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BALDOR ELECTRIC COMPANY REPORTS FIRST QUARTER 1993 EARNINGS RESULTS

 FORT SMITH, Ark., April 19 /PRNewswire/ -- Baldor Electric Company (NYSE: BEZ), Fort Smith-based marketer, designer, and manufacturer of electric motors and drives, today announced record sales and record earnings for the first quarter of 1993.
 BALDOR ELECTRIC COMPANY
 First Quarter Results
 (in thousands except for share data)
 Period ended March... 1993 1992 Pct. chg.
 Sales $86,547 $73,715 +17
 Earnings before income taxes 7,529 5,557 +35
 Income taxes 2,936 2,151 +36
 Net earnings 4,593 3,406 +35
 Earnings per common share .30 .22 +36
 Dividends per common share .095 .08 +19
 Average shares outstanding 15,461,294 15,123,791 + 2
 In commenting on the first quarter results, R.L. Qualls, president and CEO, stated: "We are pleased to begin 1993 with all-time records in both sales and earnings. Good leverage on additional sales and improved productivity throughout our business contributed to much better margins."
 R.S. Boreham Jr., chairman of the board, commented: "Sales of new products are strong, particularly our Super-E premium efficient motors and our drives business -- where Drives equal Motors plus Controls. We have expanded our Super-E line to include single-phase, metric frames, C-Face, and pump motors. We are now introducing new lines of AC inverter and vector drives that will contribute to growth in the coming months."
 -0- 4/19/93
 /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

BR-BN -- AT009 -- 7286 04/19/93 10:34 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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