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MERRILL CORPORATION REPORTS RECORD FISCAL YEAR 1993 RESULTS

 ST. PAUL, Minn., March 23 /PRNewswire/ -- Merrill Corporation (NASDAQ: MRLL) today announced record operating results for the three- month period and fiscal year ended Jan. 31, 1993.
 Revenue for the fiscal year was $147,716,000, up 18 percent from $125,312,000, a year ago. Net income was $8,599,000, or $1.12 per share, compared to a net income of $6,518,000, or 86 cents per share, last year.
 Revenue for the quarter was $37,384,000, an increase of 15 percent from $32,523,000, for the same period a year ago. Net income for the quarter was $1,794,000, or 23 cents per share, compared to net income of $1,444,000 or 19 cents per share last year.
 Merrill Corporation President and CEO John Castro said, "We are pleased to report another record year and also to note that the high level of capital market activity, which contributed significantly to these results, is continuing."
 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 Reports
 Fourth Quarter Results
 Financial Summary
 (In thousands, except share and per share data)
 Three Months Ended 12 Months Ended
 1/31/93 1/31/92 1/31/93 1/31/92
 Revenues $37,384 $32,523 $147,716 $125,312
 Cost of sales 25,631 22,235 98,119 83,506
 Gross Profit 11,753 10,288 49,597 41,806
 Selling, general and
 administrative expenses 8,808 7,871 35,474 30,701
 Other income (expense) 7 1 41 (352)
 Income before
 tax provision 2,952 2,418 14,164 10,753
 Provision for income
 tax (1,158) (974) (5,565) (4,308)
 Minority interest -- -- -- 73
 Net income $1,794 $1,444 $8,599 $6,518
 Net income per
 common and common
 equivalent share $.23 $.19 $1.12 $.86
 Weighted average
 number of common shares
 outstanding 7,787,068 7,701,424 7,695,113 7,607,024
 -0- 3/23/93
 /CONTACT: Melissa Quinn of Padilla Speer Beardsley, 612-871-8877, for Merrill Corporation; or John B. McCain, chief financial officer of Merrill Corporation, 612-646-4501/
 (MRLL)


CO: Merrill Corporation ST: Minnesota IN: PUB SU: ERN

AL -- MN005 -- 8504 03/23/93 08:32 EST
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Date:Mar 23, 1993
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