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THERMO PROCESS SYSTEMS ANNOUNCES SECOND QUARTER RESULTS

 THERMO PROCESS SYSTEMS ANNOUNCES SECOND QUARTER RESULTS
 WALTHAM, Mass., Nov. 3 /PRNewswire/ -- Thermo Process Systems (AMEX: TPI) today reported revenues of $11,184,000 for the second quarter of fiscal 1993, compared with $12,335,000 for the second quarter of fiscal 1992. Net income was $624,000, compared with $18,000 last year.
 Thomas P. Plunkett, president of Thermo Process Systems, said, "Although total revenues for the quarter were down slightly, due to a 31 percent decrease in our industrial furnace business, revenues from our soil-remediation business increased 64 percent, from $2.5 million to $4.1 million, and profitability of our soil-cleanup operations rose significantly with the addition of new centers."
 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
 9/26/92 9/28/91 9/26/92 9/28/91
 Revenues $11,184,000 $12,335,000 $21,349,000 $24,402,000
 Income before
 provision for
 income taxes 788,000 18,000 1,204,000 1,033,000
 Net income 624,000 18,000 973,000 994,000
 Earnings per share 4 cents -- 6 cents 6 cents
 Weighted average
 shares 16,736,000 17,318,000 16,740,000 17,260,000
 -0- 11/3/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO TPI) CO: Thermo Electron Corporation ST: Massachusetts IN: SU: ERN


CH -- NE001 -- 1964 11/03/92 10:00 EST
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Publication:PR Newswire
Date:Nov 3, 1992
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