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OMC REPORTS SECOND QUARTER EARNINGS

 WAUKEGAN, Ill., April 22 /PRNewswire/ -- Outboard Marine Corporation (NYSE: OM) ("OMC") said today that lower sales in European markets and slower than expected U.S. sales growth combined to reduce the company's earnings performance in its 1993 second quarter, which ended March 31.
 OMC reported net earnings of $1 million, or five cents per share, on sales of $274.5 million for its 1993 second quarter. By comparison, OMC reported earnings of $1.8 million, or 10 cents per share, on sales of $263.7 million for the same quarter in 1992. The company said its U.S. sales increased approximately 11 percent in the quarter, while its intentional sales fell 11.5 percent.
 For the first six months of 1993, OMC reported a net loss of $17.9 million, or 92 cents per share, on sales of $452.8 million. For the same period last year, OMC reported a net loss of $16 million, or 82 cents per share, on sales of $456.9 million. For the first half of 1993, OMC said its U.S. sales increased approximately 4 percent, while its international sales decreased approximately 13 percent.
 "We are facing tough recessionary conditions that have depressed our sales and produced losses in our most important European markets," said OMC Chairman, President and Chief Executive Officer James C. Chapman.
 "Additionally," Chapman said, "the slow pace of economic recovery in the U.S. this spring produced a slower-than-expected domestic sales growth in some of our most profitable product lines. As a result, we weren't able to offset our international losses through increased domestic profits."
 Outboard Marine Corporation is a leading international marketer of marine engines, boats, accessories and services.
 OUTBOARD MARINE CORPORATION
 1993 Second Quarter Financial Highlights
 (In Millions except per share data)
 Periods ended March 31 Three Months Six Months
 1993 1992 1993 1992
 Net Sales $274.5 $263.7 $452.8 $456.9
 Gross Earnings 60.5 64.7 80.3 95.4
 Earnings (Loss)
 from Operations 7.1 12.0 (21.2) (2.9)
 Earnings (Loss) before
 Income Taxes 1.7 6.6 (30.9) (14.1)
 Net Earnings (Loss) $1.0 $1.8 $(17.9) $(16.0)
 Per share (a):
 Primary $.05 $.10 $(.92) $(.82)
 Fully Diluted $.05 $.10 $(.92) $(.82)
 Average Number of Shares
 Outstanding and Common
 Stock Equivalents
 (if applicable) 19.8 19.4 19.5 19.4
 NOTE: (a) Computed on average number of shares outstanding and common stock equivalents (if applicable) in respective periods.
 -0- 4/22/93
 /CONTACT: Wayne E. Jones, vice president-strategic planning & investor relations of Outboard Marine Corp., 708-689-5246/
 (OM)


CO: Outboard Marine Corporation ST: Illinois IN: MAR SU: ERN

TM -- NY151 -- 9835 04/22/93 20:21 EDT
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Date:Apr 22, 1993
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