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CPAC NINE-MONTH EARNINGS UP 12 PERCENT

 CPAC NINE-MONTH EARNINGS UP 12 PERCENT
 LEICESTER, N.Y., Feb. 11 /PRNewswire/ -- CPAC, Inc. (NASDAQ: CPAK),


today reported sales and profit increases for both the third quarter and nine months ended Dec. 29, 1991.
 Over the nine-month period, CPAC sales rose 12 percent to $23.9 million from $21.4 million for the same period last year. Net income increased 13 percent to $1.31 million or $0.57 per share, compared to a net income of $1.17 million, or $0.51 per share last year.
 "The 12 percent increase in earnings per share over the comparative nine-month period was achieved through increased chemical sales both internationally and in the domestic medical market," said CPAC President and Chief Executive Officer Thomas N. Hendrickson. He added that the company's enhanced dealer program in the photographic industry had also contributed significantly to the nine-month results.
 CPAC third quarter sales were also up 22 percent to $8.26 million from $6.78 million last year. Net income increased to $436,000 from $374,000 in the same quarter last year. Earnings per share for the period were up 19 percent to $0.19 per share compared to $0.16 per share last year.
 Hendrickson indicated that sales increases in the third quarter reflected continued growth of the autex(R) medical chemical line, and increased market penetration by Trebla Chemical Company through dealer support programs.
 CPAC, Inc., produces developing chemicals and pollution control equipment for the imaging industries which include: photographic, graphic arts, medical, dental, and microfilm.
 -0- 2/11/92
 /CONTACT: Wendy Clay of CPAC, 716-382-3223/
 (CPAK) CO: CPAC, Inc. ST: New York IN: SU: ERN


GK-OS -- NY012 -- 8680 02/11/92 09:34 EST
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Publication:PR Newswire
Date:Feb 11, 1992
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