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PREMIER POSTS RECORD FIRST QUARTER RESULTS

 CLEVELAND, Sept. 21 /PRNewswire/ -- Record first quarter revenues and earnings were reported today by Premier Industrial Corporation (NYSE: PRE).
 For the three months ended Aug. 31, 1993, earnings per share rose to $.26, up 8 percent from $.24 per share the previous year. Net earnings were $22,080,000 compared with $20,551,000 last year. Operating revenues increased 7 percent to $177,758,000 from $166,818,000 in the comparable period in fiscal 1993.
 Commenting on these results, Premier Chairman Morton L. Mandel said, "We expect our business to be good in fiscal 1994, and to once again set new records."
 Premier is a full-service business-to-business supplier of electronic components for industrial and consumer products, essential maintenance and repair products for industrial, commercial and institutional applications, and a manufacturer of high-performance fire- fighting equipment.
 PREMIER INDUSTRIAL CORPORATION
 Revenues and Earnings (Unaudited)
 For 3 Months Ended
 Aug. 31
 1993 1992
 Operating Revenues $177,758,000 $166,818,000
 Earnings Before Income Taxes $ 34,475,000 $ 32,590,000
 Net Earnings $ 22,080,000 $ 20,551,000
 Net Earnings Per Common Share (A) $ .26 $ .24
 Common Shares and Common Stock
 Equivalents Outstanding
 (average)(A) 86,384,601 86,670,858
 (A) -- Adjusted to reflect a 3-for-2 stock split effective Dec. 23, 1992.
 -0- 9/21/93
 /CONTACT: Grant C. Grinnell of Premier Industrial Corporation, 216-391-8300/
 (PRE)


CO: Premier Industrial Corporation ST: Ohio IN: CPR AUT SU: ERN

KL -- CL018 -- 4121 09/21/93 11:29 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
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