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TYCO REPORTS SECOND QUARTER RESULTS;EARNS 57 CENTS PER SHARE VS. 50 CENTS PER SHARE FOR YEAR EARLIER PERIOD

 EXETER, N.H., Jan. 28 /PRNewswire/ -- Tyco Laboratories, Inc. (NYSE: TYC) announced sales and earnings results for its second quarter ended Dec. 31, 1992. Net income for this period was $25.9 million or 57 cents per share. This compares to the $23.1 million or 50 cents per share earned in the same period last year. Sales were $765.1 million vs. the $758.4 million recorded in the second quarter a year ago.
 At the company's Electrical and Electronic Components Group results were substantially higher than reported for last year's comparable period. Simplex Wire and Cable Company continued to increase deliveries of its undersea fiber optic telecommunications cable systems for installation in the world's oceans. These results also reflect increased earnings at the Tyco Printed Circuit Group.
 Results also improved at the company's Packaging Materials Group over the same period a year earlier. Ludlow Corporation reported a significant increase in operating margins while higher sales at Armin Corporation resulted in improved profits.
 At the company's Fire Protection Operations sales were slightly less than reported for the same period last year, although profits were significantly lower, reflecting the effect of continuing soft construction markets.
 The company's Flow Control segment reported higher earnings than a year ago, although sales were slightly lower. This performance was aided by increased demand during the period for the company's pipe and tubular products produced by its Allied Pipe unit.
 Earnings also benefited from reduced interest expense resulting from continuing debt repayment as well as lower rates of interest.
 For the six-month period, sales were $1.6 billion while net income was $50.7 million or $1.11 per share compared to $44.5 million or 96 cents per share last year.
 Tyco is a worldwide manufacturer of fire protection systems, flow control products, electrical and electronic components and packaging materials.
 TYCO LABORATORIES INC.
 Results of Operations
 (In thousands except per share data)
 Three Months Ended Six Months Ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Sales $765,149 $758,379 $1,573,881 $1,509,413
 Income before
 income taxes $42,138 $36,714 $83,850 $72,417
 Income taxes (16,276) (13,646) (33,121) (27,933)
 Net income $25,862 $23,068 $50,729 $44,484
 Net income per
 share 57 cents 50 cents $1.11 96 cents
 Common equivalent
 shares 45,650 46,250 45,750 46,250
 -0- 1/28/93
 /CONTACT: Irving Gutin of Tyco Laboratories, 603-778-9700/
 (TYC)


CO: Tyco Laboratories, Inc. ST: New Hampshire IN: SU: ERN

CH -- NE004 -- 0123 01/28/93 09:51 EST
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Date:Jan 28, 1993
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