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ISOMEDIX, INC. REVISES EARNINGS EXPECTATIONS

 WHIPPANY, N.J., June 24 /PRNewswire/ -- Isomedix, Inc. (NASDAQ: ISMX) today announced that due to unexpected delays in achieving projected utilization levels at its new ethylene oxide gas sterilization facility in Northborough, Mass., and its new gamma sterilization facility in Chester, N.Y., its earnings and revenues for 1993 will be below expectations. Isomedix also said that its revenues are slightly below expectations at some of its other EtO facilities.
 As a result, Isomedix indicated that earnings for the quarter ending June 30, 1993, are expected to be $.27 per share as compared to $.28 per share in 1992, on somewhat higher revenues. The company also stated that revenue growth in 1993 will be less than previously anticipated and earnings in 1993 are likely to be at approximately the same level as in 1992.
 Isomedix attributed the revenue shortfall principally to customer delays in validating products at its new facilities and, to a lesser extent, to slower-than-anticipated conversion by major hospital supply manufacturers from in-house EtO sterilization to contract sterilization.
 Isomedix, Inc., based in Whippany, operates a network of 10 sterilization facilities in eight states and Canada. The capability to sterilize medical devices with pure ethylene oxide has now been added at three of the gamma facility locations. Isomedix also provides validation services through its Skyland Scientific Services subsidiary located in Montana.
 -0- 6/24/93
 /CONTACT: Thomas DeAngelo, VP-finance and administration of Isomedix Inc., 201-887-4700, or Susan Noonan of Noonan/Russo Communications, Inc., 212-979-9180, for Isomedix Inc./
 (ISMX)


CO: Isomedix Inc. ST: New Jersey IN: HEA SU: ERP

CK-MP -- NY020 -- 5241 06/24/93 10:36 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:268
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