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THERMO FIBERTEK ANNOUNCES SECOND QUARTER RESULTS

 WALTHAM, Mass., Aug. 10 /PRNewswire/ -- Thermo Fibertek Inc. (AMEX: TFT) today reported revenues of $30.8 million for the quarter ended July 3, 1993, compared with $30.3 million for the quarter ended June 27, 1992. Net income was $1.7 million, or 6 cents per share, for the current quarter, compared with net income of $1.9 million, or 9 cents per share, for the same quarter last year.
 "This quarter, we added the Engineered Systems Division (RAESS) of Albany International Corp. to our team," said William A. Rainville, president and chief executive officer of Thermo Fibertek. "With AES's equipment for the papermaking industry and accessories manufactured by our new UK-based operation, Vickerys Holdings Limited, we are steadily building our product line and presence in the international marketplace."
 Thermo Fibertek develops, markets, and manufactures a range of equipment and accessory products for the domestic and international paper and paper-recycling industries. The company's products include de-inking and stock-preparation equipment for paper recycling. Thermo Fibertek is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 Thermo Fibertek Inc. Financial Highlights
 Three Months Ended Six Months Ended
 7/3/93 6/27/92 7/3/93 6/27/92
 Revenues $30,794,000 $30,257,000 $58,948,000 $61,547,000
 Income before
 provision for
 income taxes 2,871,000 3,190,000 5,671,000 6,613,000
 Net income 1,665,000 1,890,000 3,289,000 3,918,000
 Earnings per
 share 6 cents 9 cents 12 cents 18 cents
 Weighted average
 shares 26,832,000 21,913,000 26,832,000 21,220,000
 -0- 8/10/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO TFT)


CO: Thermo Electron; Thermo Fibertek ST: Massachusetts IN: PAP SU: ERN

CM-DJ -- NE009 -- 1094 08/10/93 09:55 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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