CLEVITE INDUSTRIES INC <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.