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THERMO FIBERTEK ANNOUNCES THIRD QUARTER RESULTS

 WALTHAM, Mass., Nov. 9 /PRNewswire/ -- Thermo Fibertek Inc. (AMEX: TFT) today reported revenues of $37.3 million for the quarter ended Oct. 2, 1993, compared with $31.1 million for the quarter ended Sept. 26, 1992. Net income was $1.8 million, or $.07 per share, for the current quarter, compared with net income of $2.0 million, or $.09 per share, for the same quarter last year.
 "The Clinton administration's recent directive to federal agencies to purchase recycled office paper is extremely positive for Thermo Fibertek," said William A. Rainville, president and chief executive officer of Thermo Fibertek. "The U.S. lags well behind our European and Japanese counterparts in paper recycling and such leadership should create further incentive for North American paper companies to expand their recycling capabilities."
 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 systems, stock-preparation equipment, and water-handling systems for paper recycling. Thermo Fibertek is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 Thermo Fibertek Inc. Financial Highlights
 Three Months Ended Nine Months Ended
 Oct. 2, Sept. 26, Oct. 2, Sept. 26,
 1993 1992 1993 1992
 Revenues $37,322,000 $31,116,000 $96,270,000 $92,663,000
 Income Before
 Provision For
 Income Taxes 3,102,000 3,543,000 8,773,000 10,156,000
 Net Income 1,799,000 2,033,000 5,088,000 5,951,000
 Earnings Per Share .07 .09 .19 .28
 Weighted Average
 Shares 26,832,000 22,391,000 26,832,000 21,611,000
 -0- 11/9/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TFT TMO)


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

CM-DJ -- NE007 -- 2124 11/09/93 09:26 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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