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THERMO FIBERTEK ANNOUNCES YEAR-END RESULTS

 WALTHAM, Mass., March 2 /PRNewswire/ -- Thermo Fibertek Inc. (AMEX: TFT) today reported revenues of $125.6 million for the year ended Jan. 2, 1993, compared with $124.7 million in 1991. Net income was $7.7 million, or $.34 per share, for the year ended Jan. 2, 1993, compared with net income of $6.7 million, or $.34 per share, in 1991.
 "As consumer demand drives growth in recycling, we are drawing on our years of experience and proven technology in the papermaking equipment industry to capitalize on the resulting opportunities," said William A. Rainville, president and chief executive officer of Thermo Fibertek.
 Thermo Fibertek develops, markets, and manufactures a range of equipment and accessory products for the domestic and international papermaking industry. The company's products include de-inking and stock-preparation equipment for paper recycling. Thermo Fibertek is a public subsidiary of Thermo Electron Corporation.
 THERMO FIBERTEK INC.
 Financial Highlights
 Three Months Ended Twelve Months Ended
 Jan. 2, 1993 Dec. 28, 1991 Jan. 2, 1993 Dec. 28, 1991
 Revenues $32,914,000 $31,504,000 $125,577,000 $124,731,000
 Income
 before
 provision for
 income taxes 2,837,000 2,069,000 12,993,000 11,877,000
 Net income 1,751,000 1,168,000 7,702,000 6,708,000
 Earnings per
 share .07 .06 .34 .34
 Weighted average
 shares 25,276,000 20,000,000 22,579,000 20,000,000
 -0- 3/2/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO TFT)


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

CH -- NE009 -- 8024 03/02/93 11:25 EST
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Publication:PR Newswire
Date:Mar 2, 1993
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