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March 13, 1995 01:00 AM

INDUSTRY EARNINGS

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    AT PLASTICS INC. C$ ²²Qtr. Dec. 311994²° 1993²°

    Sales50,952,000 39,821,000

    Net income5,760,000 (2,161,000)

    ²Income per share0.45 (0.55)

    ²²12 months

    Sales184,558,000 157,494,000

    Net income15,035,000 (7,719,000)

    ²Income per share1.29 (1.97)

    ²

    BONAR INC. C$

    ²²Qtr. Dec. 31994²° 1993²°

    Sales73,122,000 52,462,000

    Net income4,068,000 4,452,000

    ²Income per share0.83 0.91

    ²²12 months

    Salesn239,668,000201,442,000

    Net income13,116,000 10,277,000

    ²Income per share2.68 2.10

    n-Includes about six months' sales of business acquired from Twinpack.

    DAVSTAR INDUSTRIES LTD.

    ²²Qtr. Dec. 311994²° 1993²°

    Sales1,110,000 1,151,000

    Net income(1,280,000) (1,184,000)

    ²Income per share(0.10) (0.10)

    ²²6 months

    Sales3,056,000 2,529,000

    Net income(3,107,000) (1,880,000)

    ²Income per share(0.24) (0.16)

    ²

    DOUGLAS & LOMASON CO.

    ²²Qtr. Dec. 311994²° 1993²°

    Sales182,419,824 112,586,184

    Net income6,426,559 n(7,859,155)

    ²Income per share1.52 (1.86)

    ²²12 months

    Sales566,818,933 424,842,681

    Net income12,486,415 n(7,167,504)

    ²Income per share2.95 (1.70)

    n-Includes an after-tax charge of $9,600,000 ($2.28 per share) for plant closings, and a charge from an accounting adjustment of $3,756,930 ($0.90 per share).

    DURAKON INDUSTRIES INC.

    ²²Qtr. Dec. 311994²° 1993²°

    Salesn39,300,000 28,795,000

    Net income2,876,000 4,253,000

    ²Income per share0.43 0.64

    ²²12 months

    Salesn144,483,000 105,738,000

    Net income12,101,000 nn11,974,000

    ²Income per share1.82 1.82

    n-Includes sales from Benton Plastics Inc., which was acquired July 29.

    nn-Includes nonrecurring gain of $2,358,000 (0.36 per share) for a call to buy a minority share of DFM Corp.

    n-Restated to reflect discontinued operations.

    nn-Current year includes nonrecurring gain of $15,900,000 from the sale of the Chandler, Ariz., manufacturing plant and related assets and technology to Northrop Grumman. Also includes a $2,900,000 provision for bankruptcy claim adjustments. Previous year includes $12,600,000 charge for asset write-downs and other expenses and a $2,600,000 restructuring charge.

    n-Includes nonrecurring gain of $4,750,000 for a change in accounting procedures for income taxes.

    LARIZZA INDUSTRIES INC.

    ²²Qtr. Dec. 311994²° 1993²°

    Sales47,823,000 38,108,000

    Net income3,467,000 1,903,000

    ²Income per share0.16 0.13

    ²²12 months

    Sales169,336,000 148,257,000

    Net incomen16,389,000 12,387,000

    ²Income per share0.77 0.72

    n-Includes a nonrecurring gain of $2,405,000 (0.11 per share) related to refinancing of debt.

    MERIT MEDICAL SYSTEMS INC.

    ²²Qtr. Dec. 311994²° 1993²°

    Sales8,884,166 7,098,732

    Net income(234,418) 538,377

    ²Income per share(0.03) 0.08

    ²²12 months

    Sales33,324,245 25,431,180

    Net income1,250,847 1,840,211

    ²Income per share0.19 0.28

    ²

    MYERS INDUSTRIES INC.

    ²²Qtr. Dec. 311994²° n1993²°

    Sales79,725,182 65,984,196

    Net income5,323,212 4,616,013

    ²Income per share0.35 0.30

    ²²12 months

    Sales274,054,163 245,136,189

    Net income17,831,163 15,394,727

    ²Income per share1.17 1.05

    n-All per-share data was adjusted for 5-for-4 stock split distributed in August 1994.

    n-Includes nonrecurring loss of $1,108,000 (0.06 per share) related to discontinued operations.

    nn-Includes nonrecurring charge of $8,220,000 (0.50 per share) related to sale of discontinued operations and $125,000 (0.01 per share) loss from those operations.

    n-Includes results from the November 1994 acquisition of the extrusion and color divisions of Pawnee Industries Inc.

    n-Pro forma earnings were calculated using the total number of shares outstanding (3.724 million) after the firm's March 1994 public offering.

    Figures in parentheses are losses.

    C$ Canadian dollars.

    Source: Nordby International, Boulder, Colo.

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