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SUNBEAM-OSTER REPORTS STRONG THIRD QUARTER: SALES UP 11 PERCENT AND EPS GROWS 27 PERCENT

 SUNBEAM-OSTER REPORTS STRONG THIRD QUARTER:
 SALES UP 11 PERCENT AND EPS GROWS 27 PERCENT
 PROVIDENCE, R.I., Oct. 21 /PRNewswire/ -- Sunbeam-Oster Company, Inc. (NYSE: SOC) today announced strong results for the third-quarter and nine months ended Sept. 27, 1992. Sales for the quarter grew 11 percent to $200.1 million, almost $20 million more than the $180.4 million recorded last year. Earnings per share for the quarter increased 27 percent to $.14 per share, up from last year's $.11 per share. Net earnings for the quarter were $11.9 million, up from last year's $8.5 million.
 Sales for the first three quarters were $724.3 million, up 9 percent from the $665.5 million recorded during the comparable period last year. Nine-month earnings per share of $.55 were up 28 percent over last year's $.43 per share.
 Paul B. Kazarian, Sunbeam-Oster's chairman of the board, chief executive officer and president, said, "We are pleased that our operating performance this quarter again exceeded our targets, particularly given the economic environment that has generally persisted during 1992.
 "The Sunbeam-Oster team, which is almost 10,000 strong, remains intensely focused on the needs of our retail customers and consumers," Kazarian said. "We are growing the business consistently and predictably even in an uncertain economy.
 "Our sales growth was well-balanced allowing us to increase spending on merchandising and destination brand programs with our customers as well as on new product development, all while continuing to exceed the margin targets of our One-Company strategy," Kazarian concluded.
 Sunbeam-Oster is a leading international consumer products company that develops, manufactures, and markets a diversified portfolio of outdoor, household and specialty brand name products. The Company's Sunbeam and Oster brands have been household names for generations, and the Company is a market share leader in many of its product categories.
 SUNBEAM-OSTER COMPANY AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited, In Millions, Except EPS)
 Nine Months Ended Three Months Ended
 Pct. Pct.
 9/29/91 9/27/92 Change 9/29/91 9/27/92 Change
 Net sales $665.5 $724.3 8.8% $180.4 $200.1 10.9%
 Cost of goods
 sold 495.4 530.1 129.5 140.4
 Gross profit 170.1 194.2 14.1% 50.9 59.7 17.4%
 Percent of sales 25.6% 26.8% 28.2% 29.8%
 Selling, general &
 administrative
 expense 69.3 75.2 25.0 25.9
 Depreciation &
 amortization 18.5 21.5 5.8 7.3
 Corporate admin.
 expense 11.4 11.0 4.0 3.7
 Operating earnings 70.9 86.5 22.0% 16.1 22.8 42.0%
 Percent of sales 10.7% 11.9% 8.9% 11.4%
 Other (income)
 expense, net 5.5 7.7 1.5 2.5
 Interest expense,
 net 8.1 3.5 2.1 0.7
 Earnings before
 income taxes 57.3 75.3 12.5 19.6
 Income taxes 22.2 30.7 4.0 7.7
 Net earnings $35.1 $44.6 26.9% $8.5 $11.9 40.8%
 Net earnings per
 share:
 Primary $.44 $.57 29.5% $.11 $.15 36.4%
 Fully diluted $.43 $.55 27.9% $.11 $.14 27.3%
 Average number of
 shares outstanding:
 Primary 70.5 76.6 70.5 82.1
 Fully diluted 70.5 80.6 70.5 83.3
 -0- 10/21/92
 /CONTACT: Robert H. Setrakian, vice president and treasurer of Sunbeam-Oster Company, Inc., 401-831-8188/
 (SOC) CO: Sunbeam-Oster Company, Inc. ST: Rhode Island IN: HOU SU: ERN


CN -- NE002 -- 2695 10/21/92 09:00 EDT
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Date:Oct 21, 1992
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