Apogent Technologies Inc. Announces Second Quarter Results ****Earnings Clarification****

Apr 24, 2001, 01:00 ET from Apogent Technologies

    PORTSMOUTH, N.H., April 24 /PRNewswire Interactive News Release/ --
 Apogent Technologies (NYSE:   AOT), a leading manufacturer of laboratory and
 life science products, announced today a clarification to its financial
 results for the second quarter of fiscal 2001, the three months ended March
 31, 2001.
 
     SECOND QUARTER AND FIRST HALF RESULTS
     Diluted earnings per share from continuing operations for the quarter were
 28 cents versus 24 cents for the second quarter of last year.  Diluted
 earnings per share from continuing operations and calculated before the impact
 of the gain on sale of aircraft transaction, would have been 26 cents.  The
 company reported a loss from discontinued operations of $838 thousand, net of
 tax, related to the spin-off of Sybron Dental Specialties, which was completed
 on December 11, 2000.  Net income for the quarter was $29.4 million and
 diluted net earnings per share were 27 cents.
     In addition to the above clarification, the company announced today that
 the Reuters headline of 27 cents versus 37 cents in second quarter net
 earnings per share was after the inclusion of discontinued operations.  The
 company believes this to be potentially confusing and reiterates that diluted
 earnings per share from continuing operations was 28 cents a share versus 24
 cents a share in the comparable period last year.
 
     Contact:  Jeffrey C. Leathe
               Executive Vice President, Chief Financial Officer and Treasurer
     Phone:    (603) 433-6131  Ext. 430
 
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SOURCE Apogent Technologies
    PORTSMOUTH, N.H., April 24 /PRNewswire Interactive News Release/ --
 Apogent Technologies (NYSE:   AOT), a leading manufacturer of laboratory and
 life science products, announced today a clarification to its financial
 results for the second quarter of fiscal 2001, the three months ended March
 31, 2001.
 
     SECOND QUARTER AND FIRST HALF RESULTS
     Diluted earnings per share from continuing operations for the quarter were
 28 cents versus 24 cents for the second quarter of last year.  Diluted
 earnings per share from continuing operations and calculated before the impact
 of the gain on sale of aircraft transaction, would have been 26 cents.  The
 company reported a loss from discontinued operations of $838 thousand, net of
 tax, related to the spin-off of Sybron Dental Specialties, which was completed
 on December 11, 2000.  Net income for the quarter was $29.4 million and
 diluted net earnings per share were 27 cents.
     In addition to the above clarification, the company announced today that
 the Reuters headline of 27 cents versus 37 cents in second quarter net
 earnings per share was after the inclusion of discontinued operations.  The
 company believes this to be potentially confusing and reiterates that diluted
 earnings per share from continuing operations was 28 cents a share versus 24
 cents a share in the comparable period last year.
 
     Contact:  Jeffrey C. Leathe
               Executive Vice President, Chief Financial Officer and Treasurer
     Phone:    (603) 433-6131  Ext. 430
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X41340533
 
 SOURCE  Apogent Technologies