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THERMO ELECTRON ANNOUNCES RECORD THIRD QUARTER RESULTS

 WALTHAM, Mass., Nov. 10 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO) today reported sales of $318.4 million for the third quarter, ended Oct. 2, 1993, with net income of $20.9 million, or $.45 per share. For the third quarter a year ago, sales were $242.9 million, with net income of $15.5 million, or $.39 per share.
 George N. Hatsopoulos, chairman and president of Thermo Electron, said, "Our record sales and net income for the quarter are a result of strategic acquisitions that complement our existing businesses and will allow us to accelerate our introduction of new technologies in commercial markets."
 Thermo Electron Corporation is a world leader in environmental monitoring and analysis instruments and a major manufacturer of biomedical products including heart-assist devices and mammography systems, papermaking and recycling equipment, alternative-energy systems, and other specialized products. The company also provides environmental and metallurgical services and conducts advanced technology research and development. With annual worldwide sales of more than $1 billion, Thermo Electron has 8,500 employees and operations in 14 countries. Headquarters are in Waltham, Mass.
 Thermo Electron Corporation Financial Highlights
 Three Months Ended Nine Months Ended
 Oct. 2, Sept. 26, Oct. 2, Sept. 26,
 1993 1992 1993 1992
 Revenues $318,380,000 $242,918,000 $911,592,000 $657,368,000
 Inc. before
 inc. taxes
 & cumulative
 effect of
 change in
 accounting
 principle 37,673,000 24,791,000 83,877,000 64,664,000
 Inc. before
 cumulative
 effect of
 change in
 accounting
 principle 20,923,000 15,516,000 53,977,000 42,054,000
 Cumulative
 effect of
 change in
 accounting
 principle --- --- --- 1,438,000
 Net income 20,923,000 15,516,000 53,977,000 40,616,000
 Earnings per
 share before
 cumulative
 effect of
 change in
 accounting
 principle (a) .45 .39 1.27 1.05
 Earnings per
 share (a) .45 .39 1.27 1.02
 Weighted
 average
 shares (a) 46,253,000 40,162,000 42,487,000 39,920,000
 NOTE: (a) Share data has been adjusted for a three-for-two stock split distributed in October 1993.
 -0- 11/10/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111 ? (TMO)


CO: Thermo Electron Corporation ST: Massachusetts IN: MTC ENV CPR SU: ERN

CM-DJ -- NE001 -- 2596 11/10/93 08:55 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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