Printer Friendly

THERMO ELECTRON ANNOUNCES RECORD THIRD-QUARTER RESULTS

 THERMO ELECTRON ANNOUNCES RECORD THIRD-QUARTER RESULTS
 WALTHAM, Mass., Nov. 4 /PRNewswire/ -- Thermo Electron Corporation


(NYSE: TMO) today reported net income of $15.5 million, or $.58 per share, on sales of $242.9 million for the three-month period ended September 26, 1992, compared with net income of $13.6 million, or $.54 per share, on sales of $192.0 million for the third quarter a year ago. All amounts for 1992 were record highs.
 For the nine-month period ended Sept. 26, Thermo Electron reported net income of $42.1 million, or $1.58 per share, on revenues of $657.4 million, also records, compared with net income of $32.9 million, or $1.42 per share, on revenues of $585.3 million for the 1991 period.
 "Operating income for the third quarter was up by more than 100 percent and reached an all-time high," said George N. Hatsopoulos, chairman and president of Thermo Electron.
 "These results reflect the improved performances of majority- owned subsidiaries' especially Thermedics, Thermo Process Systems, Tecogen, Thermo Energy Systems, and Thermo Instrument SystemsQthat provide products and services for emerging and existing needs."
 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
 Sept. 26, Sept. 28, Sept. 26, Sept. 28,
 1992 1991 1992 1991
 Revenues $242,918,000 $192,032,000 $657,368,000 $585,331,000
 Income Before
 Provision for
 Taxes 24,791,000 19,187,000 64,664,000 48,497,000
 Net Income 15,516,000 13,605,000 42,054,000 32,901,000
 Earnings
 Per Share 58 cents 54 cents 1.58 1.42
 Weighted
 Average
 Shares 26,775,000 25,414,000 26,613,000 23,250,000
 -0- 11/4/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO) CO: Thermo Electron Corporation ST: Massachusetts IN: SU: ERN


TM -- NE003 -- 2300 11/04/92 08:05 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 4, 1992
Words:352
Previous Article:EDGAR HAGOPIAN TO OPEN LARGEST RUG STORE IN MICHIGAN
Next Article:THERMO INSTRUMENT SYSTEMS REPORTS RECORD QUARTERLY RESULTS
Topics:


Related Articles
THERMO ELECTRON ANNOUNCES RECORD THIRD QUARTER EARNINGS
THERMO PROCESS SYSTEMS ANNOUNCES THIRD QUARTER RESULTS
THERMO INSTRUMENT SYSTEMS REPORTS RECORD QUARTERLY RESULTS
THERMO ELECTRON ANNOUNCES SECOND QUARTER RESULTS
THERMEDICS INC. ANNOUNCES THIRD QUARTER RESULTS
THERMO FIBERTEK ANNOUNCES SECOND QUARTER RESULTS
THERMO FIBERTEK ANNOUNCES RECORD QUARTERLY RESULTS
THERMO ELECTRON ANNOUNCES RECORD THIRD QUARTER RESULTS
THERMO ELECTRON ANNOUNCES FIRST QUARTER RESULTS
Thermo Bioanalysis Corporation Reports Third Quarter Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters