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MCCLAIN INDUSTRIES, INC. ANNOUNCES FISCAL 1992 EARNINGS

 STERLING HEIGHTS, Mich., Jan. 12 /PRNewswire/ -- McClain Industries, Inc. (NASDAQ-NMS: MCCL) announced sales and earnings for the year ended Sept. 30, 1992.
 Sales for the year ended Sept. 30, 1992 were $31,895,000, compared to $27,036,000 in fiscal 1991. Net income was $1,190,000, or $0.40 a share, compared to net income of $665,000, or $0.22 a share during the prior year. Fiscal 1992 results reflect the company's acquisition two months ago of the Peabody Galion Division of Peabody International Corporation. Sales of the Peabody Galion Division for the two months were $3,985,000, resulting in a loss of $40,000 for that division.
 "We are extremely pleased with our fiscal 1992 results," said Kenneth D. McClain, president. "We are into the third year of our cost- control program, which will continue its positive results. The acquisition of the Peabody Galion Division adds to our solid waste product line and is expected to increase future sales and earnings."
 McClain Industries is one of the nation's leading manufacturers of solid waste handling equipment for the waste disposal industry.
 McCLAIN INDUSTRIES, INC.
 CONSOLIDATED STATEMENT OF OPERATIONS
 Three Months Ended Year Ended
 September 30 September 30
 1992 1991(a) 1992 1991(a)
 Net sales $12,245,187 $6,620,168 $31,895,313 $27,035,673
 Cost of sales 9,020,021 5,102,474 23,994,655 20,357,263
 Gross profit 3,225,166 1,517,694 7,900,658 6,678,410
 Selling, general &
 admin. expenses 1,704,450 1,227,169 5,018,790 4,793,946
 Operating profit 1,520,716 290,525 2,881,868 1,884,464
 Other income
 (expense) (343,188) (236,126) (961,483) (895,450)
 Income before
 income taxes 1,177,528 54,399 1,920,385 989,014
 Provision for
 income taxes 477,400 13,600 730,000 323,600
 Net income $700,128 $40,799 $1,190,385 $665,414
 Income per share $ 0.23 $ 0.01 $ 0.40 $ 0.22
 Average shares
 outstanding 2,941,327 2,961,302 2,941,327 2,961,302
 (a) Prior-period accounts have been restated to conform with current period presentation.
 -0- 1/12/93
 /CONTACT: Kenneth McClain, president of McClain Industries, Inc., 313-264-3611/
 (MCCL)


CO: McClain Industries, Inc. ST: Michigan IN: SU: ERN

DH -- DE007 -- 3863 01/12/93 09:10 EST
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Date:Jan 12, 1993
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