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MENTOR REPORTS RECORD QUARTER

 MENTOR REPORTS RECORD QUARTER
 SANTA BARBARA, Calif., Oct. 15 /PRNewswire/ -- Mentor Corp.


(NASDAQ: MNTR) today reported record sales and earnings for the second quarter ended Sept. 30, 1992.
 Net income for the quarter was $2.9 million, or $0.27 per share, compared to $1.1 million, or $0.10 per share last year, an increase of 170 percent.
 Sales for the second quarter were $28.6 million, compared to $20.9 million last year, an increase of 37 percent.
 For the six-month, year-to-date ended Sept. 30, sales were $56.3 million, an increase of 30 percent over sales of $43.2 million last year. Net income for the six-month period was $5.5 million, or $0.51 per share, compared to $2.8 million and $0.26 per share last year, an increase of 96 percent.
 Sales growth was led by plastic surgery, accompanied by a very strong performance from urological disposable and surgical products.
 "We are very pleased with our progress this year," said Christopher J. Conway, Mentor's chairman. "Strong sales and improved gross profit margins are contributing to excellent growth in earnings."
 Mentor Corp. produces medical and surgical devices for the specialties of urology, plastic surgery and ophthalmology.
 MENTOR CORP.
 Consolidated Statements of Income
 (In thousands, except per share data)
 For the three months ended Sept. 30,
 1992 1991
 Net sales $28,608 $20,883
 Cost and expenses
 Cost of sales 9,241 8,384
 Selling, general and
 administrative 12,678 8,886
 Research and development 1,561 1,460
 Total 23,480 18,730
 Operating income 5,128 2,153
 Interest expense (643) (585)
 Interest income 105 150
 Other (expense) income (76) (95)
 Income before income taxes 4,514 1,623
 Income taxes 1,599 534
 Net income $2,915 $1,089
 Primary income per share $0.27 $0.10
 Fully diluted income
 per share $0.26 $0.10
 Dividends per share $0.04 $0.04
 Average common shares
 outstanding
 Primary 10,823 10,828
 For the six months ended Sept. 30,
 1992 1991
 Net sales $56,333 $43,236
 Cost and expenses
 Cost of sales 18,854 16,842
 Selling, general and
 administrative 24,760 18,209
 Research and development 2,945 3,037
 Total 46,559 38,088
 Operating income 9,774 5,148
 Interest expense (1,208) (1,129)
 Interest income 196 343
 Other (expense) income (199) (152)
 Income before income taxes 8,563 4,210
 Income taxes 3,041 1,388
 Net income $5,522 $2,822
 Primary income per share $0.51 $0.26
 Fully diluted income
 per share $0.49 $0.26
 Dividends per share $0.08 $0.08
 Average common shares
 outstanding
 Primary 10,753 10,919
 -0- 10/15/92
 /CONTACT: Christopher J. Conway, chairman of Mentor Corp., 805-681-6000/
 (MNTR) CO: Mentor Corp. ST: California IN: MTC SU: ERN


KJ-JB -- LA007 -- 0209 10/15/92 08:32 EDT
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Date:Oct 15, 1992
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