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MINNTECH CORPORATION REPORTS SECOND QUARTER EARNINGS

 MINNEAPOLIS, Oct. 19 /PRNewswire/ -- Minntech Corporation (NASDAQ: MNTX) announced today net earnings of $1,070,000 or $.17 per common share for the second quarter ended Sept. 30, 1993, down 10 percent compared to net earnings of $1,184,000 or $.18 per common share for the second quarter last year. Revenues for the second quarter were $11,206,000, up 2 percent from revenues of $11,013,000 for the same period last year.
 For the six months ended Sept. 30, 1993, the company reported net earnings of $2,194,000 or $.34 per common share, down 4 percent compared to net earnings of $2,295,000 or $.35 per common share for the first six months one year ago. Revenues for the six-month period were $22,527,000, a 7 percent increase from revenues of $21,113,000 for the first six months last year.
 Dr. Louis C. Cosentino, chief executive officer and president, reported, "As we previously announced on October 11, revenues and earnings for the second quarter were slightly less than plan. FDA regulatory delays have impeded our ability to introduce new products to offset flattening sales in our cardiosurgery business. because of continuing regulatory delays, we have reduced our sales growth expectations for the last half of the current fiscal year. We have also scaled down our operating expenses to a level that should improve profitability in the last six months. We view this slow down in growth as a temporary condition and we believe that we remain fundamentally strong. Each of our business segments offers favorable prospects for long-term growth."


Minntech Corporation is a leading medical device manufacturer with advanced technology in electronics, solutions, fibers and plastics. The company's core technologies are being applied to the businesses of dialysis, reprocessing/sterilants, cardiosurgery and water purification. Minntech Corporation's common stock is traded on the National Over-The- Counter market under the NASDAQ symbol MNTX.
 MINNTECH CORPORATION
 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 (Unaudited)
 (In thousands except per share amounts)
 Three months ended Six months ended
 9/30/93 9/30/92 9/30/93 9/30/92
 REVENUES
 Net sales --
 products $11,131 $10,938 $22,377 $20,963
 Contract revenues 75 75 150 150
 Total revenues 11,206 11,013 22,527 21,113
 OPERATING COSTS
 AND EXPENSES
 Cost of product
 sales 6,162 6,284 12,257 11,978
 Research and
 development 771 636 1,501 1,194
 Selling, general, and
 administrative 2,570 2,295 5,214 4,397
 Total operating costs
 and expenses 9,503 9,215 18,972 17,569
 EARNINGS FROM
 OPERATIONS 1,703 1,798 3,555 3,544
 Income from settlement
 of litigation, net
 of expenses -- 99 -- 99
 Other income
 (expense), net 21 (17) -- (18)
 EARNINGS BEFORE INCOME
 TAXES 1,724 1,880 3,555 3,625
 Income tax expense 654 696 1,361 1,330
 NET EARNINGS 1,070 1,184 2,194 2,295
 NET EARNINGS PER
 SHARE $.17 $.18 $.34 $.35
 Weighted average
 common and common
 equivalent shares 6,463 6,544 6,402 6,534
 -0- 10/19/93
 /CONTACT: Robert M. Rosner, executive vice president and treasurer of Minntech, 612-553-3300/
 (MNTX)


CO: Minntech Corporation ST: Minnesota IN: MTC SU: ERN

CP-DB -- MN025 -- 4153 10/19/93 16:09 EDT
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Date:Oct 19, 1993
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