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THOMAS INDUSTRIES INC. REPORTS SALES AND EARNINGS

 Louisville, Ky., Feb. 11 /PRNewswire/ -- Thomas Industries Inc. (NYSE: TII) today reported sales and earnings for the year ended December 31, 1992.
 For the year ended December 31, 1992, net income declined to a loss of $2,032,000, or $.20 per share, from net income of $3,788,000, or $.38 per share in 1991. The 1992 results include a one-time first quarter restructuring charge of $3,986,000. Excluding this non-recurring charge, 1992 net income was $1,954,000, or $.20 per share. Net sales were $420,754,000 versus $408,365,000 in 1991.
 Additionally, the Board of Directors declared a quarterly cash dividend of $.10 per share, payable April 1, 1993, to shareholders of record March 5, 1993. This will be the 151st consecutive cash dividend paid by the Company.
 In discussing the year-end results, Timothy C. Brown, President and Chief Executive Officer, said, "Our Compressor and Vacuum Pump Group finished the year with an extremely strong performance, reporting the highest sales and earnings for any year and quarter in the Company's history. This has helped to offset the performance of our Commercial and Industrial Lighting product lines, which have been affected by the continuing depressed North American construction industry. The Thomas Lighting Canada operation in Markham, Ontario, has been particularly hard hit."
 Regarding the outlook for 1993, Brown noted, "Commercial and industrial construction is likely to remain flat, which will impact our lighting business. However, with anticipated overall growth in the Compressor and Vacuum Pump Group -- despite the sluggish economy in Europe -- and with stronger operating efficiencies due to the restructuring in 1992, we should see improved earnings for the year."
 Thomas Industries Inc. designs, manufactures and markets a broad array of commercial, industrial and residential lighting products, fractional horsepower compressors and vacuum pumps, as well as specialty products for commercial and consumer markets. Thomas has operations in the U.S., Canada, Mexico, South America, Europe and Asia.
 THOMAS INDUSTRIES INC.
 COMPARATIVE SALES AND INCOME
 For the quarter ended December 31
 Percent
 1992 1991 Change
 Net sales $108,194,000 $ 98,953,000 + 9.3
 Costs and expenses $106,643,000 $ 96,724,000 +10.3
 Income before taxes $ 1,551,000 $ 2,229,000 -30.4
 Net income $ 690,000 $ 1,229,000 -43.9
 Net income per share $.07 $.12 -41.7
 Dividends declared per share $.10 $.19 -47.4
 Average number of common
 shares outstanding 10,010,853 10,009,918
 For the year ended December 31
 Percent
 1992 1991 Change
 Net sales $420,754,000 $408,365,000 + 3.0
 Costs and expenses $414,581,000 $401,117,000 + 3.4
 Restructuring costs $ 5,925,000 -0- -
 Income before taxes $ 248,000 $ 7,248,000 -96.6
 Net income (loss) ($ 2,032,000) $ 3,788,000 -153.6
 Net income (loss) per share ($.20) $.38 -152.6
 Dividends declared per share $.40 $.76 -47.4
 Average number of common
 shares outstanding 10,010,746 10,010,000
 The 1992 results include a non-recurring charge, taken in the first quarter, of $5,925,000 to income before taxes, or $3,986,000 (40 cents per share) to net income, to establish a reserve for the costs associated with plant consolidations to reduce excess manufacturing capacity in the Lighting Segment, and the disposition of other non-producing assets. The 1992 net income excluding this non-recurring charge is $1,954,000 (20 cents per share).
 The 1991 fourth quarter and full year net income includes $1,050,000 (10 cents per share) and $1,215,000 (12 cents per share) respectively, resulting from LIFO inventory layer reductions.
 THE FOREGOING FIGURES HAVE BEEN APPROVED BY THE MANAGEMENT OF THOMAS INDUSTRIES FOR OFFICIAL RELEASE ON THE DATE INDICATED.
 -0- 2/11/93
 CONTACT: Corporate Communications, Thomas Industries Inc., 502/893-4600/
 (TII)


CO: Thomas Industries Inc. ST: Kentucky IN: SU: ERN

SB -- CH006 -- 5855 02/11/93 16:13 EST
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Date:Feb 11, 1993
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