CHAMPION POSTS CONTINUED STRONG REVENUE AND EARNINGS GROWTH IN SECOND QUARTER OF 1995.

GODERICH, Ontario--(BUSINESS WIRE)--Aug. 8, 1995--Champion Road Machinery Ltd. today announced net income for the second quarter of fiscal 1995, ended July 1, 1995, of $3,562,000, a 38% increase over fiscal 1994 second quarter net income of $2,584,000.

Earnings per share were $0.32 on an average of 11,170,400 Common Shares outstanding for the second quarter of fiscal 1995, compared with $0.25 on 10,363,333 Common Shares outstanding a year earlier. Financial results are reported in Canadian dollars.

Second quarter 1995 net sales were $60,990,000, an increase of 33% over $46,015,000 in the second quarter of 1994.

"The last quarter was another exciting one for Champion. The business continued to show substantial growth, we completed the acquisition of a line of asphalt pavers from Ingersoll-Rand, and we listed our Common Shares on NASDAQ," said Arthur Church, president and chief executive officer.

For the first six months of fiscal 1995, net sales increased by 34% to $116,113,000 and net income increased by 44% to $6,651,000, or $0.60 per share, over the corresponding period in fiscal 1994.

Champion Road Machinery Ltd. designs, manufactures and markets graders, compactors, asphalt pavers, snow removal and other related equipment used in the construction and maintenance of roads by government authorities and private contractors in more than 95 countries. The company employs over 700 people, primarily in Ontario. -0-

Stock Exchanges:  Toronto, Montreal, NASDAQ
Symbol:   TSE & ME - CHN; NASDAQ - CRLMF

CHAMPION ROAD MACHINERY LTD.
Consolidated Statement of Income
Second quarter 1995 results

Thousands of Canadian dollars, except earnings per share data
(Unaudited)
                           Three months ended (unaudited)
                       July 1, 1995  July 2, 1994  % change

Net Sales                   $60,990       $46,015       33%
  Cost of sales              48,754        36,464       34%
                     ------------------------------------------
Gross Profit                 12,236         9,551       28%
  Selling, general and
  administrative expenses     6,490         5,192       25%
                     ------------------------------------------
Operating Income              5,746         4,359       32%
  Interest expenses              65           105      -38%
                     ------------------------------------------
Income before income taxes    5,681         4,254       34%
  Income tax expenses         2,119         1,670       27%
                     ------------------------------------------
Net income                   $3,562        $2,584       38%
                     ------------------------------------------
Earnings per share            $0.32         $0.25       28%
                     ------------------------------------------
Average number of
 common shares           11,170,400    10,363,333        8%
 outstanding
                     ------------------------------------------

                            Six months ended (unaudited)
                       July 1, 1995  July 2, 1994  % Change
                     ------------------------------------------
Net Sales                  $116,113       $86,825       34%
  Cost of sales              92,687        68,403       36%
                     ------------------------------------------
Gross Profit                 23,426        18,422       27%
  Selling, general and
  administrative expenses    12,587        10,496       20%
                     ------------------------------------------
Operating Income             10,839         7,926       37%
  Interest expenses             163           348      -53%
                     ------------------------------------------
Income before income taxes   10,676         7,578       41%
  Income tax expenses         4,025         2,973       35%
                     ------------------------------------------
Net income                   $6,651        $4,605       44%
                     ------------------------------------------
Earnings per share            $0.60         $0.48       25%
                     ------------------------------------------
Average number of
 common shares            11,170,200    9,536,110       17%
 outstanding         ------------------------------------------

CONTACT: Scott E. Hall, Tel: [phone]