LAMSON AND SESSIONS CO <LMS> 4TH QTR LOSS Oper shr loss 26 cts vs profit five cts Oper net loss 1,506,000 vs profit 312,000 Revs 42 mln vs 27.9 mln Year Oper shr loss 43 cts vs profit 16 cts Oper net loss 2,535,000 vs profit 1,236,000 Revs 129.9 mln vs 120.3 mln NOTE: Excludes discontinued operations loss 1.42 dlrs a share versus loss nine cts in the quarter, and loss 1.62 dlrs a share versus loss 12 cts in the year. Also excludes extraordinary loss of six cts a share in the fourth quarter 1985, and gain of 1.81 dlrs a share in full year 1985. Also excludes 1986 full year gain of 80 cts per share from accounting change.