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MORTON INTERNATIONAL PROJECTS EARNINGS PER SHARE FOR FISCAL 1993 BETWEEN $3.00 AND $3.30

 MORTON INTERNATIONAL PROJECTS EARNINGS PER SHARE
 FOR FISCAL 1993 BETWEEN $3.00 AND $3.30
 CHICAGO, Oct. 22 /PRNewswire/ -- Morton International's (NYSE: MII) Chairman and Chief Executive Officer Charles S. Locke projected earnings per share in the range of $3.00 to $3.30 at the company's annual meeting today. The company's net earnings were $2.95 per share for the prior fiscal year ended June 30, 1992.
 Locke's forecast assumes that the world economy will remain weak with no significant upturn in the automobile, construction, electronics and other durable goods markets. It also does not include accounting adjustments related to FASB 106, accounting for retiree health benefits.
 "Morton operates in 24 countries and sells around the world," said Locke. "We are affected by economic slowdowns in Europe and Japan as well as a sluggish recovery in the United States. Nevertheless, we expect to be up this year and, with the dramatic growth expected in our airbag business next year, foresee significant earnings growth in fiscal year 1994."
 Morton International is a Chicago-based manufacturer and marketer of specialty chemicals, automotive inflatable restraint systems and salt.
 -0- 10/22/92
 /CONTACT: Nancy A. Hobor of Morton International, 312-807-2424/
 (MII) CO: Morton International ST: Illinois IN: AUT SU: ERP


TS -- NY093 -- 3590 10/22/92 12:16 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
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