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WITCO REPORTS RECORD SALES AND HIGHER EARNINGS FOR FIRST QUARTER 1992

WITCO REPORTS RECORD SALES AND HIGHER EARNINGS FOR FIRST QUARTER 1992
 NEW YORK, April 22 /PRNewswire/ -- Witco Corporation (NYSE: WIT) today reported record sales for any first quarter in the company's history. Net earnings for the first quarter of 1992 increased 13 percent as compared to the same period of 1991.
 Net sales for the first quarter of 1992 were up 6 percent to $420,319,000 from $398,305,000 for the same period of 1991. Net income for the first quarter of 1992 reached $18,928,000, or 82 cents per common share, as compared to net income of $16,746,000, or 74 cents per common share, in the same quarter of 1991.
 "We are gratified by these results," said Witco's Chairman and Chief Executive Officer William R. Toller, "which follow Witco's second highest earnings year in the history of the company. The strength of our balance sheet and the diversification of products and markets the company serves has enabled Witco to do well during a worldwide economic recession. Add to this mix our international presence and we can expect improving results as the global economy shows continuing signs of recovery."
 Witco manufactures specialty chemical and petroleum products and engineered materials with annual sales of more than $1.6 billion.
 WITCO CORPORATION AND SUBSIDIARY COMPANIES
 Three months ended March 31 1992 1991
 Net sales $420,319,000 $398,305,000
 Income before federal and
 foreign income taxes 29,030,000 25,069,000
 Federal and foreign income taxes 10,102,000 8,323,000
 Net income 18,928,000 16,746,000
 Net income per common share $.82 $.74
 Average number of common shares 24,784,000 24,435,000
 -0- 4/22/92
 /CONTACT: C.R. Soderlind, group vice president, 212-605-3813, or S.L. Levy, 212-605-3815, both of Witco/
 (WIT) CO: Witco Corporation ST: New York IN: CHM SU: ERN


CK-OS -- NY034 -- 1169 04/22/92 10:40 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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