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NUTRAMAX REPORTS RECORD THIRD-QUARTER SALES AND EARNINGS

 NUTRAMAX REPORTS RECORD THIRD-QUARTER SALES AND EARNINGS
 GLOUCESTER, Mass., July 8 /PRNewswire/ -- Nutramax Products, Inc. (NASDAQ: NMPC), a manufacturer and marketer of private label health and personal care products, reported record sales and earnings for the third quarter ended June 30, 1992.
 Sales for the quarter were $6,396,000, an increase of 22 percent over third quarter 1991 sales of $5,228,000. Gross profit increased to a record $2,844,000 or 19 percent over the 1991 third quarter gross profit of $2,399,000. Net income for the quarter increased 50 percent to a record $948,000 or 12 cents per share on 8,087,000 shares outstanding, from third quarter 1991 net income of $632,000 or 11 cents per share based on 5,925,000 shares outstanding.
 For the nine months ended June 30, 1992, sales were a record $17,982,000 compared to $14,935,000 during the same fiscal 1991 period, an increase of 20 percent. Gross profit increased to a record $7,977,000 in 1992 from $6,480,000 in 1991, an increase of 23 percent. Net income increased 71 percent to a record $2,483,000 or 31 cents per share based on 8,087,000 shares outstanding, from $1,450,000 or 25 cents per share based on 5,905,000 shares outstanding.
 Donald E. Lepone, president and chief executive officer, reported that these record sales and profits are consistent with the company's 1992 business plan and reflect the ongoing strength of its disposable douche product lines plus significant growth in disposable baby bottle sales.
 Additionally, Pediatric Electrolyte, the company's private label competitor to Pedialyte(R), continues to generate widespread retailer acceptance. Nearly 30 major U.S. retailers have approved distribution, and the product enjoyed significant sales activity in the third quarter.
 NUTRAMAX PRODUCTS, INC.
 Operating Results
 Three Months Ended Nine Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Net Sales $6,396,000 $5,228,000 $17,982,000 $14,935,000
 Gross Profit $2,844,000 $2,399,000 $7,977,000 $6,480,000
 Net Income $948,000 $632,000 $2,483,000 $1,450,000
 Earnings 12 cents 11 cents 31 cents 25 cents
 Per Share
 Weighted 8,087,000 5,925,000 8,087,000 5,905,000
 average shares
 outstanding
 -0- 7/8/92
 /CONTACT: Michael F. Sandler, chief financial officer, 609-665-9300/
 (NMPC) CO: NutraMax Products, Inc. ST: Massachusetts IN: HOU SU: ERN


TM -- NE005 -- 7393 07/08/92 11:53 EDT
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Publication:PR Newswire
Date:Jul 8, 1992
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