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BALDOR ELECTRIC COMPANY REPORTS 1992 YEAR-END AUDITED RESULTS

 FORT SMITH, Ark., Feb. 8 /PRNewswire/ -- Baldor Electric Company (NYSE: BEZ), Fort Smith, Ark.-based marketer, designer and manufacturer of electric motors and drives, today announced record sales and earnings for the fourth quarter and for fiscal year 1992.
 BALDOR ELECTRIC CO.
 Fourth Quarter
 (In thousands except per share data)
 Period ended December 1992 1991 Pct. chg.
 Sales $85,483 $71,321 20
 Earnings before income taxes 6,797 4,285 59
 Income taxes 2,675 1,659 61
 Net earnings 4,122 2,626 57
 Earnings per common share .27 .17 59
 Dividends per common share .095 .08 19
 Average shares outstanding 15,418,975 15,001,653 3
 Year
 (In thousands except per share data)
 Period ended December 1992 1991 Pct. chg.
 Sales $318,930 $286,495 11
 Earnings before income taxes 24,973 19,449 28
 Income taxes 9,709 7,527 29
 Net earnings 15,264 11,922 28
 Earnings per common share 1.00 .80 25
 Dividends per common share .348 .32 9
 Average shares outstanding 15,266,529 14,922,978 2
 In commenting on the year-end results, R.S. Boreham Jr., chairman of the board and chairman of the executive committee, stated: "These all-time records in both sales and earnings give us confidence that we are back on the growth path. New products, combining design and marketing innovations, helped create these good results."
 -0- 2/8/93
 /CONTACT: R.S. Boreham Jr., chairman of the board and chairman of the executive committee, or R.L. Qualls, president and chief executive officer, of Baldor Electric, 501-646-4711/
 (BEZ)


CO: Baldor Electric Company ST: Arkansas IN: MAC SU: ERN

RA-BN -- AT009 -- 4115 02/08/93 12:25 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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