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THERMO ELECTRON ANNOUNCES RECORD YEAR-END RESULTS

 WALTHAM, Mass., Mar. 9 /PRNewswire/ -- Thermo Electron Corporation (NYSE: TMO) today reported record quarterly results, with net income of $18.5 million, or $.69 per share, on sales of $291.6 million for the three-month period ended January 2, 1993, compared with net income of $14.2 million, or $.55 per share, on sales of $220.2 million for the fourth quarter a year ago.
 For the year ended January 2, 1993, Thermo Electron also achieved records. Income before cumulative effect of change in accounting principle was $60.6 million, or $2.27 per share, on revenues of $949.0 million, compared with net income of $47.1 million, or $1.97 per share, on revenues of $805.5 million for the 1991 period.
 George N. Hatsopoulos, chairman and president of Thermo Electron, said, "We are pleased to report our eighth consecutive year of record revenues and net income. Underscoring this achievement was a 68 percent increase in operating income over last year, reflecting improved performance at many of our divisions and subsidiaries and the contributions of some of our newly acquired businesses."
 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 Twelve Months Ended
 1/2/93 12/28/91 1/2/93 12/28/91
 Revenues $291,604,000 $220,153,000 $948,972,000 $805,484,000
 Income Before
 Income Taxes
 and Cumulative
 Effect of
 Change in
 Accounting
 Principle(a) 23,404,000 23,407,000 88,068,000 71,904,000
 Income Before
 Cumulative Effect
 of Change in
 Accounting
 Principle(a) 18,540,000 14,153,000 60,594,000 47,054,000
 Net Income 18,540,000 14,153,000 59,156,000 47,054,000
 Earnings Per
 Share Before
 Cumulative
 Effect of
 Change in
 Accounting
 Principle(a) .69 .55 2.27 1.97
 Earnings Per Share .69 .55 2.22 1.97
 Weighted Average
 Shares 26,940,000 25,775,000 26,700,000 23,891,000 (a) The first quarter of 1992 was restated to reflect the adoption of statement of Financial Accounting Standards No. 106, "Accounting For Post-retirement Benefits Other Than Pensions."
 -0- 3/9/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO


CO: Thermo Electron ST: Massachusetts IN: SU:

DH -- NE009 -- 4394 03/09/93 09:20 EST
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Date:Mar 9, 1993
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