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SYBRON FIRST HALF SALES, EARNINGS, NET UP FROM YEAR AGO; SECOND QUARTER ALSO UP

 SYBRON FIRST HALF SALES, EARNINGS, NET UP FROM YEAR AGO;
 SECOND QUARTER ALSO UP
 MILWAUKEE, April 10 /PRNewswire/ -- Sybron Corp. (formerly Sybron Acquisition Company) today announced financial results for the first half of its fiscal year ending Sept. 30, 1992, and results for the second quarter ended March 31, 1992. Net sales for the first half totaled $184.5 million, compared to $170.8 million for the same period of fiscal 1991, an increase of 8.0 percent. Earnings before interest, taxes, depreciation and amortization for the first half of fiscal 1992 were $47.1 million compared to $40.2 million for the 1991 first half, up 17.0 percent.
 Net sales for the second quarter ended March 31, 1992, totaled $97.4 million, compared to 88.9 million for the same period in 1991, an increase of 9.5 percent. Earnings before interest, taxes, depreciation and amortization were $26.0 million, compared to $20.2 million for the corresponding 1991 period, a increase of 28.4 percent.
 The company had net income of $7.6 million for the first half of fiscal 1992 compared to a net income before the cumulative effect of a change in accounting method related to the treatment of retiree health benefits of $0.2 million for the corresponding 1991 period.
 Sybron is continuing to pay its regular quarterly stock dividend on its $4.125 cumulative senior exchangeable preferred stock. The current dividend is payable May 15, 1992, in additional shares of the senior exchangeable preferred stock to holders of record on May 1, 1992.
 The company also provided the following information on its operations for the first half of fiscal 1992, the second quarter of fiscal 1992 and comparable prior year periods.
 SYBRON CORP.
 (Millions of Dollars)
 First half ended March 31: 1992 1991
 Net sales $184.5 $170.8
 Gross profits 90.5 80.4
 SG&A expenses 56.2 54.1
 Income before income taxes 14.1 4.1
 Income taxes 6.5 4.2
 Net income (loss) 7.6 (5.0)
 Second quarter ended March 31: 1992 1991
 Net sales $97.4 $88.9
 Gross profits 49.0 41.7
 SG&A expenses 29.3 27.8
 Income before income taxes 9.5 2.6
 Income taxes 3.9 2.2
 Net income 5.6 .4
 Sybron conducts its businesses through five principal operating subsidiaries, which design, manufacture and market laboratory and dental products worldwide. Subsidiaries include Kerr Manufacturing Company, Romulus, Mich.; Nalge Company, Penfield, N.Y.; Erie Scientific Company, Portsmouth, N.H.; Barnstead/Thermolyne Corp., Dubuque, Iowa, and Ormco Corp., Glendora, Calif.
 -0- 4/10/92
 /CONTACT: R. Jeffrey Harris of Sybron, 414-274-6600; or S. Joseph Moran of Hoffman York and Compton, 414-289-9700, for Sybron/ CO: Sybron Corp. ST: Wisconsin IN: HEA SU: ERN


TS -- NY019 -- 7155 04/10/92 10:47 EDT
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Publication:PR Newswire
Date:Apr 10, 1992
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