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STI GROUP ANNOUNCES THIRD QUARTER RESULTS

 STAMFORD, Conn., Nov. 16 ~PRNewswire~ -- STI Group, Inc. (NYSE: SPG) today reported a net loss for the third quarter of 1992 of $0.7 million, or $0.04 per share, compared to a net loss of $0.2 million, or $0.01 per share for the third quarter of 1991. For the first nine months of 1992, the company recorded a net loss of $9.0 million, or $0.50 per share, compared to net income of $8.1 million, or $0.45 per share for the nine months ended Sept. 30, 1991. The nine months 1992 results include a special charge of $7.0 million in the second quarter primarily related to provisions for environmental and workers compensation matters. Included in the nine month results for 1991 was a gain of $8.5 million on the sale of STI's investment in Nichicon-Sprague Corporation.
 The company reported that results for the third quarter and the first nine months of 1992 do not include net sales from its remaining electronic component operations which are classified as businesses held for sale. Investment income reported for the 1992 periods primarily reflects earnings from the investment of the net proceeds from the sale of the company's tantalum capacitor and U.S. thick film businesses in February 1992.
 STI GROUP, INC.
 Financial Highlights
 (In millions except per share amounts)
 Periods ended Three Months Nine Months
 Sept. 30 1992 1991 1992 1991
 Net sales $ - $69.9 $ - $222.5
 Investment income 0.9 0.8 2.8 1.8
 Special charge - - 7.0 -
 Operating income (loss) (0.4) - (7.4) 3.1
 Gain on sale of investment - - - 8.5
 Income (loss) before
 income taxes (0.5) (1.2) (8.6) 8.1
 Net income (loss) (0.7) (0.2) (9.0) 8.1
 Earnings (loss)
 per share $(0.04) $(0.01) $(0.50) $0.45
 Average shares outstanding 18.0 18.0 18.0 18.0
 -0- 11~16~92
 ~CONTACT: R. Kevin Matz, assistant treasurer of STI Group, Inc., 203-964-8628~
 (SPG)


CO: STI Group, Inc. ST: Connecticut IN: SU: ERN

TM-WB -- NY120 -- 1517 11~16~92 17:29 EST
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Publication:PR Newswire
Date:Nov 16, 1992
Words:353
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