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MINNTECH CORPORATION REPORTS THIRD QUARTER EARNINGS

 MINNTECH CORPORATION REPORTS THIRD QUARTER EARNINGS
 MINNEAPOLIS, Jan. 23 /PRNewswire/ -- Minntech Corporation


(NASDAQ: MNTX) reported today net earnings of $1,014,000 or $.15 per common share for the third quarter ended Dec. 31, 1991, up 24 percent compared to net earnings of $815,000 or $.13 per common share for the third quarter last year. Revenues for the third quarter were $9,100,000, up 22 percent from revenues of $7,437,000 for the same period last year.
 For the nine months ended Dec. 31, 1991, the company reported net earnings of $2,612,000 or $.40 per common share, up 20 percent compared to net earnings of $2,169,000 or $.34 per common share for the first nine months one year ago. Revenues for the nine month period were $25,156,000, a 21 percent increase from revenues of $20,707,000 for the first nine months last year.
 Dr. Louis C. Cosentino, president, reported, "Our record-breaking third quarter results are slightly ahead of forecast. We experienced very strong growth in our Cardiosurgery business. Our sales momentum should continue through year end. Our after-tax profitability rose to just over 11 percent.
 "We are also pleased to announce an exclusive hollow fiber supply agreement has been signed with Organon Teknika B.V., a division of Akzo Chemical Company. This agreement will provide us with long-term growth for our hollow fiber manufacturing operations. We should begin to see the major revenue effects of this agreement late next year."
 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 OPERATIONS
 (Unaudited)
 (In thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Revenues:
 Net sales -- products $9,100 $7,437 $25,156 $20,707
 Contract revenues --- --- --- ---
 Total revenues 9,100 7,437 25,156 20,707
 Operating costs and expenses:
 Cost of product sales 5,137 4,368 14,192 12,369
 Research and development 508 465 1,574 1,189
 Selling, general and
 administrative 1,942 1,408 5,297 3,926
 Total operating costs
 and expenses 7,587 6,241 21,063 17,484
 Earnings from operations 1,513 1,196 4,093 3,223
 Income from settlement of
 litigation, net of expenses 111 --- 111 ---
 Other income (expense), net (24) 65 (106) 118
 Earnings before income
 taxes 1,600 1,261 4,098 3,341
 Income taxes 586 446 1,486 681
 Net earnings $1,014 $815 $2,612 $2,169
 Net earnings per share $.15 $.13 $.40 $.34
 Weighted average common and
 common equivalent shares 6,678 6,417 6,608 6,354
 -0- 01/23/92
 /CONTACT: Robert M. Rosner of Minntech, 612-553-3300/
 (MNTX) CO: Minntech Corporation ST: Minnesota IN: MTC SU: ERN


KH -- MN007 -- 2747 01/23/92 11:23 EST
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Date:Jan 23, 1992
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