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NCH REPORTS NINE MONTHS SALES AND EARNINGS

              NCH REPORTS NINE MONTHS SALES AND EARNINGS
    IRVING, Texas, March 2 /PRNewswire/ -- NCH Corporation (NYSE: NCH)


reported sales and earnings for the quarter and nine months ended Jan. 31, 1992.
    Sales for the quarter ended Jan. 31, 1992, were $173.0 million compared with $175.5 million reported last year.  Operating income declined by 11 percent to $17.2 million from $19.3 million in the prior year, while income before taxes decreased 10 percent to $16.5 million from $18.2 million in the prior year.  Net income for the quarter was $10.2 million compared to $11.1 million in the same quarter last year. Earnings per share were $1.24 compared with $1.35 reported in the same period last year.
    Sales for the nine months were $502.7 million compared with the $514.0 million reported last year.  Operating income declined by 11 percent to $52.6 million from $59.0 million in the prior year, while income before taxes only decreased 6 percent due to a reduction in non- operating expenses of net interest and revaluation of foreign currencies from the prior year.  Net income for the nine months was $31.7 million compared with $33.6 million reported last year.  Earnings per share were $3.84 compared with $4.03 earned last year.
                            NCH CORPORATION
                     Comparative Earnings Statement
                  (In Thousands Except Per Share Data)
    Periods ended          Three months              Nine months
     Jan. 31             1992        1991         1992         1991
    Net Sales          $172,957    $175,485     $502,739     $513,956
    Operating Income     17,195      19,258       52,619       59,032
    Income before
     income taxes        16,464      18,223       52,400       55,768
    Provision for
     income taxes         6,229       7,116       20,731       22,209
    Net income           10,235      11,107       31,669       33,559
    Earnings per share     1.24        1.35         3.84         4.03
    Average number of
     shares outstanding   8,264       8,205        8,256        8,320
    (These figures subject to year-end audit.)
    -0-        3/2/92
    /CONTACT:  Joe Cleveland of NCH, 214-438-0251/
    (NCH) CO:  NCH Corporation ST:  Texas IN:  CHM SU:  ACC SH -- NY068 -- 4044 03/02/92 14:11 EST
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Date:Mar 2, 1992
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