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CARLISLE PLASTICS REPORTS SECOND QUARTER EARNINGS

 CARLISLE PLASTICS REPORTS SECOND QUARTER EARNINGS
 BOSTON, Aug. 14 /PRNewswire/ -- Carlisle Plastics, Inc. (NYSE: CPA)


today reported that net income in the second quarter of 1992 was $0.3 million compared to a net loss of $7.3 million, including an extraordinary write-off of $3.6 million net of taxes, in the same 1991 period. Earnings per share for the quarter were 2 cents on 17.6 million common and common equivalent shares outstanding vs. a pro forma loss of 34 cents on 13.8 shares in the comparable 1991 quarter.
 Unit sales for the 1992 second quarter increased 24 percent, as dollar sales rose 8 percent to $87.4 million.
 Carlisle Plastics, Inc. manufactures, sells and develops consumer and consumer-related commercial plastic products, including its Ruffies R brand and private-label trash bags, garment hangers, and containers for milk and water.
 CARLISLE PLASTICS, INC. AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 (Unaudited)
 (In thousands except share and per share amounts)
 Periods Ended June 30
 Three Months Six Months
 1992 1991 1992 1991
 Net sales $87,435 $81,284 $174,359 $165,405
 Cost of goods sold 62,651 54,951 124,444 117,569
 Gross profit 24,784 26,333 49,915 47,836
 Operating expenses 19,337 16,329 36,861 30,530
 Charge for plant
 consolidation --- 5,907 --- 5,907
 Operating income 5,447 4,097 13,054 11,399
 Interest expense 4,965 5,972 9,803 13,039
 Interest and other
 income (53) (550) (94) (1,043)
 Other (123) 11 (141) 34
 Income (loss) before
 provision for income
 taxes and extraordinary
 item 658 (1,336) 3,486 (631)
 Provision for income
 taxes 310 2,424 1,434 2,704
 Income (loss) before
 extraordinary item 348 (3,760) 2,052 (3,335)
 Extraordinary item
 (net of taxes) --- (3,576) --- (3,576)
 Net income (loss) 348 (7,336) 2,052 (6,911)
 Earnings per common
 share 2 cents --- 12 cents ---
 Pro forma earnings per
 common share:
 Before extraordinary
 item --- (8 cents) --- (5 cents)
 Extraordinary item (26 cents) --- (29 cents)
 Net income (loss) --- (34 cents) --- (34 cents)
 Common and common
 equivalent shares 17,609 13,799 17,609 12,305
 -0- 8/14/92
 /CONTACT: Rhonda Iannacone of Carlisle Plastics, 617-557-2670/
 (CPA) CO: Carlisle Plastics, Inc. ST: Massachusetts IN: HOU SU: ERN


CN -- NE004 -- 9918 08/14/92 10:01 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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