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WYNN'S SECOND QUARTER NET INCOME INCREASES 39 PERCENT

 ORANGE, Calif., July 20 /PRNewswire/ -- Wynn's International Inc. (NYSE: WN) reported today net income of $2,409,000, or $.65 per share, for the second quarter ended June 30, 1993, an increase of 39 percent over 1992 second quarter net income of $1,728,000, or $.48 per share. Net sales for the quarter ended June 30, 1993, were $71,320,000, compared to $76,589,000 a year ago. As previously announced, the decline in net sales during the second quarter occurred at the company's air conditioning subsidiary and was due principally to a drop-off in vehicle sales by a major customer that imports vehicles from Japan.
 Net income for the first-half of 1993 increased 31 percent to $4,276,000, or $1.16 per share, compared to $3,254,000, or $.90 per share, a year ago. Net sales for the first six months of 1993 were $141,828,000, compared to $148,088,000 during the first half of 1992.
 Wynn's-Precision Inc., a key supplier of sealing products for automobiles and other equipment, recorded a sharp increase in operating profits on a 19 percent increase in sales in the second quarter compared to the like quarter of 1992. The improved operating profits were due to higher production and sales volumes and improved productivity and cost reductions. Price pressures continue in all major markets served.
 Wynn's Climate Systems (WCS), which designs and manufactures automotive air conditioning systems for sale to original equipment manufacturers and through the aftermarket, recorded a 32 percent decline in revenues during the second quarter of 1993 compared to the relatively high sales in the prior year. This decline was due primarily to an $8.3 million reduction of comparatively low margin sales to Mazda. Sales to Rover and the aftermarket were above the prior-year levels. Operating profit, however, decreased only 16 percent due to the change in product mix and lower operating costs compared to the second quarter of 1992.
 Revenues for Wynn Oil Co., the petrochemical specialties division, increased 2 percent compared to the second quarter of 1992. Operating profit increased by 48 percent due to generally improved results in most geographic areas compared to the weak second quarter of 1992. Excluding the overall negative effect of foreign exchange rate changes, revenues and operating profits increased 5 percent and 61 percent, respectively.
 Robert Skeels & Co., the company's small builders hardware and locksmith supplies subsidiary, experienced a decline in sales and operating profits due to the continued weakness in the Southern California building industry.
 James Carroll, president and chief executive officer, said, "The strong growth in earnings during the second quarter, despite the difficult economic environment and the revenue decline at WCS, reflects our strategy of focusing on the production of higher value-added products for our customers and continuing our overall cost containment programs. Our outlook for the second half of 1993 remains optimistic."
 The company's balance sheet and overall financial condition remain strong with the current ratio at 2.21 to 1 and shareholders' equity at $80.8 million, or $22.33 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 2,020 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
 Second Quarter Ended
 June 30,
 1993 1992
 Net sales $71,320,000 $76,589,000
 Income before taxes 4,302,000 3,199,000
 Provision for taxes 1,893,000 1,471,000
 Net income $2,409,000 $1,728,000
 Earnings per share
 of common stock:
 Primary $.65 $.48
 Fully diluted $.63 $.48
 Average shares outstanding 3,679,799 3,596,588
 Six Months Ended
 June 30,
 1993 1992
 Net sales $141,828,000 $148,088,000
 Income before taxes 7,635,000 6,026,000
 Provision for taxes 3,359,000 2,772,000
 Net income $4,276,000 $3,254,000
 Earnings per share
 of common stock:
 Primary $1.16 $.90
 Fully diluted $1.12 $.90
 Average shares outstanding 3,680,947 3,596,011
 -0- 7/20/93
 /CONTACT: James Carroll, president and CEO of Wynn's International, 615-444-0191/
 (WN)


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

JL-LM -- LA002 -- 6576 07/20/93 08:43 EDT
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Date:Jul 20, 1993
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