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OHM REPORTS NET INCOME PER SHARE OF $0.07 FOR ITS SECOND QUARTER ENDED JUNE 30, 1992 VERSUS A NET LOSS OF ($0.34) PER SHARE A YEAR AGO

 OHM REPORTS NET INCOME PER SHARE OF $0.07 FOR ITS SECOND QUARTER ENDED JUNE 30, 1992 VERSUS A NET LOSS OF ($0.34) PER SHARE A YEAR AGO
 FINDLAY, Ohio, Aug. 3 /PRNewswire/ -- OHM Corporation (NYSE: OHM), a leading on-site environmental remediation services firm today reported net income per share of 7 cents on net revenues of $57.9 million for the second quarter ended June 30, 1992. Net revenues increased 45 percent from the second quarter of 1991 when the company reported a net loss per share of (34 cents). The increase in net revenues came primarily from the company's private sector client base.
 The company cited growth in revenues from the expansion of its remediation services in the Southern and Western United States as the primary reason for the improvement in its performance. Better market conditions for the asbestos abatement services of the company's 70 percent owned subsidiary, NSC Corporation, also contributed to improved financial performance.
 James L. Kirk, chairman, president and chief executive officer said, "We are pleased with the progress in our financial performance which has been achieved in spite of the weak pace of the economic recovery. We believe we are well positioned for continued growth and improved financial results and we remain optimistic that the positive trends experienced in the first half of 1992 will continue into the second half of the year."
 OHM Corporation is a leading nationwide environmental services firm providing a broad range of hazardous waste remediation services through its more than 30 locations in the United States.
 OHM CORPORATION
 Consolidated Summary Financial Results
 (Unaudited -- in thousands, except per share amounts)
 As reported Pro forma(A)
 Quarter ended June 30 1992 1991 1991
 Gross revenues $77,512 $54,827 $54,827
 Net revenues 19,590 39,842 39,842
 Operating income (loss) 4,090 (97) (97)
 Net income (loss) from
 continuing operations 823 (4,151) (1,201)
 Net income (loss) per share
 from continuing operations $0.07 ($0.34) ($0.10)
 Weighted average number of
 common and common equivalent
 shares outstanding 12,060 12,036 12,036
 As reported Pro forma(A)
 Six months ended June 30 1992 1991 1991
 Gross revenues $143,780 $105,310 $105,310
 Net revenues 107,141 76,223 76,223
 Operating income (loss) 6,660 (2,520) (2,520)
 Net income (loss) from
 continuing operations 921 (7,658) (3,708)
 Net income (loss) per share
 from continuing operations $0.08 ($0.64) ($0.31)
 Weighted average number of
 common and common equivalent
 shares outstanding 12,060 12,032 12,032
 (A) -- Pro forma amounts for the three months and six months ended June 30, 1992 exclude special charges $1 million and $3,950,000 respectively, related to the company's share of equity losses from its joint venture with Consolidated Rail Corporation, Concord Resources Group, Inc.
 -0- 8/3/92
 /CONTACT: Cheryl Rectorschek, 419-424-4929, or (investors) Sam Iapalucci, 419-424-4924, or Pamela K. M. Beall, 419-425-6002, all of OHM/
 (OHM) CO: OHM Corporation ST: Ohio IN: SU: ERN


SH-TS -- NY001 -- 5984 08/03/92 08:43 EDT
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Date:Aug 3, 1992
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