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AMSCO INTERNATIONAL ANNOUNCES INCREASED SECOND QUARTER AND FIRST HALF EARNINGS

 AMSCO INTERNATIONAL ANNOUNCES
 INCREASED SECOND QUARTER AND FIRST HALF EARNINGS
 PITTSBURGH, July 15 /PRNewswire/ -- AMSCO International Inc. (NYSE: ASZ) today reported increased net sales and earnings for both the second quarter and first half ended June 28, 1992.
 Net sales for the second quarter were $122.0 million, up 30 percent from $93.7 million for this period last year. Net income was $8.5 million, up 33 percent from $6.4 million, while fully diluted earnings per share of $.27 were up 29 percent from $.21 for this quarter a year ago. Revenues from Finn-Aqua Santasolo-Sohlberg Oy (Finn-Aqua) acquired on Feb. 28, 1992, contributed $13.5 million or 14 percent points of the sales growth for the quarter.
 Net sales for the first six months of 1992 totaled $214.1 million, up 19 percent over the $179.4 million reported for the same period last year. First half net income grew 45 percent to $14.1 million or $.45 per share, fully diluted, from the $9.7 million or $.34 per share earned in this period of 1991. Per share results for the first half of 1992 reflect a 12 percent increase in average shares outstanding over this period a year ago due primarily to the March 26, 1991, public offering of AMSCO common stock. Finn-Aqua revenues of $15.6 million for the four months since acquisition represented 9 percent points of the first half sales growth.
 Gross profit as a percentage of net sales for AMSCO businesses, excluding Finn-Aqua, were 41.4 percent and 41.2 percent for the second quarter and first half of 1992, respectively, compared to 40.3 percent and 39.5 percent for these periods last year, according to AMSCO Chairman and CEO David A. Nelson. Nelson stated that eventually Finn-Aqua is expected to produce margins comparable to AMSCO's other businesses and that this international opportunity was successfully evolving consistent with AMSCO's global strategy.
 AMSCO International is a leading provider of infection control, decontamination and surgical products and services to healthcare, scientific and industrial customers.
 /delval/
 -0- 7/15/92
 /CONTACT: Anthony Lacenere, vice president-financial affairs, of AMSCO, 412-338-6519/
 /FIRST AND FINAL ADD -- TABULAR MATERIAL -- TO FOLLOW/
 (ASZ) CO: AMSCO International Inc. ST: Pennsylvania IN: HEA MTC SU: ERN


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Publication:PR Newswire
Date:Jul 15, 1992
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