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THERMO PROCESS SYSTEMS ANNOUNCES FIRST QUARTER RESULTS

 THERMO PROCESS SYSTEMS ANNOUNCES FIRST QUARTER RESULTS
 WALTHAM, Mass., July 30 /PRNewswire/ -- Thermo Process Systems (AMEX: TPI) today reported revenues of $10,165,000 for the first quarter of fiscal 1993, compared with $12,067,000 for the same quarter in fiscal 1992. Net income was $349,000, compared with $976,000 last year.
 Thomas P. Plunkett, president of Thermo Process Systems, said, "While the weak economy has affected sales of our heat-treating systems, our soil-recycling services business is generating increasing profits as we add new regional centers in line with our strategy of establishing a national network of sites for processing petroleum-contaminated soil. Our newest center, in Southern California, reported a profit in its first month of operation and recently received a major contract with a national oil company."
 Thermo Process Systems designs, manufactures, and sells advanced custom-engineered thermal-processing systems for the treatment of toxic wastes and the automated heat treating of metal parts. The company also provides services for the remediation of petroleum-laden soils, in addition to a comprehensive range of metallurgical processes. Thermo Process Systems is a public subsidiary of Thermo Electron Corporation (NYSE: TMO).
 THERMO PROCESS SYSTEMS INC.
 Financial Highlights
 Three Months Ended
 June 27, 1992 June 29, 1991
 Revenues $10,165,000 $12,067,000
 Income before provision
 for income taxes 416,000 1,015,000
 Net income 349,000 976,000
 Earnings per share 2 cents 6 cents
 Weighted average
 shares 16,744,000 17,203,000
 -0- 7/30/92
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TPI TMO) CO: Thermo Process Systems Inc. ST: Massachusetts IN: SU: ERN


TM -- NE004 -- 4936 07/30/92 09:01 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:275
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