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CONMED ANNOUNCES SECOND QUARTER 1992 EARNINGS

 CONMED ANNOUNCES SECOND QUARTER 1992 EARNINGS
 UTICA, N.Y., July 16 /PRNewswire/ -- CONMED Corporation


(NASDAQ: CNMD) today reported quarterly net income of $1,249,000 for the second quarter ended June 1992, an increase of 46.4 percent over the $853,000 earned in the second quarter of 1991. Earnings per share were $.29 compared to $.26 for the same period in 1991, an 11.5 percent increase. Sales increased to $11,070,000, a 14.3 percent increase from the $9,682,000 recorded in the second quarter 1991.
 For the six months ended June 26, 1992 compared with the first six months of 1991, net income increased 55.6 percent to $2,506,000 from $1,611,000, sales increased 18.8 percent to $21,568,000 from $18,149,000 and earnings per share increased 14.0 percent to $.57 from $.50.
 Eugene R. Corasanti, chairman of the board and president, said, "The second quarter of 1992 had the highest level of quarterly sales in our company's history. It was also a period in which we experienced increased expenses due to planned increases in sales and marketing activities.
 "These activities included the introduction of additional products for minimally invasive surgery at several medical exhibitions. However, sale of these products are not reflected in current sales due to delays in F.D.A. approvals and to manufacturing start-up matters. We currently expect that these products will be available for sale by the end of the third quarter and in the fourth quarter of 1992."
 CONMED is a manufacturer of electrosurgery and other medical products used primarily in hospital operating rooms and other critical care areas. The company distributes its products worldwide from manufacturing and warehousing facilities in Utica, N.Y. and Denver.
 CONMED CORPORATION
 Earnings Report - Second Quarter 1992
 (In thousands, except per share data)
 (Unaudited)
 For the three months ended
 June 26, June 28,
 1992 1991
 Net sales $11,070 $ 9,682
 Cost and expenses:
 Cost of sales 5,804 5,202
 Selling and administrative 3,050 2,697
 Research and development 397 290
 Total operating expenses 9,251 8,189
 Income from operations 1,819 1,493
 Interest income
 (expense), net 73 (181)
 Income before taxes 1,892 1,312
 Provision for income taxes 643 459
 Net income $ 1,249 $ 853
 Weighted common shares and
 equivalents 4,361 3,311
 Earnings per share $ .29 $ .26
 For the six months ended
 June 26, June 28,
 1992 1991(A)
 Net sales $21,568 $18,149
 Cost and expenses:
 Cost of sales 11,341 9,727
 Selling and administrative 5,840 5,025
 Research and development 750 563
 Total operating expenses 17,931 15,315
 Income from operations 3,637 2,834
 Interest income
 (expense), net 160 (355)
 Income before taxes 3,797 2,479
 Provision for income taxes 1,291 868
 Net income $ 2,506 $ 1,611
 Weighted common shares and
 equivalents 4,419 3,253
 Earnings per share $ .57 $ .50
 (A) Includes the Techswitch electrosurgical disposable product line from Feb. 28, 1991, the date of acquisition.
 -0- 7/16/92
 /CONTACT: Robert D. Shallish of CONMED Corporation, 315-797-8375, Ext. 2219/
 (CNMD) CO: CONMED Corporation ST: New York IN: MTC SU: ERN


KK -- CL005 -- 9909 07/16/92 09:44 EDT
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Date:Jul 16, 1992
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