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KYSOR INDUSTRIAL CORPORATION ANNOUNCES RESULTS OF BOARD ACTION

 KYSOR INDUSTRIAL CORPORATION ANNOUNCES RESULTS OF BOARD ACTION
 CADILLAC, Mich., Oct. 30 /PRNewswire/ -- George R. Kempton, chairman of the board and chief executive officer of Kysor Industrial Corporation (NYSE: KZ) announced the following action taken at the board of directors meeting held on Friday, Oct. 30:
 DIVIDEND ANNOUNCEMENT -- The board of directors approved the payment of a quarterly dividend of $.10 per share, payable Jan. 28, 1993, on stock of record Jan. 13, 1993.
 FINANCIAL INFORMATION -- As previously reported in Kysor's press release dated Oct. 15, 1992, sales and revenues for the quarter grew 16 percent to $72.4 million compared to $62.7 million in 1991 and earnings applicable to common stock were $3.5 million compared to $1.4 million for the third quarter a year ago. Primary earnings per common share for the quarter were $.66, a record-high performance, compared to $.27 for 1991.
 For the nine-month period, sales and revenues increased 10 percent to $193.0 million vs. $176.2 million reported last year. Earnings applicable to common stock were $6.4 million compared to $.5 million for 1991. Year-to-date primary earnings per common share were $1.22 compared to $.09 last year. Last year's results for the nine-month period include the impact of the establishment of a $4.0 million provision for various litigation equating to ($.49) per share.
 Kysor Industrial Corporation is a quality producer of refrigerated display cases and refrigerated building systems and heavy-duty vehicle and marine components serving the supermarket and the transportation industries. The company has manufacturing operations in six states as well as Great Britain and Germany.
 -0- 10/30/92
 /CONTACT: Richard G. De Boer, assistant treasurer, Kysor Industrial Corporation, 616-779-2200/
 (KZ) CO: Kysor Industrial Corporation ST: Michigan IN: SU: DIV


SB -- DE025 -- 7180 10/30/92 14:14 EST
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Publication:PR Newswire
Date:Oct 30, 1992
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