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FISHER SCIENTIFIC INTERNATIONAL ANNOUNCES QUARTERLY EARNINGS

 FISHER SCIENTIFIC INTERNATIONAL ANNOUNCES QUARTERLY EARNINGS
 HAMPTON, N.H., Oct. 26 /PRNewswire/ -- Net income of Fisher Scientific International Inc. (NYSE: FSH) for the three months ended Sept. 30, 1992, rose to $8.3 million, or 52 cents per share, compared with a net loss of $4.7 million, or 31 cents per share, in the third quarter of last year, which included a $20 million ($12 million, net of tax) restructuring charge.
 Sales of the oldest and largest supplier of instruments, equipment and other products to the scientific community in North America were $210.9 million, up 5.7 percent from sales of $199.5 million in the corresponding period of last year. Adjusting for a one-time, third quarter 1991 shipment of $6.6 million of laboratory furniture and equipment to Kuwait, sales in the latest period increased 9.3 percent.
 "Our excellent results reflect a continuation of substantial sales growth, particularly in the rapidly expanding life-sciences and environmental markets, as well as strong demand for consumable products in all markets," Paul M. Montrone, president and chief executive officer, said.
 For the first nine months of 1992, net income was $19.7 million, or $1.26 per share, compared with $3.2 million, or 21 cents per share, in the first three quarters of last year. Sales were $608.5 million compared with $558.7 million, a gain of 8.9 percent despite a decline in Canadian sales resulting from general economic conditions, as well as the effect of the Kuwaiti order on 1991 sales.
 FISHER SCIENTIFIC INTERNATIONAL INC.
 FINANCIAL HIGHLIGHTS
 (in millions, except per share data)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Sales $210.9 $199.5 $608.5 $558.7
 Cost of sales 144.5 137.6 415.3 382.3
 Selling, general and
 administrative expense 51.9 48.3 154.0 144.7
 Income from operations before
 restructuring charge and
 postretirement benefit costs
 other than pensions 14.5 13.6 39.2 31.7
 Restructuring charge --- 20.0 --- 20.0
 Postretirement benefit costs
 other than pensions 1.5 1.3 4.4 3.9
 Income (loss) from operations 13.0 (7.7) 34.8 7.8
 Interest and other (income)
 expense, net (1.6) .6 (.2) 1.4
 Income (loss)
 before income taxes 14.6 (8.3) 35.0 6.4
 Income tax provision (benefit) 6.3 (3.6) 15.3 3.2
 Net income (loss) $8.3 $(4.7) $19.7 $3.2
 Net earnings (loss) per
 common share 52 cents (31 cents) $1.26 21 cents
 Weighted average common
 shares outstanding 16.0(a) 15.0(b) 15.7(a) 15.0(b)
 (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.
 (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- 10/26/92
 /CONTACT: Norman Ritter of Fisher Scientific, 603-929-2322/
 (FSH) CO: Fisher Scientific ST: New Hampshire IN: SU: ERN


CN -- NE016 -- 4753 10/26/92 11:55 EST
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Date:Oct 26, 1992
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