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CENTRAL SPRINKLER CORPORATION REPORTS INCREASE IN QUARTERLY SALES AND EARNINGS

 LANSDALE, Pa., May 27 /PRNewswire/ -- Central Sprinkler Corporation (NASDAQ: CNSP) reported today its sales and earnings for the second quarter ended April 30, 1993.
 Sales for the quarter increased by 18 percent to $18,027,000 from the $15,280,000 reported in the second quarter of fiscal 1992. Net income for the second quarter of $467,000 was nearly double the $245,000 earned in the comparable quarter of fiscal 1992. Earnings per share was $.11 compared to $.05 earned in the second quarter of fiscal 1992.
 For the six months ended April 30, 1993, sales rose by $4,662,000 or 16 percent to $34,035,000 compared to $29,373,000 for the same period of fiscal 1992. Net income of $603,000 was almost double the $349,000 reported in the fiscal 1992 period. Earnings per share for the first six months of fiscal 1993 were $.14 compared to the $.07 recorded in the same 1992 period.
 Improved sales of new products including several new types of fire sprinklers along with the impact of the 1993 acquisition of a distributor of fire sprinkler equipment constituted most of the overall sales increase for both the three-month and six-month periods. The demand for fire sprinkler products remains generally weak due primarily to the continuing low level of new construction activity in the United States. The weak market conditions have led to an increased level of competition for customers and market share. The company's total operating expenses increased about 12 percent from the second quarter of fiscal 1992. The increased operating expenses resulted primarily from expanded marketing and sales promotion programs associated with new products and the competition for customers and market share along with the costs of operating the new distribution center. Although the weak market conditions are expected to continue, the company expects that sales derived from new products will improve the company's competitive position in the fire sprinkler industry.
 Central Sprinkler Corporation is a manufacturer and distributor of parts used in automatic fire sprinkler systems.
 CENTRAL SPRINKLER CORPORATION
 Summarized Financial Results
 (Amounts in thousands, except per share)
 Periods ended Three months Six months
 April 30 1993 1992 1993 1992
 Net sales $18,027 $15,280 $34,035 $29,373
 Gross profit 5,049 4,247 9,457 8,366
 Operating income 586 245 680 223
 Interest income, net 84 116 189 288
 Income before income taxes 670 361 869 511
 Net income 467 245 603 349
 Earnings per share $.11 $.05 $.14 $.07
 Average number of shares 4,294 4,571 4,277 4,636
 /delval/
 -0- 5/27/93
 /CONTACT: Al Sabol of Central Sprinkler, 215-362-0700/
 (CNSP)


CO: Central Sprinkler Corporation ST: Pennsylvania IN: SU: ERN

MP-MK -- PH009 -- 3694 05/27/93 10:30 EDT
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Publication:PR Newswire
Date:May 27, 1993
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