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KUHLMAN ANNOUNCES 1992 EARNINGS

 LEXINGTON, Ky., Feb. 16 /PRNewswire/ -- Kuhlman Corporation (NYSE:KUH) today reported 1992 net earnings of $6,224,000 or $1.05 per share as compared with $7,192,000 or $1.21 per share for 1991. Donald O. Dulude, chairman, said that 1992 net earnings were the third best in the company's 98-year history. He further stated that 1992 sales of $121,734,000 were 4 percent lower than 1991 due to highly competitive pricing conditions throughout the electrical equipment industry and a lower volume of purchases by the company's major customers due to reduced inventory levels, and the milder weather that was prevalent during most of 1992 for these customers.
 Mr. Dulude said that 1992 fourth-quarter sales were $27,703,000 or about 10 percent less than the fourth quarter of 1991; 1992 fourth- quarter net earnings were $1,057,000 or 18 cents per share vs. $1,658,000 or 28 cents per share for the same period in 1991.
 Following are comparative results for the fourth quarters and for the years ended Dec. 31, 1992, and Dec. 31, 1991:
 KUHLMAN CORPORATION
 (Thousands of Dollars)
 Fourth Quarter Full Year
 1992 1991 1992 1991
 NET SALES $27,703 $30,888 $121,734 $126,181
 COST AND EXPENSES:
 Cost of Sales $22,725 $23,815 $97,546 $ 99,286
 Selling and
 Administrative Expense 3,853 4,713 15,381 15,609
 Interest Expense (21) 251 529 968
 Interest Income (190) (436) (795) (1,270)
 Covenant not to compete (312) (313) (1,250) (1,251)
 Equity in net loss
 of joint venture --- --- --- 502
 EARNINGS BEFORE PROVISION FOR
 INCOME TAX $ 1,648 $ 2,858 $10,323 $ 12,337
 PROVISION FOR INCOME TAXES 591 1,200 4,099 5,145
 NET EARNINGS $ 1,057 $ 1,658 $ 6,224 $ 7,192
 NET EARNINGS PER COMMON AND
 COMMON EQUIVALENT SHARE $ .18 $ .28 $1.05 $1.21
 Kuhlman Corporation is a manufacturer of distribution, power and instrument transformers, and spring products.
 -0- 2/16/93
 /CONTACT: Kuhlman Corporation, P.O. Box 6000, Lexington, KY 40544-6000; Telephone, 606-224-4300/
 (KUH)


CO: Kuhlman Corporation ST: Kentucky IN: SU: ERN

SM -- DE027 -- 7013 02/16/93 17:51 EST
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Date:Feb 16, 1993
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