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MERRILL CORPORATION REPORTS RECORD QUARTERLY RESULTS

 MERRILL CORPORATION REPORTS RECORD QUARTERLY RESULTS
 ST. PAUL, Minn., Aug. 25 /PRNewswire/ -- Merrill Corporation


(NASDAQ: MRLL) today announced record operating results for both the second fiscal quarter and the six-month period ended July 31, 1992.
 Revenue for the second fiscal quarter was $38,408,000, an increase of 13 percent from $34,124,000 in the second quarter a year ago. Net income for the quarter increased 32 percent to $2,528,000, or 33 cents per share, compared to net income of $1,913,000, or 25 cents per share last year. These results were a record for any quarter in the company's history.
 Revenue for the six months was $72,970,000, an increase of 16 percent from $62,688,000, for the same period a year ago. Net income for the six months increased 32 percent to $4,667,000, or 61 cents per share, compared to net income of $3,530,000, or 47 cents per share, last year.
 Merrill President and CEO John Castro said, "These results reflect good balance among our three revenue categories, highlighted by continued strength in the financial area and election-related commercial work."
 Merrill Corporation is a leading provider of on-demand, 24-hour-a- day typesetting, printing, document reproduction and distribution services to financial, legal and corporate markets nationwide.
 MERRILL CORPORATION
 Financial Summary
 (in thousands, except share and per share data)
 Three Months Ended Six Months Ended
 July 31 July 31
 1992 1991 1992 1991
 Revenues $38,408 $34,124 $72,970 $62,688
 Cost of sales 25,212 22,795 47,521 41,212
 Gross Profit 13,196 11,329 25,449 21,476
 Selling, general and
 administrative expenses 9,039 8,018 17,765 15,315
 Other income (expense) (24) (145) (12) (294)
 Income before tax provision 4,133 3,166 7,672 5,867
 Provision for income tax (1,605) (1,267) (3,005) (2,347)
 Minority interest -- 14 -- 10
 Net Income $2,528 $1,913 $4,667 $3,530
 Net income per common and
 common equivalent share $.33 $.25 $.61 $.47
 Weighted average
 number of common
 shares outstanding 7,628,785 7,553,204 7,672,547 7,540,844
 -0- 8/25/92
 /CONTACT: John B. McCain, Chief Financial Officer of Merrill Corporation, 612-646-4501, or Nancy Johnson of Padilla Speer Beardsley, 612-871-8877, for Merrill/
 (MRLL) CO: Merrill Corporation ST: Minnesota IN: PUB SU: ERN


DS -- MN003 -- 2897 08/25/92 09:02 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Aug 25, 1992
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