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BLOCK DRUG COMPANY REPORTS PRELIMINARY FIRST QUARTER SALES AND EARNINGS

 JERSEY CITY, N.J., July 27 /PRNewswire/ -- Block Drug Company, Inc. (OTC) today reported sales for the first quarter ended June 30, 1993 decreased by 2 percent to $150,480,000 compared with $153,352,000 for the same period in 1992. Net earnings after taxes for the quarter were $15,650,000, equal to $.83 per share, compared with $15,975,000 or $.84 per share earned in the same period a year ago.
 A combination of factors is responsible for the decline in sales and earnings. During the last six months the company has met very strong competitive new product introductions by major corporations, there has been a soft economy in significant markets, and since the international division generates approximately 50 percent of the company's sales, foreign currency translations have had a negative impact so that instead of a nominal increase there was a decrease in sales.
 A dividend of $.25 per share has been declared payable on Oct. 1, 1993 to Class A common stockholders of record as of Sept. 1, 1993.
 BLOCK DRUG COMPANY, INC.
 Preliminary Consolidated Statements of Income (A)
 Periods ended First Quarter
 June 30 1993 1992
 Net sales $150,480,000 $153,352,000
 Income before provision
 for taxes 20,325,000 19,969,000
 Net income 15,650,000 15,975,000
 Average number of shares
 outstanding 18,948,280 18,930,367 (B)
 Net income per share .83 .84 (B)
 (A) Unaudited
 (B) Restated for the 3 percent stock dividend declared October 1992.
 -0- 7/27/93
 /CONTACT: Melvin Koop, senior vice president and controller of Block Drug Company, 201-434-3000/
 (BLOC)


CO: Block Drug Company, Inc. ST: New Jersey IN: MTC SU: ERN

MP-LG -- NY074 -- 6338 07/27/93 15:00 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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