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TRANZONIC ANNOUNCES THIRD QUARTER EARNINGS

 CLEVELAND, Dec. 22 /PRNewswire/ -- The Tranzonic Companies (AMEX: TNZA/TNZB) today reported net income of $3,608,800, or $1.02 per share, on sales of $90,644,900 for the nine months ended November 30. In the comparable period a year earlier, the Cleveland-based manufacturer/distributor of paper, cloth and vinyl products earned $3,841,800, or $1.09 per share, on sales of $82,624,000.
 Current year third quarter net income was $992,100, or 28 cents per share, down from $1,225,400, or 35 cents per share, a year ago. Sales were $30,526,700 versus $27,729,200 in last year's fiscal third quarter.
 Robert S. Reitman, chairman and chief executive officer, said that third quarter results were influenced by a highly competitive market environment and expenses associated with on-going expansion programs, including integration of additional manufacturing capacity.
 He said that margin and cost pressures continued in the third quarter as competitors seek to grow market share and suppliers struggle to preserve profitability and noted the impact of reduced net interest income as fixed asset investment rose and interest rates declined.
 Tranzonic has four divisions. Its Personal Care Division manufactures and distributes personal hygiene products while the Industrial Textiles Division supplies industrial wiping products. The Housewares Division produces and markets laundry accessories, closet organization products, personal travel organizers and cedar storage units. The Industrial Packaging Division manufactures spiral-wound paper tubes and cores for industry.
 THE TRANZONIC COMPANIES (Unaudited)
 THREE MONTHS
 Period ended November 30 1992 1991
 Sales $30,526,700 $27,729,200
 Earnings before taxes 1,629,100 1,950,400
 Income taxes 637,000 725,000
 Net earnings 992,100 1,225,400
 Per share amounts:
 Net earnings .28 .35
 Dividends:
 Per Class A Common Share .04 .04
 Per Class B Common Share .08 .08
 Average Class A Common, Class B
 Common and Common equivalent
 shares outstanding 3,556,487 3,550,652
 NINE MONTHS
 Period ended November 30 1992 1991
 Sales $90,644,900 $82,624,000
 Earnings before taxes 5,863,800 6,341,800
 Income taxes 2,255,000 2,500,000
 Net earnings 3,608,800 3,841,800
 Per share amounts:
 Net earnings 1.02 1.09
 Dividends:
 Per Class A Common Share .12 .12
 Per Class B Common Share .24 .24
 Average Class A Common, Class B
 Common and Common equivalent
 shares outstanding 3,553,363 3,535,667
 -0- 12/22/92
 /CONTACT: Michael J. Gannon of The Tranzonic Companies, 216-831-5757/
 (TNZA TNZB)


CO: The Tranzonic Companies ST: Ohio IN: HOU SU: ERN

BM -- CL015 -- 9342 12/22/92 17:57 EST
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Date:Dec 22, 1992
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