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DIONEX REPORTS RESULTS FOR SECOND FISCAL QUARTER

 SUNNYVALE, Calif., Jan. 13 /PRNewswire/ -- Dionex Corp. (NASDAQ: DNEX) today announced record revenues and earnings for its second fiscal quarter ended Dec. 31, 1992.
 Sales for the second quarter were $26,866,000, a 12-percent increase over the $24,025,000 reported in the second quarter of last year. Had currency rates been the same as a year ago, reported sales growth would have been 11 percent. Net income was $4,273,000, an increase of 16 percent over the $3,683,000 earned in the second quarter of fiscal 1992. Earnings per share increased 18 percent from 45 cents in last year's second quarter to 53 cents for the most recent quarter.
 For the six months ended Dec. 31, 1992, sales reached $51,928,000, up 14 percent from sales in the first half of the previous year. If currency rates had remained the same as the previous fiscal year, sales growth would have been 9 percent. Net income for the six-month period reached $7,779,000, or 96 cents per share, a 16-percent increase in earnings per share over last year's first half.
 Net income and earnings per share reflect the company's ongoing stock repurchase programs under which Dionex repurchased 300,500 shares of common stock during the first half of fiscal 1993. During fiscal 1992, the company repurchased 284,600 shares.
 In a speech being given today at the Hambrecht & Quist Life Sciences Conference in San Francisco, A. Blaine Bowman, Dionex president and chief executive officer, said, "We achieved record sales and earnings during our second quarter, once again led by strong demand in several international markets. We are particularly pleased with this performance given both the continued weak economic conditions in many of the markets we serve, as well as the significant strengthening of the U.S. dollar during the quarter."
 Dionex Corp. is a leading manufacturer and marketer of chromatography systems for chemical analysis. The company's systems are used in environmental analysis and by the chemicals, petrochemicals, life sciences, power generation and electronics industries in a wide variety of applications.
 DIONEX CORP.
 Consolidated Statements of Income
 (Unaudited, in thousands except per share amounts)
 Three Months Six Months
 Ended Dec. 31: 1992 1991 1992 1991
 Net sales $26,866 $24,025 $51,928 $45,561
 Cost of sales 8,185 7,616 16,021 14,533
 Gross profit 18,681 16,409 35,907 31,028
 Operating expenses:
 Selling, general and
 administrative 10,398 9,232 20,537 17,578
 Research & product
 development 2,108 2,010 4,256 3,888
 Total operating
 expenses 12,506 11,242 24,793 21,466
 Operating income 6,175 5,167 11,114 9,562
 Interest income,
 net 348 498 762 1,039
 Income before taxes
 on income 6,523 5,665 11,876 10,601
 Taxes on income 2,250 1,982 4,097 3,710
 Net income $ 4,273 $ 3,683 $ 7,779 $ 6,891
 Net income per
 common and
 equivalent
 share $ 0.53 $ 0.45 $ 0.96 $ 0.83
 Common and
 equivalent shares
 used in computing
 per share amounts 8,023 8,236 8,096 8,318
 -0- 1/13/93
 /CONTACT: Eric J. Keller of Dionex, 408-481-4106/
 (DNEX)


CO: Dionex Corp. ST: California IN: CHM SU: ERN

RK-GT -- SJ003 -- 4340 01/13/93 08:31 EST
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Date:Jan 13, 1993
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