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LINDBERG CORPORATION QUARTER AND NINE MONTH RESULTS ANNOUNCED

 ROSEMONT, Ill., Oct. 22 /PRNewswire/ -- Lindberg Corporation (NASDAQ-NMS: LIND) operating results for the quarter and nine months ended Sept. 30, 1993 were announced today by Leo G. Thompson, president and chief executive officer.
 Third quarter sales and net earnings in 1993 were $16,671,070 and $456,367, as compared to $17,474,492 and $90,208 in the third quarter 1992. Earnings per share of $.10 for the third quarter of 1993 compare to $.02 for the same period in 1992. Adjusting for the negative effect on the year-to-date sales comparison from the divestiture of the company's Florida operations in May 1993, sales fell 1 percent in the third quarter of this year due to a weak month of July. Thompson indicated that while sales remain spotty, modest signs of overall improvement developed during the quarter.
 Sales for the first nine months were $52,112,819 compared to $54,485,701 for the first nine months of 1992. A nine month net loss of $1,996,636 compares to net earnings of $780,419 for the same 1992 period. A net loss per share of $.42 was recorded for 1993, versus $.17 of net earnings per share for the first nine months of 1992. Excluding the effects of a restructuring charge and a required change in accounting for 1993 were $1,625,364, or $.35 per share, more than twice the year earlier period.
 Additionally, at its quarterly meeting today, the board of directors declared a regular, quarterly cash dividend of $.05 per common share. The dividend is payable Dec. 1, 1993 to shareholders of record on Nov. 10, 1993. The company has 4,702,541 common shares outstanding.
 LINDBERG CORPORATION
 Nine Month Operating Results
 (Unaudited)
 Period ended Quarter ended Nine Months
 Sept. 30, 1993 1992 1993 1992
 Net Sales $16,671,070 $17,474,492 $52,112,819 $54,485,701
 Earnings (loss)
 before accounting
 change 456,367 90,208 (3,496,636)(A) 780,419
 Cumulative effect
 of accounting change --- --- 1,500,000(B) ---
 Net earnings
 (loss) 456,367 90,208 (1,996,636)(C) 708,419
 Earnings (loss)
 per share:
 Before Accounting
 Change $.10 $.02 $(.74)(A) $.17
 Net .10 .02 (.42)(C) .17
 (A) Includes charge of $5,122,000 after-tax, or $1.09 per share, related to the restructuring of the company's heat treat operations.
 (B) Cumulative effect on prior periods of change in accounting for income taxes as required by Statement of Financial Accounting Standards No. 109.
 (C) Excluding the effects of the restructuring charge (A) and the accounting change (B), earnings were $1,625,364, or $.35 per share.
 -0- 10/22/93
 /CONTACT: S.S. Penley of Lindberg Corp., 708-823-2021/
 (LIND)


CO: Lindberg Corporation ST: Illinois IN: MNG SU: ERN

MP -- NY070 -- 5882 10/22/93 16:22 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
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