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TREMONT ANNOUNCES FIRST QUARTER 1992 RESULTS

 TREMONT ANNOUNCES FIRST QUARTER 1992 RESULTS
 DENVER, April 29 /PRNewswire/ -- Tremont Corp. (NYSE: TRE)


reported a 1992 first quarter net loss of $5.6 million, or 77 cents per share, on sales of $35.9 million, compared to net income of $3.0 million, or 41 cents per share, on sales of $46.1 million in the first quarter of 1991.
 Titanium metals sales in the first quarter of 1992 declined 24 percent to $32.5 million and operations reported a loss of $3.5 million compared to operating income of $3.4 million in 1991. The depressed level of market demand for titanium products used in the military and commercial aerospace industries and certain other industrial markets continued into the first quarter of 1992. Sales volume was comparable to 1991, however, 1992 average product prices decreased 19 percent. Changes in product mix also adversely affected operating margins. Although moderate volume recovery from first quarter levels is expected during the remainder of 1992, the company's titanium metals operations are expected to report an operating loss for calendar 1992.
 The company's first quarter 1992 results include a $1.6 million loss attributable to its 16 percent equity interest in NL Industries Inc.
 Interest income decreased in 1992 principally due to a lower level of funds available for temporary cash investment. The company's income tax benefit in 1992 as a percentage of pre-tax loss varies from a normally expected rate due to certain losses for which no benefit is currently available.
 Tremont, a leading integrated producer of titanium metal products also engaged in bentonite mining, is headquartered in Denver. Tremont's common stock is traded on the New York and Pacific Stock Exchanges under the Symbol "TRE".
 TREMONT CORP.
 Summary of Consolidated Operations
 (In millions, except per share data)
 (Unaudited)
 Quarter Ended
 March 31,
 1992 1991
 Net sales:
 Titanium metals $32.5 $42.9
 Bentonite mining 3.4 3.2
 $35.9 $46.1
 Operating income (loss):
 Titanium metals $(3.5) $3.4
 Bentonite mining .5 .3
 (3.0) 3.7
 Equity in loss of NL (1.6) ---
 General corporate items:
 Interest income .7 2.4
 Gain on sale of property --- 1.3
 Other, net (1.5) (1.6)
 Interest expense (.8) (1.1)
 Income (loss) before
 income taxes (6.2) 4.7
 Provision (benefit) for
 income taxes (.6) 1.7
 Net income (loss) $(5.6) $3.0
 Net income (loss)
 per common share $(.77) $.41
 Weighted average
 common shares 7.3 7.4
 -0- 4/29/92
 /CONTACT: Susan E. Alderton of Tremont Corp., 212-421-7202/
 (TRE) CO: Tremont Corp. ST: Colorado IN: MNG ARO SU: ERN


BB -- DV004 -- 4217 04/29/92 09:31 EDT
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Date:Apr 29, 1992
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