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WITCO REPORTS THIRD QUARTER 1992 RESULTS

 WITCO REPORTS THIRD QUARTER 1992 RESULTS
 NEW YORK, Oct. 22 /PRNewswire/ -- Witco Corporation (NYSE: WIT)


today reported net income for the third quarter of 1992 of $18,887,000, equal to 81 cents per common share, a decrease of 11 percent compared to net income of $21,183,000, or 92 cents per common share, for the same period of 1991. Net income for the third quarter of 1991 included a net gain of 2 cents per common share for the sale of the Inorganic Specialties Division, partially offset by a provision relating to a legal claim. Net sales for the third quarter of 1992 were $425,157,000 compared to sales of $420,360,000 for the third quarter of 1991.
 Net income for the first nine months of 1992 was $55,791,000, or $2.41 per common share, an increase of 3 percent compared to net income of $53,960,000 or $2.36 per common share, for the prior year period. Net sales for the first nine months of 1992 were $1,272,414,000 compared to $1,240,005,000 for the same period of 1991.
 Witco Chairman and Chief Executive Officer William R. Toller said, "Third quarter results reflected ongoing global recessionary pressures on sales prices. In the present economy we were unable to recover increased manufacturing costs, particularly in the petroleum segment of our business. Despite the relative strength of our chemical segment, we expect the remainder of the year to be difficult also due to global economic conditions. We are optimistic, however, about 1993 as we strengthen our chemical sector and begin to take advantage of enhanced and expanded product lines and economies of scale afforded by our pending acquisition of the Natural Substances and Industrial Chemicals divisions from Schering AG Berlin."
 NOTE: Witco is a worldwide manufacturer of specialty chemical and petroleum products and engineered materials with annual sales exceeding $1.6 billion.
 WITCO CORPORATION AND SUBSIDIARY COMPANIES
 Three months ended Sept. 30 1992 1991
 Net sales $425,157,000 $420,360,000
 Income before federal and
 foreign income taxes 28,272,000 31,944,000
 Federal and foreign income taxes 9,385,000 10,761,000
 Net income $ 18,887,000 $ 21,183,000
 Net income per common share $.81 $.92(A)
 Average number of common shares 24,888,000 24,612,000
 Nine months ended Sept. 30 1992 1991
 Net sales $1,272,414,000 $1,240,005,000
 Income before federal and
 foreign income taxes 85,048,000 81,757,000
 Federal and foreign income taxes 29,257,000 27,797,000
 Net income $ 55,791,000 $ 53,960,000
 Net income per common share $2.41 $2.36(A)
 Average number of common shares 24,863,000 24,583,000
 (A) -- Includes net income of $.02 per common share from a gain for the sale of the Inorganic Specialties Division, partially offset by a provision relating to a legal claim.
 -0- 10/22/92
 /CONTACT: C. R. Soderlind, group vice president, 212-605-3813, or S. L. Levy, manager public relations, 212-605-3815, both of Witco/
 (WIT) CO: Witco Corporation ST: New York IN: CHM SU: ERN


GK-AH -- NY108 -- 3689 10/22/92 13:58 EDT
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Date:Oct 22, 1992
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