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MERIDIAN DIAGNOSTICS ANNOUNCES RECORD FOURTH QUARTER AND FISCAL 1992 SALES AND PROFITS AND REGULAR QUARTERLY DIVIDEND

 MERIDIAN DIAGNOSTICS ANNOUNCES RECORD FOURTH QUARTER AND
 FISCAL 1992 SALES AND PROFITS AND REGULAR QUARTERLY DIVIDEND
 CINCINNATI, Nov. 12 /PRNewswire/ -- Meridian Diagnostics, Inc. (NASDAQ/NMS: KITS), Cincinnati, today reported record sales and earnings for the fourth fiscal quarter and year ended Sept. 30, 1992. Net sales were $14,003,000 as compared to $11,085,000 during fiscal 1991, an increase of $2,918,000 or 26 percent. Net earnings for fiscal 1992 were $1,653,000 ($.23 per share) versus $959,000 ($.13 per share) for fiscal 1991, an increase of $694,000 or 72 percent.
 Net sales and net earnings for the fourth fiscal quarter ended Sept. 30, 1992 were $4,150,000 and $606,000 ($.08 per share), respectively, as compared to net sales of $3,208,000 and net earnings of $387,000 ($.05 per share) during the same period of the prior fiscal year. These results represent an increase for the fourth fiscal quarter in sales of $942,000 or 29 percent and in earnings of $219,000 or 57 percent over the prior periods.
 Jerry L. Ruyan, chief executive officer, said, "The company is extremely proud of its achievement in the last fiscal year, setting records for both sales and profits. With sales of our recently acquired products and technology coming on-line, we believe that the outlook for future quarters for the company remains bright."
 At the board of directors' meeting held today, the directors declared the regular quarterly dividend of $.0167 per share to be paid Dec. 1, 1992 to shareholders of record Nov. 23, 1992.
 MERIDIAN DIAGNOSTICS, INC.
 FOURTH QUARTER AND YEAR END RESULTS
 The following table sets forth the comparative operating results of Meridian Diagnostics, Inc. for the three months and years ended Sept. 30, 1992 and 1991.
 Three Months Ended Sept. 30
 1992 1991
 Net sales $4,150,000 $3,208,000
 Gross profit 2,811,000 2,205,000
 Operating income 987,000 524,000
 Earnings before income taxes 931,000 569,000
 Net earnings 606,000 387,000
 Earnings per common share $.08 $.05
 Weighted average number of
 shares outstanding 7,328,636 7,297,826
 Years Ended Sept. 30
 1992 1991
 Net sales $14,003,000 $11,085,000
 Gross profit 9,421,000 7,112,000
 Operating income 2,616,000 1,356,000
 Earnings before income taxes 2,605,000 1,518,000
 Net earnings 1,653,000 959,000
 Earnings per common share $.23 $.13
 Weighted average number of
 shares outstanding 7,314,266 7,258,727
 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- 11/12/92
 /CONTACT: Jerry L. Ruyan of Meridian Diagnostics, Inc., 513-271-3700/
 (KITS) CO: Meridian Diagnostics, Inc. ST: Ohio IN: MTC SU: ERN DIV


KK -- CL005 -- 0128 11/12/92 11:06 EST
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Date:Nov 12, 1992
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