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WICOR ANNOUNCES THIRD-QUARTER RESULTS

 WICOR ANNOUNCES THIRD-QUARTER RESULTS
 MILWAUKEE, Oct. 27 /PRNewswire/ -- WICOR, Inc.(NYSE: WIC), the


Milwaukee-based parent of Wisconsin Gas Company and Sta-Rite Industries, Inc., reported a third-quarter loss of $9 million or 62 cents per share, compared with a loss of $7.5 million or 54 cents per share for the quarter a year ago.
 Stuart W. Tisdale, WICOR's chairman and chief executive officer, said the third quarter normally is a period of loss for WICOR because Wisconsin Gas Company's sales are at its lowest during the summer.
 For the first nine months of 1992, WICOR's earnings were $7.9 million on operating revenues of $490.8 million, compared with $10.8 million on operating revenues of $480.5 million for the same period a year ago. Per-share earnings were 54 cents at the nine-month mark, compared with 78 cents for the same period in 1991.
 Tisdale said the lower 1992 year-to-date earnings reflect unseasonably warm weather during the first quarter, which typically is a peak sales period for the utility.
 "WICOR's financial position remains strong, although weather and the economy have affected our short-term results," Tisdale said.
 Reporting third-quarter results for WICOR's two subsidiaries, Tisdale said Wisconsin Gas posted a third-quarter loss of $9.5 million vs. a loss of $8.2 million for the period last year. Tisdale attributed the decline to several factors, including decreased natural gas deliveries, additional interest expense on bonds issued during the fourth quarter last year, and depreciation related to the utility's expansion projects.
 Tisdale noted that the loss was partially offset by Wisconsin Gas Company's continuing efforts to cut its routine operating costs, which were down 5 percent compared with the third quarter last year.
 At Sta-Rite Industries, operating revenues of $53.2 million for the quarter increased slightly from the $52 million reported a year ago. Tisdale said Sta-Rite's pretax earnings for the quarter also were up slightly over last year's, but an income tax rate adjustment resulted in a decline in net earnings from $700,000 last year to $400,000 this year.
 Sta-Rite's international sales remained strong and helped blunt the impact of lingering recessionary conditions in the manufacturer's North American markets. Tisdale attributed some of the increase in international sales to Nocchi Pompe, an Italian pump manufacturer that Sta-Rite acquired earlier this year.
 Tisdale said efforts to cut costs and increase profitability have positioned Sta-Rite to improve when the economy recovers.
 DIVIDEND DECLARED
 The WICOR Board of Directors declared a regular quarterly dividend of 38 cents per share of WICOR common stock. The annual rate is $1.52. The dividend is payable Nov. 30, 1992, to shareholders of record on Nov. 10, 1992.
 WICOR is a Milwaukee-based holding company. Its primary subsidiaries are Wisconsin Gas Company, the state's largest distributor of natural gas; and Sta-Rite Industries, Inc., a leading manufacturer of pumps and water processing equipment for markets throughout the world.
 WICOR, INC. AND SUBSIDIARIES
 Unaudited Quarterly Results
 (Figures in millions except for per-share amounts)
 Quarter ended Year-to-date
 Sept. 30, Sept. 30,
 Operating Revenues 1992 1991 1992 1991
 Wisconsin Gas Co. $ 59.9 $ 52.8 $ 327.1 $ 314.8
 Sta-Rite Industries, Inc. 53.2 52.0 162.3 164.5
 Other 0.7 0.3 1.4 1.2
 WICOR $ 113.8 $ 105.1 $ 490.8 $ 480.5
 Net Income
 Wisconsin Gas Co. $ (9.5) $ (8.2) $ 4.5 $ 5.7
 Sta-Rite Industries, Inc. 0.4 0.7 3.6 5.0
 Other 0.1 0.0 (0.2) 0.1
 WICOR $ (9.0) $ (7.5) $ 7.9 $ 10.8
 Average Shares Outstanding
 (thousands) 14,593 13,946 14,547 13,890
 WICOR Earnings per
 Common Share $ (0.62) $ (0.54) $ 0.54 $ 0.78
 -0- 10/27/92
 /CONTACT: Kathleen S. Sieja of WICOR, Inc., 414-291-6950/
 (WIC) CO: WICOR, Inc. ST: Wisconsin IN: OIL SU: ERN DIV


KE -- DE028 -- 5567 10/27/92 15:15 EST
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Date:Oct 27, 1992
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