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TAMBRANDS REPORTS RECORD RESULTS FOR 1992

 WHITE PLAINS, N.Y., Feb. 2 /PRNewswire/ -- Tambrands Inc. (NYSE: TMB) reported today that sales and earnings for 1992 reached record high levels.
 Net earnings of $121,400,000 were 54 percent higher than 1991 earnings of $79,035,000. Earnings per share of $3.06 were 59 percent higher than 1991 earnings per share of $1.92. Net sales also established a historic high, reaching $684,113,000 compared to $660,722,000 in 1991.
 Martin F. C. Emmett, chairman and chief executive officer of Tambrands, said, "The record year resulted from the successful completion of our worldwide restaging of Tampax tampons. The results are truly gratifying, and they reflect the efforts of all our employees worldwide."
 The company reported a one-time charge of $1,009,000 after tax, or $.03 per share, representing the effect of adopting Statement of Financial Accounting Standards No. 106 as of Jan. 1, 1992. Without this charge, earnings per share would have been $3.09 in 1992. SFAS 106 requires changes in the accounting for the costs of certain postretirement benefits. Excluding this charge and the one-time manufacturing restructuring charge of $30,348,000 in 1991, earnings per share increased 24 percent from 1991 to 1992.
 Net sales in the fourth quarter of 1992 were $165,312,000, compared to sales of $173,884,000 in the same period of 1991. Net earnings in the fourth quarter of 1992 were $31,099,000, compared to $3,892,000 after the manufacturing restructuring charge in the fourth quarter of 1991. Earnings per share in the fourth quarter of 1992 were $.80, compared to $.09 per share in the same period of 1991. The 1992 divestitures of the Maxithins pad business in the United States and other non-tampon businesses in Brazil and Mexico affected the quarter- to-quarter and year-to-year comparisons of net sales.
 Tambrands manufactures Tampax(R) tampons and markets them in over 135 countries around the world.
 A summary of consolidated operating results for the three months and year ended Dec. 31, 1992 follows:
 TAMBRANDS INC.
 Consolidated Income Statement
 (In thousands, except per share figures)
 Periods ended Three Months Pct. 12 Months Pct.
 Dec. 31 1992 1991 Chng. 1992 1991 Chng.
 Net sales $165,312 $173,884 (5) $684,113 $660,722 4
 Cost of products
 sold 54,021 58,862 (8) 228,081 242,567 (6)
 Gross profit 111,291 115,022 (3) 456,032 418,155 9
 Selling, admin.
 and general:
 Marketing, selling
 and distribution 44,397 54,785 (19) 193,477 194,646 (1)
 Administrative
 and general 19,640 16,144 22 67,823 63,027 8
 Restructuring and
 other charges -- 30,348 -- -- 30,348 --
 Total 64,037 101,277 (37) 261,300 288,021 (9)
 Operating income 47,254 13,745 -- 194,732 130,134 50
 Interest, net
 and other 815 (256) -- (2,869) 1,691 --
 Earns. bef. taxes
 and cum. effect of
 accounting changes 48,069 13,489 -- 191,863 131,825 46
 Provision for taxes 16,970 9,597 77 69,454 52,790 32
 Net earnings before
 cumulative effect of
 accounting changes 31,099 3,892 -- 122,409 79,035 55
 Cumulative effect of
 accounting changes -- -- -- (1,009) -- --
 Net earnings $ 31,099 $ 3,892 -- $121,400 $ 79,035 54
 Per common share:
 Earnings before
 cum. effect of
 accounting changes $0.80 $0.09 -- $ 3.09 $1.92 61
 Cumulative effect of
 accounting changes -- -- -- (0.03) -- --
 Net earnings $0.80 $0.09 -- $ 3.06 $1.92 59
 Average shares
 outstanding 39,040 40,974 39,640 41,216
 -0- 2/2/93
 /CONTACT: Paul E. Konney, senior vice president of Tambrands, 914-696-6688/
 (TMB)


CO: Tambrands Inc. ST: New York IN: HOU SU: ERN

GK-OS -- NY010 -- 1709 02/02/93 09:41 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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