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THERMAL INDUSTRIES, INC. ANNOUNCES YEAR END REPORT

 PITTSBURGH, Sept. 15 /PRNewswire/ -- David H. Weis, president of Thermal Industries, Inc. (NASDAQ: THMP), today reported fourth quarter and fiscal year-end earnings.
 THERMAL INDUSTRIES, INC.
 Financial Data
 Period Ending Quarter Year-end
 June 30 1993 1992 1993 1992
 Net sales $7,905,000 $8,030,000 $29,500,000 $28,600,000
 Net income 160,000 497,000 1,240,000 1,575,000
 Income per share $.08 $.25 $.64 $.81
 Comments: Fourth quarter sales were flat, while full year sales were up 3 percent. Quarter and full year net income was down due to higher expenses. It is anticipated that a general price increase effective Oct. 1, 1993, will offset these higher expenses. This is the first price increase in 2-1/2 years.
 The annual report will be mailed in early October. The annual meeting will be held Nov. 5, 1993.
 -0- 9/15/93
 /CONTACT: E. Rascoe, treasurer of Thermal Industries, 412-244-6400/
 (THMP)


CO: Thermal Industries, Inc. ST: Pennsylvania IN: CST SU: ERN

CD-MP -- PG010 -- 2336 09/15/93 15:08 EDT
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Publication:PR Newswire
Date:Sep 15, 1993
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