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CANTEL INDUSTRIES, INC. ANNOUNCES RESULTS OF OPERATIONS FOR THE QUARTER AND NINE MONTHS ENDED APRIL 30, 1993

 FAIRFIELD, N.J., June 22 /PRNewswire/ -- Cantel Industries, Inc. (NASDAQ: CNTL) reported consolidated net sales of $9,378,000, net income before dividends on preferred stocks of $135,000 and a net loss attributable to common stock of $157,000 or $0.08 per share for the quarter ended April 30, 1993, as compared with net sales of $10,632,000, net income before dividends on preferred stocks of $474,000 and net income attributable to common stock of $245,000 or $0.11 per share for the quarter ended April 30, 1992.
 For the nine months ended April 30, 1993, the company reported net sales of $29,761,000, net income before dividends on preferred stocks of $212,000 and a net loss attributable to common stock of $669,000 or $0.35 per share, as compared with net sales of $31,168,000, net income before dividends on preferred stocks of $1,265,000 and net income attributable to common stock of $616,000 or $0.27 per share for the nine months ended April 30, 1992.
 Mr. James P. Reilly, president and chief executive officer of Cantel Industries, Inc., which markets and distributes medical, scientific and consumer products in Canada and office seating products in the United States and Canada, said, "The results for the nine months reflect lower sales by the company's United States Seating Division, primarily to the United States Government and the continued weakness of the Canadian dollar relative to the United States dollar, which had a negative impact on sales, as the rate used to translate the sales of the company's Canadian subsidiary to United States dollars was approximately 7.6 percent lower than the prior year. This unfavorable exchange rate also increased the cost of inventories purchased by the company's Canadian subsidiary and reduced the gross profit for the period."
 Mr. Reilly further stated, "In addition to the reduction in sales and the loss in gross profits, the weak Canadian dollar also resulted in a non-cash foreign exchange loss from translating the company's Canadian subsidiary's United States dollar loan into Canadian dollars of $453,000 in the first nine months of fiscal 1993, as compared with $208,000 in the first nine months of fiscal 1992."
 CANTEL INDUSTRIES, INC.
 Summary of Results
 Periods Ended Three months Nine months
 April 30, 1993 1992 1993 1992
 Net sales $9,378,000 $10,632,000 $29,761,000 $31,168,000
 Net income before
 dividends on preferred
 stocks 135,000 474,000 212,000 1,265,000
 Net income (loss)
 attributable to
 common stock (157,000) 245,000 (669,000) 616,000
 Income (loss) per
 common share (0.08) 0.11 (0.35) 0.27
 Average number
 of shares 1,933,317 2,317,880 1,887,221 2,279,999
 -0- 6/22/93
 /CONTACT: James P. Reilly, president and chief executive officer of Cantel Industries, 201-227-6500/
 (CNTL)


CO: Cantel Industries, Inc. ST: New Jersey IN: SU: ERN

LD-WB -- NY079 -- 4736 06/22/93 17:32 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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