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WALBRO CORPORATION REPORTS RECORD SECOND-QUARTER SALES, INCOME

 WALBRO CORPORATION REPORTS RECORD SECOND-QUARTER SALES, INCOME
 CASS CITY, Mich., July 14 /PRNewswire/ -- L.E. Althaver, chairman, president and chief executive officer, Walbro Corporation (NASDAQ-NMS: WALB), reported sales of $62,721,000 for the second quarter ended June 30, 1992, compared with $52,574,000 for the same period in 1991. Net income for the quarter was $3,549,000 compared with $1,448,000 for the second quarter of 1991.
 Fully diluted net income per share for the second quarter of 1992 was $0.43, based on an average of 8,423,030 shares outstanding. This compares with fully diluted net income per share of $0.33 for the second quarter of 1991, based on 5,589,161 fully diluted shares outstanding.
 "Sales and income were both new highs for a single quarter and reflect continued strong demand for Walbro fuel system products," Althaver said in announcing the results.
 "Shipments of fuel pumps for automotive original equipment applications were very strong during the second quarter. Sales of fuel modules and fuel rails for automotive applications were also running at high levels," according to Althaver.
 "Sales of diaphragm carburetors for small-engine applications were quite high in the second quarter, while shipments of float-feed carburetors dropped somewhat due to normal seasonal patterns in the lawn and garden industry," he added.
 "Walbro's outlook for the second half of the year remains positive," Althaver said. "Sales of fuel system products in all markets are at forecast levels or above. In addition, new product applications, such as fuel modules for Chrysler's soon-to-be-introduced LH vehicles, will result in increased volume in the third and fourth quarters."
 The Walbro chief executive also noted that "in spite of the recession in Europe, business levels continue to build at Marwal Systems, Walbro's French-based joint venture with Magneti Marelli of Milan, Italy. We are positive regarding the opportunities for growth from this venture."
 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, 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 Six Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Net sales $62,721 $52,574 $123,499 $96,471
 Net income 3,549 1,448 7,076 1,487
 Net income per share
 Primary .45 .34 .97 .35
 Fully diluted .43 .33 .93 N/A
 Primary avg. shares
 outstanding 7,870,981 4,289,161 7,267,792 4,289,161
 Fully diluted
 shares 8,423,030 5,589,161 7,819,841 5,589,161
 -0- 7/14/92
 /CONTACT: L.E. Althaver, Forrest Walpole or Gary Vollmar of Walbro Corporation, 517-872-2131/
 (WALB) CO: Walbro Corporation ST: Michigan IN: AUT SU: ERN


DH-JG -- DE004 -- 8973 07/14/92 09:20 EDT
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Date:Jul 14, 1992
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