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THERMO ELECTRON ANNOUNCES FIRST QUARTER RESULTS

 THERMO ELECTRON ANNOUNCES FIRST QUARTER RESULTS
 WALTHAM, Mass., May 5 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO) today reported net income of $12.6 million, or 48 cents per share, on sales of $204.4 million, compared with net income of $8.6 million, or 39 cents per share, on sales of $195.5 million for the first quarter a year ago.
 Dr. George N. Hatsopoulos, chairman and president of Thermo Electron, said, "Our company finished the quarter with a stronger balance sheet, providing the resources needed for continued growth in the global markets we serve. The 20 percent increase in the number of shares outstanding reflects two private placements of shares of common stock and the conversion of debentures."
 Thermo Electron develops, manufactures, and markets environmental and analytical instruments, custom-engineered and pre-packaged cogeneration systems, industrial process equipment, biomedical materials and products, and fabricated biomedical and aerospace components. The company also provides metallurgical heat treating, water quality engineering, and analytical laboratory services.
 THERMO ELECTRON CORPORATION
 Financial Highlights
 Three Months Ended
 March 28, 1992 March 30, 1991
 Revenues $204,385,000 $195,490,000
 Income before
 provision for taxes 17,124,000 13,534,000
 Net income 12,634,000 8,584,000
 Earnings per share 48 cents 39 cents
 Weighted average shares 26,316,000 21,947,000
 -0- 5/5/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO) CO: Thermo Electron Corporation ST: Massachusetts IN: SU: ERN


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Publication:PR Newswire
Date:May 5, 1992
Words:248
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