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THERMO PROCESS SYSTEMS ANNOUNCES SECOND QUARTER RESULTS

     THERMO PROCESS SYSTEMS ANNOUNCES SECOND QUARTER RESULTS
    WALTHAM, Mass., November 5, 1991 -- Thermo Process Systems (AMEX: TPI) today reported revenues of $12,335,000 for the second quarter of fiscal 1992, compared with $14,335,000 for the second quarter of fiscal 1991.  Net income was $18,000, compared with $1,003,000 last year.
    "Lower revenues and net income are the result of a slowdown in orders for our Holcroft thermal-processing equipment due to a weakened worldwide economy that has affected many manufacturing industries," said Walter J. Bornhorst, chairman and chief executive officer of Thermo Process Systems Inc.  "However, we are pleased with our progress in establishing regional centers for recycling petroleum-contaminated soil.  Our second such facility, near Richmond, Va., is now in full production, and three more facilities in California, New Hampshire, and Florida are in the final planning stages."
    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         Six Months Ended
                        9/28/91      9/29/90       9/28/91     9/29/90
    Revenues         $12,335,000   $14,335,000   $24,402,000 $27,345,000
    Income Before
     Provision for
     Income Taxes        18,000      1,668,000     1,033,000   3,301,000
    Net Income           18,000      1,003,000       994,000   1,950,000
    Earnings Per Share     ---         6 cents        6 cents  12 cents
    Weighted Average
     Shares          17,318,000     16,605,000     17,260,000 16,575,000
    -0-                        11/5/91
    /CONTACT:  John N. Hatsopoulos of Thermo Electron Corporation, 617-622-1111/
    (TPI TMO) CO:  Thermo Process Systems ST:  Massachusetts, Virgina IN: SU:  ERN KM -- NE005 -- 1094 11/05/91 08:49 EST
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Publication:PR Newswire
Date:Nov 5, 1991
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