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ISCO REPORTS THIRD QUARTER RESULTS

 ISCO REPORTS THIRD QUARTER RESULTS
 LINCOLN, Neb., June 5 /PRNewswire/ -- Isco Inc. (NASDAQ: ISKO)


reported that earnings for the third quarter of fiscal 1992, which ended on May 1, 1992, were $1,578,000 or 33 cents per share on sales of $10,995,000. This compares with earnings of $1,085,000 or 23 cents per share on sales of $9,492,000 for the like period one year ago.
 For the nine months just ended, earnings were $4,633,000 or 97 cents per share on sales of $32,432,000. This compares with earnings of $2,558,000 or 54 cents per share on sales of $25,996,000 for the like period a year ago. Cash flow from operations for the nine months was $4,382,000, compared with $2,152,000 for the like period last year.
 Results for each division in the third quarter of fiscal 1992, the previous quarter, and the third quarter a year ago, were:
 3Q F1992 2Q F1992 3Q F1991
 Sales (000's)
 Environmental $7,116 $6,585 $5,993
 Separation
 Instruments 3,879 3,603 3,499
 Operating Income
 (000's)
 Environmental $1,776 $1,742 $1,449
 Separation
 Instruments 380 87 (5)
 Robert Allington, president of Isco, said, "We are pleased with the continued good results of both divisions. The year to date operating margin of 19 percent includes the 26 percent margin of the Environmental Division and the 6 percent margin of the Separation Instruments Division. Overall, we are significantly ahead of our annual return on sales target of 12 percent with actual performance greater than 14 percent."
 Reviewing product line performance for nine months of fiscal 1992, Allington commented, "In the Separation Instruments Division sales of the new supercritical fluid extraction products and syringe pumps more than doubled. Partially offsetting this growth, life science-related products such as chromatography and electrophoresis were flat on a year to year basis.
 "Sales growth for wastewater samplers and flow meters in the Environmental Division continued to be excellent. For the nine months of fiscal 1992 sales of wastewater samplers grew by nearly 20 percent, while flow meter sales increased by over 50 percent."
 Commenting on the rest of the year, Allington stated, "While we are on course for record performance in fiscal 1992, we expect that earnings will be softer in the fourth quarter. The Separation Instruments Division is experiencing reduced order and shipping rates, and measures have been taken to reduce costs. In the Environmental Division, we are forecasting continued growth in sales and operating income in the fourth quarter of fiscal 1992.
 Isco manufactures water pollution monitoring equipment, including flow measuring devices, and is the leading manufacturer of wastewater samplers. Isco also manufactures chemical separation instruments for use in bio-chemistry and biotechnology research.
 ISCO INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 (Unaudited)
 (Amounts in thousands, except per share data)
 Three Months Ended Nine Months Ended
 May 1, April 26, May 1, April 26,
 1992 1991 1992 1991
 Net sales $10,995 $9,492 $32,432 $25,996
 Cost of sales 3,902 3,791 12,107 10,719
 7,093 5,701 20,325 15,277
 Expenses:
 Selling,
 general and
 administrative 3,986 3,380 11,305 9,461
 Research and
 engineering 951 877 2,759 2,605
 4,937 4,257 14,064 12,066
 Operating income 2,156 1,444 6,261 3,211
 Non-operating income 250 141 805 565
 Earnings before
 income taxes 2,406 1,585 7,066 3,776
 Income taxes 828 500 2,433 1,218
 Net earnings $1,578 $1,085 $4,633 $2,558
 Net earnings
 per share $.33 $.23 $.97 $.54
 Weighted average
 number of shares
 outstanding 4,772 4,766 4,771 4,765
 Cash dividend
 per share $.05 $.04 $.15 $.13
 -0- 6/5/92
 /CONTACT: John Korab of Isco, 402-474-2233; or Scott Brooks of Carl Thompson Associates, 303-494-5472, for Isco/
 (ISKO) CO: Isco Inc. ST: Nebraska IN: SU: ERN


MC -- DV001 -- 7380 06/05/92 10:26 EDT
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Date:Jun 5, 1992
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