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MINE SAFETY APPLIANCES COMPANY ANNOUNCES EARNINGS

 PITTSBURGH, April 23 /PRNewswire/ -- John T. Ryan III, president, chairman and chief executive officer of Mine Safety Appliances Company (NASDAQ: MNES) (MSA), announced today that consolidated sales for the first quarter of 1993 were $104,863,000 compared to $127,788,000 for the first quarter of 1992.
 Net income from continuing operations in the first quarter of 1993 was $2,516,000 or 41 cents per share of common stock compared to $4,441,000 or 71 cents per share of common stock for the same period last year. Consolidated net income in the first quarter of 1992, including losses on discontinued operations and restated for the cumulative effect of changes in accounting principles, was a loss of $5,406,000 or 88 cents per share.
 The lower sales in the United States between 1993 and 1992 are almost totally due to decreased shipments to the U.S. military and reduced domestic and export sales of specialty chemical products. These two factors had generated major sales growth in the first quarter of 1992 over the equivalent period in 1991. Shipments of military gas masks peaked in the first half of 1992 due to a surge of orders resulting from the Middle East conflict. Activity in 1993 is expected to continue at lower, more normal levels. The balance of the company's U.S. sales has been essentially flat over the period. The company said it has seen some basis for encouragement in the incoming order levels for U.S. civilian products over the last 60 days. However, more time will be required for a more meaningful trend to develop.
 The lower sales of MSA's international companies are the result of lower overseas exchange rates which lowered the dollar value of their sales and of a large one-time order in the 1992 period which was not repeated. Recessionary conditions in Europe have particularly hampered the company's sales and earnings progress.
 Profits from continuing operations declined due to lower sales. During 1992 actions were initiated in U.S. and international operations to reduce costs by consolidating facilities and reducing employment. Some of these actions have recently been completed while others will continue throughout 1993. The benefits of restructuring will begin to be realized during the balance of this year and more fully in 1994.
 Earnings from U.S. operations in the period fell back and returned to a level just below that of the first quarter 1991 due mostly to sales movements, noted above, of military masks and specialty chemical products. European earnings fell from 1992 due to difficult business conditions. Profits from operations elsewhere in the world improved.
 The company previously announced the discontinuance of the metallized paper venture in Germany and the adoption of changes in accounting principles relating to post-retirement medical and other post-employment benefits and income taxes. The financial effect of these changes is set out in the restated 1992 results. The results from operations for the three-month periods ended March 31 are as follows.
 MINE SAFETY APPLIANCES COMPANY
 (Note: Amounts in thousands, except earnings per share
 and shares outstanding)
 Three Months Ended March 31 1993 1992
 Continuing operations
 Net sales $104,863 $127,788
 Cost of products sold 67,090 84,336
 Selling and administrative costs 29,941 32,549
 Income before income taxes 4,665 7,644
 Taxes on income 2,149 3,203
 Income from continuing operations 2,516 4,441
 Losses from discontinued operations -- (883)
 Cumulative effect to Jan. 1, 1992,
 of changes in accounting principles -- (8,964)
 Net income (loss) 2,516 (5,406)
 Earnings per share
 Continuing operations $ .41 $ .71
 Discontinued operations -- $ (.15)
 Cumulative effect to Jan. 1, 1992,
 of changes in accounting principles -- $(1.44)
 Net income (loss) $ .41 $ (.88)
 Average number of common
 shares outstanding 6,101,545 6,274,047
 -0- 4/23/93
 /CONTACT: Robert J. Aiello of Ketchum Public Relations, 412-456-3853, for Mine Safety Appliances/
 (MNES)


CO: Mine Safety Appliances Company ST: Pennsylvania IN: MNG SU: ERN

KC-CD -- PG006 -- 0106 04/23/93 13:23 EDT
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Date:Apr 23, 1993
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