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WEAN INCORPORATED REPORTS NINE MONTHS 1992 RESULTS

 WEAN INCORPORATED REPORTS NINE MONTHS 1992 RESULTS
 PITTSBURGH, Oct. 14 /PRNewswire/ -- Wean Incorporated (NYSE: WID)


reported a loss of $6,995,000 for the first nine months of 1992 on sales of $27,661,000.
 This compares to a profit of $3,189,000, including a tax loss carryforward credit of $758,000, on sales of $58,663,000 for the same period in 1991.
 The third quarter reflected a loss of $2,439,000 on sales of $8,960,000, compared to a third quarter 1991 profit of $1,028,000, which included a $359,000 tax loss carryforward credit, on sales of $14,854,000.
 The backlog of orders at Sept. 30, 1992, amounted to $39,000,000, compared to $30,000,000 at June 30, 1992 and $28,000,000 at Sept. 30, 1991.
 R.J. Wean III, president and chief executive officer, said "The results for the third quarter continue to reflect the relatively low level of activity in the company's operations. The low backlog of orders at the beginning of 1992, combined with the disappointing level of new orders during the first nine months of this year is due to a continuing deferral of most major capital expenditures by our domestic and international customers. Inquiries for future projects, however, have remained good during this period. We continue to take those steps necessary to position the company to benefit from an anticipated upturn in the level of activity in the marketplace."
 WEAN INCORPORATED
 Consolidated Statement of Earnings
 Period Ended Three Months Nine Months
 Sept. 30(A) 1992 1991 1992 1991
 Sales $8,960 $14,854 $27,661 $58,663
 Earnings (loss) before
 income taxes (2,462) 1,095 (7,257) 3,830
 Income taxes (benefit) (23) 426 (262) 1,399
 Earnings (loss) before
 extraord. item (2,439) 669 (6,995) 2,431
 Extraordinary item -- 359 -- 758
 Net earnings (loss) (2,439) 1,028 (6,995) 3,189
 Earnings (loss) per
 common share(B)
 Before extraord. item $(0.83) $0.18 $(2.38) $0.67
 On extraord. item -- $0.12 -- $0.25
 After extraord. item $(0.83) $0.30 $(2.38) $0.92
 Earnings (loss) per
 common share assuming
 full dilution(C)
 Before extraord. item $(0.83) $0.18 $(2.38) $0.67
 After extraord. item $(0.83) $0.30 $(2.38) $0.92
 (A) Amounts stated in thousands except per share data
 (B) Based on weighted average number of shares outstanding (3,088,449 for the quarter and nine months ended Sept. 30, 1992; and 3,088,355 for the quarter and 3,088,346 for the nine months ended Sept. 30, 1991, respectively) after giving effect to the preferred stock dividend requirement.
 (C) Assuming conversion at the beginning of the period of the 5-1/2 percent convertible subordinated debentures.
 -0- 10/14/92
 /CONTACT: R.J. Wean III, president and CEO of Wean Incorporated, 412-456-5300/
 (WID) CO: Wean Incorporated ST: Pennsylvania, Ohio IN: MNG SU: ERN


CD-DC -- PG015 -- 0075 10/14/92 16:47 EDT
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Date:Oct 14, 1992
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