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KIDDIE PRODUCTS' BOARD ANNOUNCES PAYMENT OF AN ANNUAL CASH DIVIDEND; EARNINGS FOR THE FIRST THREE MONTHS

KIDDIE PRODUCTS' BOARD ANNOUNCES PAYMENT OF AN ANNUAL CASH DIVIDEND;
 EARNINGS FOR THE FIRST THREE MONTHS
 AVON, Mass., May 14 /PRNewswire/ -- The board of directors of Kiddie Products, Inc. (OTC) today voted to pay an annual dividend of 50 cents per share. The annual dividend will be paid on June 15, 1992 to holders of record at the close of business on May 29, 1992.
 Sales for the first three months of 1992 were $11,820,095 as compared to $8,823,589 for the similar period last year. Net income was $624,346 as compared to $386,924 for the first three months of 1991. Earnings per share, based on the average number of shares outstanding during each period (749,420 in 1992 and 1991) were 83 cents for the first three months of 1992 and 52 cents for the similar period last year.
 Net sales for the first three months of 1992 increased approximately 34 percent over the similar period last year. The increase is primarily due to new product introductions, especially one product, and increased retail distributions. Although initial reaction to the new product has been extremely favorable, the company cannot predict that demand will continue to be as strong. The company also shipped an unusually large amount of product in order to stock expanded displays in all stores of one of its largest customers.
 Kiddie Products, Inc. is a leading marketer of products for infants and toddlers which appear under The First Years brand name.
 KIDDIE PRODUCTS, INC.
 Comparative Figures
 Three Months Ended
 3/31/92 3/31/91
 Net sales $11,820,095 $8,823,589
 Income before taxes
 on income 1,076,546 666,524
 Provision for taxes on income 452,200 279,600
 Net income 624,346 386,924
 Earnings per share of
 common stock 83 cents 52 cents
 Average number of shares
 outstanding 749,420 749,420
 ---
 All share and per share amounts for the quarter ended March 31, 1991, have been adjusted to reflect the 2-for-1 stock split effected on June 14, 1991.
 -0- 5/14/92
 /CONTACT: Benjamin Peltz, senior vice president and treasurer of Kiddie Products, 508-588-1220/ CO: Kiddie Products, Inc. ST: Massachusetts IN: REA SU: ERN


DH -- NE014 -- 0464 05/14/92 17:15 EDT
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Publication:PR Newswire
Date:May 14, 1992
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