LAMSON AND SESSIONS CO <LMS> 3RD QTR NET Oper shr profit 20 cts vs loss 22 cts Oper net profit 2,111,000 vs loss 1,605,000 Revs 89.6 mln vs 27.2 mln Nine mths Oper shr profit 47 cts vs loss 15 cts Oper net profit 4,116,000 vs loss 1,029,000 Revs 252.1 mln vs 87.9 mln NOTE: 1986 net excludes losses from discontinued operations of 791,000 dlrs in quarter and 1,168,000 dlrs in nine mths. 1986 nine mths net excludes gain 4,726,000 dlrs from cumulative effect of pension accounting change. 1987 net excludes tax credits of 1,569,000 dlrs in quarter and 2,894,000 dlrs in nine mths.