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SYBRON CHEMICAL INDUSTRIES ANNOUNCES QUARTERLY EPS BEFORE EXTRAORDINARY ITEMS INCREASED 33.3 PERCENT

 SYBRON CHEMICAL INDUSTRIES ANNOUNCES QUARTERLY EPS
 BEFORE EXTRAORDINARY ITEMS INCREASED 33.3 PERCENT
 BIRMINGHAM, N.J., July 23 /PRNewswire/ -- Sybron Chemical Industries Inc. (NASDAQ: SYCM) today reported that its sales, operating income and net income before extraordinary items for the second quarter ending June 30, 1992, increased by 15.2 percent, 8.6 percent and 40.6 percent, respectively, over the same quarter of 1991.
 Earnings per share before extraordinary items rose 33.3 percent in the second quarter of 1992 to $.52 (based on 5,590,132 average shares outstanding) from $.39 in last year's second quarter (based on 5 million average shares outstanding).
 For the first six months of 1992, sales, operating income and net income before extraordinary items increased by 13.5 percent, 13.5 percent and 46.9 percent, respectively, over the corresponding period of 1991. Earnings per share before extraordinary items rose 50.0 percent.
 Second quarter 1992 sales and operating income were $38,391,000 and $5,960,000 respectively, compared with $33,317,000 and $5,488,000 in 1991. Net income for the second quarter of 1992, before an extraordinary item of $175,000 related to the early retirement of long- term debt was $2,898,000 compared with $2,061,000 in 1991.
 Sales for the second quarter increased in each of the company's business segments, Environmental Products and Services and Textile Chemical Specialties, primarily due to a strong recovery in the U.S. home water softening market and substantial volume growth in the company's Europe division. The Europe textile chemical sales were boosted by substantial shipments to the former U.S.S.R. and a positive currency translation effect of 6.0 percent. U.S. textile chemical sales declined modestly, reflecting the decision of a large customer to produce a portion of their requirements in-house.
 Operating income for the second quarter benefitted from the general increase in volume and higher operating margins in Europe. Operating margins in the Environmental Products and Services Segment, while ahead of the first quarter of 1992, trailed the second quarter of 1991, reflecting additional costs for building the biochemical waste treatment business. Net income was favorably impacted by lower interest costs resulting from utilization of funds derived from the company's recent public stock offering to repay high interest rate debt and favorable transactional currency gains.
 Sybron Chemical Industries Inc., which began trading publicly on March 31, 1992, is an international specialty chemical company which develops, produces and markets products and related services in two main markets: environmental (primarily related to water and waste treatment) and textile dyeing and finishing.
 SYBRON CHEMICAL INDUSTRIES INC.
 (In thousands, except percentages and share data)
 Quarter ended June 30 1992 1991
 Amount Pct. Amount Pct.
 Sales: of sales of sales
 Environmental Products
 and Services $13,036 34.0 $12,225 36.7
 Textile Chemical Specialties 25,355 66.0 21,092 63.3
 Total 38,391 100.0 33,317 100.0
 Gross Margin:
 Environmental Products
 and Services 4,116 31.6 3,992 32.7
 Textile Chemical Specialties 11,527 45.5 9,351 44.3
 Total 15,643 40.7 13,343 40.0
 Operating Income:
 Environmental Products
 and Services 1,495 11.5 1,792 14.7
 Textile Chemical Specialties 4,465 17.6 3,696 17.5
 Total 5,960 15.5 5,488 16.5
 Other Income (expense) (1,007) (2.6) (1,591) (4.8)
 Income Before Income Taxes
 and Extraordinary Item 4,953 12.9 3,897 11.7
 Provision for Income Taxes 2,055 5.4 1,836 5.5
 Income Before Extraordinary Item 2,898 7.5 2,061 6.2
 Extraordinary Item, Net of
 Income Taxes (175) (0.4) --- ---
 Net Income $2,723 7.1 $2,061 6.2
 Average Shares 5,590,132 --- 5,000,000 ---
 Income Per Common Share:
 Before Extraordinary Item $.52 --- $.39 ---
 Extraordinary Item (.03) --- --- ---
 Net Income Per Common Share .49 --- .39 ---
 Six Months Ended June 30 1992 1991
 Amount Pct. Amount Pct.
 Sales: of sales of sales
 Environmental Products
 and Services $25,949 34.5 $24,061 36.3
 Textile Chemical Specialties 49,271 65.5 42,220 63.7
 Total 75,220 100.0 66,281 100.0
 Gross Margin:
 Environmental Products
 and Services 7,792 30.0 7,124 29.6
 Textile Chemical Specialties 21,929 44.5 18,499 43.8
 Total 29,721 39.5 25,623 38.7
 Operating Income:
 Environmental Products
 and Services 2,667 10.3 2,635 11.0
 Textile Chemical Specialties 8,117 16.5 6,868 16.3
 Total 10,784 14.3 9,503 14.3
 Other Income (expense) (2,460) (3.2) (3,261) (4.9)
 Income Before Income Taxes
 and Extraordinary Item 8,324 11.1 6,242 9.4
 Provision for Income Taxes 3,471 4.6 2,938 4.4
 Income Before Extraordinary Item 4,853 6.5 3,304 5.0
 Extraordinary Item, Net of
 Income Taxes (175) (0.3) --- ---
 Net Income $4,678 6.2 $3,304 5.0
 Average Shares 5,227,308 --- 5,000,000 ---
 Income Per Common Share:
 Before Extraordinary Item $.93 --- $.62 ---
 Extraordinary Item (.03) --- --- ---
 Net Income Per Common Share .90 --- .62 ---
 /delval/
 -0- 7/23/92
 /CONTACT: Sid Cohen of Sybron Chemical Industries, 609-893-1100/
 (SYCM) CO: Sybron Chemical Industries Inc. ST: New Jersey IN: CHM SU: ERN


MK-MP -- PH012 -- 2428 07/23/92 10:55 EDT
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Date:Jul 23, 1992
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