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NATIONAL-STANDARD COMPANY REPORTS RESULTS

 NATIONAL-STANDARD COMPANY REPORTS RESULTS
 NILES, Mich., July 22 /PRNewswire/ -- National-Standard Company


(NYSE: NSD) reported sales of $55.5 million and a net loss of $.1 million, or $.03 per share, for the third quarter ended June 30, 1992, according to Michael B. Savitske, president and chief executive officer. In the year-earlier quarter, sales of $57.9 million and a net loss of $9.6 million, or $2.24 per share, were reported. Included in the 1991 net loss of $9.6 million was a charge to earnings of approximately $7.0 million relating to the sale of certain assets. Last year's third-quarter results included $7.9 million in sales from business units closed or divested during the 1991 fiscal year.
 For the first nine months of 1992, sales were $158.3 million and a net loss of $3.9 million, or $.89 per share, compared with sales of $180.3 million and a net loss of $16.9 million, or $3.97 per share, in the year-earlier period. Last year's sales for the nine-month period ended June 30, 1991, included $27.2 million in sales from business units closed or divested during the 1991 fiscal year.
 Operating results for the third quarter improved over the 1991 results in the same period as a result of prior restructuring, divestiture of nonperforming assets and an 11.0-percent improvement in consolidated third-quarter sales for continuing businesses compared to the third 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 domestic demand for its major product lines, including a 24-percent increase in the Woven/Fiber/Filter Division's airbag and rechargeable battery materials business.
 International operations incurred losses of $.5 million and $2.0 million, respectively, in the three- and nine-month periods ended June 30, 1992, due to decreased activity in their major markets.
 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
 FINANCIAL HIGHLIGHTS
 ($000 except per-share amounts)
 For Three Months Ended June 30 1992 1991
 Net sales $55,509 $57,892
 Operating income (loss) 1,066 (840)
 Net income (loss) (133) (9,624)
 Earnings (loss) per share (.03) (2.24)
 Average shares outstanding 4,412,681 4,299,097
 For Nine Months Ended June 30 1992 1991
 Net sales $158,307 $180,302
 Operating income (loss) (38) (4,530)
 Net income (loss) (3,880) (16,938)
 Earnings (loss) per share (.89) (3.97)
 Average shares outstanding 4,369,109 4,269,094
 -0- 7/22/92
 /CONTACT: W.D. Grafer of National-Standard Company, 616-683-8100, Ext. 4312/
 (NSD) CO: National-Standard Company ST: Michigan IN: SU: ERN


JG-ML -- DE017 -- 2005 07/22/92 14:16 EDT
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Date:Jul 22, 1992
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