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DIONEX REPORTS RESULTS FOR THIRD FISCAL QUARTER

 SUNNYVALE, Calif., April 15 /PRNewswire/ -- Dionex Corp. (NASDAQ: DNEX) today announced revenues and earnings for its third fiscal quarter ended March 31, 1993.
 Sales for the quarter were $26,651,000, a 6-percent increase over the $25,083,000 reported in the same period last year. Had currency rates been the same as in last year's third quarter, sales growth would have been 9 percent. Net income was $4,279,000, or 53 cents per share, in the third quarter of fiscal 1993, an increase of 13 percent in earnings per share over the 47 cents per share reported a year ago.
 For the nine months ended March 31, 1993, sales totaled $78,579,000, up 11 percent from the $70,644,000 reported for the same period of fiscal 1992. If currency rates had remained the same as the first nine months of the prior year, sales growth would have been 10 percent. Net income for the first three quarters of fiscal 1993 rose to $12,058,000, or $1.49 per share, a 15-percent increase in earnings per share over the same period last year.
 Net income and earnings per share reflect the company's ongoing stock repurchase programs under which 300,500 shares of Dionex common stock were repurchased during the first nine months of fiscal 1993. In fiscal 1992, the company repurchased 284,600 shares.
 Commenting on these results, A. Blaine Bowman, Dionex president and chief executive officer, said, "During the third quarter, we achieved solid results in a difficult market environment. As in recent past quarters, our performance was led by healthy growth in selected international markets while weak economic conditions held back our growth in North America. While we are concerned with the continued recession in several of our important markets, we are continuing to expand the range of applications for our technology and making important investments in new product development," concluded Bowman.
 Dionex Corp. is a leading manufacturer and marketer of chromatography systems for chemical analysis. The company's systems are used in environmental analysis and by the chemicals, petrochemicals, life sciences, power generation and electronics industries in a wide variety of applications.
 DIONEX CORP.
 CONSOLIDATED STATEMENTS OF INCOME
 (Unaudited, in thousands except per share amounts)
 Three Months Ended Nine Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 Net sales $26,651 $25,083 $78,579 $70,644
 Cost of sales 8,193 7,926 24,214 22,459
 Gross profit 18,458 17,157 54,365 48,185
 Operating expenses
 Selling, general and
 administrative 9,682 9,665 30,219 27,243
 Research and product
 development 2,559 2,092 6,815 5,980
 Total operating expenses 12,241 11,757 37,034 33,223
 Operating income 6,217 5,400 17,331 14,962
 Interest income, net 316 472 1,078 1,511
 Income before taxes
 on income 6,533 5,872 18,409 16,473
 Taxes on income 2,254 1,973 6,351 5,683
 Net income $ 4,279 $ 3,899 $12,058 $10,790
 Net income per common
 and equivalent share $0.53 $0.47 $1.49 $1.30
 Common and equivalent
 shares used in computing
 per share amounts 8,081 8,270 8,091 8,302
 -0- 4/15/93
 /CONTACT: Eric J. Keller of Dionex, 408-481-4106/
 (DNEX)


CO: Dionex Corp. ST: California IN: CHM SU: ERN

JW-GT -- SJ007 -- 6444 04/15/93 16:31 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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