 $34,730 $15,887
 Earnings per
 share data(A):
 Weighted average
 number of common
 and common
 equivalent
 shares 42,657 42,967 32,229 28,754 28,628
 Earnings per
 common and common
 equivalent share:
 Primary:
 Earnings from
 continuing
 operations $1.36 $1.29 $1.28 $1.04 $.41
 Discontinued
 operations .14 .17 .20 .17 .14
 Earnings before
 extraordinary
 gain 1.50 1.46 1.48 1.21 .55
 Extraordinary
 gain -- .08 -- -- --
 Net earnings $1.50 $1.54 $1.48 $1.21 $.55
 Fully diluted:
 Earnings from
 continuing
 operations $1.32 $1.25 $1.17 $.96 $.41
 Discontinued
 operations .12 .15 .16 .13 .14
 Earnings before
 extraordinary
 gain 1.44 1.40 1.33 1.09 .55
 Extraordinary
 gain -- .07 -- -- --
 Net earnings $1.44 $1.47 $1.33 $1.09 $.55
 Cash dividends
 per common share:
 Class A common
 stock $0.340 $0.288 $0.218 $0.178 $0.150
 Class B common
 stock $3.239 $2.744 $1.200 $0.102 --
 (A) -- Gives effect to the 25 percent stock dividend declared July 17, 1991. Earnings per share are based on the combined weighted average number of shares of common stock outstanding during each year, the assumed exercise of employees' stock options, and the assumed issuance of certain contingent shares in 1986 and 1987 related to an acquisition. Fully diluted earnings per share assume conversion in 1991 and 1990 of the LYONs from the issue date of Nov. 16, 1989. Fully diluted earnings per share assume conversion in 1989, and 1988 of the 7-5/8 percent Convertible Subordinated Debentures issued July 1985, prior to conversion in 1989. In 1987 the computation of fully diluted earnings per share was anti-dilutive.
 -0- 6/12/92
 /CONTACT: Neil F. Dimick, executive vice president and chief financial officer of Bergen Brunswig, 714-385-4000; or Gary Fishman of The Hudson Stone Group, 212-226-8550; or Donald Reynolds, Donald Reynolds Associates, 310-275-9024, for Bergen Brunswig/
 (BBC) CO: Bergen Brunswig Corporation ST: California IN: MTC SU: ERN


TS -- NY005 -- 9526 06/12/92 08:31 EDT
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Date:Jun 12, 1992
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