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Triconex, IRVINE

August 10, 1992|Researched by DALLAS M. JACKSON / Los Angeles Times

Nature of Business: Designs, manufactures and markets safety and control systems for emergency shut-downs in critical applications.

Total employees: 105

In Orange County: 90

Stock listing in The Times: On NASDAQ as "Triconx"

Ticker Symbol: "TCNX"

Friday's Close: $12.13

One-week Change: Down $0.13

Analyst Review: "With Triconex, we're looking at an aggressive company with an exciting product. It makes emergency shut-down control systems for industries such as oil refineries and chemical and utility companies, that must maintain a continuous manufacturing process. The advantage of Triconex over other systems is that it has a triple set of back-up controls that will not unnecessarily shut down the whole manufacturing system if there is a problem with only one component, for example. That saves the customer tremendous costs for start-up, lost materials and downtime. Its revenue gowth has been meteoric. Four years ago, it had revenues of $1.9 million; last year revenues were $22 million. This is a stock investors should watch closely. --David Rose, analyst, L.H. Friend, Weinress & Frankson Inc., Irvine


(In millions of dollars)

Fiscal year ending Dec. 31 Dec. 31 Dec. 31 2 Qtrs. 2 Qtrs. 1989 1990 1991 1991 1992 Net Sales $7.5 $11.5 $22.3 $8.9 $14.0 Net Profit (Loss) ($2.0) $.398 $2.6 $.830 $2.0

Corporate Outlook: "Triconex has a mission to become the worldwide leader in safety and critical process control solutions. Specifically, Triconex will expand from its core product business to encompass value-added services such as cabinetry, wiring, application programming and systems intergration. This wil enable Triconex to provide users with full turnkey safety system solutions, and to continue our rapid growth in revenues and profitability."

--Charles W. McBrayer, chief financial officer


Fiscal year ending Dec. 31 Dec. 31 Dec. 31 2 Qtrs. 1989 1990 1991 1991 52-Week High* N/A N/A N/A N/A 52-Week Low* N/A N/A N/A N/A Book Value Per Share $0.47 $0.59 $1.34 $0.82 Price Per Share* N/A N/A N/A N/A Net Earnings (Loss) Per Share ($0.63) $0.12 $0.75 $0.24 Price-to-Earnings Ratio N/A N/A N/A N/A Avg. Return on Investor Equity N/A 21% 55% 30%

Fiscal year ending 2 Qtrs. 1992 52-Week High* $21.75 52-Week Low* $8.88 Book Value Per Share $5.29 Price Per Share* $11.25 Net Earnings (Loss) Per Share $0.45 Price-to-Earnings Ratio 13:1 Avg. Return on Investor Equity 17%

Source: Triconex Corp.

* Triconex sold 2.3 million shares in its initial public offering March 19, 1992; net proceeds: $17 million.

For more information call or write Triconex Corp.: 15091 Bake Parkway, Irvine, Calif. 92718. (714) 768-3709

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