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BUSH INDUSTRIES REPORTS FIRST QUARTER GAINS; EXPECTS SALES AND EARNINGS TO RISE IN 1992

 BUSH INDUSTRIES REPORTS FIRST QUARTER GAINS;
 EXPECTS SALES AND EARNINGS TO RISE IN 1992
 JAMESTOWN, N.Y., May 4 /PRNewswire/ -- Bush Industries, Inc. (AMEX: BSH), a leading manufacturer of ready-to-assemble (RTA) and casegoods furniture, today reported gains in sales and earnings for the first quarter ended March 28, 1992.
 Net income for the period rose 54 percent to $228,000 or $.05 per share from net income of $148,000 or $.03 per share for the initial quarter of 1991. Net sales for the three months increased 9 percent to $28,936,000 from $26,507,000 for the like period of the prior year.
 "The results reflect the investments we made in capital equipment, in our recent acquisitions and in marketing programs, which have enabled us to increase operating efficiencies and throughput, and to broaden our product lines, channels of distribution and customer base," Paul Bush, chairman and chief executive officer, said. "An enthusiastic customer response to products introduced at recent trade shows enhances our belief that we will generate higher sales and earnings in 1992 than in 1991, primarily during the second half of the year as was the trend in 1991," he added.
 BUSH INDUSTRIES, INC.
 Financial Highlights (Unaudited)
 Thirteen weeks ended 3/28/92 3/29/91
 Net sales $28,936,000 $26,507,000
 Income before taxes 380,000 280,000
 Net income 228,000 148,000
 Earnings per share $ .05 $ .03
 Average shares outstanding 4,656,602 4,541,717
 -0- 5/4/92
 /CONTACT: Hal LeVay of Porter, LeVay & Rose, 212-564-4700, for Bush Industries/
 (BSH) CO: Bush Industries Inc. ST: New York IN: SU: ERN


SH-OS -- NY031 -- 5927 05/04/92 10:23 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:281
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