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CONMED CORPORATION ANNOUNCES 1992 EARNINGS

 UTICA, N.Y., Feb. 16 /PRNewswire/ -- CONMED Corporation (NASDAQ: CNMD) today reported net income for 1992 of $4,106,000, an increase of 4.1 percent over 1991 net income of $3,945,000. Earnings per share in 1992 were $.95 compared to $1.04 in 1991. The decline in earnings per share while net income increased was due to a 13.8 percent increase in average shares outstanding. Sales for 1992 were $42,602,000, an increase of 10.8 percent over 1991 sales of $38,458,000.
 For the fourth quarter of 1992, net income was $905,000 compared to $1,215,000 in the same quarter of 1991. Earnings per share for the fourth quarter of 1992 were $.22 compared to $.28 in the fourth quarter of 1991. Sales for the quarter ended Dec. 25, 1992 were $10,939,000 compared to $10,532,000 in the fourth quarter of 1991.
 Mr. Eugene R. Corasanti, Chairman of the Board and President, said, "CONMED's sales and net income in 1992 were the highest ever attained by the company. During 1992, we made significant expenditures in research and development activities and in the expansion of our marketing and sales organizations. We believe that these expenditures have provided us with state-of-the-art products and the right sales organization to continue the company's growth in 1993 and beyond."
 CONMED is a manufacturer of electrosurgery and other medical products used primarily in hospital operating rooms and other critical care areas. The company distributes its products worldwide from manufacturing and warehousing facilities in Utica and Denver.
 CONMED CORPORATION
 Earnings Report - Dec. 25, 1992
 (In thousands, except per share data)
 Year Ended
 Dec. 25, 1992 Dec. 27, 1991(a)
 Net sales $42,602 $38,458
 Cost and expenses:
 Cost of sales 22,549 20,449
 Selling and administrative 12,556 10,633
 Research and development 1,695 1,275
 36,800 32,357
 Income from operations 5,802 6,101
 Interest income (expense) - net 290 (123)
 Income before income taxes 6,092 5,978
 Income taxes 1,986 2,033
 Net income $4,106 $3,945
 Average common shares
 and equivalents 4,312 3,789
 Earnings per share $.95 $1.04
 Three Months Ended
 Dec. 25, 1992 Dec. 27, 1991
 (unaudited) (unaudited)
 Net sales $10,939 $10,532
 Cost and expenses:
 Cost of sales 5,836 5,545
 Selling and administrative 3,473 2,941
 Research and development 464 374
 9,773 8,860
 Income from operations 1,166 1,672
 Interest income - net 59 107
 Income before income taxes 1,225 1,779
 Income taxes 320 564
 Net income $905 $1,215
 Average common shares
 and equivalents 4,190 4,358
 Earnings per share $.22 $.28
 (a) -- Includes the Techswitch electrosurgical disposable product line from Feb. 28, 1991, the date of acquisition.
 -0- 2/16/93
 /CONTACT: Robert D. Shallish of CONMED Corporation, 315-797-8375, Ext. 2219/
 (CNMD)


CO: CONMED Corporation ST: New York IN: MTC SU: ERN

DH-JG -- CL006 -- 6784 02/16/93 10:01 EST
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Publication:PR Newswire
Date:Feb 16, 1993
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