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AMSCO INTERNATIONAL ANNOUNCES FIRST QUARTER SALES AND EARNINGS

 PITTSBURGH, April 21 /PRNewswire/ -- AMSCO International, Inc. (NYSE: ASZ) today reported increased sales and orders for the first quarter ended April 4, 1993 and earnings consistent with analysts' consensus estimates.
 Net sales for the first quarter rose 20 percent to $111.0 million from $92.1 million for this period last year. Full-quarter participation by the company's Finn-Aqua subsidiary, acquired at the end of February last year, accounted for 6 percentage points of the consolidated sales growth for the period.
 Net income of $3.1 million, or $.10 per share, reflected the company's developmental investment in its AMSCO Sterile Recoveries, Inc. subsidiary, which had a $3.2 million net after-tax loss, or $.10 per share. First quarter 1992 net income was $5.2 million, or $.16 per share, before the cumulative effect of a change in accounting related to post-retirement benefits.
 Customer orders for capital equipment exceeded those for the same quarter last year by 26 percent. First quarter backlog increased 21 percent over year-end 1992, from $84.6 million to $102.1 million, compared with $106.4 million for the first quarter 1992.
 "Our base business continued to perform to our expectations," said David A. Nelson, chairman, president and chief executive officer. "We are committed to using our core strengths to position the company for future growth. AMSCO Sterile Recoveries is an important component of that strategy, and we're willing to balance the short-term earnings impact against our longer term goals."
 Nelson added that, as a result of continued investment in Sterile Recoveries, 1993 earnings per share are likely to approximate the prior year level.
 Pittsburgh-based AMSCO International is a leading provider of infection control, decontamination and surgical products and services to health care, scientific and industrial customers.
 AMSCO INTERNATIONAL, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (Dollars in Thousands - Except Per Share Data)
 Quarter Ended April 4, 1993 March 29, 1992
 Net sales $111,002 $92,135
 Operating costs and expenses:
 Cost of sales 67,652 54,746
 Gross profit 43,350 37,389
 Marketing, general & administrative
 and R&D expense 33,051 25,634
 Amortization expense 2,265 2,121
 Income from operations 8,034 9,634
 Other income and expenses:
 Interest expense 2,994 930
 Other (income) expense, net (544) 51
 Income before income taxes and
 cumulative effect of change in
 accounting 5,584 8,653
 Provision for income taxes 2,440 3,440
 Income before cumulative effect of
 change in accounting 3,144 5,213
 Cumulative effect on prior years of
 change in accounting for postretirement
 benefits, (net of taxes) -- 24,219
 Net income 3,144 $(19,006)
 Income per common share:
 Primary:
 Income before cumulative effect of
 change in accounting $0.10 $0.16
 Cumulative effect of change in
 accounting -- $(0.76)
 Net income $0.10 $(0.60)
 Weighted average shares outstanding 31,804,318 31,741,607
 Fully diluted:
 Income before cumulative effect of
 change in accounting $0.10 $0.16
 Cumulative effect of change in
 accounting -- $(0.76)
 Net income $0.10 $(0.60)
 Weighted average shares outstanding 31,865,274 31,751,755
 AMSCO INTERNATIONAL, INC. AND SUBSIDIARIES
 Consolidated Summary Balance Sheets
 (Dollars in Thousands)
 Periods Ended April 4, 1993 Jan. 3, 1993
 Cash and cash equivalents $18,088 $16,035
 Marketable securities 40,772 39,935
 Accounts receivable 120,987 147,799
 Inventories 82,132 70,220
 Other current assets 3,240 3,589
 Total current assets 265,219 277,578
 Tangible assets held for lease, net 21,150 18,158
 Property, plant and equipment, net 101,188 99,321
 Intangibles and other assets 112,692 117,369
 Deferred income taxes 8,971 9,680
 Total assets 509,220 522,106
 Liabilities and stockhod?ers' equity:
 Current portion of long-term
 indebtedness $2,205 $1,142
 Other current liabilities 77,995 92,832
 Total current liabilities 80,200 93,974
 Long-term indebtedness 166,173 166,519
 Other long-term liabilities 11,916 11,839
 Postretirement benefit obligation 40,031 40,031
 Stockholders' equity 210,900 209,743
 liabilities and stockholders'
 equity 509,220 522,106
 -0- 4/21/93
 /CONTACT: Anthony M. Lacenere, vice president-financial affairs, of AMSCO International, 412-338-6519/
 (ASZ)


CO: AMSCO International, Inc. ST: Pennsylvania IN: MTC SU: ERN

KC-CD -- PG008 -- 8519 04/21/93 09:09 EDT
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Date:Apr 21, 1993
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