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METALCLAD CORP. REPORTS RESULTS

 METALCLAD CORP. REPORTS RESULTS
 ANAHEIM, Calif., April 17 /PRNewswire/ -- Metalclad Corp.


(NASDAQ: MTLC) announced today that it experienced income from its continuing industrial insulation contracting services and industrial asbestos abatement business, before taxes and losses from its discontinued commercial insulation contracting and commercial asbestos abatement operations, of $109,244 on revenues of $21,905,000 in 1991, compared to $4,339 of net income before taxes and losses from discontinued operations on revenues of $21,077,000 in 1990. The losses from discontinued operations, less applicable income tax benefits, were $975,672 in 1991, compared to $174,906 in 1990. Of the losses reported for discontinued operations there is included a reserve of $180,000 in the event there are any further losses as a result of discontinued operations in 1992. By virtue of that reserve, no further losses are expected from discontinued operations in 1992 and subsequent years.
 Metalclad Corp. remains engaged in the industrial insulation services and industrial asbestos abatement business, together with insulation material sales serving primarily markets in Northern and Southern California.
 METALCLAD CORP.
 Financial Summary
 1991 1990
 Revenues 21,905,177 21,076,258
 Costs and expenses 21,795,933 21,071,919
 Income (loss) before taxes
 and extraordinary items 109,244 4,339
 Income taxes 44,000 11,000
 Income (loss) before
 extraordinary items 65,244 (6,661)
 Loss from discontinued
 operations less applicable
 income tax benefit (860,916) (168,245)
 Reserve for loss from
 discontinued operations (180,000) ---
 Net income (loss) (975,672) (174,906)
 Income per share of common stock:
 Income (loss) from continuing
 operations .01 ---
 Income (loss) after discontinued
 operations (.19) (.04)
 Net income (loss) (.19) (.04)
 -0- 4/17/92
 /CONTACT: Elgin Williams (investors) or Grant S. Kesler, president, 714-634-9050; or Bruce H. Haglund, 714-752-6100, all of Metalclad/
 (MTLC) CO: Metalclad Corp. ST: California IN: SU: ERN


DM-EH -- LA007 -- 9713 04/17/92 14:34 EDT
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Publication:PR Newswire
Date:Apr 17, 1992
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