CLEVITE INDUSTRIES INC &lt;CLEV> 4TH QTR OPER LOSS

  Oper net loss 411,000 vs profit 875,000
      Sales 69.7 mln vs 70.5 mln
      Year
      Oper net profit 6,258,000 vs profit 4,785,000
      Sales 299.5 mln vs 297.2 mln
      Note: Company made initial public offering in June, 1986.
  Assuming the offering had occurred on Jan. 1, 1986, operating
  net income per share would have been 85 cts a share for 1986.
      1986 oper net excludes one-time charge of 16.8 mln dlrs, or
  2.46 dlrs a share, in qtr and year due to the February 1987
  sale of the company's engine parts division. Oper net for 1986
  year also includes profit from discontinued operations of
  360,000 dlrs, or five cts a share.
      Oper net for 1986 excludes extraordinary loss of 1.1 mln
  dlrs, or 17 cts a share, due to the June 1986 write-off of
  unamortized debt issue costs from the public offering. 1985
  oper net excludes extraordinary profit of 1.1 mln dlrs.
  

