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JOSLYN CORPORATION ANNOUNCES EARNINGS

 CHICAGO, April 28 /PRNewswire/ -- Joslyn Corporation (NASDAQ-NMS: JOSL) today announced record first quarter earnings from operations. For the first quarter of 1993, net sales increased 10 percent to $57,430,000 and net earnings increased more than 9 percent to $3,918,000 or $.55 per share compared to first quarter 1992 net sales of $52,198,000 and net earnings of $3,581,000 or $.51 per share. First quarter 1992 earnings per share were restated to reflect a three-for-two stock split in the form of a 50 percent stock dividend in December 1992.
 JOSLYN CORPORATION
 Quarter ended
 March 31 1993 1992
 Net sales $ 57,430,000 $ 52,198,000
 Operating income from
 business segments $ 7,804,000 $ 7,193,000
 Income before taxes $ 6,418,000 $ 5,781,000
 Net income $ 3,918,000 $ 3,581,000
 Net income per share $.55 $.51
 Average number of
 shares outstanding 7,075,000 7,059,000
 At its meeting today, the board of directors of Joslyn Corporation declared the regular quarterly dividend of twenty-nine cents ($.29) per share, payable June 15, 1993 to shareholders of record May 21, 1993.
 Joslyn Corporation, 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 2,000 employees and operates facilities in the United States and Canada. Joslyn has declared 309 dividends and 220 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- 04/28/93
 /CONTACT: L.G. Wolski of Joslyn, 312-454-2900/
 (JOSL)


CO: Joslyn Corporation ST: Illinois IN: TLS SU: ERN

AH -- NY057 -- 1969 04/28/93 11:37 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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