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McCLAIN INDUSTRIES, INC. ANNOUNCES FISCAL 1991 EARNINGS

 McCLAIN INDUSTRIES, INC. ANNOUNCES FISCAL 1991 EARNINGS
 STERLING HEIGHTS, Mich., Dec. 31 /PRNewswire/ -- McClain Industries,


Inc. (NASDAQ-NMS: MCCL) today announced sales and earnings for the year ended Sept. 30, 1991.
 Sales for the year ended Sept. 30, 1991, were $27,564,000 compared to $30,967,000 in fiscal 1990. Net income was $665,000 or $.22 a share compared to net income of $773,000 or $.26 a share during the prior year.
 "The nationwide recession and excess manufacturing capacity within our industry had a direct impact on our sales and net income," said Kenneth D. McClain, president. "While we are pleased that fiscal 1991 was a profitable year, we anticipate that fiscal 1992 will be more challenging. Although we continue to gain market share, we expect sales to remain flat until the economic recovery begins."
 McClain Industries is one of the nation's leading manufacturers of solid waste handling equipment for the waste disposal industry.
 McCLAIN INDUSTRIES, INC.
 CONSOLIDATED STATEMENT OF OPERATIONS
 Three Months Ended Year Ended
 Sept. 30 Sept. 30
 1991 1990 1991 1990
 Net sales $6,770,128 $8,191,078 $27,563,957 $30,967,306
 Cost of sales 5,150,639 6,112,685 20,478,290 23,314,046
 Gross profit 1,619,489 2,078,393 7,085,667 7,653,260
 Selling, general &
 admin. expenses 1,439,921 1,571,784 5,639,916 5,859,272
 Operating profit 179,568 506,609 1,445,751 1,793,988
 Other income
 (expense) (125,168) (168,271) (456,737) (549,773)
 Income before
 income taxes 54,400 338,338 989,014 1,244,215
 Provision for
 income taxes 13,600 171,654 323,600 471,654
 Net income $40,800 $166,684 $665,414 $772,561
 Income per share $.01 $.06 $.22 $.26
 Average shares
 outstanding 2,961,302 2,947,941 2,961,302 2,947,941
 -0- 12/31/91
 /CONTACT: Kenneth McClain of McClain Industries,, 313-264-3611/
 (MCCL) CO: McClain Industries, Inc. ST: Michigan IN: SU: ERN


KK -- DE001 -- 5808 12/31/91 08:23 EST
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Date:Dec 31, 1991
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