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NCH CORPORATION REPORTS NINE MONTHS SALES AND EARNINGS

 IRVING, Texas, March 3 /PRNewswire/ -- NCH Corporation today reported sales and earnings for the quarter and nine months ended Jan. 31, 1993.
 Sales for the quarter ended Jan. 31, 1993, were $168.7 million compared with $173.0 million reported last year. Operating income declined by 27 percent to $12.6 million from $17.2 million in the prior year, while income before taxes decreased 21 percent to $13.0 million from $16.5 million in the prior year. Net income for the quarter was $7.7 million compared to $10.2 million in the same quarter last year. Earnings per share were $.92 compared with $1.24 reported in the same period last year.
 Sales for the nine months were $513.2 million compared with the $502.7 million reported last year. Operating income declined by 12 percent to $46.4 million from $52.6 million in the prior year, while income before taxes only decreased 8 percent due to a reduction in non- operating expenses of net interest and revaluation of foreign currencies from the prior year. Net income for the nine months was $28.5 million compared with $31.7 million reported last year. Earnings per share were $3.44 compared with $3.84 earned last year.
 NCH CORPORATION
 Comparative Earnings Statement
 (In Thousands Except Per Share Data)
 Periods ended Jan. 31 Three Months Ended Nine Months Ended
 1993 1992 1993 1992
 Net Sales $168,736 $172,957 $513,200 $502,739
 Operating Income 12,551 17,195 46,419 52,619
 Income Before Income Taxes 12,982 16,464 48,145 52,400
 Provision For Income Taxes 5,329 6,229 19,628 20,731
 Net Income 7,653 10,235 28,517 31,669
 Earnings Per Share .92 1.24 3.44 3.84
 Average Number of Shares
 Outstanding 8,302 8,264 8,291 8,256
 NOTE: These figures subject to year-end audit.
 -0- 3/3/93
 /CONTACT: Joe Cleveland of NCH Corporation, 214-438-0251/
 (NCH)


CO: NCH Corporation ST: Texas IN: CHM SU: ERN

TM -- NY085 -- 2693 03/03/93 18:22 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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