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BALDOR ELECTRIC COMPANY ANNOUNCES FIRST QUARTER SALES AND EARNINGS

BALDOR ELECTRIC COMPANY ANNOUNCES FIRST QUARTER SALES AND EARNINGS
 FORT SMITH, Ark., April 16 /PRNewswire/ -- Baldor Electric Company (NYSE: BEZ), the Fort Smith, Ark.-based manufacturer and marketer of industrial electric motors and drives, today announced sales and earnings for the first quarter of 1992.
 First Quarter
 Period Ended March 1992 1991 Pct. Chg.
 Sales $73,715,000 $68,672,000 7
 Earnings before income taxes 5,557,000 4,993,000 11
 Income taxes 2,151,000 1,945,000 11
 Net earnings 3,406,000 3,048,000 12
 Earnings per common share .34 .31 10
 Dividends per share .12 .12 ---
 Average shares outstanding 10,082,527 9,803,273 3
 R.S. Boreham Jr., chairman and CEO, stated: "We are pleased to report first quarter record sales of $73,715,000, up 7 percent over last year. Also, net income of $3,406,000 for the quarter is up 12 percent; our earnings per share increased 10 percent on additional calculated shares outstanding compared to the same period last year.
 "One source of these favorable operating results is a significant increase in the sales of our premium Super-E energy-efficient motors. Also contributing to these results is a host of new products we have introduced in recent years. Our new large frame motors and new drives are beginning to sell well."
 -0- 4/16/92
 /CONTACT: R.S. Boreham Jr., chairman and CEO, or R.L. Qualls, president and COO, of Baldor Electric, 501-646-4711/ CO: Baldor Electric Company ST: Arkansas IN: MAC SU: ERN


EA-BR -- AT008 -- 9205 04/16/92 10:52 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:265
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