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MERRILL CORPORATION REPORTS RECORD FISCAL YEAR 1992 RESULTS

 MERRILL CORPORATION REPORTS RECORD FISCAL YEAR 1992 RESULTS
 ST. PAUL, Minn., March 24 /PRNewswire/ -- Merrill Corporation (NASDAQ: MRLL) today announced record operating results for the three- month period and fiscal year ended Jan. 31, 1992.
 Revenue for the fiscal year was $125,312,000, up 24 percent from $100,951,000, a year ago. Net income was $6,518,000, or 86 cents per share, compared to a net income of $2,671,000, or 37 cents per share, last year.
 Revenue for the quarter was $32,523,000, an increase of 22 percent from $26,569,000, for the same period a year ago. Net income for the quarter was $1,444,000, or 19 cents per share, compared to a net loss of $389,000, or six cents per share, last year.
 Per share figures have been restated to reflect the 2-for-1 stock split paid March 6, 1992, in the form of a stock dividend.
 Merrill Corporation president and CEO John Castro said, "Increased market share, primarily reflecting acquisitions made in 1989 and 1990, together with an extraordinary degree of effort from our employees, enabled us to benefit from the high level of capital market activity, particularly corporate equity offerings, during the past year."
 Merrill Corporation is a leading provider of on-demand, 24-hour-a- day typesetting, printing, document reproduction and distribution services to financial, legal, corporate and insurance markets nationwide.
 MERRILL CORPORATION
 Financial Summary
 (In thousands, except share and per share data)
 Three Months Ended 12 Months Ended
 Jan. 31, Jan. 31,
 1992 1991 1992 1991
 Revenues $32,523 $26,569 $125,312 $100,951
 Cost of sales 22,235 20,600 83,506 70,239
 Gross Profit 10,288 5,969 41,806 30,712
 Selling, general and
 administrative
 expenses 7,871 6,789 30,701 26,605
 Other income (expense) 1 (40) (352) 19
 Income (loss) before
 tax provision 2,418 (860) 10,753 4,126
 Provision for
 income tax (974) 424 (4,308) (1,570)
 Minority interest -- 47 73 115
 Net income (loss) $1,444 $(389) $6,518 $2,671
 Net income (loss) per
 common and common
 equivalent share (1) $.19 $(.06) $.86 $.37
 Weighted average
 number of common shares
 outstanding (1) 7,701,424 7,013,166 7,607,024 7,223,256
 (1) Restated to reflect the 2-for-1 stock split paid March 6, 1992, in the form of a stock dividend.
 -0- 3/24/92
 /CONTACT: John B. McCain of Merrill Corporation, 612-646-4501, or Melissa Quinn of Padilla Speer Beardsley, 612-871-8877, for Merrill/
 (MRLL) CO: Merrill Corporation ST: Minnesota IN: PUB SU: ERN


DS -- MN003 -- 0909 03/24/92 08:50 EST
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Date:Mar 24, 1992
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