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BLESSINGS CORPORATION REPORTS SALES AND EARNINGS FOR THE THIRD QUARTER ENDING OCT. 9, 1993

 BEDMINSTER, N.J., Nov. 9 /PRNewswire/ -- Blessings Corporation (AMEX: BCO) today reported that for the third quarter ending Oct. 9, 1993, the company attained record net sales of $32,172,900 compared with the previous record of $30,026,800 established during the third quarter ended Oct. 3, 1992. Net earnings for the third quarter totaled $2,206,200 or 45 cents per share on 4,876,493 shares compared to $1,919,000 or 39 cents per share on 4,877,065 during the third quarter of 1992.
 Ivan E. Becker, president and chief executive officer of Blessings, reported that "Demand for the products of the Edison Plastics(R) Division continued at an all-time high throughout the quarter with division net sales almost 8.5 percent ahead of the same quarter for fiscal year 1992."
 As previously reported, the company reported that at its meeting on Oct. 14, 1993, the board of directors of the company declared a dividend of 16 cents per share on outstanding common stock payable on Dec. 1, 1993, to shareholders of record Nov. 5, 1993.
 BLESSINGS CORPORATION
 Financial Highlights
 12 Weeks 12 Weeks 40 Weeks 40 Weeks
 Ended Ended Ended Ended
 10/9/93 10/3/92 10/9/93 10/3/92
 Net sales $32,172,900 $30,026,800 $99,212,700 $90,537,200
 Earns. from opers.
 bef. prov. for
 taxes on inc. &
 bef. cum. effect
 of acctg. change 3,742,600 3,132,800 11,876,500 9,669,300
 Net earnings before
 cumulative effect
 of acctg. change 2,206,200 1,919,000 7,175,700 5,923,000
 Cum. effect of acctg.
 change (SFAS No. 109) -- -- -- 406,500
 Net earnings 2,206,200 1,919,000 7,175,700 6,329,500
 Earnings per share:
 Bef. cum. effect
 of acctg. change $.45 $.39 $1.47 $1.21
 Cumulative effect of
 accounting change -- -- -- .08
 Earnings per share .45 .39 1.47 1.29
 Avg. no. of shares of
 com. stock outstdg. 4,876,493 4,877,065 4,877,941 4,877,379
 -0- 11/9/93
 /CONTACT: James P. Luke, executive VP, secretary/treasurer of Blessings, 908-719-2300/
 (BCO)


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

LG-CK -- NY090 -- 2338 11/09/93 14:20 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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