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BMC ANNOUNCES FOURTH QUARTER EARNINGS

 BMC ANNOUNCES FOURTH QUARTER EARNINGS
 MINNEAPOLIS, Feb. 18 /PRNewswire/ -- BMC Industries, Inc.


(NYSE: BMC) announced today that net earnings for the three months ended Dec. 31, 1991, were $1,963,000 or $.35 per share, compared to $729,000 or $.14 per share for the same period in 1990. Net earnings for the 12 months ended Dec. 31, 1991, were $8,243,000 or $1.48 per share, compared to $1,846,000 or $.34 per share in 1990.
 Paul B. Burke, BMC's CEO stated "We are pleased with BMC's fourth quarter results, which were in line with internal and external expectations. 1991 was a record year for BMC in terms of total net earnings, and its best year since 1982 in terms of operating earnings before profits on equipment and technology sales."
 BMC Industries, Inc., designs, manufactures and markets products in two primary business segments: precision etched components, including aperture masks, speciality circuit boards and electroformed parts; and glass, plastic and polycarbonate eyewear lenses under the Vision-Ease name.
 BMC INDUSTRIES, INC.
 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 (Unaudited) (In thousands, except per share amounts)
 Three Months Ended 12 Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net sales $54,011 $46,052 $203,185 $174,998
 Operating costs and expenses
 Cost of products sold 46,786 39,310 171,956 151,410
 Selling 2,055 2,039 8,122 8,078
 Administrative 1,234 983 5,513 3,880
 Total operating costs
 and expenses 50,075 42,332 185,591 163,368
 Income from operations 3,936 3,720 17,594 11,630
 Other (income) and expenses
 Interest expense, net 1,525 2,156 7,804 7,762
 Other (income) expense (34) 19 (229) (25)
 Earnings before income taxes 2,445 1,545 10,019 3,893
 Income taxes 482 816 1,776 2,047
 Net earnings $1,963 $729 $8,243 $1,846
 Net earnings per share $.35 $.14 $1.48 $.34
 Number of shares included in
 per share computation 5,626 5,361 5,568 5,509
 Net earnings for the three months ended Dec. 31, 1991, included $218 or $.04 per share from equipment and technology sales, compared to $663 or $.12 per share for the same period in 1990. Net earnings for the 12 months ended Dec. 31, 1991, included $4,251 or $.76 per share from equipment and technology sales, compared to $1,409 or $.26 per share in 1990. In addition, the 12 months ended Dec. 31, 1991, included a tax benefit of $700 or $.13 per share due to a new tax treaty with Germany, as well as a charge of $1,374 or $.25 per share for management transition costs. Equipment and technology net sales for the years 1991 and 1990 were $15,535 and $2,480, respectively. Fourth quarter and total-year 1991 amounts included an extra month's results from BMC's German subsidiary, which changed its year-end during 1991 from November to December, to match BMC. The effect on net sales was an increase of $3,908 over 1990, but the effect on net earnings was immaterial, because December 1991 production and sales for the German subsidiary included certain new mask designs which, as is typical for these types of masks, experienced lower yields in early production runs.
 -0- 2/18/92
 /CONTACT: Merle D. Kerr of BMC Industries, 612-851-6020/
 (BMD) CO: BMC Industries, Inc. ST: Minnesota IN: SU: ERN


DS -- MN008 -- 9879 02/18/92 11:20 EST
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