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LUMEX REPORTS INCREASED FIRST QUARTER EARNINGS

 LUMEX REPORTS INCREASED FIRST QUARTER EARNINGS
 BAY SHORE, N.Y., April 21 /PRNewswire/ -- Lumex, Inc. (AMEX: LUM)


today reported a strong increase in earnings for the first quarter ended March 31, 1992.
 Net income for the first quarter increased 36 percent to $826,000, or $0.19 per share, from $607,000, or $0.14 per share, in the same period last year. Net sales rose 5.4 percent to $24.8 million, compared to $23.5 million in the first quarter of 1991
 The strong earnings performance resulted from increased sales of new, higher margin products, including continued growth of the CYBEX 6000 Extremity Testing and Rehabilitation System, stronger than expected sales growth at the LUMEX Division, and improvement in operating margins from ongoing strategic programs to improve productivity. Gross margins increased to 41.4 percent in the first quarter of 1992 from 39.7 percent in the same quarter last year.
 Lawrence N. Cohen, chairman and chief executive officer, commented, "Following our seventh consecutive quarter of improved results, we expect to achieve continued favorable earnings comparisons for the remainder of 1992. We also expect to resume double digit sales growth in the second half as important new products are introduced in all of our major markets. In the fitness market, this includes a new cycle ergometer which will be our initial entry in the mid-priced cardiovascular equipment category. In addition, several new stations will be offered to complete our line of CYBEX Modular Strength Systems. The LUMEX Division will introduce the Preferred Care recliner, the first product in a new generation of specialty seating, as well as several new patient aids and pressure management products. Our strong balance sheet will also enable us to take advantage of growth opportunities in our markets by expansion into related product categories."
 Lumex continued to improve its financial condition in the first quarter as working capital increased to $29.6 million, debt-to-equity improved to 13.0 percent and book value increased to $10.50 per share.
 Lumex, Inc. is a leading manufacturer of products for the health care industry through its LUMEX and CYBEX Divisions, serving acute and long-term care, home health care, physical therapy/sports medicine and fitness market segments.
 LUMEX, INC.
 Consolidated Summary of Operations
 (in thousands, except per share data)
 Three months ended March 31
 1992 1991 Pct. incr.(decr.)
 Net sales $24,766 $23,494 5.4
 Cost of sales 14,508 14,174 2.4
 SG&A expenses 8,306 7,551 9.9
 Product development expenses 841 967 (13.0)
 Other (income) expenses (141) (105) 34.3
 Income before income taxes 1,252 907 38.0
 Income tax provision 426 300 42.0
 Net Income $ 826 $ 607 36.1
 Net Income per share $ 0.19 $ 0.14 35.7
 Average shares 4,370 4,389
 Consolidated Condensed Balance Sheets
 (Thousands of dollars)
 3/31/92 12/31/91
 ASSETS
 Cash and Temporary investments $ 8,534 $ 9,924
 Accounts receivable 17,291 16,301
 Inventories 15,797 15,806
 Other current assets 1,669 1,385
 Total current assets 43,291 43,416
 Property, plant and equipment, net 17,891 18,248
 Note receivable 2,409 2,396
 Intangible assets 2,295 2,338
 Other assets 460 489
 Total Assets $66,346 $66,887
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Accounts payable 5,387 5,283
 Other current liabilities 8,259 9,633
 Total current liabilities 13,646 14,916
 Deferred income taxes 2,694 2,694
 Long-term debt 5,760 5,935
 Stockholders' equity 44,246 43,342
 Total liabilities and
 stockholders' equity $66,346 $66,887
 -0- 4/21/92
 /CONTACT: June Filingeri or Bernie Kilkelly of Morgen-Walke Associates, 212-986-5900, for Lumex/
 (LUM) CO: Lumex, Inc. ST: New York IN: HEA SU: ERN


TS -- NY014 -- 0392 04/21/92 08:56 EDT
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Date:Apr 21, 1992
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