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METALCLAD CORP. REPORTS RESULTS

 METALCLAD CORP. REPORTS RESULTS
 ANAHEIM, Calif., May 19 /PRNewswire/ -- Metalclad Corp.


(NASDAQ: MTLC) announced today that it experienced a net loss of ($41,000) for the first quarter of 1992 compared to a net loss of ($39,000) for the comparable period in 1991.
 Revenues from continuing operations, derived principally from insulation contracting services and insulation material sales, were $4,638,424 for the first quarter of 1992 compared to $6,327,801 in the comparable period in 1991, a decrease of 26.7 percent. Contract costs and cost of material sales decreased to $4,679,769 in the first quarter of 1992 compared to $6,247,186 in the comparable period in 1991.
 The net loss per share in the first quarter of 1992 was ($.01) compared to a net loss per share of ($.01) for the first quarter of 1991.
 Metalclad Corp. is engaged in industrial insulation services and insulation material sales to customers primarily in California and Washington. The company is also engaged in the development of toxic and hazardous waste treatment facilities in Mexico.
 METALCLAD CORP.
 (Unaudited)
 Three Months Ended March 31,
 1992 1991
 Revenues $4,638,424 $6,327,801
 Costs and expenses 4,679,769 6,247,186
 Income (loss) from continuing
 operations before income
 taxes and extraordinary
 items (41,344) 80,615
 Income taxes 0 32,000
 Net income (loss) from
 continuing operations (41,344) 48,615
 Income (loss) from
 discontinued operations 0 (87,972)
 Net income (loss) (41,344) (39,357)
 Net income (loss) per share ($.01) ($.01)
 -0- 5/19/92
 /CONTACT: Grant S. Kesler of Metalclad, 714-634-9050, or Bruce H. Haglund, 714-752-6100/
 (MTLC) CO: Metalclad Corp. ST: California IN: SU: ERN


AL-DM -- LA020 -- 2034 05/19/92 16:46 EDT
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Publication:PR Newswire
Date:May 19, 1992
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