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MENTOR REPORTS THIRD QUARTER RESULTS

 SANTA BARBARA, Calif., Jan. 21 /PRNewswire/ -- Mentor Corp. (NASDAQ-NMS: MNTR) today reported record sales for the third quarter ended Dec. 31, 1992.
 Sales for the third quarter were $31.1 million, compared to $24.2 million last year, an increase of 28 percent.
 Net income for the quarter was $2.7 million, or $0.25 per share, compared to $1.3 million, or $0.12 per share last year, an increase of 114 percent.
 For the nine-month year-to-date ended Dec. 31, sales were $87.4 million, an increase of 30 percent over sales of $67.4 million last year. Net income for the nine-month period was $8.2 million, or $0.76 per share, compared to $4.1 million and $0.38 per share last year, an increase of 100 percent.
 The company reported that sales were strong across all product lines.
 "We are pleased with the results this year," stated Christopher J. Conway, Mentor's chairman. "This is our third straight quarter of record sales. Domestic and international sales have contributed equally to our strong growth. As a result, earnings have shown substantial gains over prior years."
 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)
 For the three months For the nine months
 ended Dec. 31, ended Dec. 31,
 1992 1991 1992 1991
 Net sales $31,053 $24,179 $87,386 $67,414
 Costs and Expenses
 Cost of sales $10,874 $10,155 $29,728 $26,996
 Selling, general
 and administrative $13,621 $9,902 $38,379 $28,112
 Research and
 development $1,816 $1,630 $4,762 $4,666
 Total 26,311 21,687 72,869 59,774
 Operating income 4,742 2,492 14,517 7,640
 Interest expense ($661) ($554) ($1,869) ($1,683)
 Interest income $147 $82 $343 $425
 Other (expense) income ($77) ($79) ($276) ($230)
 Income before income
 taxes 4,151 1,941 12,715 6,152
 Income taxes $1,458 $680 $4,499 $2,068
 Net income $2,693 $1,261 $8,216 $4,084
 Primary income
 per share $0.25 $0.12 $0.76 $0.38
 Fully diluted income
 per share $0.24 $0.12 $0.74 $0.38
 Dividends per share $0.04 $0.04 $0.12 $0.12
 Average common shares
 outstanding
 Primary 10,910 10,709 10,820 10,839
 -0- 1/21/93
 /CONTACT: Christopher J. Conway, chairman of Mentor, 805-681-6000/
 (MNTR)


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

JL-JB -- LA001 -- 7225 01/21/93 08:31 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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