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RAYTECH ANNOUNCES FIRST QUARTER PROFITS

 RAYTECH ANNOUNCES FIRST QUARTER PROFITS
 SHELTON, Conn., June 3 /PRNewswire/ -- Raytech Corporation


(NYSE: RAY) today reported net income of $807,000 or $.25 per share for the first three months of 1992, which ended on March 29, 1992.
 This compares to $687,000 or $.22 per share for the corresponding period in 1991. Net sales for the first quarter of 1992 was $27.5 million for an increase of 3.3 percent as compared to the same period a year ago.
 The net sales increase is the direct result of improved performance in the automotive original equipment and aftermarket product segments. The net income and earnings per share improvement is directly related to increased sales volume.
 Craig Smith, president and chief executive officer, said, "The first quarter performance indicates that the economy is beginning to show signs of improvement in the markets the company serves. However, we will be approaching the remaining portion of the year with a cautiously optimistic attitude."
 Raytech Corporation is headquartered in Shelton, with operations serving world markets for energy absorption and power transmission products, as well as custom-engineered components.
 RAYTECH CORPORATION
 Consolidated Statements of Operations
 (Unaudited; in thousands, except share data)
 For the 13 weeks ended March 29, 1992 March 31, 1991
 Net sales $27,506 $26,617
 Net income 807 687
 Earnings per share $.25 $.22
 Average shares outstanding 3,183,907 3,122,480
 -0- 6/3/92
 /CONTACT: A.A. Canosa, chief financial officer of Raytech, 203-925-8000/
 (RAY) CO: Raytech Corporation ST: Connecticut IN: SU: ERN


MP-MK -- PH008 -- 6282 06/03/92 11:30 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
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