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WITCO REPORTS RECORD SALES AND IMPROVED NET EARNINGS FOR SECOND QUARTER AND SIX MONTH RESULTS

WITCO REPORTS RECORD SALES AND IMPROVED NET EARNINGS FOR SECOND QUARTER
 AND SIX MONTH RESULTS
 NEW YORK, July 21 /PRNewswire/ -- Witco Corporation (NYSE: WIT) reported net income for the second quarter of 1992 of $17,976,000, or 78 cents per common share, 12 percent higher than net income $16,031,000, or 70 cents per common share, for the same period of 1991. Net sales for the second quarter of 1992 were $426,938,000, a record for any quarter in the company's history. Net sales for the same period of 1991 were $421,340,000.
 Net income for the first six months of 1992 was $36,904,000, or $1.60 per common share, a 13 percent increase over net income of $32,777,000, or $1.44 per common share, for the same period of 1991. Net sales of $847,257,000 for the first six months of 1992 also set a record and increased three percent over net sales of $819,645,000 for the same period of 1991.
 "Our chemical segment continued to perform well and was a significant contributor to both the record sales and the improved earnings of this six month period," said Witco chairman and chief executive officer William R. Toller. "Because of increasing crude oil costs affecting our petroleum segment, we were not as satisfied with its results. Indictors show continuing, though slow, recovery from a recessionary global economy. In this economic atmosphere there is an extended lag time involved in recapturing increased crude oil costs through product pricing. While we remain concerned about raw material cost trends, we are also optimistic about the second half of the year."
 WITCO CORPORATION AND SUBSIDIARY COMPANIES
 Comparative Results
 Three months ended June 30: 1992 1991
 Net sales $426,938,000 $421,340,000
 Income bef. fed. and
 foreign income taxes 27,746,000 24,744,000
 Fed. and foreign inc. taxes 9,770,000 8,713,000
 Net income $ 17,976,000 $ 16,031,000
 Net inc. per comm. share $.78 $.70
 Avg. no. of common shares 24,881,000 24,648,000
 Six months ended June 30: 1992 1991
 Net sales $847,257,000 $819,645,000
 Income before fed. and
 foreign income taxes 56,776,000 49,813,000
 Fed. and foreign inc. taxes 19,872,000 17,036,000
 Net income $ 36,904,000 $ 32,777,000
 Net inc. per comm. share $1.60 $1.44
 Avg. no. of comm. shares 24,832,000 24,565,000
 -0- 7/21/92
 /NOTE TO EDITORS: Witco, a Fortune 250 company, is a manufacturer of specialty chemical and petroleum products and engineered materials with annual sales of more than $1.6 billion. Witco has 55 plant sites around the world./
 /CONTACT: C.R. Soderlind, 212-605-3813, or S.L. Levy, 212-605-3815, both of Witco/
 (WIT) CO: Witco Corporation ST: New York IN: CHM SU: ERN


SH-TQ -- NY024 -- 1223 07/21/92 10:36 EDT
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Date:Jul 21, 1992
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