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AMSCO INTERNATIONAL ANNOUNCES INCREASED FIRST QUARTER EARNINGS

 AMSCO INTERNATIONAL ANNOUNCES INCREASED FIRST QUARTER EARNINGS
 PITTSBURGH, April 15 /PRNewswire/ -- AMSCO International, Inc. (NYSE: ASZ), today reported increased net sales and earnings for the first quarter ended March 29, 1992.
 Net sales for the first quarter were $92.1 million, up 8 percent from $85.7 million for this period last year. Net income was $5.6 million, up 70 percent from $3.3 million, while fully diluted earnings per share of $.18 were up 38 percent from $.13 for this quarter a year ago. Per share results reflect a 23 percent increase in average shares outstanding over the first quarter a year ago due primarily to the March 1991 public offering of AMSCO common stock. Finn-Aqua Santasalo-Sohlberg Oy, acquired on Feb. 28, 1992, contributed $2.1 million in revenues for the quarter.
 Customer orders for capital equipment, excluding Finn-Aqua, exceeded those for the same quarter last year by 28 percent, according to Chairman, President and Chief Executive Officer David A. Nelson. Nelson stated that the first quarter results reflect the transition impact on service revenues of the Jan. 1, 1992, consolidation of AMSCO's OEM and third party service businesses.
 AMSCO International is a leading provider of infection control, decontamination and surgical products and services to healthcare, scientific and industrial customers.
 AMSCO INTERNATIONAL, INC., AND SUBSIDIARIES
 Consolidated Statements of Income
 (dollars in thousands - except per share data)
 Quarter Ended March 29, 1992 March 31, 1991
 Net sales $92,135 $85,650
 Cost of sales 54,641 52,555
 Gross profit 37,494 33,095
 Marketing, general and
 administrative, R&D expenses 25,110 22,594
 Amortization expense 2,121 1,906
 Income from operations 10,263 8,595
 Interest expense 961 2,825
 Other expense, net 28 241
 Income before income taxes 9,274 5,529
 Provision for income taxes 3,685 2,247
 Net income 5,589 3,282
 Income per common share:
 Primary $.18 $.13
 Fully diluted $.18 $.13
 Weighted average common shares:
 Primary 31,741,607 25,635,659
 Fully diluted 31,751,755 25,917,389
 AMSCO INTERNATIONAL, INC., AND SUBSIDIARIES
 Consolidated Summary Balance Sheets
 (dollars in thousands)
 Period ended March 29, 1992 March 29, 1991
 Assets
 Cash $5,278 $6,764
 Accounts receivable 87,585 121,149
 Inventories 60,825 39,905
 Other current assets 5,111 2,410
 Total current assets 158,799 170,228
 Property, plant & equipment, net 76,519 67,511
 Intangibles and other assets 123,017 87,913
 Total assets 358,335 325,652
 Liabilities and stockholders'
 equity
 Current portion of long-term
 indebtedness 7,667 9,098
 Other current liabilities 76,857 79,848
 Total current liabilities 84,524 88,946
 Long-term indebtedness 56,833 28,683
 Deferred income taxes and
 other long-term liabilities 13,198 10,145
 Stockholders' equity 203,780 197,878
 Total liabilities and
 stockholders' equity 358,335 325,652
 -0- 4/15/92
 /CONTACT: Anthony Lacenere, vice president-financial affairs, AMSCO International, 412-338-6519/
 (ASZ) CO: AMSCO International, Inc. ST: Pennsylvania IN: MTC SU: ERN


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Date:Apr 15, 1992
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