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BIO-RAD LABORATORIES ANNOUNCES FIRST QUARTER RESULTS

 HERCULES, Calif., April 27 /PRNewswire/ -- Bio-Rad Laboratories Inc. (AMEX: BIO.A and BIO.B), announced that sales were $80.5 million in the first quarter of 1993 as compared with $83.6 million reported in 1992. Excluding the impact of foreign exchange rates in 1993 compared to 1992 and the disposition of certain business units in 1992, first quarter sales would have been level with the prior year. Earnings per share were 41 cents in 1993, compared to 44 cents in the prior year. The earnings comparison reflects spending increases for anticipated sales growth. A positive development was improvement in the performance of the Analytical Instruments segment reflecting restructuring undertaken in 1992. Gains from the sale of marketable securities also contributed approximately 25 cents to earnings per share.
 Operating income was $5 million in 1993 compared to $9.8 million in 1992, reflecting planned spending increases in Life Science and Clinical Diagnostics in anticipation of the continuation of historical trends in sales growth. Improved expense control in Analytical Instruments resulted in cost reductions in that segment. Expense control measures are being implemented in all business segments to improve profitability for the remainder of 1993.
 Bio-Rad Laboratories is a multinational manufacturer and distributor of research products, clinical diagnostics and analytical instruments, based in Hercules.
 BIO-RAD LABORATORIES INC.
 OPERATING RESULTS
 (In thousands, except per-share data)
 First Quarter
 Ended March 31,
 1993 1992
 Sales $ 80,504 $ 83,555
 Income from operations 4,993 9,820
 Net income 3,245 3,507
 Earnings per share $ 0.41 $ 0.44
 Weighted average shares 7,960 7,903
 -0- 4/27/93
 /CONTACT: James L. Viglienzone, treasurer of Bio-Rad Laboratories, 510-724-7000, ext. 5697/
 (BIO.A BIO.B)


CO: Bio-Rad Laboratories Inc. ST: California IN: MTC SU: ERN

ML-SG -- SF015 -- 1705 04/27/93 19:56 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:300
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