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THERMO PROCESS SYSTEMS ANNOUNCES THIRD QUARTER RESULTS

 THERMO PROCESS SYSTEMS ANNOUNCES THIRD QUARTER RESULTS
 WALTHAM, Mass., Feb. 11 /PRNewswire/ -- Thermo Process Systems Inc. (AMEX: TPI) today reported revenues of $11,228,000 for the third quarter of fiscal 1992, compared with $14,404,000 for the third quarter of fiscal 1991. Net income was $8,000, compared with $1,358,000 last year.
 Walter J. Bornhorst, chairman and chief executive officer of Thermo Process Systems, said, "Although we are experiencing a considerable reduction in demand for our thermal-processing equipment as the capital goods industry attempts to weather the current economic recession, revenues from our soil-remediation services business in the third quarter of fiscal 1992 increased substantially over the second quarter of fiscal 1992. We are progressing with our strategy of developing a national network of soil-recycling centers, with a third under construction and several in development."
 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 Nine Months Ended
 12/28/91 12/29/90 12/28/91 12/29/90
 Revenues $11,228,000 $14,404,000 $35,630,000 $41,749,000
 Income (loss)
 before
 income taxes (266,000) 2,312,000 767,000 5,613,000
 Net income 8,000 1,358,000 1,002,000 3,308,000
 Earnings per share --- 8 cents 6 cents 20 cents
 Weighted average
 shares 17,290,000 16,591,000 17,270,000 16,580,000
 -0- 2/11/92
 /CONTACT: John N. Hatsopoulos of Thermo Process Systems, 617-622-1111/
 (TPI TMO) CO: Thermo Process Systems, Inc. ST: Massachusetts IN: SU: ERN


SH -- NE008 -- 8736 02/11/92 10:58 EST
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Publication:PR Newswire
Date:Feb 11, 1992
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