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JOSLYN CORP. REPORTS RESULTS

 CHICAGO, July 21 /PRNewswire/ -- Joslyn Corp. (NASDAQ-NMS: JOSL) today announced a 4 percent increase in net income to $3,940,000 or $.56 per share for its most recent quarter, as compared to $3,793,000 or $.54 per share in the second quarter of 1992. Net sales increased to $56,111,000 compared to $55,388,000 for the second quarter of 1992. Earnings per share for 1992 were restated to reflect a three-for-two stock split in the form of a 50 percent stock dividend in December 1992.
 JOSLYN CORP.
 Periods ended Quarter Six Months
 June 30 1993 1992 1993 1992
 Net sales $56,111,000 $55,388,000 $113,541,000 $107,586,000
 Operating
 income from
 business
 segments 7,332,000 7,309,000 15,136,000 14,502,000
 Income
 bef. taxes 6,190,000 5,993,000 12,608,000 11,774,000
 Net income 3,940,000 3,793,000 7,858,000 7,374,000
 Net income
 per share $.56 $.54 $1.11 $1.05
 Average number
 of shares
 outstanding 7,079,000 7,022,000 7,077,000 7,041,000
 At its meeting today, the board of directors of Joslyn Corp. declared the regular quarterly dividend of 29 cents per share, payable Sept. 15, 1993, to shareholders of record Aug. 25, 1993.
 Joslyn Corp., now in its 91st year, provides diversified products and services primarily to the electric utility, telecommunications, defense and industrial markets. Joslyn also manufactures equipment for the following industries: aerospace, building construction and petrochemical. It has approximately 2,025 employees and operates facilities in the United States and Canada. Joslyn has declared 310 dividends and 221 consecutive dividends on its common stock. Shares are traded over the counter. Joslyn stock is listed on the NASDAQ National Market System. NASDAQ symbol is JOSL.
 -0- 7/21/93
 /CONTACT: L.G. Wolski, 312-454-2900, for Joslyn Corp./
 (JOSL)


CO: Joslyn Corp. ST: Illinois IN: ARO SU: ERN

CK -- NY071 -- 3976 07/21/93 13:16 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
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