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CABOT MEDICAL ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES STOCK DIVIDEND

 LANGHORNE, Pa., June 1 /PRNewswire/ -- CABOT MEDICAL CORP. (NASDAQ-NMS: CBOT) today announced financial results for the second quarter and first half of fiscal year 1993 and declared a stock dividend payable on July 2 to shareholders of record as of June 18, 1993.
 Net sales for the second quarter of 1993 were up 42 percent to $17,825,000 compared to $12,564,000 in the second quarter of 1992. Net earnings for the second quarter were $518,000 or $.06 per share compared to the previous year's net earnings of $680,000 or $.08 per share.
 For the first half of 1993, net sales were up 53 percent to $35,919,000, compared to $23,411,000 in the first half of 1992. Net earnings for the first half of 1993 were $1,241,000 or $.15 per share, compared to $1,376,000 or $.17 per share in the same period last year.
 The company also announced a dividend in the form of additional shares of CABOT MEDICAL common stock equivalent to 10 percent of holdings for all CABOT MEDICAL shareholders of record as of June 18, 1993. The payment date will be July 2, 1993.
 Commenting on the results for this period, Warren Wood, Chairman and CEO, stated: "Operating results for this period were impacted by the uncertainty associated with the new health care reform proposals and the slowdown in orders as hospitals and physicians attempt to understand the potential impact of the changes in the system. The uncertainty, which continues, is shared by all companies in our industry, and has translated into a softening of our markets, as hospitals and health care professionals adopt a wait-and-see attitude with regard to purchases of new equipment. At the same time, sales of our procedure based disposable devices continue at a satisfactory level. We see this slowdown in our business as a temporary situation which will be self correcting as the elements of the reform proposal become more apparent."
 CABOT MEDICAL develops, manufactures and markets medical devices and systems for use in diagnostic and surgical procedures in gynecology, urology, general surgery and family practice.
 CABOT MEDICAL CORP.
 CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
 ($000)
 Three Months Ended Six Months Ended
 May 1, May 2, May 1, May 2,
 1993 1992 1993 1992
 Net Sales $17,825 $12,564 $35,919 $23,411
 Cost of Sales 7,058 5,995 14,041 11,141
 Gross Profit 10,767 6,569 21,878 12,270
 Operating Exp. 8,415 4,949 16,700 9,290
 Oper. Income 2,352 1,620 5,178 2,980
 Interest and
 Other, Net 1,394 427 2,792 566
 Pretax Earn. 958 1,193 2,386 2,414
 Net Earnings $514 $680 $1,241 $1,376
 Net Earnings per Common
 Share and Common Share
 Equivalents
 Primary $.06 $.08(A) $.15 $.17
 Fully Diluted $.06 $.08(A) $.15 $.17
 Weighted average number
 of Common shares and
 Common Share equivalents
 Primary 8,297,098 8,080,430 8,337,757 8,080,104
 Fully
 Diluted 8,297,098 8,080,430 8,338,062 8,080,537
 (A) Earnings per share data have been retroactively restated for all periods presented to show the affect of previous stock dividends.
 Net Sales and net earnings for the three months and six months ended May 2, 1992 do not reflect the result of an acquisition which occurred on July 29, 1992.
 /delval/
 -0- 6/1/93
 /CONTACT: Marvin Sharfstein of Cabot Medical, 215-752-8300/
 (CBOT)


CO: Cabot Medical Corp. ST: Pennsylvania IN: MTC SU: ERN DIV

JM -- PH014 -- 3863 06/01/93 10:35 EDT
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Date:Jun 1, 1993
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