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MERIDIAN ANNOUNCES THIRD QUARTER RESULTS AND REGULAR QUARTERLY DIVIDEND

 MERIDIAN ANNOUNCES THIRD QUARTER RESULTS
 AND REGULAR QUARTERLY DIVIDEND
 CINCINNATI, Aug. 3 /PRNewswire/ -- Meridian Diagnostics, Inc. (NASDAQ/NMS: KITS) announced today net sales for the fiscal 1992 third quarter and nine month periods ended June 30, 1992 were $3,414,000 and $9,852,000, respectively, compared with $2,893,000 and $7,877,000 for the same periods during the prior fiscal year. Net earnings for the fiscal 1992 third quarter and nine month periods were $409,000 ($.06 per share) and $1,047,000 ($.14 per share) compared to $247,000 ($.03 per share) and $572,000 ($.08 per share) earned during comparable periods of the previous fiscal year.
 Net sales for the third fiscal quarter and nine months increased $521,000 (18 percent) and $1,975,000 (25 percent), respectively, over the comparable prior year periods. Net earnings increased 66 percent for the three month period and 83 percent for the nine month period over the prior year results.
 At the board of directors' meeting held July 31, the directors declared the regular quarterly dividend of $.0167 per share to be paid Aug. 20, 1992 to shareholders of record Aug. 13, 1992.
 MERIDIAN DIAGNOSTICS, INC.
 THIRD QUARTER AND NINE MONTH RESULTS
 The following table sets forth the unaudited comparative operating results of Meridian Diagnostics, Inc. for the three and nine months ended June 30, 1992 and 1991.
 Three Months Ended June 30
 1992 1991
 Net sales $3,414,000 $2,893,000
 Gross profit 2,385,000 1,881,000
 Operating income 646,000 386,000
 Earnings before income taxes 648,000 401,000
 Net earnings 409,000 247,000
 Earnings per common share $.06 $.03
 Weighted average number of
 shares outstanding 7,313,527 7,290,000
 Nine Months Ended June 30
 1992 1991
 Net sales $9,852,000 $7,877,000
 Gross profit 6,610,000 4,907,000
 Operating income 1,629,000 832,000
 Earnings before income taxes 1,674,000 949,000
 Net earnings 1,047,000 572,000
 Earnings per common share $.14 $.08
 Weighted average number of
 shares outstanding 7,309,441 7,245,549
 All per share numbers are adjusted for the company's 3 for 2 stock split effective March 27, 1992.
 Meridian Diagnostics, Inc. develops, manufactures and markets a variety of immunodiagnostic test kits, purified reagents such as antigens and monoclonal and polyclonal antibodies, and related diagnostic products. The company is a leader in the area of rapid diagnosis of infectious human diseases. All Meridian products are used outside the human body and require little or no special instrumentation or equipment. Domestic and international market segments consist of hospital, commercial and reference laboratories, and physicians' offices. The company has a leading market position in fungal serology, and is the leader in parasite and bacterial collection, preservation and transportation systems. The company's shares are traded through NASDAQ/NMS (Symbol: KITS).
 -0- 8/3/92
 /CONTACT: Jerry L. Ruyan of Meridian Diagnostics, Inc., 513-271-3700/
 (KITS) CO: Meridian Diagnostics, Inc. ST: Ohio IN: MTC SU: ERN DIV


BM -- CL007 -- 6066 08/03/92 10:54 EDT
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Date:Aug 3, 1992
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