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HOSPOSABLE PRODUCTS CONTINUES UPWARD TREND IN SALES AND EARNINGS

HOSPOSABLE PRODUCTS CONTINUES UPWARD TREND IN SALES AND EARNINGS
 BOUND BROOK, N.J., Nov. 10 /PRNewswire/ -- Hosposable Products, Inc. (NASDAQ: HOSP) sales for the three months ended Sept. 30, 1992 increased 9.4 percent to $7,721,657 as compared with $7,057,962 in 1991. The increase resulted principally from higher sales in the health care sector. Net income for the third quarter increased 18.4 percent to $207,446 compared with $175,255 in 1991. Net income per share was $.12 in 1992 compared with $.10 in 1991.
 Sales for the nine months ended Sept. 30, 1992 increased 8.9 percent to $22,372,433 as compared with $20,548,033 in 1991. The increase resulted principally from higher sales in the health care sector. Net income for the nine months increased 9.1 percent to $774,945 compared with $710,306 in 1991. Net income per share was $.45 in 1992 compared with $.41 in 1991.
 Hosposable Products, Inc. manufactures and distributes disposable incontinent products to the health care market. Its non-woven division manufactures "air-laid" non-woven disposable fabrics for use in many industries. Through their IFC subsidiary, the company produces and distributes a broad line of branded disposable industrial wiping and food service products.
 HOSPOSABLE PRODUCTS, INCORPORATED
 Statement of Operations
 Three Months Ended Sept. 30,
 1992 1991
 Net sales $7,721,657 $7,057,962
 Earnings before taxes 337,130 295,879
 Income taxes 129,684 120,624
 Net earnings 207,446 175,255
 Net earnings per share .12 .10
 Weighted average shares 1,702,106 1,713,020
 Nine Months Ended Sept. 30,
 1992 1991
 Net sales $22,372,433 $20,548,033
 Earnings before taxes 1,292,982 1,178,016
 Income taxes 518,037 467,710
 Net earnings 774,945 710,306
 Net earnings per share .45 .41
 Weighted average shares 1,705,031 1,719,259
 -0- 11/10/92
 /CONTACT: Leonard Schramm or Richard Cohan, 908-469-8700, both of Hosposable Products, Inc./
 (HOSP) CO: Hosposable Products, Inc. ST: New Jersey IN: HEA SU: ERN


SS-JB -- FL016 -- 9509 11/10/92 17:48 EST
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Publication:PR Newswire
Date:Nov 10, 1992
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