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BELDING HEMINWAY COMPANY, INC. (NYSE) REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND NINE MONTHS OF 1992

BELDING HEMINWAY COMPANY, INC. (NYSE) REPORTS INCREASED EARNINGS FOR THE
 THIRD QUARTER AND NINE MONTHS OF 1992
 NEW YORK, Oct. 26 /PRNewswire -- Belding Heminway Company, Inc. (NYSE: BHY) today announced increased earnings for the third quarter and nine months ended Sept. 30, 1992 as per the attached table. Net income increased 4 percent for the quarter and 37 percent for the nine months.
 Belding Heminway Company, Inc. is a leading producer of high- technology threads and specialty fabrics and a leading marketer of a diversified line of consumer products.
 Belding Heminway also has investments in entities owning real estate and a cellular telephone license.
 BELDING HEMINWAY COMPANY, INC.
 1992 Third Quarter & Nine Months Results
 All amounts in thousands, except per share data
 For the Three Months For the Nine Months
 Ended September 30 Ended September 30
 1992 1991 1992 1991
 Net Sales $32,483 $34,397 $105,632 $105,670
 Income before federal
 income taxes 875 767 3,060 2,178
 Provision for federal
 income tax 282 197 1,010 683
 Net income 593 570 2,050 1,495
 Per common share & common
 stock equivalents
 (see below) $.30 $.30 $1.05 $.78
 Per common share (based on average shares outstanding and common stock equivalents, 1,948,000 in 1992 and 1,916,000 in 1991)
 -0- 10/26/72
 /CONTACT: Ronald V. Kaplan, Vice President-Treasurer, Belding Heminway Company, Inc, 212-556-4700/
 (BHY) CO: Belding Heminway Company, Inc. ST: New York IN: TEX SU: ERN


KD-EE -- NY090 -- 4934 10/26/92 14:54 EST
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Publication:PR Newswire
Date:Oct 26, 1992
Words:252
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