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DRESSER EXPECTS STRONG FOURTH QUARTER; ALSO SETS DATE FOR SPECIAL SHAREHOLDER MEETING AND DECLARES DIVIDEND

 DALLAS, Nov. 18 /PRNewswire/ -- Dresser Industries, Inc. (NYSE: DI) indicated today that the company's fourth quarter earnings would be better than previously anticipated. The company expects fourth quarter earnings to be approximately $0.45 - $0.47 per share. Earnings for the full year, excluding previously recorded special charges, will be approximately $1.20 - $1.25 per share.
 According to Dresser's Chairman and Chief Executive Officer, John J. Murphy, "Fourth quarter results have benefited from a very strong final quarter for Dresser-Rand, our majority-owned compressor joint venture, strong results from our oilfield services businesses and an income tax benefit related to the implementation of the new tax law."
 The company said that final earnings for the year will be reported in early December.
 Mr. Murphy also commented that the Baroid merger is moving ahead on schedule. The Board set a date for a special shareholder meeting to vote on that merger. The vote to approve the merger is scheduled to take place on Jan. 12, 1994 for shareholders of record on Nov. 22, 1993.
 In addition, Dresser's board of directors today declared a quarterly dividend of $0.15 per share on the company's common stock payable Dec. 20, 1993 to shareholders of record on Dec. 1, 1993.
 Headquartered in Dallas, Dresser is a leading supplier of highly engineered products and services utilized in hydrocarbon energy-related activities throughout the world.
 -0- 11/18/93
 /CONTACT: Donald R. Galletly of Dresser Industries, Inc., 214-740-6757/
 (DI)


CO: Dresser Industries, Inc. ST: Texas IN: OIL SU: ERP

LD -- NY102 -- 6226 11/18/93 16:35 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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