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BETZ LABORATORIES, INC. REPORTS SECOND QUARTER SALES AND EARNINGS

 TREVOSE, Pa., July 23 /PRNewswire/ -- Betz Laboratories, Inc. (NYSE: BTL), an international company which produces and markets specialty chemical treatment programs for water, wastewater and process systems, today reported that second quarter net sales decreased by 2 percent from $175.9 million to $171.5 million.
 Net earnings declined 8 percent from $20.4 million to $18.8 million. Primary and fully diluted earnings per common share both declined 9 percent from $.67 to $.61 and $.64 to $.58, respectively. Sales for the six-month period ending June 30, 1993, decreased 3 percent from $351.5 million to $340.0 million. Net earnings declined 4 percent from $40.5 million to $38.9 million. The company's 1993 six-month net earnings includes a one-time credit recorded in the first quarter in the amount of $900,000 resulting from changes in the method of accounting for income taxes and retiree health benefits. Primary earnings per common share declined 5 percent from $1.33 to $1.26 and fully diluted earnings per common share declined 6 percent from $1.27 to $1.20. Both primary and fully diluted earnings per common share through six months include a positive $.03 as a result of changes in accounting methods.
 Commenting on results of operations, John F. McCaughan, chairman and chief executive officer, said, "Our second quarter results reflect continuing weaknesses in the industrial sector of the economy. Although operating rates are gradually improving within the chemical, refining and paper industries, some customers are taking an ultra-conservative approach to spending for our treatment programs to meet short-term cost control initiatives. On a combined basis, our foreign operations posted positive sales gains in local currencies during the second quarter; however, when translated to U.S. dollars, foreign sales were unchanged from last year.
 "Within the U.S., Betz Entec, Inc., Betz Process Chemicals, Inc. and the Betz MetChem Division reported modest sales gains for the quarter. Betz Entec experienced strong increases in sales of its cooling water treatment programs to commercial and institutional establishments partially as the result of an unusually warm weather pattern during the second quarter. Betz Energy Chemicals, Inc. reported an impressive increase in sales of its oil field chemical treatment programs, despite the fact that crude oil production within the U.S. fell to a 35-year low during the first half of 1993. New business gained by Betz Industrial, our largest operating unit, was more than offset by reduced consumption levels at existing accounts as customers continue to strive for immediate savings to improve profit margins."
 BETZ LABORATORIES, INC.
 Consolidated Statements of Operations
 (In thousands, except per-share amounts)
 Periods ended Three months Six months
 June 30 1993 1992 1993 1992
 Net sales $171,472 $175,850 $339,967 $351,523
 Operating costs and expenses:
 Cost of products sold 58,760 60,704 117,677 121,523
 Selling, research and
 administrative expenses 82,907 82,626 162,490 165,346
 Total 141,667 143,330 280,167 286,869
 Operating earnings 29,805 32,520 59,800 64,654
 Other income (expense):
 Investment and other income 780 882 2,026 1,752
 Interest expense (11) (191) (54) (235)
 Total 769 691 1,972 1,517
 Earnings before income taxes
 and cumulative effect of
 accounting changes 30,574 33,211 61,772 66,171
 Income taxes 11,771 12,820 23,782 25,674
 Net earnings before
 cumulative effect of
 accounting changes 18,803 20,391 37,990 40,497
 Cumulative effect of
 accounting changes:
 Income taxes --- --- 3,600 ---
 Retiree health care, net
 of $1,700 income taxes --- --- (2,700) ---
 Net earnings 18,803 20,391 38,890 40,497
 Primary earnings per
 common share:
 Before cumulative effect of
 accounting changes $.61 $.67 $1.23 $1.33
 Accounting changes --- --- .03 ---
 Primary earnings per
 common share .61 .67 1.26 1.33
 Fully diluted earnings per
 common share:
 Before cumulative effect of
 accounting changes $.58 $.64 $1.17 $1.27
 Accounting changes --- --- .03 ---
 Fully diluted earnings
 per common share .58 .64 1.20 1.27
 Average number of common shares:
 Primary 28,673 28,493 28,783 28,517
 Fully diluted 31,413 31,239 31,519 31,266
 /delval/
 -0- 7/23/93
 /CONTACT: R. Dale Voncanon, vp-finance of Betz Laboratories, 215-355-3300/
 (BTL)


CO: Betz Laboratories, Inc. ST: Pennsylvania IN: SU: ERN

CC-MJ -- PH009 -- 5095 07/23/93 11:24 EDT
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Date:Jul 23, 1993
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