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CENTRAL SPRINKLER CORPORATION REPORTS INCREASE IN FIRST QUARTER SALES AND EARNINGS

 LANSDALE, Pa., March 4 /PRNewswire/ -- Central Sprinkler Corporation (NASDAQ: CNSP) reported today its sales and earnings for the first quarter ended Jan. 31, 1993.
 Sales for the quarter increased by 14 percent to $16,008,000 from the $14,093,000 reported in the first quarter of fiscal 1992. Net income for the first quarter increased to $136,000 from the $104,000 earned in the comparable quarter of fiscal 1992. Earnings per share was $.03 compared to $.02 earned in the first quarter of fiscal 1992.
 The increase in sales primarily reflects the incremental sales resulting from a first quarter 1993 acquisition. Effective Nov. 1, 1992, the company acquired certain business assets of a company engaged in the distribution of fire sprinkler equipment. In addition, a sales increase of about 5 percent resulted from sales of certain new sprinkler products. The company's new line of extended coverage commercial fire sprinklers provided the majority of the sales increase associated with new products. The company said it believes that these extended coverage commercial fire sprinklers will result in a dramatic turning point in fire sprinkler protection and technology. The overall demand for fire sprinkler products remains generally weak due primarily to the continuing low level of new construction activity in the United States. The weak market conditions have led to an increased level of competition which has reduced the company's overall gross profit margin between the periods. The company's total operating expenses increased about 4 percent from the first quarter of fiscal 1992. Virtually all of the increased operating expenses resulted from expanded marketing and sales promotion programs primarily associated with new products along with the costs of operating the recently acquired distribution operation. Although the weak market conditions are expected to continue, the company said it expects that sales derived from new products will improve the company's competitive position in the fire sprinkler industry.
 Central Sprinkler Corporation is a manufacturer and distributor of components used in automatic fire sprinkler systems.
 CENTRAL SPRINKLER CORPORATION
 Summarized Financial Results
 (Amounts in thousands, except per share)
 Three months ended Jan. 31 1993 1992
 Net sales $16,008 $14,093
 Gross profit 4,408 4,119
 Operating income (loss) 94 (22)
 Interest income, net 105 172
 Income before income taxes 199 150
 Net income 136 104
 Earnings per share $.03 $.02
 Average number of shares 4,260 4,703
 /delval/
 -0- 3/4/93
 /CONTACT: Al Sabol of Central Sprinkler, 215-362-0700/
 (CNSP)


CO: Central Sprinkler Corporation ST: Pennsylvania IN: SU: ERN

MK-MJ -- PH006 -- 2884 03/04/93 10:17 EST
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Date:Mar 4, 1993
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