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NATIONAL-STANDARD COMPANY REPORTS RESULTS

 NATIONAL-STANDARD COMPANY REPORTS RESULTS
 NILES, Mich., April 28 /PRNewswire/ -- National-Standard Company


(NYSE: NSD) reported sales of $54.0 million and a net loss of $1.5 million, or $0.33 per share, for the second quarter ended March 31, 1992, according to Michael B. Savitske, president and chief executive officer.
 In the year-earlier quarter, sales of $61.2 million and a net loss of $4.3 million, or $1.01 per share, were reported. Last year's second- quarter results included $8.5 million in sales from business units closed or divested during the 1991 fiscal year.
 For the first six months of 1992, sales were $102.8 million and a net loss of $3.7 million, or $0.86 per share, compared with sales of $122.4 million and a net loss of $7.3 million, or $1.72 per share, in the year-earlier period. Last year's sales for the six-month period ended March 31, 1991, included $19.3 million in sales from business units closed or divested during the 1991 fiscal year.
 Operating results for the first half improved over the 1991 results in the same period as a result of prior restructuring, divestiture of non-performing assets and a 2.5-percent improvement in second-quarter sales compared to the second quarter of 1991.
 Although the recovery of the domestic economy is proceeding at a slow pace and activity in international markets is weak, the company is experiencing increased demand for its major product lines, which should improve operating results in the near term.
 Founded in 1907, National-Standard is a Niles-based firm with annual sales of approximately $230 million. The company manufactures and distributes a broad range of wire and wire-related products in 12 operating facilities throughout the world.
 NATIONAL-STANDARD COMPANY AND SUBSIDIARIES
 ($000 except per-share amounts)
 For Three Months
 Ended March 31, 1992 1991
 Net sales $53,980 $61,158
 Operating income (loss) (161) (2,567)
 Net income (loss) (1,461) (4,346)
 Earnings (loss) per share (.33) (1.01)
 Average shares outstanding 4,396,197 4,299,097
 For Six Months
 Ended March 31, 1992 1991
 Net sales $102,798 $122,410
 Operating income (loss) (1,104) (3,690)
 Net income (loss) (3,747) (7,314)
 Earnings (loss) per share (.86) (1.72)
 Average shares outstanding 4,347,441 4,254,093
 -0- 4/28/92
 /CONTACT: W.D. Grafer of National-Standard Company, 616-683-8100, Ext. 4312/
 (NSD) CO: National-Standard Company ST: Michigan IN: SU: ERN


SB -- DE021 -- 3893 04/28/92 14:18 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
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