Printer Friendly

CARLISLE PLASTICS SECOND QUARTER FORECAST

 CARLISLE PLASTICS SECOND QUARTER FORECAST
 BOSTON, July 1 /PRNewswire/ -- Carlisle Plastics, Inc. (NYSE: CPA)


announced today that price erosion in certain segments of the plastic trash bag market would have an adverse impact on earnings in the second quarter ending June 30, 1992. The company expects earnings at approximately 2 cents per share for the quarter. Management noted that it was not possible to determine how long the competitive price situation would last but said that it would likely extend into the third quarter, impacting third quarter results materially. However, the company does expect to be profitable overall for the year and gave an estimate of 25-30 cents per share for 1992.
 On a positive note, the company said that overall unit sales in the second quarter were up approximately 24 percent versus the 1991 comparable period. Sales and operating income in its Molded Products Group are strong and management believes that the long-term prospects for the company are positive.
 William H. Binnie, chairman and chief executive officer, stated that the company's strategy during this "price war" will be to aggressively protect market share. Binnie further stated that unit volume and market share for the second quarter were up significantly versus the same period a year ago and that this is a testament to the sound strategy that the company is pursuing. Binnie further stated, "We are disappointed with our results, but our analysis indicates that the main reason for our disappointment is the unprecedented pricing competition that the company is experiencing in the trash bag market place today. However, please be assured that we are taking steps which will allow us to make significant improvement in operating earnings for 1993."
 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.
 -0- 7/1/92
 /CONTACT: Rhonda Iannacone of Carlisle Plastics, 617-557-2670/
 (CPA) CO: Carlisle Plastics, Inc. ST: Massachusetts IN: SU:


TM -- NE005 -- 5524 07/01/92 09:10 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 1, 1992
Words:340
Previous Article:CENTRAL HOLDING COMPANY COMPLETES SALE OF ITS REAL ESTATE FRANCHISING SUBSIDIARIES
Next Article:FAMILY DOLLAR REPORTS RECORD THIRD QUARTER AND FIRST NINE-MONTH SALES AND NET INCOME
Topics:


Related Articles
CARLISLE PLASTICS REPORTS SECOND QUARTER EARNINGS
CARLISLE REPORTS FIRST QUARTER RESULTS
CARLISLE PLASTICS REPORTS DRAMATICALLY IMPROVED THIRD QUARTER EARNINGS
CARLISLE REPORTS IMPROVED FOURTH QUARTER NET INCOME
CARLISLE REPORTS FIRST QUARTER RESULTS
CARLISLE REPORTS THIRD QUARTER RESULTS
CARLISLE REPORTS FOURTH QUARTER RESULTS
CARLISLE PLASTICS REPORTS THIRD QUARTER 1995 RESULTS
CARLISLE REPORTS FOURTH QUARTER RESULTS
Carlisle Reports Second Quarter Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters