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CPAC NET INCOME UP 50 PERCENT IN THIRD QUARTER AND YEAR-TO-DATE

 LEICESTER, N.Y., Feb. 9 /PRNewswire/ -- Continuing its trend of record sales, profits, and earnings, CPAC, Inc. (NSDA-NMS: CPAK) again reported increases in both the third quarter and for the nine months ended Dec. 31, 1992.
 Sales increased 21 percent over the nine month period to $29 million, from $23.9 million for the same period last year. Net income soared 52 percent to 2 million from $1.32 million in the previous year. Earnings per share were also up 18 percent compared to last year, to 67 cents based in an increased number of shares outstanding to 2,965,693. In fiscal 1992, nine month earnings per share were 57 cents on 2,297,343 shares outstanding.
 CPAC third quarter sales were also up 29 percent to $10.65 million from $8.26 million for the same quarter last year. Net income rose a dramatic 50 percent to $653,000 from $436,000 in the third quarter of fiscal 1992. Earnings per share for the quarter were up 16 percent to 22 cents on $2,966,960 shares outstanding, as compared to 19 cents per share on 2,311,160 shares in the comparable quarter last year.
 CPAC President and Chief Executive Officer Thomas N. Hendrickson said sales in the third quarter were supplemented for the first time by a full three months from CPAC Italia srl, the company's new Italian chemical manufacturing subsidiary acquired in June 1992.
 Relative to the substantial profit improvements in this reporting period, Mr. Hendrickson commented on the consistent performance of the company's Trebla Chemical subsidiary in St. Louis. "Despite increasing competition in the photographic industry, and a slower economy, Trebla has capitalized on its environmental expertise to provide the pollution reduction products now heavily in demand."
 CPAC, Inc. is a manufacturer of processing solutions and environmental compliance equipment for the imaging industries. Shares are traded over the NASDAQ National Market System under the ticker symbol "CPAK."
 -0- 2/9/93
 /CONTACT: Wendy Clay, vice president-adminstration of CPAC, 716-382-3223/
 (CPAK)


CO: CPAC, Inc. ST: New York IN: SU: ERN

SM -- NY014 -- 4464 02/09/93 08:36 EST
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Publication:PR Newswire
Date:Feb 9, 1993
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