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TRANZONIC REPORTS NINE MONTH EARNINGS UP 15 PERCENT

 TRANZONIC REPORTS NINE MONTH EARNINGS UP 15 PERCENT
 CLEVELAND, Dec. 27 /PRNewswire/ -- The Tranzonic Companies


(AMEX: TNZ) today reported net income of $3,841,800, or $1.09 per share, for the nine months ended Nov. 30, up 15 percent over the $3,346,300, or 95 cents per share, earned a year earlier. Current fiscal year nine-month sales were $82,501,200 versus $81,071,200 last year.
 The Cleveland-based manufacturer/distributor of paper, cloth and vinyl products said that nine month operating income rose to a record $6,555,300, up 21 percent from the $5,412,100 of a year earlier. The nine-month gain in earnings was largely attributable to effective cost containment which produced an operating margin of 7.9 percent in the current year compared to 6.7 percent last year.
 Tranzonic said that efficiencies in its two largest operating divisions, the Personal Care Division and the Industrial Textiles Division, contributed most to the improvement in margins.
 Net income for the third quarter ended Nov. 30 amounted to $1,225,400, or 35 cents per share, on sales of $27,698,300. In the same period last year, the company earned $1,266,900, or 37 cents per share, on sales of $27,160,800. The company said that while third quarter net income declined somewhat from a year earlier, operating income was up slightly, reflecting the continued emphasis on expense containment. The company noted that from the standpoint of earnings, last year's third quarter was the strongest quarter of the year.
 The company said continued slow sales growth in the third quarter appeared to reflect sensitivity to current economic conditions.
 The company reported that its Personal Care Division, which manufactures and distributes personal hygiene products, benefited from good sales of relatively new product lines, including adult incontinent briefs and toilet seat covers, in the current year's nine months and third quarter, but that sales of industry-oriented divisions were adversely affected by the recession. Tranzonic's Industrial Textiles Division supplies industrial wiping products and its Industrial Packaging Division produces spiral-wound paper tubes and cores for industry.
 Results for neither year include the operations of Pressing Supply Company, purchased at the beginning of the current year's fourth quarter. Pressing Supply, one of the nation's largest manufacturers of high quality ironing board pads and covers, joins the company's Housewares Division, which designs, produces and markets laundry accessories, closet organization products, personal travel organizers and cedar storage units.
 THE TRANZONIC COMPANIES
 (Unaudited)
 Three Months
 Period ended November 30 1991 1990
 Sales $27,698,300 $27,160,800
 Earnings before income taxes 1,950,400 1,993,900
 Income taxes 725,000 727,000
 Net earnings 1,225,400 1,266,900
 Per share amounts:
 Net earnings $.35 $.37
 Dividends:
 Per common share .04 .04
 Per class B common share .08 .07
 Average common, Class B common & common
 equivalent shares outstanding 3,550,652 3,394,738
 Nine Months
 Period ended November 30 1991 1990
 Sales $82,501,200 $81,071,200
 Earnings before income taxes 6,341,800 5,256,300
 Income taxes 2,500,000 1,910,000
 Net earnings 3,841,800 3,346,300
 Per share amounts:
 Net earnings $1.09 $.95
 Dividends:
 Per common share .12 .12
 Per class B common share .21 .21
 Average common, Class B common & common
 equivalent shares outstanding 3,535,667 3,529,208
 -0- 12/27/91
 /CONTACT: Michael J. Gannon of The Tranzonic Companies, 216-831-5757/
 (TNZ) CO: The Tranzonic Companies ST: Ohio IN: HOU SU: ERN


KK -- CL004 -- 5500 12/27/91 14:29 EST
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Date:Dec 27, 1991
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