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NCH CORPORATION REPORTS ANNUAL SALES AND EARNINGS

 IRVING, Texas, June 3 /PRNewswire/ -- NCH Corporation (NYSE:NCH) today reported sales and earnings for the fiscal year and fourth quarter ended April 30,1993.
 For the fourth quarter, net sales decreased 1 percent to $166.7 million compared to $168.1 million last year. Operating income increased by 2 percent to $13.9 million from $13.6 million reported in the prior year. Net income for the quarter was $9.1 million compared to $7.8 million for the fourth quarter of the previous year, a 17 percent increase. Earnings per share were $1.09 compared to $.94 last year.
 For the year ended April 30, 1993, net sales increased 1 percent to $679.9 million from $670.8 million last year. Operating income, including the prior year's provision for restructuring in Brazil, declined 9 percent to $60.3 million from $66.2 million last year. Net income for the year was $37.6 million compared to $39.4 million last year, a decrease of 5 percent. Earnings per share were $4.53 for this year, down from $4.77 last year.
 NCH CORPORATION
 Comparative Earnings Statement
 (In Thousands Except Per Share Data)
 Periods Ended Three Months Twelve Months
 April 30 1993 1992 1993 1992
 Net Sales $166,737 $168,066 $679,937 $670,805
 Operating Expenses 152,839 152,756 619,620 602,876
 Provision for Restructuring
 Brazilian Subsidiary -- 1,750 -- 1,750
 Operating Income 13,898 13,560 60,317 66,179
 (Loss)/Gain on
 Revaluation of Foreign
 Currencies 118 (1,539) (1,792) (2,067)
 Net Interest Income 1,378 1,634 5,014 1,943
 Income Before Income
 Taxes 15,394 13,655 63,539 66,055
 Provision for Income
 Taxes 6,298 5,889 25,926 26,620
 Net Income 9,096 7,766 37,613 39,435
 Earnings Per Share 1.09 .94 4.53 4.77
 Weighted Average Number
 of Shares Outstanding 8,318 8,275 8,298 8,261
 -0- 6/3/93
 /CONTACT: Joe Cleveland of NCH Corporation, 214-438-0251/
 (NCH)


CO: NCH Corporation ST: Texas IN: SU: ERN

LD -- NY112 -- 5200 06/03/93 17:18 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
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