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CENTRAL SPRINKLER CORPORATION REPORTS QUARTERLY SALES AND EARNINGS

 CENTRAL SPRINKLER CORPORATION
 REPORTS QUARTERLY SALES AND EARNINGS
 LANSDALE, Pa., Aug. 27 /PRNewswire/ -- Central Sprinkler Corporation (NASDAQ: CNSP) reported today its sales and earnings for the third quarter ended July 31, 1992.
 Sales for the quarter of $14,952,000 declined 8 percent from the $16,185,000 reported in the third quarter of fiscal 1991. Net income for the third quarter of fiscal 1992 was $127,000 compared to the $728,000 earned in the same quarter of fiscal 1991. The company earned $.03 per share in the third quarter of fiscal 1992 compared to the $.15 per share earned in the same quarter of fiscal 1991. For the nine months ended July 31, 1992, sales were $44,325,000 and net income was $476,000 in comparison to sales of $45,951,000 and net income of $2,057,000 in the same period of fiscal 1991. Earnings per share was $.10 for the nine-month period of fiscal 1992 compared to the $.42 earned in the same period of fiscal 1991.
 In comparison to the third quarter of fiscal 1991, the reduced levels of sales and earnings reflect a further downturn in the level of new construction activity throughout most of the United States. The company's fire sprinkler products are used extensively in new construction projects and low levels of new construction activity result in a weaker demand for fire sprinklers and the related sprinkler system products. The weaker demand for fire sprinkler products also continues to foster increased levels of sales price competition resulting in a lower gross profit margin on product sales. Other factors having a negative impact on the company's gross profit margin include a less profitable product sales mix and increased product costs. Operating expenses for the quarter were 11 percent greater than the comparable period in fiscal 1991. The expense increases were due primarily to expanded sales and marketing programs along with increased spending for research and development. The company said it considers its extensive research and development programs a key factor in its future growth prospects in the fire sprinkler industry.
 Central Sprinkler Corporation is a manufacturer and distributor of components used in automatic fire sprinkler systems.
 CENTRAL SPRINKLER CORPORATION
 Summarized Financial Results
 (Amounts in thousands, except per share)
 Periods ended Three Months Nine Months
 July 31 1992 1991 1992 1991
 Net Sales $14,952 $16,185 $44,325 $45,951
 Gross Profit 4,174 4,684 12,540 14,109
 Operating Income 17 945 240 2,770
 Interest Income, Net (126) (169) (414) (512)
 Income before Income Taxes 143 1,114 654 3,282
 Net Income 127 728 476 2,057
 Earnings Per Share $.03 $.15 $.10 $.42
 Average Number of Shares 4,411 4,869 4,562 4,893
 /delval/
 -0- 8/27/92
 /CONTACT: Al Sabol of Central Sprinkler, 215-362-0700/
 (CNSP) CO: Central Sprinkler Corporation ST: Pennsylvania IN: SU: ERN


MK-MP -- PH005 -- 3829 08/27/92 09:59 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
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