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TAMBRANDS ANNOUNCES 1991 RESULTS

 TAMBRANDS ANNOUNCES 1991 RESULTS
 WHITE PLAINS, N.Y., Feb. 3 /PRNewswire/ -- Tambrands Inc.


(NYSE: TMB) reported today that sales for the year and the fourth quarter ended Dec. 31, 1991 reached record high levels for any comparable period.
 Earnings for the year were lower than earnings in 1990, largely as a result of a one-time charge of $23 million after tax in the fourth quarter of 1991, related to the company's worldwide manufacturing restructuring and its decision to exit non-tampon businesses in Brazil. Earnings also were affected by the previously announced restaging of Tampax tampons in the United States and the decrease in earnings in Brazil.
 For the year, net sales were $660,722,000, an increase of 5 percent over 1990 sales. Net earnings in 1991 were $79,035,000, down from 1990 primarily because of the $23 million after-tax charge. Earnings per share in 1991 were $1.92, or 17 percent lower than in 1990.
 "The Tampax tampon franchise is healthy around the world," said Martin F.C. Emmett, Tambrands chairman, president and chief executive officer. "The restaging of Tampax tampons in the United States has increased our profitability in that important market, and our European and Canadian businesses posted excellent results in 1991. We ended 1991 on an upswing in worldwide Tampax tampon volume, and our momentum will continue in 1992."
 Fourth quarter net sales were $173,884,000, compared to $150,860,000 in the fourth quarter of 1990. Net earnings were $3,892,000 or 9 cents per share after the one-time charge of $23 million in the fourth quarter, compared to $18,041,000 or 43 cents per share in the 1990 period.
 Tambrands is a multinational manufacturer and marketer of personal care products, principally Tampax(R) tampons, which are sold in over 135 countries around the world.
 TAMBRANDS INC.
 Consolidated Income Statement
 (In thousands, except per share figures)
 Periods ended Three Months Pct. 12 Months Pct.
 Dec. 31 1991 1990(A) Chng. 1991 1990(A) Chng.
 Net sales $173,884 $150,860 15 $660,722 $631,511 5
 Cost of prods. sold 58,862 58,875 -- 242,567 246,083 (1)
 Gross profit 115,022 91,985 25 418,155 385,428 8
 Selling, admin.
 and general:
 Marketing, selling
 and distribution 54,785 46,494 18 194,646 172,264 13
 Admin. & general 16,144 19,007 (15) 63,027 63,238 --
 Restructuring and
 other charges 30,348 -- -- 30,348 -- --
 Total 101,277 65,501 55 288,021 235,502 22
 Operating income 13,745 26,484 (48) 130,134 149,926 (13)
 Interest income, net
 and other (256) 2,062 -- 1,691 4,770 (65)
 Earnings bef. taxes 13,489 28,546 (53) 131,825 154,696 (15)
 Provision for taxes 9,597 10,505 (9) 52,790 56,928 (7)
 Net earnings $ 3,892 $ 18,041 (78) $ 79,035 $ 97,768 (19)
 Net earnings
 per share $0.09 $0.43 $1.92 $2.30
 Average shares
 outstanding 40,974 41,606 41,216 42,524
 (A) -- Reflects the reclassification of certain manufacturing administrative expenses to conform to the 1991 presentation.
 -0- 2/3/92
 /CONTACT: Paul E. Konney, senior vice president of Tambrands, 914-696-6688/
 (TMB) CO: Tambrands Inc. ST: New York IN: HOU SU: ERN


GK-TS -- NY014 -- 6018 02/03/92 09:14 EST
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Date:Feb 3, 1992
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