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COOPER EXPECTS TO RESUME EARNINGS INCREASES IN 1993 DESPITE CHALLENGING MARKET CONDITIONS

 CHICAGO, March 31 /PRNewswire/ -- Cooper Industries, Inc. (NYSE: CBE) expects to resume earnings growth in 1993 despite challenging market conditions, according to H. John Riley Jr., president and chief operating officer. "Our early view is that share earnings will be up about 5 percent, year to year," Riley said. Riley spoke at a company-sponsored meeting of financial analysts at Cooper's new lighting education and information center near Chicago.
 In 1992, Cooper recorded its first decline in earnings in nine years. Share earnings dipped 4 percent to $2.90, before the adoption of changes in accounting principles. Adjusted for the current-year effects of the accounting changes, share earnings were $2.71.
 "We are operating in uncertain economic times," Riley explained. "The domestic economy is recovering at a slower pace than expected, and weakness in the petroleum equipment market has spread worldwide. It now appears that the rebound will come later than we originally had anticipated. As a result, quarterly earnings will be lower than 1992 levels during the first half of this year. They should increase, year to year, during the second half of 1993."
 Recent modest recovery in the domestic economy has had a favorable effect on some of Cooper's operations, including electrical and automotive products, tools, drapery hardware and industrial machinery, Riley noted. "We expect these operations to record earnings increases for the year."
 "The market for electrical power equipment remains depressed," Riley explained. "Our petroleum equipment businesses also continue to be impaired by a further decline in the oil and gas industry. We are adjusting all of these operations to current conditions, and they should improve their performance over the balance of the year, even in this challenging environment."
 Longer-term, Riley said, the company remains focused on developing new markets, productivity improvements, investments in new technology to improve manufacturing methods, and further training of its workforce to maintain its competitiveness on a global basis.
 Other management presentations at the meeting of financial analysts reviewed the strategy for Cooper's Automotive Products segment. The recent acquisition of Moog Automotive Group makes Cooper the leading supplier of automotive replacement products.
 Cooper Industries, with 1992 revenues of $6.2 billion, is a diversified, worldwide manufacturer of electrical products, electrical power equipment, tools and hardware, automotive products, and petroleum and industrial equipment.
 -0- 3/31/93
 /CONTACT: Ellen H. Myers, director, corporate communications of Cooper Industries, Inc., 713-739-5423/
 (CBE)


CO: Cooper Industries, Inc. ST: Texas IN: SU:

PS -- NY052 -- 1533 03/31/93 13:02 EST
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Date:Mar 31, 1993
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