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FISHER SCIENTIFIC FOURTH-QUARTER NET INCOME UP 58 PERCENT

 HAMPTON, N.H., Feb. 1 /PRNewswire/ -- Fisher Scientific International Inc. (NYSE: FSH) for the three months ended Dec. 31, 1992 achieved net income of $7.1 million, or 43 cents per share, up 58 percent from net income of $4.5 million, or 30 cents per share, in the fourth quarter of 1991, when gross margins and net interest income were lower.
 Fisher, the oldest and largest provider of instruments equipment and other products to the scientific community in North America, had sales for the latest period of $205.3 million, a gain of 3.2 percent from sales of $199 million for the last three months of 1991.
 Fourth-quarter and full-year results reflect continued sales and income growth in the company's domestic operations partially offset by a decline in sales and income in Fisher's Canadian operations, owing to general economic conditions in Canada and to adverse currency exchange fluctuations compared with 1991.
 For all of 1992, the company had net income of $26.8 million, an increase of 36 percent from income of $19.7 million (excluding the $12 million after-tax effect of a restructuring charge) for 1991. Earnings per fully diluted common share for 1992 were $1.65, compared with earnings per common share of $1.31 for 1991, excluding the 80-cents-per- share effect of the restructuring charge.
 Fisher for the first time reported fully diluted net earnings per common share in the fourth quarter of 1992 based on an increased number of shares that would have been outstanding assuming conversion of outstanding stock options. Full-year 1992 sales increased to $813.8 million from $757.7 million the previous year, a gain of 7.4 percent.
 Paul M. Montrone, president and chief executive officer, said Fisher continued to benefit from strong demand for consumables in all markets and excellent customer acceptance of specialized products serving the life-sciences and environmental markets.
 FISHER SCIENTIFIC INTERNATIONAL INC.
 FINANCIAL HIGHLIGHTS
 (in millions, except per share data)
 Three Months Ended Year Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Sales $205.3 $199.0 $813.8 $757.7
 Cost of sales 140.1 137.5 555.4 519.8
 Selling, general and
 administrative expense 52.2 50.0 206.2 194.7
 Income from operations bef.
 restructuring charge and
 postretirement benefit
 costs other than pensions 13.0 11.5 52.2 43.2
 Restructuring charge -- -- -- 20.0
 Postretirement benefit costs
 other than pensions 1.6 1.3 6.0 5.2
 Income from operations 11.4 10.2 46.2 18.0
 Interest and other (income)
 expense, net (1.0) .9 (1.2) 2.3
 Income before income taxes 12.4 9.3 47.4 15.7
 Income tax provision 5.3 4.8 20.6 8.0
 Net income $7.1 $4.5 $26.8 $7.7
 Weighted average common
 shares outstanding:
 Primary 16.4(a) 15.0(b) 16.1(a) 15.0(b)
 Fully diluted 16.5(a) 15.0(b) 16.3(a) 15.0(b)
 Net earnings per common
 share:
 Primary 43 cents 30 cents $1.66 51 cents
 Fully diluted 43 cents 30 cents $1.65 51 cents
 (a) Reflects the exercise of an underwriters' over-allotment option of 975,000 shares in connection with The Henley Group, Inc's March 18, 1992 sale of its remaining 6.5 million shares of Fisher common stock. Primary and fully diluted net earnings per common share amounts for the quarter and year ended Dec. 31, 1992 are based on an increased number of shares that have been outstandin ?assuming conversion of outstanding stock options.
 (b) Assumes that the 15 million shares of common stock outstanding following the December 1991 initial public offering of Fisher Scientific International Inc. were outstanding for all periods during 1991.
 -0- 2/1/93
 /CONTACT: Norman Ritter of Fisher Scientific, 603-929-2322/
 (FSH)


CO: Fisher Scientific International Inc. ST: New Hampshire IN: MTC,CPR SU: ERN

CH -- NE019 -- 6647 02/01/93 16:17 EST
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Date:Feb 1, 1993
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