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PREMARK POSTS SHARPLY HIGHER EARNINGS

 DEERFIELD, Ill., April 19 /PRNewswire/ -- Premark International, Inc. (NYSE: PMI) announced today that first-quarter net income increased 26 percent to $24 million, or 72 cents per share, excluding the one-time impact of adopting new accounting standards in the prior year. Significantly improved income from operations was the key factor in the company's sharply higher first-quarter earnings. Sales rose 4 percent to $706 million.
 For 1992, Premark reported a restated loss of $64.8 million, or $1.97 per share, which included a net charge of $83.9 million for the cumulative effect of changes in the methods of accounting for post- retirement benefits other than pensions and income taxes.
 The improvement in 1993 net income reflects substantially higher results in Tupperware Europe, a smaller loss in Tupperware's U.S. operations due to cost reduction efforts, and increased profit at West Bend. These improvements were partially offset by a significant decline in Tupperware's Asia Pacific operations and economy-related weakness in the Food Equipment Group's European unit. A lower tax rate also contributed to higher earnings.
 "We're off to a good start in 1993," said Warren L. Batts, Premark chairman and chief executive officer, "despite weak economic conditions in Europe and the Asia Pacific region and soft markets for our commercial food equipment business. At Tupperware, Germany continues to set the pace for Europe's strong performance, and the savings we anticipated from the restructuring of Tupperware's U.S. operations are on track. We're also encouraged by the progress in our consumer and decorative products businesses as the U.S. economy slowly recovers. We currently expect the second quarter to improve over last year as we continue to build on our market strengths and focus on trimming costs."
 Premark International, Inc. is a $2.9 billion multinational company that markets premium products under leading brand names such as Tupperware, Hobart, Vulcan, Wilsonart, Florida Tile, Hartco, West Bend and Precor. Premark stock is listed on the New York, Pacific and London Stock Exchanges.
 PREMARK INTERNATIONAL, INC.
 Condensed Consolidated Statement of Operations
 (Unaudited, in millions except per share data)
 Percent
 13 Weeks ended 3/27/93 3/28/92 Increase
 (Decrease)
 Sales:
 Tupperware $275.2 $252.5 9.0
 Food Equipment 233.6 250.0 (6.6)
 Consumer and decorative products 197.3 175.9 12.2
 Total $706.1 $678.4 4.1
 Segment profit
 Tupperware $ 26.0 $ 20.3 28.4
 Food equipment 6.6 8.2 (19.9)
 Consumer and decorative products 11.7 9.7 20.6
 Total 44.3 38.2 16.0
 Unallocated Expenses (5.0) (3.2) 57.4
 Interest expense, net (6.0) (6.9) (13.1)
 Income before income taxes
 and cumulative effect of
 accounting changes 33.3 28.1 18.3
 Provision for income taxes 9.3 9.0 2.9
 Income before cumulative effect
 of accounting changes 24.0 19.1 25.7
 Cumulative effect of change in
 Accounting for:
 Income taxes 0.0 15.0 (-)
 Postretirement benefits
 (net of tax effect of $41.1) 0.0 (98.9) +
 Net income (loss) $ 24.0 ($ 64.8) +
 Net income (loss) per common share:
 Before cumulative effect of
 accounting changes $ 0.72 $ 0.58 24.1
 Cumulative effect of change in
 accounting for:
 Income Taxes 0.00 0.46 (-)
 Postretirement Benefits 0.00 (3.01) +
 Net income (loss) per common share $ 0.72 ($ 1.97) +
 average number of common shares 33.2 32.9
 -0- 4/19/93
 /CONTACT: George Shafer of Premark International, 708-405-6252/
 (PMI)


CO: Premark International, Inc. ST: Illinois IN: HOU SU: ERN

WB -- NY115 -- 7645 04/19/93 17:27 EDT
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Date:Apr 19, 1993
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