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AMERICAN FILTRONA REPORTS RESULTS

 RICHMOND, Va., July 22 /PRNewswire/ -- American Filtrona Corporation (NASDAQ-NMS: AFIL) reported today that results for the first half of 1993 compared to the same 1992 period were: net sales of $76.7 million, up 3 percent from $74.3 million; pretax income of $4.8 million, up 20 percent from $4.0 million; net income of $3.0 million, up 17 percent from $2.6 million; and earnings per share of 81 cents, up 17 percent from 69 cents.
 For the second quarter this year compared with the corresponding 1992 period, net sales of $40.1 million were up 6 percent from $37.9 million; pretax income of $2.5 million was up 11 percent from $2.3 million; net income of $1.6 million was up 9 percent from $1.5 million; and earnings per share of 43 cents were up 10 percent from 39 cents.
 The operating results within the three business segments were comparable to those of the first quarter. A strong performance in the plastics segment compensated for another weak showing in bonded fibers because of lower sales. However, bonded fibers performance was considerably better than the first quarter of this year. Higher earnings by the plastic extrusion companies were bolstered by the continued turnaround at Filpac. The industrial filtration segment earnings also improved compared with last year's second quarter.
 Unaudited amounts (in thousands) for the three months and six months ended June 30 follow:
 AMERICAN FILTRONA CORPORATION
 Three Months Six Months
 1993 1992 1993 1992
 Net sales $40,106 $37,921 $76,679 $74,326
 Investment and
 other income 168 222 333 427
 Total revenues 40,274 38,143 77,012 74,753
 Costs and expenses 37,739 35,869 72,249 70,782
 Income before
 income taxes 2,535 2,274 4,763 3,971
 Income taxes 925 800 1,750 1,400
 Net income $ 1,610 $ 1,474 $ 3,013 $ 2,571
 Average shares
 outstanding 3,726 3,716 3,723 3,713
 Earnings per share $ 0.43 $ 0.39 $ 0.81 $ 0.69
 -0- 7/22/93
 /CONTACT: John L. Morgan or John D. Barlow Jr. of American Filtrona Corporation, 804-346-2400/
 (AFIL)


CO: American Filtrona Corporation ST: Virginia IN: SU: ERN

DC-MH -- DC018 -- 4588 07/22/93 13:17 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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