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BMC INDUSTRIES REPORTS THIRD QUARTER RESULTS

 BMC INDUSTRIES REPORTS THIRD QUARTER RESULTS
 MINNEAPOLIS, Oct. 15 /PRNewswire/ -- BMC Industries, Inc.


(NYSE: BMC) announced today net earnings for the three months ended Sept. 30, 1992 of $898,000 or $.16 per share. This compared on an equivalent basis to $549,000 or $.10 per share for the same period in 1991. Net earnings for the nine months ended Sept. 30, 1992 were $4,558,000 or $.80 per share, compared on an equivalent basis to $3,030,000 or $.55 per share in 1991.
 Equivalent results for the prior year's third quarter exclude a tax benefit of $700,000 or $.12 per share from a reduction of previously recorded liabilities for withholding taxes on future repatriation of earnings from BMC's German subsidiary, due to a withholding-rate reduction in a new tax treaty with Germany, ratified in the third quarter of 1991. $591,000 or $.11 per share of this amount related to years prior to 1991, and was therefore excluded from equivalent results for the prior year's nine months. Equivalent results for the prior year's nine months also exclude net earnings from equipment and technology sales of $4,033,000 or $.73 per share, as well as a charge of $1,374,000 or $.25 per share for management transition expenses.
 Reported prior year's net earnings including the above items were $1,247,000 or $.22 per share for the third quarter of 1991, and $6,280,000 or $1.13 per share for the first nine 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 Nine Months Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Net sales $42,795 $42,534 $136,527 $149,174
 Operating costs and expenses
 Cost of products sold 37,798 37,152 117,547 125,170
 Selling 1,908 1,985 6,074 6,067
 Administrative 817 974 3,253 4,279
 Total operating costs and
 expenses 40,523 40,111 126,874 135,516
 Income from operations 2,272 2,423 9,653 13,658
 Other (income) and expenses
 Interest expense 1,708 2,224 5,266 6,537
 Interest (income) (64) (121) (210) (258)
 Foreign exchange (gains) (12) (297) (273) (195)
 Earnings before income taxes 640 617 4,870 7,574
 Income tax provision (benefit) (258) (630) 312 1,294
 Net earnings $898 $1,247 $4,558 $6,280
 Net earnings per share $.16 $.22 $.80 $1.13
 Number of shares included in
 per share computation 5,932 5,667 5,793 5,549
 Note: Net earnings for the three months ended Sept. 30, 1991 included a tax benefit of $700 or $.12 per share from a reduction of previously recorded liabilities for withholding taxes on future repatriation of earnings from BMC's German subsidiary, due to a withholding-rate reduction in a new tax treaty with Germany, ratified in the third quarter of 1991. $591,000 or $.11 per share of this amount related to years prior to 1991.
 Net sales and net earnings for the first nine months of 1991 included, in addition to the tax benefit mentioned above, $15,115,000 and $4,033,000 and $.73 per share, respectively, from the sale of equipment and technology, as well as a charge of $1,374,000 or $.25 per share for management transition costs.
 -0- 10/15/92
 /CONTACT: Merle D. Kerr of BMC Industries, 612-851-6020/
 (BMC) CO: BMC Industries, Inc. ST: Minnesota IN: SU: ERN


AL -- MN011 -- 0404 10/15/92 12:10 EDT
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Date:Oct 15, 1992
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