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WYNN'S NET INCOME INCREASES 22 PERCENT

 ORANGE, Calif., April 20 /PRNewswire/ -- Wynn's International, Inc. (NYSE: WN) reported today net income of $1,867,000, or $.51 per share, in the first quarter ended March 31, 1993, an increase of 22 percent over 1992 first quarter net income of $1,526,000, or $.42 per share. Net sales for the quarter ended March 31, 1993, were $70,508,000 compared to $71,499,000, a year ago.
 Wynn's-Precision Inc. (Precision), a key supplier of sealing products for automobiles and other equipment, recorded a sharp increase in operating profits on a 12 percent increase in sales in the first quarter, compared to the first quarter of 1992. The improved operating profits were because of higher production and sales volumes despite the continued price pressures in all the major markets served.
 Wynn's Climate Systems (WCS), which designs and manufactures automotive air conditioning systems for sale to original equipment manufacturers (OEM) and through the aftermarket, recorded a 12 percent increase in operating profits during the first quarter of 1993, compared to the prior year. As expected, sales declined in the most recent quarter to approximately 12 percent below the prior year. Both domestic OEM and aftermarket sales declined, partially offset by increased sales to Rover. Operating profits increased because of improved gross margins and reduced operating expenses.
 Wynn Oil Co., the petrochemical specialties division, recorded a 27 percent drop in operating profits on a slight decline in revenue, compared to the first quarter of 1992. Operating results were impacted by lower sales in the European market, which continues to be hurt by the economic slump.
 Robert Skeels & Co., the relatively small builders hardware and locksmith supplies subsidiary, had a decline in sales and operating profits because of the continued downturn in the Southern California building industry.
 James Carroll, president and chief executive officer, said, "I am encouraged by the continued success of Precision and the ongoing improvement at Wynn's Climate. Wynn Oil continues to be buffeted by the European slowdown, but cost reductions implemented the past six months should benefit future quarters. The program to improve the quality of consolidated revenues is working and our outlook remains optimistic."
 The company's balance sheet and overall financial condition remain strong with the current ratio at 2.12-to-1 and shareholders' equity at $79.8 million or $22.13 per common share.
 Wynn's International Inc., founded in 1939, is a worldwide supplier of high quality O-rings, seals, molded rubber products, petrochemical specialties products, automotive air conditioners and builders hardware supplies. The company has 2,007 employees and is headquartered at 500 N. State College Blvd., Suite 700, Orange, CA 92668, telephone: 714-938-3700.
 WYNN'S INTERNATIONAL INC.
 Highlights
 Operating Results
 First Quarter ended
 March 31,
 1993 1992
 Net sales $70,508,000 $71,499,000
 Income before taxes 3,333,000 2,827,000
 Provision for taxes 1,466,000 1,301,000
 Net income $1,867,000 $1,526,000
 Earnings per share of
 common stock:
 Primary $.51 $.42
 Fully diluted $.49 $.42
 Average shares
 outstanding 3,682,095 3,595,434
 -0- 4/20/93
 /CONTACT: James Carroll, president and CEO of Wynn's International, 714-938-3700/
 (WN)


CO: Wynn's International Inc. ST: California IN: AUT SU: ERN

KJ-BP -- LA020 -- 7981 04/20/93 11:11 EDT
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Date:Apr 20, 1993
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