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MICRO BIO-MEDICS, INC. REPORTS RECORD THIRD QUARTER AND NINE MONTHS SALES AND NET INCOME

 PELHAM MANOR, N.Y., Oct. 13 /PRNewswire/ -- Micro Bio-Medics, Inc. (NASDAQ: MBMI), a leading supplier of physician, hospital and sports medicine supplies, increased sales 23 percent to a record $22,952,450 up from $18,616,110 in the third quarter ended Aug. 31, 1993. Net income for the quarter reached a record $737,041, or $.17 per share, compared with year-ago net income of $674,941, also $.17 per share, which included a $69,000 gain due to a reversal of an over-accrual of moving expenses. Without this gain, net income in the third quarter of fiscal 1992 would have been $605,941 and net income in the third quarter of fiscal 1993 would have increased 21 percent over the earlier period.
 Bruce J. Haber, president, said, "We are extremely pleased that revenues continue to expand at an almost 25 percent pace and even more pleased that net income, disregarding the 1992 third quarter reversal, is continuing to increase at a rate in excess of 20 percent. The net income increase is extremely gratifying and was achieved while the company incurred extraordinary expenses related to the recent Harrisburg Health Care acquisition and continued major investment in the company's infrastructure. We expect that the proposed acquisition of Clark Surgical, which will substantially increase MBMI's size and share of market, can also be consolidated without interrupting our earnings growth."
 Sales in the nine months of fiscal 1993 increased 26 percent to a record $55,069,956 compared with $43,856,114 in the nine months of fiscal 1992. Net income in the current nine months was a record $1,016,423 compared with $904,404 in the same period of the prior year. Earnings per share of $.26 in the nine months of fiscal 1993 are based on substantially more shares outstanding (4,750,547) and compares with earnings per share of $.28 in the nine months of fiscal 1992 (based on 3,830,974 shares).
 MICRO BIO-MEDICS AND SUBSIDIARIES
 Consolidated Statement of Operations
 Periods Ended Nine Months Three Months
 Aug. 31 1993 1992 1993 1992
 Net sales $55,069,956 $43,856,114 $22,952,450 $18,616,110
 Gross profit
 on sales 12,721,695 9,806,362 5,335,464 4,195,194
 Profit before provision
 for income taxes 1,816,423 1,643,404 1,318,041 1,228,941
 Provision for
 income taxes 800,000 739,000 581,000 554,000
 Net income 1,016,423 904,404 737,041 674,941
 Earnings per common
 and common equivalent
 share .26 .28 .17 .17
 Number of shares used in
 computing earnings per
 common and common
 equivalent share 4,750,547 3,830,974 4,541,546 4,619,230
 -0- 10/13/93
 /CONTACT: Bruce J. Haber, president of Micro Bio-Medics, Inc., 914-738-8400, ext. 704/
 (MBMI)


CO: Micro Bio-Medics, Inc. ST: New York IN: MTC SU: ERN

LG-OS -- NY064 -- 1765 10/13/93 14:27 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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