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MINNTECH CORPORATION REPORTS THIRD QUARTER EARNINGS

 MINNEAPOLIS, Jan. 20 /PRNewswire/ -- Minntech Corporation (NASDAQ-NMS: MNTX) announced today net earnings of $1,190,000 or $.18 per common share for the third quarter ended Dec. 31, 1992, up 17 percent compared to net earnings of $1,014,000 or $.15 per common share for the third quarter last year. Revenues for the third quarter were $11,783,000, up 30 percent from revenues of $9,100,000 for the same period last year.
 For the nine months ended Dec. 31, 1992, the company reported net earnings of $3,485,000 or $.53 per common share, up 33 percent compared to net earnings of $2,612,000 or $.40 per common share for the first nine months one year ago. Revenues for the nine-month period were $32,896,000, a 31 percent increase from revenues of $25,156,000 for the first nine months last year.
 Dr. Louis C. Cosentino, chief executive officer and president, reported, "Our record-breaking third quarter revenues were slightly ahead of forecast. We experienced strong growth in our dialysis products and reprocessing products businesses. Third quarter earnings were negatively impacted by expenses associated with the FDA safety alert of Oct. 9 concerning our Renalin(R) Cold Sterilant for manual reprocessing of dialyzers. These expenses, primarily nonrecurring administrative costs, amounted to approximately $200,000 and, on an after-tax basis, reduced our third quarter earnings by about $.02 per share. Despite this safety alert, reprocessing sales were up in the third quarter. We have not lost any Renalin customers as a result of this alert."
 Minntech Corporation is a leading medical device manufacturer with advanced technology in electronics, solutions, fibers and plastics. The company's core technologies are being applied to the businesses of dialysis, reprocessing/sterilants, cardiosurgery and water purification. Minntech Corporation's common stock is traded on the National Over-The- Counter market under the NASDAQ symbol: MNTX.
 MINNTECH CORPORATION
 Condensed Consolidated Statements of Earnings
 (Unaudited)
 (In thousands except per share amounts)
 Three Months Ended Nine Months Ended
 December 31 December 31
 1992 1991 1992 1991
 Revenues
 Net sales - products $11,708 $9,100 $32,671 $25,156
 Contract revenues 75 --- 225 ---
 Total revenues 11,783 9,100 32,896 25,156
 Operating costs and expenses
 Cost of product sales 6,621 5,137 18,599 14,192
 Research and development 557 508 1,751 1,574
 Selling, general and admin. 2,709 1,942 7,106 5,297
 Total operating costs and
 expenses 9,887 7,587 27,456 21,063
 Earnings from operations 1,896 1,513 5,440 4,093
 Income from settlements of
 litigation, net of expenses --- 111 99 111
 Other income (expense), net 14 (24) (4) (106)
 Earnings before income taxes 1,910 1,600 5,535 4,098
 Income taxes 720 586 2,050 1,486
 Net earnings $1,190 $1,014 $3,485 $2,612
 Net earnings per share $.18 $.15 $.53 $.40
 Weighted average common and
 common equivalent shares 6,492 6,678 6,520 6,608
 -0- 1/20/93
 /CONTACT: Robert M. Rosner, executive vice president and treasurer of Minntech Corporation, 612-553-3300/
 (MNTX)


CO: Minntech Corporation ST: Minnesota IN: MTC SU: ERN

MP -- MN012 -- 6931 01/20/93 13:30 EST
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Date:Jan 20, 1993
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