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THERMO ELECTRON ANNOUNCES RECORD THIRD QUARTER EARNINGS

      THERMO ELECTRON ANNOUNCES RECORD THIRD QUARTER EARNINGS
    WALTHAM, Mass., Nov. 5 /PRNewswire / -- Thermo Electron Corporation (NYSE: TMO) today reported record net income of $13.6 million, or 54 cents per share, on sales of $192.0 million for the quarter ended Sept. 28, 1991, compared with net income of $9.6 million, or 44 cents per share, on sales of $184.6 million for the third quarter a year ago.
    For the nine-month period, net income rose to $32.9 million, or $1.42 per share, also records,  on sales of $585.3 million, compared with net income of $24.8 million, or $1.17 per share, on sales of $503.8 million for the period a year ago.
    "We have continued to benefit from strong, international positions and improved profit margins in our paper-recycling equipment and environmental and analytical instrumentation businesses," said Dr. George N. Hatsopoulos, chairman and president of Thermo Electron.
    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         Nine Months Ended
                       9/28/91    9/29/90        9/28/91     9/29/90
    Revenues       $192,032,000 $184,604,000  $585,331,000 $503,830,000
    Income before
     provision for
     taxes           19,187,000   16,478,000    48,497,000   34,947,000
    Net income       13,605,000    9,573,000    32,901,000   24,799,000
    Earnings
     per share         54 cents     44 cents         $1.42        $1.17
    Weighted average
     shares          25,414,000   21,731,000    23,250,000   21,282,000
    ---
    NOTE: Financial data has been restated to reflect the September 1991 acquisition of International Technidyne Corporation accounted for under the pooling-of-interests method.
    -0-                         11/5/91
    /CONTACT:  John N. Hatsopoulos, executive vice president and chief financial officer of Thermo Electron Corporation, 617-622-1111/
    (TMO) CO:  Thermo Electron Corporation ST:  Massachusetts IN: SU:  ERN SH -- NE003 -- 1092 11/05/91 08:45 EST
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Publication:PR Newswire
Date:Nov 5, 1991
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