Furon reports increases in sales & income for third quarter.

LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--Nov. 17, 1994--Furon Co. (NASDAQ:FCBN) Thursday reported continued increases in sales and income for the third quarter ended Oct. 29, 1994.

Net income for the quarter advanced 51 percent to $3,357,000, equal to 37 cents per share, from $2,220,000, or 25 cents per share, the year earlier. Sales from continuing operations rose 17 percent to $78,741,000 from $67,147,000 a year ago. Net sales for the period advanced to $81,071,000 from $70,034,000 a year earlier.

For the nine months ended Oct. 29, 1994, net income rose 52 percent to $8,438,000, or 94 cents per share, from $5,559,000, or 63 cents per share, for the same period last year. Sales from continuing operations for the year-to-date period increased to $223,529,000, up 12 percent from $199,984,000 a year ago. Net sales for the nine-month period advanced to $231,158,000 from $217,418,000 in the prior fiscal year.

J. Michael Hagan, chairman and chief executive officer, attributed the positive results to increased demand from most of the company's principal markets, with particular strength in the transportation, electronic and industrial equipment sectors. He also noted that the company experienced an increasing order flow stemming from the economic recovery in Europe.

During the quarter, Furon further implemented its new operating strategy, which leverages all of the company's technological and manufacturing resources to each customer. Hagan said, "The new structure, which is expected to be fully in place by the end of the current fiscal year, will eliminate individual divisions, which emphasized specific product lines and had their own sales staffs.

"The positive trend is continuing, as many factors favorable to Furon are converging," added Hagan. "Externally, the industrial markets we serve are strong and growing. Internally, the new programs we have put into place are providing increased orders, and importantly, enabling us to better serve our customers."

Furon is the world's leading producer of specialty polymer components for the industrial markets. The company serves five key markets: industrial process, transportation, electronics, healthcare and industrial equipment. -0-

                              Furon Co.
   Sales/Earnings for the Three and Nine Months Ended Oct. 29, 1994
                          and Oct. 30, 1993
                         Financial Highlights
                In Thousands, Except Per-Share Amounts
                             (Unaudited)

                             Three Months Ended     Nine Months Ended
                             Oct. 29,   Oct. 30,   Oct. 29,   Oct. 30,
                               1994      1993        1994      1993

Net sales/a                  $81,071    $70,034   $231,158   $217,418
Cost of sales                 55,979     49,825    161,526    156,453
Gross profit                  25,092     20,209     69,632     60,965
Selling, general and
 administrative expense       20,056     16,500     56,310     50,674
Other (income), net             (672)      (698)    (1,718)    (1,568)
Interest expense                 589        784      1,855      2,594
Income before income
 taxes                         5,119      3,623     13,185      9,265
Provision for income
 taxes                         1,762      1,403      4,747      3,706
Net income                   $ 3,357    $ 2,220   $  8,438   $  5,559
Net income per common
 share and common share
 equivalents                37 cents   25 cents   94 cents  63 cents
Cash dividends per common
 share                       6 cents    6 cents   18 cents  18 cents
Weighted average number of
 common shares and common
 share equivalents             9,036      8,747      8,968    8,856
-0-

                                    Oct. 29,            Oct. 30,
                                      1994                1993

Current assets                     $104,758             $ 94,006
Current liabilities                  50,103               42,032
Ratio of current assets to
 current liabilities               2.1-to-1             2.2-to-1
Total assets                        181,976              170,743
Total long-term debt                 22,257               28,017
Stockholders' equity                 89,868               78,439

NOTE (a):  Sales from the continuing operations for the three
and nine months ended Oct. 29, 1994, were $78,741,000 and
$223,529,000, respectively.  Sales from continuing operations for
the same periods of the prior fiscal year were $67,147,000 and
$199,984,000, respectively.

CONTACT: Furon Co.

              Mike Hagan/Ron Bissell, 714/831-5350
                        or
              Pondel, Parsons & Wilkinson
              Roger Pondel/Stephanie Burchfield, 310/207-9300