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BALDOR ELECTRIC COMPANY REPORTS RECORD EARNINGS

 BALDOR ELECTRIC COMPANY REPORTS RECORD EARNINGS
 FORT SMITH, Ark., July 16 /PRNewswire/ -- Baldor Electric Company


(NYSE: BEZ), the Fort Smith, Ark.-based manufacturer and marketer of industrial electric motors and drives, today announced record sales and record earnings for the second quarter and first six months of 1992.
 BALDOR ELECTRIC COMPANY
 2nd qtr. period ended 6/27 1992 1991 Pct. chg.
 Sales $ 80,027,679 $ 75,141,781 6.5
 Earnings before income taxes 6,579,992 5,589,877 17.7
 Income taxes 2,545,999 2,151,000 18.4
 Net earnings 4,033,993 3,438,877 17.3
 Net earnings per common share 0.40 0.35 14.3
 Dividends per common share 0.13 0.12 8.3
 Average shares outstanding 10,132,508 9,953,895 1.8
 6 mos. period ended 6/27 1992 1991 Pct. chg.
 Sales $153,743,130 $143,814,154 6.9
 Earnings before income taxes 12,137,219 10,582,750 14.7
 Income taxes 4,697,000 4,096,000 14.7
 Net earnings 7,440,219 6,486,750 14.7
 Net earnings per common share 0.74 0.66 12.1
 Dividends per common share 0.25 0.24 4.2
 Average shares outstanding 10,109,792 9,880,595 2.3
 Roland S. Boreham Jr., chairman and CEO of Baldor, stated: "We're very pleased with this growth in a tough environment. This improvement came mainly from new products, both motors and drives. Margins improved considerably. In addition to sales growth, much of this profit improvement came from better expense control."
 -0- 7/16/92
 /CONTACT: R.S. Boreham Jr., chairman and CEO, or R.L. Qualls, president and COO of Baldor Electric, 501-646-4711/
 (BEZ) CO: Baldor Electric Company ST: Arkansas IN: MAC SU: ERN


EA-BN -- AT008 -- 9735 07/16/92 12:18 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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