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GELMAN SCIENCES REPORTS HIGHEST QUARTERLY EARNINGS IN COMPANY HISTORY

 ANN ARBOR, Mich., Nov. 11 /PRNewswire/ -- Gelman Sciences Inc. (AMEX: GSC) today reported all-time record earnings of $898,000 for its first fiscal quarter of 1994, ended Oct. 31, 1993. Fiscal first-quarter net earnings increased by 41 percent over the previous year's $638,000. Company Chairman and Chief Executive Officer Charles Gelman said that the continuing strong order rate and aggressive programs to improve productivity, reduce costs and bring new products to market will continue to strengthen sales and earnings throughout the year. First- quarter primary earnings were $.33 per share compared with $.25 for the same period of the prior year. Primary earnings per share for the first quarter of fiscal 1994 are based on an increased number of shares outstanding. Net sales for the first quarter of fiscal 1994 were $22.3 million, up 7 percent from the prior year's $20.9 million.
 Mr. Gelman said that the company continues to experience increasing demand across all segments of its business. During the second quarter, the company will begin shipping orders for several new intravenous fluid filtration products introduced for use in the home health care market and hospitals. Gelman Sciences intravenous filter sales increased over 32 percent worldwide in fiscal year 1993. The company projects continued high growth in this market segment throughout its current fiscal year.
 Gelman Sciences is a leading manufacturer of microfiltration products used in laboratory research, high technology process industries and the medical health care field. Headquartered in Ann Arbor, Gelman Sciences has subsidiaries in Australia, Canada, France, Germany, Ireland, Italy, Japan and the United Kingdom.
 GELMAN SCIENCES INC.
 Comparison of First Quarter Fiscal Year 1994
 vs. First Quarter Fiscal Year 1993
 First Quarter Ended
 Oct. 31,
 1993 1992
 Net sales $22,294,000 $20,932,000
 Net earnings $898,000 $638,000
 Primary earnings per share $.33 $.25
 Weighted average shares 2,731,000 2,530,000
 -0- 11/11/93
 /CONTACT: Robert L. Buker, V.P., Corporate Communications, or James J. Fahrner, chief financial officer & V.P., Finance, of Gelman Sciences Inc., 313-665-0651/
 (GSC)


CO: Gelman Sciences Inc. ST: Michigan IN: MTC SU: ERN

SM -- DE009 -- 3109 11/11/93 09:27 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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