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UNITED-GUARDIAN, INC. REPORTS NINE MONTH RESULTS

 UNITED-GUARDIAN, INC. REPORTS NINE MONTH RESULTS
 HAUPPAUGE, N.Y., Nov. 12 /PRNewswire/ -- United-Guardian, Inc.,


(AMEX: UG) reported financial results for the three and nine month periods ended Sept. 30, 1992. Revenue was up 17 percent from last year's comparable three month period, and up 20 percent for nine months. Operating profits rose substantially, increasing from $62,260 to $166,826 for the three month period, and from $397,266 to 672,984 for the nine months, a 69 percent increase for the nine month period. Net earnings (after taxes) almost doubled, increasing from $286,804 to $552,721, resulting in earnings per share increasing from $.06 to $.12.
 Dr. Alfred R. Globus, chairman and chief executive officer of United-Guardian, stated: "Despite the slow economy, we have continued on track to what will be our most profitable year. Sales for the year will exceed $6 million, and we project that net profits could exceed $.15 per share."
 United-Guardian is a manufacturer of pharmaceuticals, health care products, medical devices and cosmetic bases.
 UNITED-GUARDIAN, INC.
 Results for The Three and Nine Months Ended Sept. 30, 1992
 Three months ended Sept. 30 1992 1991
 Revenue $1,482,835 $1,267,629
 Operating profit 166,826 62,260
 Net earnings(A) 148,881 21,967
 Provision for income taxes 57,200 6,860
 Extraordinary tax credit 28,500 57
 Net earnings 120,181 15,164
 Share earnings
 Operations .02 --
 Extraordinary credit .01 --
 Net share earnings .03 --
 Nine months ended Sept. 30 1992 1991
 Revenue $4,861,000 $4,047,082
 Operating profit 672,984 397,266
 Net earnings(A) 609,350 295,011
 Provision for income taxes 197,129 108,400
 Extraordinary tax credit 140,500 100,193
 Net earnings 552,721 286,804
 Share earnings
 Operations .09 .05
 Extraordinary credit .03 .01
 Net share earnings .12 .06
 Shares outstanding 4,762,889
 (A) Before provision for income taxes and extraordinary tax credit.
 -0- 11/12/92
 /CONTACT: Robert S. Rubinger of United-Guardian, Inc., 516-273-0900/
 (UG) CO: United-Guardian, Inc. ST: New York IN: SU: ERN


LR-OS -- NY015 -- 0057 11/12/92 09:42 EST
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Date:Nov 12, 1992
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