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SYBRON CHEMICAL INDUSTRIES INC. ANNOUNCES QUARTERLY EPS BEFORE EXTRAORDINARY ITEMS INCREASED 50 PERCENT

 SYBRON CHEMICAL INDUSTRIES INC. ANNOUNCES


QUARTERLY EPS BEFORE EXTRAORDINARY ITEMS INCREASED 50 PERCENT
 BIRMINGHAM, N.J., Oct. 22 /PRNewswire/ -- Sybron Chemical Industries Inc. (NASDAQ: SYCM) today reported that sales, operating income and income before extraordinary items for the third quarter ending Sept. 30, 1992 increased by 6.6 percent, 1 percent and 52.4 percent respectively over the same quarter of 1991.
 Earnings per share before extraordinary items rose 50.0 percent in the third of 1992 to $.21 (based on 5,650,560 average shares outstanding) from $.14 in last year's third quarter (based on 5,000,000 average shares outstanding).
 For the first nine months of 1992, sales, operating income and income before extraordinary items increased by 11.3 percent, 10.4 percent and 47.9 percent over the corresponding period of 1991. Earnings per share before extraordinary items rose by 47.4 percent.
 Sales and operating earnings in the third quarter were $33,452,000 and $3,077,000 respectively compared to $31,379,000 and $3,050,000 in 1991. Income for the third quarter of 1992, before an extraordinary item of $924,000 for costs related to the early retirement of $18,402,296 of long term debt, was $1,181,000 compared with $775,000 in 1991.
 Sales during the third quarter of 1992 increased in each of the company's business segments, Environmental Products and Services and Textile Chemical Specialties. The volume growth occurred predominantly in Biochemicals for sanitary and industrial waste treatment, Europe Textile Chemicals and Ion Exchange Resins for home and industrial water conditioning. The growth in Europe Textile Chemical sales of 23.4 percent was aided by a positive currency translation effect of 15.4 percent. U.S. Textile Chemical sales continued to feel the effect of an earlier move by a large customer to produce a portion of their requirements in-house.
 Operating income in the Environmental Products and Services segment increased by 6.1 percent during the third quarter of 1992. This improvement was related to the strong performance of the company's Ion Exchange Resins business unit, tempered somewhat by selected fixed cost additions to help grow the Biochemicals business. Operating income in the Textile Chemical Specialties segment was down slightly during the third quarter of 1992 vs. 1991 due to the U.S. unit's volume decrease and the effect of the Europe division's currency translation to dollars which increased fixed costs more substantially than sales. Net income was favorably impacted by lower interest costs which resulted from the utilization of funds derived from the company's recent public stock offering to repay high interest rate debt, a recent debt restructuring which significantly lowered the company's interest rate on the majority of its remaining debt and a lower effective tax rate. Net income was negatively impacted by the recent devaluation of the Italian lira against the Dutch guilder which caused currency losses.
 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 Sept. 30 1992 1991
 Pct. of Pct. of
 Amount Sales Amount Sales
 Sales
 Environmental Products
 and Services $13,485 40.3 $12,849 40.9
 Textile Chemical Specialties 19,967 59.7 18,530 59.1
 Total 33,452 100.0 31,379 100.0
 Gross Margin
 Environmental Products
 and Services 3,964 29.4 3,728 29.0
 Textile Chemical Specialties 8,270 41.4 7,314 39.5
 Total 12,234 36.6 11,042 35.2
 Operating Income
 Environmental Products and
 Services 1,313 9.7 1,237 9.6
 Textile Chemical Specialties 1,764 8.8 1,813 9.8
 Total 3,077 9.2 3,050 9.7
 Other Income (Expense) (1,088) (3.3) (1,588) (5.1)
 Income before Income Taxes and
 Extraordinary Item 1,989 5.9 1,462 4.6
 Provision for Income Taxes 808 2.4 687 2.2
 Income Before Extraordinary Item 1,181 3.5 775 2.4
 Extraordinary Item, Net
 of Inc. Taxes (924) (2.7) -- --
 Net Income $ 257 .8 $ 775 2.4
 Average Shares 5,650,560 5,000,000
 INCOME PER COMMON SHARE
 Before Extraordinary Item $ 0.21 $ 0.14
 Extraordinary Item $ (0.16) $ --
 Net Income Per Common Share $ 0.05 $ 0.14
 Nine Months Ended Sept. 30 1992 1991
 Pct. of Pct. of
 Amount Sales Amount Sales
 Sales
 Environmental Products
 and Services $39,434 36.3 $36,910 37.8
 Textile Chemical Specialties 69,238 63.7 60,750 62.2
 Total 108,672 100.0 97,660 100.0
 Gross Margin
 Environmental Products
 and Services 11,756 29.8 10,852 29.4
 Textile Chemical Specialties 30,199 43.6 25,813 42.5
 Total 41,955 38.6 36,665 37.5
 Operating Income
 Environmental Products
 and Services 3,980 10.1 3,872 10.5
 Textile Chemical Specialties 9,881 14.3 8,681 14.3
 Total 13,861 12.8 12,553 12.9
 Other Income (Expense) (3,548) (3.3) (4,849) (5.0)
 Income before Income Taxes and
 Extraordinary Item 10,313 9.5 7,704 7.9
 Provision for Income Taxes 4,279 3.9 3,625 3.7
 Income Before Extraordinary Item 6,034 5.6 4,079 4.2
 Extraordinary Item, Net of
 Inc. Taxes (1,099) (1.0) -- --
 Net Income $4,935 4.6 $4,079 4.2
 INCOME PER COMMON SHARE
 Before Extraordinary Item $ 1.12 $ 0.76
 Extraordinary Item $ (.20) $ --
 Net Income Per Common Share $ 0.92 $ 0.76
 /delval/
 -0- 10/22/92
 /CONTACT: Sidney H. Cohen, chief financial officer of Sybron Chemical Industries, 609-893-1100/
 (SYCM) CO: Sybron Chemical Industries Inc. ST: New Jersey IN: CHM SU: ERN


LJ -- PH008 -- 3336 10/22/92 09:08 EDT
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Date:Oct 22, 1992
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