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BMC INDUSTRIES REPORTS SECOND QUARTER RESULTS

 BMC INDUSTRIES REPORTS SECOND QUARTER RESULTS
 MINNEAPOLIS, July 16 /PRNewswire/ -- BMC Industries, Inc.


(NYSE: BMC) announced today net earnings for the three months ended June 30, 1992, of $2,934,000 or $.52 per share. This compared on an equivalent basis to $1,995,000 or $.35 per share for the same period in 1991. Net earnings for the six months ended June 30, 1992 were $3,660,000 or $.64 per share, compared on the same equivalent basis to $2,372,000 or $.43 per share in 1991.
 The above comparisons exclude from the prior year's results net earnings from equipment and technology sales of $3,928,000 or $.70 per share and $4,035,000 or $.73 per share for the second quarter of 1991 and the six months ended June 30, 1991, respectively, as well as a charge of $1,374,000 or $.24 per share in the second quarter of 1991 for management transition expenses.
 Reported prior year's net earnings including these two items were $4,549,000 or $.81 per share for the first quarter of 1991, and $5,033,000 or $.92 per share for the first six months of 1991.
 BMC Industries, Inc. designs, manufactures and markets products in two primary business segments: precision-etched components, including aperture masks, specialty 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 Six Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Net sales $46,525 $62,150 $93,732 $106,640
 Operating costs and expenses
 Cost of products sold 38,939 49,803 79,749 88,018
 Selling 2,111 2,001 4,166 4,082
 Administrative 946 2,234 2,436 3,305
 Total operating costs
 and expenses 41,996 54,038 86,351 95,405
 Income from operations 4,529 8,112 7,381 11,235
 Other (income) and expenses
 Interest expense 1,706 2,084 3,558 4,313
 Interest (income) (51) (90) (146) (137)
 Foreign exchange (gains)
 losses (508) 123 (261) 102
 Earnings before income taxes 3,382 5,995 4,230 6,957
 Income tax provision 448 1,446 570 1,924
 Net earnings $2,934 $4,549 $3,660 $5,033
 Net earnings per share $.52 $.81 $.64 $.92
 Number of shares included in
 per-share computation 5,645 5,619 5,724 5,490
 NOTE: Net sales and net earnings for the three months ended June 30, 1991, included $14,754 and $3,928, respectively, from the sale of equipment and technology.
 Net earnings for the three months ended June 30, 1991, also included a charge of $1,374 for management transition expenses.
 Net sales and net earnings for the six months ended June 30, 1991, included $15,019 and $4,035, respectively, from the sale of equipment and technology.
 -0- 7/16/92
 /CONTACT: Merle D. Kerr of BMC, 612-851-6020/
 (BMC) CO: BMC Industries, Inc. ST: Minnesota IN: SU: ERN


KH -- MN005 -- 9665 07/16/92 11:33 EDT
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Date:Jul 16, 1992
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