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AMERICAN BUSINESS PRODUCTS REPORTS RECORD SALES AND EARNINGS FOR FOURTH QUARTER AND YEAR

 AMERICAN BUSINESS PRODUCTS REPORTS RECORD SALES AND EARNINGS
 FOR FOURTH QUARTER AND YEAR
 ATLANTA, Jan. 29 /PRNewswire/ -- American Business Products, Inc. (NYSE: ABP) today reported that sales and earnings for both the fourth quarter and the year 1991 reached new records.
 It was the 53rd consecutive year of higher sales.
 Net income for the year increased 15.6 percent while sales advanced 12 percent, Thomas R. Carmody, president and chief executive officer, announced. Earnings for the fourth quarter were up 14.4 percent as sales increased 6.1 percent.
 Fourth quarter sales advanced to a record $115.2 million against $108.6 million for 1990. Net income for the quarter increased to a record $4.9 million vs. $4.3 million the previous year. Earnings for the fourth quarter were reduced by a net charge of approximately $600,000 resulting from a reduction in the number of years over which certain retirement benefits are being accrued.
 Earnings per share for the fourth quarter were up 15 percent to 46 cents compared with 40 cents the previous year, as adjusted for the 3-for-2 stock split in 1991.
 For the 12 months ended Dec. 31, 1991, sales rose to a record $446.5 million compared with $399 million for 1990. Net income for the year increased to a record $16.5 million compared with $14.3 million for 1990.
 Earnings per share for the year increased 16.5 percent to a record $1.55 vs. $1.33 per share for 1990, as adjusted for a 3-for-2 stock split in December 1991.
 "Although the recession affected our sales, the aggressive efforts of our people in all the operating companies, led by Jen-Coat, Inc., our 1990 acquisition, produced a record performance," Carmody said. "We anticipate an improving economy in 1992 and we expect to share in the recovery with continuing growth of sales and earnings."
 In addition to the fourth quarter stock split, the company's European joint venture, Curtis 1000 Europe GmbH, in December acquired Neuwieder Couvert Fabrik of Neuwied, Germany, an envelope manufacturer. It was the second acquisition of 1991 by the joint venture, the leading European producer and marketer of super strong Tyvek envelopes.
 ABP's operating companies are Curtis 1000 Inc., Vanier Business Forms & Systems, BookCrafters USA, Inc., American Fiber-Velope Mfg. Co., and Jen-Coat, Inc.
 AMERICAN BUSINESS PRODUCTS, INC.
 (Unaudited)
 3 mos. ended Dec. 31 1991 1990
 Net sales $115,217,000 $108,563,000
 Inc. before income taxes 7,719,000 6,502,000
 Provision for income taxes 2,841,000 2,239,000
 Net income 4,878,000 4,263,000
 Earnings per common share .46 .40
 Avg. no. of comm. shrs. outst. 10,682,758 10,675,250
 Year ended Dec. 31 1991 1990
 Net sales $446,533,000 $398,794,000
 Inc. before income taxes 26,736,000 22,465,000
 Provision for income taxes 10,248,000 8,197,000
 Net income 16,488,000 14,268,000
 Earnings per common share 1.55 1.33
 Avg. no. of comm. shrs. outst. 10,670,937 10,717,330
 -0- 1/29/92
 /CONTACT: Thomas R. Carmody, president & chief executive officer of American Business Products, 404-953-8300/
 (ABP) CO: American Business Products Inc. ST: Georgia IN: SU: ERN


BN-BR -- AT008 -- 4834 01/29/92 15:01 EST
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Date:Jan 29, 1992
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