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FISHER SCIENTIFIC INTERNATIONAL REPORTS RESULTS

 FISHER SCIENTIFIC INTERNATIONAL REPORTS RESULTS
 HAMPTON, N.H., July 27 /PRNewswire/ -- Net income of Fisher


Scientific International Inc. (NYSE: FSH) for the three months ended June 30, 1992 rose 27.4 percent to $6.5 million, or 41 cents per share, from net income of $5.1 million, or 34 cents per share, in the second quarter of last year.
 Fisher, the oldest and largest supplier if instruments, equipment and other products to the scientific community in North America, posted second-quarter 1992 sales of $201.8 million, an increase of 8.6 percent from sales of $185.8 million in the corresponding period of 1991.
 Paul M. Montrone, president and chief executive officer, said the earnings improvement primarily reflected increased sales volume. The sales gain resulted from a broadly based increase in customer demand despite weak economic conditions in many of the company's markets, he said.
 For the first six months of 1992, net income increased 44.3 percent to $11.4 million, or 73 cents per share, from $7.9 million, or 53 cents per share, in the first half of last year. Sales gained 10.7 percent to $397.6 million from $359.2 million in the first half of 1991.
 FISHER SCIENTIFIC INTERNATIONAL INC.
 FINANCIAL HIGHLIGHTS
 (in millions, except per share amounts)
 Three Months Ended Six Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Sales $201.8 $185.8 $397.6 $359.2
 Cost of sales 138.2 126.0 270.8 244.7
 Selling, general and
 administrative expense 50.9 48.8 102.1 96.4
 Income from operations before
 postretirement benefit costs
 other than pensions 12.7 11.0 24.7 18.1
 Postretirement benefit costs
 other than pensions 1.5 1.3 2.9 2.6
 Income from operations 11.2 9.7 21.8 15.5
 Interest and other (income)
 expense, net (.1) .2 1.4 .8
 Income before income taxes 11.3 9.5 20.4 14.7
 Income tax provision 4.8 4.4 9.0 6.8
 Net income $6.5 $5.1 $11.4 $7.9
 Net earnings per common
 share 41 cents 34 cents 73 cents 5.3 cents
 Weighted average common
 shares outstanding 16.0(a) 15.0(b) 15.6(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 (NASDAQ: HENG) 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- 7/27/92
 /CONTACT: Norman Ritter of Fisher Scientific, 603-929-2249/
 (FSH HENG) CO: Fisher Scientific ST: New Hampshire IN: MTC SU: ERN


DD -- NE007 -- 3388 07/27/92 09:47 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
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