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NALCO EARNINGS PREDICTION

 NAPERVILLE, Ill., Dec. 28 /PRNewswire/ -- A Dow Jones news service report dated Dec. 23, 1992 stated that Nalco (NYSE: NCL) expects fourth quarter fully diluted earnings to be about 46 cents per share. Nalco, in fact, expects to earn at least 46 cents per share in the fourth quarter 1992, which will meet or exceed current analysts' expectations of 46 to 47 cents per share.
 The report went on to state that estimates of $1.90 per fully diluted share for 1993 were "a tad optimistic." In fact, the report should have stated that forecasts for a 10 percent EPS increase in 1993, before accounting for post-retirement medical benefits, are somewhat optimistic given the uncertainty of the worldwide economic recovery, particularly in Europe.
 The 1993 charge for post-retirement medical benefits (FASB 106) for Nalco will include a one-time charge of approximately $80 million (pretax), with an incremental increase in ongoing expenses of approximately $5.0 million (pretax).
 -0- 12/28/92
 /CONTACT: Charles Goding of Nalco Chemical Company, 708-305-1276/
 (NLC)


CO: Nalco Chemical ST: Illinois IN: CHM SU: ERP

SM -- NY027 -- 0084 12/28/92 13:28 EST
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Publication:PR Newswire
Date:Dec 28, 1992
Words:188
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