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BLISS & LAUGHLIN INDUSTRIES' SECOND-QUARTER SALES HIGHEST IN COMPANY'S HISTORY

 HARVEY, Ill., April 27 /PRNewswire/ -- Bliss & Laughlin Industries Inc. (NASDAQ-NMS: BLIS) said today that net sales for the second fiscal quarter ended March 31, 1993, were the highest in the company's history. The previous record was reported in the third quarter of fiscal 1990.
 Sales in the 1993 second fiscal quarter were $37,213,000, a 13-percent increase over $32,827,000 a year earlier. Net income for the 1993 second quarter amounted to $49,000, or 1 cent per share, compared with $183,000, or 5 cents per share, in the 1992 second quarter.
 For the six months ended March 31, 1993, net sales rose 14 percent to $67,372,000 from $59,305,000 in the 1992 first half. The net loss in the 1993 six months was $82,000, or 2 cents per share, an improvement over a net loss of $121,000, or 3 cents per share, a year ago.
 Net income results for the 1993 periods were not proportionate to the net sales increases because of continuing competitive pricing pressures creating margin compression. In addition, the 1993 period results were impacted by an expense of approximately $150,000 for professional services and employee training related to Bliss & Laughlin Industries' new computer system, which will enable the company to provide better service to its customers.
 Chairman and Chief Executive Officer Gregory H. Parker said the company continues to maintain inventories at a high level to meet the increased demand for its cold finished steel bar products. "Our order backlog has increased in the last six months and we are building market share in a very uncertain economic climate." He noted that even though pricing remains extremely competitive, the company was able to institute a price increase on April 4, based on higher bookings in the near term.
 Headquartered in Harvey, Bliss & Laughlin Industries Inc. is a manufacturer of cold finished steel bars, producing the widest range of grades, sizes and shapes in the industry. Its common shares are traded on the NASDAQ National Market System.
 BLISS & LAUGHLIN INDUSTRIES INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF INCOME
 (In Thousands Except Per Share Data)
 (Unaudited)
 For the Three Months Ended March 31,
 1993 1992
 Net sales $37,213 $32,827
 Income (loss) before income taxes 253 314
 Income tax (provision) benefit (204) (131)
 Net income 49 183
 Net income per share .01 .05
 Average shares outstanding 3,970 3,970
 For the Six Months Ended March 31,
 1993 1992
 Net sales $67,372 $59,305
 Income (loss) before income taxes 211 (147)
 Income tax (provision) benefit (293) 26
 Net income (loss) (82) (121)
 Net income (loss) per share (.02) (.03)
 Average shares outstanding 3,970 3,970
 -0- 4/27/93
 /CONTACT: George W. Fleck, vice president and CFO, Bliss & Laughlin Industries Inc., 312-264-1800; or Liz Howells, vice president, Doremus & Company, 312-321-1377, for Bliss & Laughlin Industries Inc./
 (BLIS)


CO: Bliss & Laughlin Industries Inc. ST: Illinois IN: MNG SU: ERN

JG-KE -- DE027 -- 1332 04/27/93 11:47 EDT
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Date:Apr 27, 1993
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