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HEIN-WERNER CORP. EXPECTS TO REPORT STRONGER SALES GROWTH FOR FOURTH QUARTER AND 1992 YEAR; OPTIMISTIC ON '93 RESULTS

 WAUKESHA, Wis., Feb. 11 /PRNewswire/ -- Hein-Werner Corp. (AMEX: HNW) today announced that it expects to reports net sales of approximately $15 million for the fourth quarter and net sales of approximately $60 million for the year ended Dec. 31, 1992, representing increases of approximately 7 percent and 10 percent respectively. The company said, while it expects to report a net loss from continuing operations for the quarter and year, such losses are expected to have narrowed significantly over 1991 periods.
 Joseph L. Dindorf, chairman and chief executive officer, said, We are encouraged by our sales results, which reflect four consecutive quarters of growth. With Hein-Werner having significantly reduced its breakeven point, we expect the benefits of higher sales growth to flow through to our bottom line in 1993.''
 Dindorf continued, Hein-Werner today is a much leaner and more focused company than it was several years ago. Aggressive cost management has strengthened our competitive position. We feel our broad proprietary product line and strong brand names in collision repair equipment, engine rebuilding equipment and fluid power systems should enable us to increase our market share both domestically and internationally as we begin to see sustained increases in new equipment orders in these market segments.''
 Hein-Werner Corp. is a leading worldwide manufacturer and marketer of collision repair equipment, engine rebuilding equipment and fluid power equipment. The company has manufacturing operations and sales offices in the United States and Europe with distribution channels throughout the rest of the world.
 -0- 2/11/93
 /CONTACT: Edward F. Duffy, vice president-finance and treasurer of Hein-Werner, 414-542-6611/
 (HNW)


CO: Hein-Werner Corp. ST: Wisconsin IN: AUT SU: ERP

TM -- NY082 -- 5862 02/11/93 16:20 EST
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Publication:PR Newswire
Date:Feb 11, 1993
Words:280
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