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HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED, ANNOUNCES SECOND QUARTER AND FIRST HALF FISCAL 1992 RESULTS

 HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED, ANNOUNCES SECOND
 QUARTER AND FIRST HALF FISCAL 1992 RESULTS
 WASHINGTON, Jan. 30 /PRNewswire/ -- Harman International Industries, Incorporated (NYSE: HAR), today announced results for the second quarter and first half of fiscal 1992.
 Sales in the second quarter were $163.3 million, a 2 percent decline from sales in the comparable quarter last year. Earnings for the quarter were $1,479,000, or 17 cents per share. In the second quarter of last year, the company reported net income of $173,000, equal to 2 cents per share.
 For the six months, sales were $299.2 million, virtually even with the $298.8 million reported for the same period last year. Earnings were 2 cents per share, down from 13 cents per share reported in the prior year's first half.
 Dr. Sidney Harman, chairman and chief executive officer said:
 "As expected, we returned to profitability in the second quarter despite the severity of this lengthy recession which is now being felt in all of our major markets worldwide. Our major consumer brands continue to show strength in their markets, both here and abroad. Significant progress has been made at our troubled units; however, our automotive operations continue to struggle.
 "Although there is little encouragement from the economy, our company and its individual operating units are well positioned for the second half. New product introductions will provide significant growth opportunities in a tough consumer electronics market. We have maintained a watchful eye on our balance sheet, particularly with regard to working capital. As a result, our debt is below the level it was at this time last year."
 Harman International Industries, Incorporated, is a leading manufacturer and worldwide marketer of high-quality, high-fidelity audio and video products for consumer home and automotive, professional and original equipment manufacturer (OEM) markets.
 HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
 Second Quarter and Six Month Results -- Fiscal 1992
 (In Thousands Except Earnings Per Share)
 Income Statement
 (Unaudited)
 Periods Ended Dec. 31, 1991 Dec. 31, 1990
 Second Quarter
 Net Sales $163,342 $167,184
 Earnings Before Taxes 2,489 1,817
 Net Income 1,479 173
 Earnings Per Share of
 Common Stock 0.17 0.02
 Weighted Average Number of
 Common Shares Outstanding 8,774 8,754
 Six Months
 Net Sales $299,166 $298,779
 Earnings Before Taxes 209 3,413
 Net Income 134 1,142
 Earnings Per Share of
 Common Stock 0.02 0.13
 Weighted Average Number of
 Common Shares Outstanding 8,774 8,754
 -0- 1/30/92
 /CONTACT: Steve Smith of Harman International Industries, Incorporated, 202-393-1101/
 (HAR) CO: Harman International Industries, Incorporated ST: District of Columbia IN: CPR SU: ERN


TW-MK -- DC007 -- 5143 01/30/92 10:18 EST
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Date:Jan 30, 1992
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