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TRANZONIC REPORTS RECORD SECOND QUARTER EARNINGS

 TRANZONIC REPORTS RECORD SECOND QUARTER EARNINGS
 CLEVELAND, Sept. 24 /PRNewswire/ -- The Tranzonic Companies


(AMEX: TNZA/TNZB) today reported net income of $1,550,500 or 44 cents per share, a second quarter record and 17 percent above the $1,325,700, or 37 cents per share, earned in the year earlier quarter ended Aug. 31, the previous second quarter high.
 Current year second quarter sales of the Cleveland-based manufacturer/distributor of paper, cloth and vinyl products were $32,067,800, up 17 percent from the $27,339,600 of a year ago.
 The company attributed the gain in earnings to the increase in sales and effective containment of selling and administrative expenses. Current year second quarter operating earnings of $2,487,600, also up 17 percent from the year earlier $2,131,700, were a single quarter record.
 Robert S. Reitman, chairman and chief executive officer, said that the second quarter sales gains reflected a combination of factors including the contribution of Pressing Supply Company, the manufacturer of high-quality ironing board pads and covers purchased in December, 1991. In analysis of the record earnings, Reitman cautioned that the market factors which contributed to earlier uneven performance continue. "There is little evidence that sales gains reflect a systematic strengthening of the consumer and industrial markets the company serves. Margin and cost pressures persist as competitors seek to grow market share and suppliers struggle to preserve their own profitability," he said.
 For the six months ended Aug. 31, 1992 Tranzonic had net income of $2,616,700, or 74 cents per share. In the comparable period last year net income was $2,616,400, or 74 cents per share. Sales were $60,118,200 versus $54,894,800 a year ago.
 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 August 31 1992 1991
 Sales $32,067,800 $27,339,600
 Earnings before taxes 2,474,500 2,190,700
 Income taxes 924,000 865,000
 Net earnings 1,550,500 1,325,700
 Per share amounts:
 Net earnings .44 .37
 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 3,551,436 3,533,347
 SIX MONTHS
 Period ended August 31 1992 1991
 Sales $60,118,200 $54,894,800
 Earnings before taxes 4,234,700 4,391,400
 Income taxes 1,618,000 1,775,000
 Net earnings 2,616,700 2,616,400
 Per share amounts:
 Net earnings .74 .74
 Dividends:
 Per Class A Common Share .08 .08
 Per Class B Common Share .16 .16
 Average Class A Common, Class B Common
 and Common Equivalent Shares
 Outstanding 3,551,802 3,528,177
 -0- 9/24/92
 /CONTACT: Michael J. Gannon of The Tranzonic Companies, 216-831-5757/
 (TNZA TNZB) CO: The Tranzonic Companies ST: Ohio IN: HOU SU: ERN


BM -- CL006 -- 3084 09/24/92 12:12 EDT
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Date:Sep 24, 1992
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