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PEERLESS TUBE REPORTS RESULTS

 BLOOMFIELD, N.J., May 14 /PRNewswire/ -- Peerless Tube Company (AMEX: PLS) today reported a net loss for the quarter ended March 31, 1993, of $524,000 on sales of $8,901,000. For the quarter ended March 31, 1992, the company had net income of $3,346,000 on sales of $7,503,000. The 1992 net income included a non-recurring net gain of $4,356,000 from the sale of certain assets. The net loss per share for the first quarter ended march 31, 1993, was $.21, compared to net income of $1.36 per share, for the comparable period in 1992.
 -0- 5/14/93
 /CONTACT: Paul Peterik of Peerless Tube Company, 201-743-5100/
 (PLS)


CO: Peerless Tube Company ST: New Jersey IN: SU: ERN

PS-WB -- NY084 -- 8843 05/14/93 17:35 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:135
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