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ACUSON CORP. REPORTS 3RD QUARTER 1992 RESULTS

 ACUSON CORP. REPORTS 3RD QUARTER 1992 RESULTS
 MOUNTAIN VIEW, Calif., Oct. 21 /PRNewswire/ -- Acuson Corp.


(NYSE: ACN), a leading manufacturer and international marketer of premium quality medical diagnostic ultrasound systems, today announced the results for the third quarter ended Sept. 26, 1992.
 Sales for the third quarter were $84,466,000 compared to $85,572,000 reported in the year-earlier period. Net income for the quarter was $7,089,000 compared to net income of $15,198,000 and earnings per share were 22 cents per share compared to 41 cents per share for the same period a year earlier.
 For the nine months ended Sept. 26, 1992, sales were $259,199,000 compared to $246,410,000 for the first nine months of 1991. Net income was $30,878,000 compared to $43,027,000 and earnings per share were 89 cents compared to $1.17.
 Earlier this year, the Board of Directors authorized the repurchase of up to 8,000,000 shares of Acuson common stock over an unspecified period of time. Acuson may make repurchases from time to time in the open market or through selected block purchases. As of Sept. 26, the company had repurchased 5,057,000 shares, and there were 30,707,683 shares of Acuson common stock outstanding.
 Acuson Corp.
 Condensed Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 Sept. 26, Sept. 28, Sept. 26, Sept. 28,
 1992 1991 1992 1991
 Net sales $ 84,466 $ 85,572 $259,199 $246,410
 Cost of sales 35,023 33,756 105,274 97,404
 Gross profit 49,443 51,816 153,925 149,006
 Operating expenses:
 Selling, general and
 administrative 27,373 21,522 77,496 62,320
 Product
 Development 12,766 8,323 33,757 24,005
 Total operating
 expenses 40,139 29,845 111,253 86,325
 Income from
 operations 9,304 21,971 42,672 62,681
 Interest income,
 net 1,948 2,306 6,342 6,187
 Income before
 provision for
 income taxes 11,252 24,277 49,014 68,868
 Provision for
 income taxes 4,163 9,079 18,136 25,841
 Net income 7,089 15,198 30,878 43,027
 Earnings per share 0.22 0.41 0.89 1.17
 Weighted average
 common and common
 equivalent shares
 outstanding 32,836 36,946 34,548 36,839
 Condensed Consolidated Balance Sheets
 (Unaudited; In thousands)
 Sept. 26, Dec. 31,
 ASSETS 1992 1991
 Current Assets
 Cash & short-term investments $ 67,352 $ 154,398
 Accounts receivable 84,811 80,729
 Inventories 42,809 35,590
 Prepaid expenses and other 19,161 16,619
 Total current assets 214,133 287,336
 Property and Equipment
 At cost net of accumulated
 depreciation and amortization
 of $55,020 in 1992
 and $43,764 in 1991 52,482 39,777
 Other Assets
 Net investment in leases 13,962 7,337
 Other long-term assets 2,856 1,691
 Total Assets $ 283,433 $ 336,141
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current Liabilities
 Accounts payable $ 19,680 $ 14,654
 Accrued liabilities 48,238 45,248
 Total current liabilities $ 67,918 $ 59,902
 Long-term Liabilities
 Deferred income taxes -- long-term 3,863 3,877
 Stockholders' Equity
 Common Stock
 Authorized -- 50,000 shares
 Outstanding -- 30,708 shares in
 1992 and 35,414 shares in 1991 71,270 77,245
 Cumulative translation adjustment 137 197
 Retained earnings 140,245 194,920
 Total stockholders' equity 211,652 272,362
 Total liabilities
 and stockholders' equity $ 283,433 $ 336,141
 -0- 10/21/92
 /CONTACT: Robert J. Gallagher, chief financial officer of Acuson, 415-694-5017/
 (ACN) CO: Acuson Corp. ST: California IN: MTC SU: ERN


GT -- SJ004 -- 2700 10/21/92 09:02 EDT
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Date:Oct 21, 1992
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