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/FIRST AND FINAL ADD -- NY087 -- CLARK EQUIPMENT/

 CLARK EQUIPMENT CO. AND CONSOLIDATED SUBSIDIARIES
 Statement Of Income And Retained Earnings (Unaudited)
 (Amounts In Thousands, Except Per Share Data)
 Period ended Second Quarter Six Months
 June 30 1993 1992 1993 1992
 Net sales $233,425 $212,621 $433,144 $402,223
 OPERATING COSTS
 AND EXPENSES:
 Cost of goods sold 185,992 177,453 346,561 333,381
 Selling, general &
 adminis. expenses 29,028 24,369 54,162 47,757
 Total 215,020 201,822 400,723 381,138
 Operating income 18,405 10,799 32,421 21,085
 Other income, net 3,164 4,277 6,016 7,544
 Interest expense (6,473) (6,577) (12,159) (13,395)
 Pre-tax income from
 consolidated
 operations 15,096 8,499 26,278 15,234
 Provision for
 income taxes 5,185 4,121 8,541 7,718
 Income from conso-
 lidated operations 9,911 4,378 17,737 7,516
 Equity in net income
 (loss) of associated
 company 888 (8,762) (4,334) (19,707)
 Loss from continuing
 operations 10,799 (4,384) 13,403 (12,191)
 Loss from discontinued
 operations 0 (5,512) 0 (7,056)
 Income (loss) before
 effect of change in
 accounting principle 10,799 (9,896) 13,403 (19,247)
 Effect of accounting
 change-income taxes 0 0 6,150 92,000
 Net Income (loss) 10,799 (9,896) 19,553 72,753
 Add: Income retained
 (accumulated deficit)
 at beginning of
 period 53,551 61,750 44,869 (20,899)
 Deduct: Excess cost of
 treasury shares issued
 over the cost of certain
 employee benefits 4 0 76 0
 Income retained at
 end of period $ 64,346 $ 51,854 $ 64,346 $ 51,854
 INCOME (LOSS) PER SHARE:
 From continuing
 operations $.62 $(.25) $.77 $(.70)
 From discontinued
 operations -- (.32) -- (.41)
 From effect of account-
 ing change -- -- .35 5.31
 Net income (loss) $.62 $(.57) $ 1.12 $4.20
 Avg no. of shares 17,438 17,329 17,418 17,324
 Number of shares
 outstanding at end
 of period 17,368 17,331 17,368 17,331
 Sales by classes of products(in millions):
 Off-highway $187.0 $175.0 $349.8 $336.8
 On-highway 46.4 37.6 83.3 65.4
 Total net sales $233.4 $212.6 $433.1 $402.2
 CLARK EQUIPMENT CO. AND CONSOLIDATED SUBSIDIARIES
 Condensed Balance Sheet
 (Amounts in Thousands)
 June 30, 1993 Dec. 31, 1992
 ASSETS (Unaudited Audited
 Current Assets:
 Cash, equivalents and
 short-term investments $224,863 $191,924
 Accounts and notes receivable 84,846 66,151
 Accounts receivable from
 associated companies 1,926 1,046
 Inventories 104,607 100,817
 Investment in discontinued
 operations-remaining
 insurance operations 5,064 9,648
 Prepaid income taxes 21,341 21,341
 Other current assets 6,810 5,198
 TOTAL CURRENT ASSETS 449,457 396,125
 Investments and advances -
 associated companies 118,579 121,314
 Prepaid income taxes-net 101,121 101,831
 Property, plant and
 equipment - net 205,214 216,196
 Assets held for sale 6,846 9,676
 Goodwill 78,550 81,653
 Other assets 34,748 31,896
 TOTAL ASSETS $994,515 $958,691
 LIABILITIES AND STOCKHOLDER'S EQUITY
 Current Liabilities:
 Notes payable $ 21,878 $ 23,821
 Accounts payable and
 accrued liabilities 127,771 118,195
 Income taxes payable 5,237 3,320
 Accrued postretirement
 benefits 19,000 19,000
 Deferred income taxes 962 963
 Current installments on
 long-term debt 10,152 21,570
 Total current liabilities 185,001 186,869
 Long-term borrowings 215,463 186,629
 Other non-current liabilities 86,410 90,508
 Accrued postretirement
 benefits 231,154 229,903
 Deferred income taxes 12,166 12,195
 TOTAL LIABILITIES 730,194 706,104
 STOCKHOLDERS' EQUITY:
 Capital stock 323,346 323,164
 Retained earnings 64,346 44,869
 Cumulative translation &
 other adjustments (37,244) (28,843)
 Common stock held in
 treasury at cost (50,475) (50,951)
 LEVERAGED EMPLOYEE STOCK OWNERSHIP
 Plan shares (35,652) (35,652)
 Total stockholders' equity 264,321 252,587
 TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY $994,515 $958,691
 Debt/Capitalization ratio 48.4 pct. 47.9 pct.
 Year to date capital
 expenditures $ 10,252 $ 37,284
 Year to date depreciation
 charges $ 18,789 $ 44,120
 CLARK EQUIPMENT COMPANY SEGMENT SALES
 Continuing Operations
 (Amounts in millions)
 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Full Year
 1988
 On-highway $ 39.6 $ 41.5 $ 64.4 $ 53.7 $199.2
 Off-highway 152.3 170.5 135.7 147.5 606.0
 Total $191.9 $212.0 $200.1 $201.2 $805.2
 1989
 On-highway $ 46.3 $ 40.7 $ 54.9 $ 55.8 $197.7
 Off-highway 158.1 177.4 157.1 174.2 667.8
 Total $204.4 $218.1 $212.0 $231.0 $865.5
 1990
 On-highway $ 66.5 $ 30.2 $ 53.8 $ 45.1 $195.6
 Off-highway 179.2 174.3 151.5 166.0 671.0
 Total $245.7 $204.5 $205.3 $211.1 $866.6
 1991
 On-highway $ 28.0 $ 29.0 $ 42.6 $ 34.1 $133.7
 Off-highway 155.0 157.8 133.3 141.6 587.7
 Total $183.0 $186.8 $175.9 $175.7 $721.4
 1992
 On-highway $ 27.8 $ 37.6 $ 45.9 $ 33.9 $145.2
 Off-highway 161.8 175.0 163.3 157.4 657.5
 Total $189.6 $212.6 $209.2 $191.3 $802.7
 1993
 On-highway $ 36.9 $ 46.4
 Off-highway 162.8 187.0
 Total $199.7 $233.4
 -0- 7/26/93 AA NY087
 /PRNewswire -- July 26/
 /END FIRST AND FINAL ADD/
 (CKL)


CO: Clark Equipment Co. ST: Illinois IN: SU: ERN

SM -- NY087A -- 5883 07/26/93 16:38 EDT
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Date:Jul 26, 1993
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