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BLESSINGS CORPORATION REPORTS SALES AND EARNINGS FOR THE SECOND QUARTER ENDING JULY 17, 1993

 BEDMINSTER, N.J., Aug. 20 /PRNewswire/ -- Blessings Corporation (AMEX: BCO) reported record net sales of $27,185,400 for the quarter ending July 17, 1993, compared with $25,296,600 for the same quarter of the prior year ending July 11, 1992. Net earnings for the quarter were $1,589,500 or $.33 per share on 4,878,660 average shares of common stock outstanding compared with $1,531,500 or $.31 per share on 4,877,065 average shares of common stock outstanding for the quarter ending July 11, 1992.
 Mr. Ivan E. Becker, president and chief executive officer of Blessings, reported that "The earnings results for the second quarter include an after-tax gain of $492,300 or $.10 per share on the sale of securities which the company had been holding for investment purposes since the early 1980s."
 Mr. Becker also reported that "both the Edison Plastics Division and the Geri-Care(R) Products Division continue to report very strong sales and earnings results and that the company could report through the first half of the fiscal year ending on July 17, 1993, record net earnings of $4,969,500 or $1.02 per share 12.7 percent better than net earnings during the first half of 1992 of $4,410,500 or $.90 per share."
 The company reported that at its meeting on July 8, 1993, the board of directors of the company declared a dividend of $.16 per share on its common stock payable on Sept. 1, 1993, to shareholders of record on Aug. 6, 1993.
 BLESSINGS CORPORATION
 Financial Highlights
 12 Weeks 28 Weeks
 Period ended 7/17/93 7/11/92 7/17/93 7/11/92
 Net sales $27,185,400 $25,296,600 $67,039,800 $60,510,400
 Earnings from opers.
 before provision
 for taxes on income
 and before
 cumulative effect
 of acct. change 2,601,600 2,500,200 8,133,900 6,536,500
 Net earnings before
 cumulative effect
 of acct. change 1,589,500 1,531,500 4,969,500 4,004,000
 Cumulative effect
 of acct. change
 (SFAS No. 109) --- --- --- 406,500
 Net earnings 1,589,500 1,531,500 4,969,500 4,410,500
 Earnings per share:
 Before cumulative
 effect of
 acct. change $.33 $.31 $1.02 $.82
 Cumulative effect
 of acct. change --- --- --- .08
 Earnings per share .33 .31 1.02 .90
 Average number of
 shares of common
 stock outstng. 4,878,660 4,877,065 4,878,562 4,877,514
 -0- 8/20/93
 /CONTACT: James P. Luke, executive vice president and secretary/treasurer of Blessings Corporation, 908-719-2300/
 (BCO)


CO: Blessings Corporation ST: New Jersey IN: SU: ERN

TM-MP -- NY002 -- 4603 08/20/93 08:30 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
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