Bush Industries Reports 1St Quarter Results; Declares Increased Cash Dividend.

JAMESTOWN, NY--(BUSINESS WIRE)--April 22--Bush Industries, Inc. (NYSE: BSH), a leading furniture manufacturer and supplier of surface technologies, reported results for the first quarter ended April 4, 1998.

First quarter 1998 net income climbed approximately 3.5 percent to $5,464,000 from $5,278,000 for the same period last year. Diluted earnings per share was 37 cents on approximately 14,815,000 shares outstanding compared to 37 cents on approximately 14,343,000 shares outstanding for the same quarterly period a year ago. Net sales reached a record $108,813,000, up from $70,867,000 for the same period a year ago, an approximate 54 percent gain.

"Sales and earnings increases were as expected for the quarter. The sales increase primarily reflected good sales momentum at retail, and our second full quarter of sales from our German subsidiary, Rohr-Bush. Earnings improved due to higher sales volumes, but were somewhat offset by costs associated with the integration of our two new operations in Europe, and the impact of continuing escalating domestic production requirements to meet customer demands," stated Paul Bush, chairman and president.

Additionally he stated, "We continue to expand our capacity to meet the increased demand from our customers. In this effort, today we completed our acquisition of Fournier Furniture, which we anticipate will provide an additional capacity of 100 million dollars per year."

Bush also announced that the Board of Directors has increased the quarterly cash dividend from 3.5 cents per share to 5 cents per share and is payable May 22, 1998 to stockholders of record on May 8, 1998. He concluded, "This action was taken as part of our continuing program to enhance stockholder value and to share in the significant gains we have achieved, and because of the optimism regarding the fundamental long-term growth prospects of our business." -0-

                BUSH INDUSTRIES, INC. AND SUBSIDIARIES
                   Financial Highlights (Unaudited)

     The following data sets forth certain unaudited Consolidated
Income Statement information for the first three month period of 1998.

                         For the 13 Weeks Ended
                         4/4/98         3/29/97


Net sales              $108,813,000     $70,867,000
Costs and expenses:
  Cost of sales          78,321,000      48,346,000
  General, selling and
    administrative       20,602,000      13,124,000
  Interest expense        1,012,000         735,000
                        $99,936,000     $62,205,000
Earnings before
 income taxes            $8,878,000      $8,662,000
Income taxes              3,414,000       3,384,000
Net earnings             $5,464,000      $5,278,000
Earnings per share
  Basic                        $.40           $.40 (a)
  Diluted                      $.37           $.37 (a)
Weighted shares outstanding
  Basic                  13,721,000     13,284,000 (a)
  Diluted                14,815,000     14,343,000 (a)

     (a) Restated in accordance with SFAS No. 128, "Earnings per
Share."

CONTACT: Jonathan Gordon

Porter, LeVay & Rose, Inc.

[phone]