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MENTOR REPORTS FIRST QUARTER

 SANTA BARBARA, Calif., July 22 /PRNewswire/ -- Mentor Corp. (NASDAQ: MNTR) today reported sales of $31.0 million for its first quarter ended June 30, 1993, an increase of 12 percent over $27.7 million a year ago.
 Sales increased in all product specialties. Growth was particularly strong in ophthalmic products, up 24 percent over the prior year, and in international sales, which were up 19 percent.
 Net income for the quarter was $2.3 million, or $0.22 per share, compared to $2.6 million, or $0.24 per share last year. During the quarter, the company relocated its urological ultrasound operations from the facility in St. Louis to its plant in Minneapolis. The results for the first quarter include expenses related to the move and the closure of the St. Louis facility.
 "We are pleased with the progress we are making in several important areas," said Christopher J. Conway, Mentor's chairman. "The consolidation of manufacturing facilities is on target to be completed by the end of the fiscal year, and we are preparing for the submission of premarket approval applications to the FDA on our saline and penile implants. While these programs add to our expense burden this year, we feel that they will bring significant long-term benefits."
 Mentor Corp. produces medical and surgical devices for the specialties of urology, plastic surgery and ophthalmology.
 MENTOR CORP.
 Consolidated Statements of Income
 (In thousands, except per share data)
 Three Months Ended June 30,
 1993 1992
 Net sales $31,028 $27,726
 Costs and expenses:
 Cost of sales 10,199 9,613
 Selling, general & administrative 14,127 12,083
 Research and development 2,405 1,384
 Total costs and expenses 26,731 23,080
 Operating income 4,297 4,646
 Interest expense (696) (565)
 Interest income 69 92
 Other (expense) income 0 (123)
 Income before income taxes 3,670 4,050
 Income taxes 1,330 1,442
 Net income $2,340 $2,608
 Primary income per share $0.22 $0.24
 Average common shares outstanding 10,704 10,686
 -0- 7/22/93
 /CONTACT: Christopher J. Conway, chairman of Mentor, 805-681-6000; or William F. Coffin of Coffin Communication Group, 818-578-0500, for Mentor/
 (MNTR)


CO: Mentor Corp. ST: California IN: MTC SU: ERN

JL-LS -- LA010 -- 4313 07/22/93 08:32 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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