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FISHER SCIENTIFIC INTERNATIONAL REPORTS FINANCIAL RESULTS

 FISHER SCIENTIFIC INTERNATIONAL REPORTS FINANCIAL RESULTS
 HAMPTON, N.H., Jan. 31 /PRNewswire/ -- Net income of Fisher Scientific International Inc. (NYSE: FSH) for the three months ended Dec. 31, 1991 rose to $4.5 million, or 30 cents per share, from net income of $3.1 million, or 21 cents per share, for the corresponding period of 1990.
 Aided by strong gains in sales of biotechnology, environmental testing and safety products as well as higher exports, Fisher's fourth quarter 1991 sales gained 13 percent to $199 million from sales of $176.7 million for the last three months of 1990.
 Paul M. Montrone, president and chief executive officer, said, "Fisher's excellent performance resulted from strong from demand in our growth markets and improvements in customer service. We expect to continue to build on our strong systems capabilities as we accelerate the introduction of new products in the life science, environmental testing and worker-safety markets and maintain leadership positions in our traditional markets."
 For all of 1991, Fisher's net income was $7.7 million, or 51 cents per share, compared with the net income of $11.1 million, or 74 cents per share, for 1990. The 1991 results included a restructuring charge of $20 million (approximately $12 million, or 80 cents per share, net of tax) taken in the third quarter. Sales in 1991 were $757.7 million compared with $704.8 million the previous year.
 Fisher, which became a public company last December as the result of an initial public offering of 8.5 million of its common shares, is the oldest and largest supplier of instruments, equipment and other products to the research and testing markets in North America. Fisher provides a selection of over 100,000 products to more than 90,000 scientific, educational, medical research and government laboratories and other facilities.
 FISHER SCIENTIFIC INTERNATIONAL INC.
 Financial Highlights
 (In millions, except per share amounts)
 Three Months Ended Year Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Sales $199.0 $176.7 $757.7 $704.8
 Income from operations
 before restructuring
 charge and postretirement
 benefit costs other than
 pensions $11.5 $8.9 $43.2 $32.5
 Restructuring charge(a) --- --- 20.0 ---
 Postretirement benefit
 costs other than
 pensions 1.3 1.2 5.2 5.0
 Income from operations 10.2 7.7 18.0 27.5
 Interest and other
 other expense, net 0.9 1.3 2.3 5.0
 Income before income
 taxes 9.3 6.4 15.7 22.5
 Income tax provision 4.8 3.3 8.0 11.4
 Net income $4.5 $3.1 $7.7 $11.1
 Earnings per common
 share 30 cents 21 cents 51 cents 74 cents
 Weighted average common
 shares outstanding(b) 15.0 15.0 15.0 15.0
 ----
 NOTE: (a) During the third quarter of 1991 Fisher recorded a $20 million (approximately $12 million, net of tax - or 80 cents per share) restructuring charge related to a program to improve the operation of Fisher's distribution system through the selective consolidation, relocation and expansion of its warehouse facilities.
 (b) Assumes that the 15 million shares of Common Stock issued in connection with the December 1991 initial public offering of Fisher Scientific International Inc. were outstanding for all periods presented.
 -0- 1/31/92
 /CONTACT: Norman Ritter of The Henley Group, 603-929-2322/
 (HENG) CO: Fisher Scientific International Inc. ST: New Hampshire IN: SU: ERN


SH-DD -- NE002 -- 5492 01/31/92 09:07 EST
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Date:Jan 31, 1992
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