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TECNOL MEDICAL PRODUCTS REPORTS RECORD SECOND-QUARTER RESULTS

 TECNOL MEDICAL PRODUCTS REPORTS RECORD SECOND-QUARTER RESULTS
 FORT WORTH, Texas, June 22 /PRNewswire/ -- Tecnol Medical Products, Inc. (NASDAQ: TCNL), today reported record second quarter revenues and earnings for the three months ended May 29, 1992. Net sales increased 19.5 percent and net income increased 20.3 percent over the second quarter of fiscal 1991.
 Second quarter net sales were $17.1 million, compared with $14.3 million in the second quarter of 1991. Net income increased 20.3 percent in the second quarter to $3.0 million, or $0.23 per share, versus $2.5 million, or $0.21 per share, reported in the same quarter of 1991.
 Net sales for the six months of fiscal 1992 increased 15.5 percent to $30.6 million, up from $26.5 million for the same period of the previous year. Net income increased to $5.0 million, up 20.8 percent from the $4.2 million for the same period last year. Per share earnings for the six months were $0.38, up from the $0.35 reported in the previous year.
 Earnings per share for the second quarter and six months ended May 29, 1992, reflect an 11 percent increase in the weighted average number of shares outstanding for the 1992 period over the 1991 period.
 Van Hubbard, chairman and chief executive officer, said, "We attribute our record growth in second quarter revenues and earnings to strong domestic orders from hospitals through our major distributor. In addition, we had increased acceptance of new products and expansion in the orthopedic, dental and industrial markets. Looking ahead, we expect to see continued strong demand domestically, with increasing contributions from our international operations through the rest of the year."
 Tecnol Medical Products, Inc., designs, manufactures, and markets disposable medical products which are sold in approximately 50 countries, primarily under the Tecnol brand name. Tecnol is the market share leader in the sales of face masks, ice packs and patient safety restraints to U.S. hospitals.
 TECNOL MEDICAL PRODUCTS, INC.
 Consolidated Income Statement
 (In thousands, except per share amounts)
 Second Quarter Ended 5/29/92 5/31/91 Pct. Inc.
 Net sales $ 17,064 $ 14,279 19.5
 Income from operations 4,372 3,751 16.5
 Net income $ 2,964 $ 2,463 20.3
 Net income per share $0.23 $0.21 9.5
 Average shares outstanding 13,131 11,786 11.4
 Six Months Ended 5/29/92 5/31/91 Pct. Inc.
 Net sales $ 30,643 $ 26,536 15.5
 Income from operations 7,294 6,302 15.7
 Net income $ 5,017 $ 4,152 20.8
 Net income per share $0.38 $0.35 8.6
 Average shares outstanding 13,076 11,777 11.0
 Selected Balance Sheet Data
 (In thousands)
 5/29/92 11/29/91
 Working capital $ 28,171 $ 38,814
 Total assets 68,906 60,714
 Long-term debt 4,100 4,301
 Total stockholders' equity $ 56,728 $ 50,098
 -0- 6/22/92
 /CONTACT: Robert Borchert, 212-986-5900, or Ken Pieper or Virginia Cleveland, 214-701-8851, all of Morgen-Walke Associates, for Tecnol Medical Products/
 (TCNL) CO: Tecnol Medical Products, Inc. ST: Texas IN: HEA SU: ERN


GK-TQ -- NY012 -- 2259 06/22/92 09:30 EDT
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Date:Jun 22, 1992
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