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WALBRO CORPORATION REPORTS RECORD SALES AND INCOME FOR 1992

 CASS CITY, Mich., Feb. 17 /PRNewswire/ -- L.E. Althaver, chairman, president and chief executive officer, Walbro Corporation (NASDAQ-NMS: WALB), reported sales of $241,416,000 for the year ended Dec. 31, 1992, compared with $200,130,000 for 1991, up 21 percent. Net income in 1992 was $12,526,000 compared with $4,838,000 in 1991, a 159-percent increase.
 Net income per share for 1992 was $1.58 fully diluted, based on an average of 8,160,472 shares outstanding. This compares with 1991 net income per share of $.96 fully diluted based on an average of 6,229,577 shares outstanding.
 The 1992 results include a one-time charge representing a reduction in the value of Walbro's investment in the stock of Mitsuba Electric Manufacturing Company, a Walbro joint venture partner. This reduction reflects economic conditions in Japan, especially in the Japanese automotive industry. The effect is a reduction in net income of $1,050,000 or $.13 per share fully diluted. Had this adjustment not been made, 1992 net income would have been $13,576,000 or $1.71 per share fully diluted.
 Althaver noted that Walbro's 1992 sales and income were both records. He attributed the results to strong worldwide demand for Walbro fuel system products, combined with cost savings measures that have resulted in a leaner, more efficient organization.
 "U.S. auto sales failed to rebound in 1992," Althaver noted. "However, Walbro's new product applications have expanded dramatically in recent years and our products are now used on many strong-selling vehicles, resulting in record sales for Walbro automotive products in 1992."
 "Demand for Walbro fuel systems products for the outdoor power equipment industry also reached record levels in 1992. In fact, most Walbro carburetor plants were working at full capacity throughout the year to meet customer requirements," he added.
 "These strong sales performances, combined with the benefits of several years of cost reduction measures, resulted in greatly enhanced profits for Walbro Corporation in the past year," Althaver concluded.
 Walbro Corporation is a designer and manufacturer of automotive and small engine fuel system components. Walbro Corporation is headquartered in Cass City and has subsidiaries and joint ventures throughout the world, including the United States, Mexico, Brazil, Japan, Singapore, Korea, and France. Walbro Corporation common stock is traded on the NASDAQ National Market System under the symbol WALB.
 WALBRO CORPORATION
 (In thousands, except share data)
 Three Months Ended 12 Months Ended
 Dec. 31 Dec. 31
 1992 1991 1992 1991
 Net sales $57,556 $55,166 $241,416 $200,130
 Net income 2,142(a) 1,793 12,526(a) 4,838
 Net income per share
 Primary .26 .30 1.63 .98
 Fully diluted .25 .28 1.58 .96
 Primary average shares
 outstanding 8,093,326 6,041,427 7,675,974 4,952,951
 Fully diluted
 shares 8,577,824 7,318,053 8,160,472 6,229,577
 (a) Includes $1,050,000 after tax write-down to market value of investment in Mitsuba Electric Company common stock.
 Walbro Corporation's Annual Meeting will be held at Walbro Automotive Corporation Headquarters in Auburn Hills, Mich., on April 20, 1993, at 11 a.m.
 -0- 2/17/93
 /CONTACT: L.E. Althaver, Gary Vollmar or Dan Hittler of Walbro Corporation, 517-872-2131/
 (WALB)


CO: Walbro Corporation ST: Michigan IN: AUT SU: ERN

ML -- DE005 -- 7143 02/17/93 08:46 EST
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Date:Feb 17, 1993
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