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THERMEDICS ANNOUNCES FIRST QUARTER RESULTS

 THERMEDICS ANNOUNCES FIRST QUARTER RESULTS
 WOBURN, Mass., May 5 /PRNewswire/ -- Thermedics Inc. (AMEX: TMD)


today reported revenues of $7,940,000 for the quarter ended March 28, 1992, compared with $8,519,000 in 1991. Net income was $196,000, compared with $500,000 in 1991.
 "Our gross margin on product revenues increased in the first quarter of 1992," said John W. Wood Jr., president and chief executive officer of Thermedics. "Other expenses rose, however, due to increased costs to develop and market our detection instruments and our Thermo Cardiosystems subsidiary's ventricular-assist devices. These expenses, together with a decline in interest income due to lower interest rates, contributed to our earnings decrease."
 Thermedics develops, manufactures, and markets biomaterials, biomedical products, analytical instruments, and explosives- and drug-detection devices, and provides analytical laboratory services. Thermedics is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 THERMEDICS INC.
 Financial Highlights
 Three Months Ended
 March 28, 1992 March 30, 1991
 Revenues $7,940,000 $8,519,000
 Income before provision
 for income taxes 324,000 783,000
 Income before extraordinary
 credit 164,000 500,000
 Net income 196,000 500,000
 Earnings per share before
 extraordinary credit 1 cent 3 cents
 Earnings Per Share 1 cent 3 cents
 Weighted average shares 18,624,000 18,344,000
 -0- 5/5/92
 /CONTACT: John N. Hatsopoulos of Thermedics, 617-622-1111/
 (TMD TMO) CO: Thermedics Inc.; Thermo Electron Corporation ST: Massachusetts IN: MTC SU: ERN


SH -- NE008 -- 6399 05/05/92 09:20 EDT
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Publication:PR Newswire
Date:May 5, 1992
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