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QUIPP SALES AND EARNINGS CLIMB IN QUARTER

 QUIPP SALES AND EARNINGS CLIMB IN QUARTER
 MIAMI, April 27 /PRNewswire/ -- Quipp Incorporated (NASDAQ: QUIP)


today announced a strong increase in sales and earnings for its first fiscal quarter of 1992.
 For the period ending March 31, 1992, sales were $4,986,535 and net earnings were $231,290 or 14 cents a share. In the year earlier period, sales were $2,626,628 and net earnings were a loss of ($15,555) or (1 cent) per share.
 In announcing the 89 percent increase in sales, James E. Pruitt, chief executive officer, stated, "Demand for the company's products has been strong worldwide."
 Shipments were made to several new domestic newspaper plants, and shipments amounting to about 40 percent of the total went to Japan, Canada and Europe. "We've been listening harder to the customers recently and, apparently, its beginning to pay off," he remarked.
 Principal deliveries were made to the Copley Group's new Plainfield, Ill. plant, to the Calgary Sun in Alberta, Canada and to Quipp's Japanese dealer, Seiken Graphics. Quipp has over 40 automated conveyor lines operating in major Japanese newspapers.
 Quipp is a Miami-based manufacturer of newspaper distribution systems. The company's shares are traded on the NASDAQ market under the symbol QUIP.
 -0- 4/27/92
 /CONTACT: John F. Green of Quipp, Inc., 305-623-8700/
 (QUIP) CO: Quipp, Inc. ST: Florida IN:


AW-JB -- FL021 -- 3292 04/27/92 15:14 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 27, 1992
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