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RAYTECH CORPORATION ANNOUNCES SECOND QUARTER AND YEAR-TO-DATE RESULTS

RAYTECH CORPORATION ANNOUNCES SECOND QUARTER AND YEAR-TO-DATE RESULTS
 SHELTON, Conn., Sept. 2 /PRNewswire/ -- Raytech Corporation (NYSE: RAY) today announced a net income for the second quarter ended June 28, 1992, of $1.2 million compared with $1.4 million for the corresponding period last year.
 Net income per share was $.37 as compared to $.47 last year. Net sales were $29.8 million for the quarter, an increase of $1 million or 3.5 percent compared to last year.
 The year-to-date result for the period ended June 28, 1992, was net income of $2 million or $.63 per share as compared to $2.1 million or $.68 per share for the corresponding period in 1991. Net sales for the period were $57.3 million, an increase of $1.9 million or 3.3 percent compared to last year.
 The sales increase is due to the increased demand within the automotive original equipment and aftermarket products segments offset by the continued weak economy and its effect on the construction and agricultural product segments. Net income in 1991 included a foreign translation gain of $.7 million which did not recur in 1992. Excluding this non-recurring foreign exchange gain, the company's net income improved 40 percent in 1992 vs. the first six months of 1991.
 Raytech Corporation is headquartered in Shelton, with operations serving world markets for energy absorption and power transmission products, as well as custom-engineered components.
 Comparative, unaudited results for the second quarter and the six- month periods are as follows:
 RAYTECH CORPORATION
 Condensed Consolidated Statements of Operations
 (In thousands, except share data)
 For the 13 weeks ended June 28, 1992 June 30, 1991
 Net sales $29,794 $28,821
 Net income 1,228 1,456
 Earnings per share $.37 $.47
 Average shares outstanding 3,313,865 3,091,824
 For the 26 weeks ended June 28, 1992 June 30, 1991
 Net sales $57,300 $55,438
 Net income 2,035 2,143
 Earnings per share $.63 $.68
 Average shares outstanding 3,247,479 3,129,296
 -0- 9/2/92
 /CONTACT: A.A. Canosa of Raytech, 203-925-8000/
 (RAY) CO: Raytech Corporation ST: Connecticut IN: SU: ERN


MP-LJ -- PH009 -- 5828 09/02/92 10:23 EDT
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Date:Sep 2, 1992
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