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SYBRON CHEMICALS INC. REPORTS RECORD INCOME BEFORE EXTRAORDINARY ITEMS FOR 1992, INCREASING BY 52.8 PERCENT

 BIRMINGHAM, N.J., Feb. 18 /PRNewswire/ -- Sybron Chemicals Inc. (NASDAQ: SYCM) today reported that sales, operating income and income before extraordinary items for the year ended Dec. 31, 1992, reached record levels, increasing by 8.0 percent, 9.9 percent and 52.8 percent, respectively, over the previous year's results.
 Sales for 1992 were $141,593,000 compared to $131,074,000 for 1991. Operating income for 1992 was $17,694,000 versus $16,095,000 for the previous year. Income before extraordinary items for 1992 was $7,664,000, or $1.41 per share compared to $.93 per share for 1991. Per-share comparisons are based on 5,440,219 average shares outstanding in 1992, up from 5,000,000 average shares outstanding in 1991. Both of the company's business segments, Environmental Products and Services and Textile Chemical Specialties, had sales growth in 1992. The most significant growth occurred in the Europe Textile Chemicals business, Ion Exchange resins for home water conditioning, and Biochemicals for sanitary and industrial waste treatment. The growth in Europe Textile Chemical sales of 16.0 percent benefitted from a 2 percent positive currency translation effect. America textile chemical sales grew modestly in 1992.
 Operating income in the Environmental Products and Services segment for 1992 increased by 21.4 percent from 1991, driven by the strong performance of the Ion Exchange resins business for home water conditioning. Operating earnings in the Biochemical business declined as a result of planned fixed-cost additions to support and grow this business. Operating income in the Textile Chemical Specialties segment increased by 5.4 percent in 1992 as a result of the strong performance of Europe's Textile Chemical business, which realized operating earnings growth of 10.2 percent. Net income was positively impacted by lower interest costs resulting from the company's initial public offering in March of last year, a recent debt restructuring at a significantly lower interest rate and a lower effective tax rate. Net income was negatively impacted by currency losses primarily relating to the devaluation of the Italian lira against the Dutch guilder.
 Sales during the fourth quarter of 1992 declined from the 1991 level by 1.5 percent to $32,921,000. Operating income was $3,833,000, up 8.2 percent from the 1991 fourth quarter, and income before extraordinary items for the fourth quarter of 1992 was $1,630,000, an increase of 74.0 percent over the 1991 final quarter. Earnings per share before extraordinary items rose by 52.6 percent for the fourth quarter to $.29 (based on 5,650,560 average shares outstanding) from $.19 in 1991's fourth quarter (based on 5,000,000 average shares outstanding). The decline in sales principally related to the Textile Chemical segment which was adversely affected by late year softening in the U.S. market and a 2 percent negative currency translation impact in Europe. Currency translation adversely impacted Europe's operating income by 6 percent. Operating income benefitted from efficient production, fixed-cost controls and a favorable product mix.
 Sybron Chemicals Inc., which changed its name recently from Sybron Chemical Industries Inc., is an international specialty company that 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 CHEMICALS INC.
 (In thousands, except percentages and share data)
 12 Months Ended Dec. 31 1992 1991
 Pct. of Pct. of
 Amount Sales Amount Sales
 Sales:
 Environmental Prod. and Svcs $51,505 36.4 $ 48,827 37.3
 Textile Chemical Specialties 90,088 63.6 82,247 62.7
 Total 141,593 100.0 131,074 100.0
 Gross Margin:
 Environmental Prod. and Svcs 16,055 31.2 13,896 28.5
 Textile Chemical Specialties 39,132 43.4 35,110 42.7
 Total 55,187 39.0 49,006 37.4
 Operating Income:
 Environmental Prod. and Svcs 5,503 10.7 4,532 9.3
 Textile Chemical Specialties 12,191 13.5 11,563 14.1
 Total 17,694 12.5 16,095 12.3
 Other Income (Expense) (4,621) (3.3) (6,568) (5.0)
 Income before Income Taxes and
 Extraordinary Item 13,073 9.2 9,527 7.3
 Provision for Income Taxes 5,409 3.8 4,511 3.5
 Income Before Extraordinary Item 7,664 5.4 5,016 3.8
 Extraordinary Item,
 Net of Income Taxes (1,099) (0.8) (98) 0.0
 Net Income $ 6,565 4.6 $ 4,918 3.8
 Average Shares 5,440,219 --- 5,000,000 ---
 INCOME PER COMMON SHARE:
 Before Extraordinary Item $ 1.41 --- $ 0.93 ---
 Extraordinary Item,
 extinguishment of debt $ (.20) --- $ (0.02) ---
 Net Income Per Common Share $ 1.21 --- $ 0.91 ---
 Quarter Ended Dec. 31 1992 1991
 Pct. of Pct. of
 Amount Sales Amount Sales
 (In thousands, except percentages and share data)
 Sales
 Environmental Prod. and Svcs $12,071 36.7 $11,917 35.7
 Textile Chemical Specialties 20,850 63.3 21,497 64.3
 Total 32,921 100.0 33,414 100.0
 Gross Margin
 Environmental Prod. and Svcs 4,299 35.6 3,044 25.5
 Textile Chemical Specialties 8,933 42.8 9,297 43.2
 Total 13,232 40.2 12,341 36.9
 Operating Income
 Environmental Prod. and Svcs 1,523 12.6 660 5.5
 Textile Chemical Specialties 2,310 11.1 2,882 13.4
 Total 3,833 11.6 3,542 10.6
 Other Income (Expense) (1,073) (3.2) (1,719) (5.1)
 Income before Income Taxes and
 Extraordinary Item 2,760 8.4 1,823 5.5
 Provision for Income Taxes 1,130 3.4 886 2.7
 Income Before Extraordinary Item 1,630 5.0 937 2.8
 Extraordinary Item,
 Net of Income Taxes 0 0.0 (98) (0.3)
 Net Income $ 1,630 5.0 $ 839 2.5
 Average Shares 5,650,560 --- 5,000,000 ---
 INCOME PER COMMON SHARE:
 Before Extraordinary Item $ 0.29 --- $ 0.19 ---
 Extraordinary Item,
 extinguishment of debt $ 0.00 --- $ 0.02 ---
 Net Income Per Common Share $ 0.29 --- $ 0.17 ---
 /delval/
 -0- 2/18/93
 /CONTACT: Sidney H. Cohen, CFO of Sybron Chemical Industries, 609-893-1100/
 (SYCM)


CO: Sybron Chemical Industries Inc. ST: New Jersey IN: CHM SU: ERN

LJ -- PH005 -- 7669 02/18/93 08:22 EST
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