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CRUISE AMERICA ANNOUNCES RESULTS

 MIAMI, Nov. 23 ~PRNewswire~ -- Cruise America, Inc. (AMEX: RVR) today announced net earnings of $2,376,000 or $.43 per share for the quarter ended Oct. 31, 1992. This represents a 46 percent increase over the $1,626,000 or $.29 per share reported for the quarter ended Oct. 31, 1991. Total revenue for the quarter was $38,333,000, a 42 percent increase over the $26,934,000 reported a year ago.
 Net earnings for the six months ended Oct. 31, 1992 increased 21 percent to $6,472,000 or $1.17 per share compared to $5,360,000 or $.97 per share for the same period last year. Total revenue for the six months was $68,288,000, a 37 percent increase over the $49,801,000 reported last year.
 "Increases were experienced in all aspects of our business, rental revenue, rental vehicle sales and sales and service. Aggressive marketing of our R.V. Depot sales division has produced dramatic results, both in the second quarter and six months," stated Randall Smalley, president and chief executive officer. "Our results were positively impacted by Hurricane Andrew, as people in the affected area purchased or rented R.V.'s for use as alternative housing. Additionally, a favorable effective tax rate resulted in an increase in after tax profit."
 Cruise America, Inc. is the largest company in North America principally involved in the rental and sale of R.V.'s.
 CRUISE AMERICA, INC.
 FINANCIAL AND OPERATING HIGHLIGHTS
 OCT. 31, 1992
 THREE MONTHS ENDED
 10~31~92 10~31~91
 Total Revenue $ 38,333,000 26,934,000
 Net Earnings 2,376,000 1,626,000
 Earnings Per Share .43 .29
 Average Shares Outstanding 5,541,000 5,538,000
 Average Rental Fleet 3,843 3,358
 SIX MONTHS ENDED
 10~31~92 10~31~91
 Total Revenue $ 68,288,000 49,801,000
 Net Earnings 6,472,000 5,360,000
 Earnings Per Share 1.17 .97
 Average Shares Outstanding 5,541,000 5,537,000
 Average Rental Fleet 3,832 3,361
 -0- 11~23~92
 ~CONTACT: Eric R. Bensen, vice president - finance of Cruise America, Inc., 305-262-9611~
 (RVR)


CO: Cruise America, Inc. ST: Florida IN: LEI SU: ERN

JB-AW -- FL004 -- 0435 11~23~92 11:07 EST
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Publication:PR Newswire
Date:Nov 23, 1992
Words:378
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