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IMPERIAL INDUSTRIES ANNOUNCES RESULTS

 IMPERIAL INDUSTRIES ANNOUNCES RESULTS
 MIAMI, Nov. 27 /PRNewswire/ -- Imperial Industries, Inc. today


announced the results for the third quarter and nine months ended Sept. 30, 1991.
 Net sales for the three months ended Sept. 30, 1991 were $1,608,000, compared to $1,863,000 last year. The company incurred a net loss applicable to common stockholders of $227,000, or $.05 per share, for the third quarter of 1991, compared to a loss of $192,000, or $.04 per share, in 1990.
 For the nine months ended Sept. 30, 1991, the company incurred a net loss applicable to common stockholders of $551,000, or $.11 per share, on sales of $5,920,000, for the comparable period last year.
 The nine month results last year included a gain of $120,000 realized from the sale of surplus real property.
 Imperial Industries, Inc., a building products company, operates in the states of Florida and Georgia through its subsidiaries, Premix-Marbletite Manufacturing Co. and Acrocrete, Inc., companies engaged in the manufacture and distribution of stucco and plaster products to building materials dealers.
 IMPERIAL INDUSTRIES, INC. AND SUBSIDIARIES
 Financial Highlights
 (unaudited)
 Nine Months Ended Three Months Ended
 Sept. 30, Sept. 30,
 1991 1990 1991 1990
 Net sales $5,088,000 $5,920,000 $1,608,000 $1,863,000
 Net loss $ (303,000) $ (167,000) $ (144,000) $(109,000)
 Less: Dividends
 on redeemable
 preferred stock (248,000) (248,000) (83,000) (83,000)
 Net loss applicable
 to common
 stockholders $ (551,000) $ (415,000) $ (227,000) $ (192,000)
 Net loss per
 share of
 common stock (A) $ (.11) $ (.08) $ (.05) $ (.04)
 Weighted average
 number of shares
 outstanding 5,057,000 5,057,000 5,057,000 5,057,000
 (A) -- Net loss per share gives effect to $248,000 and $83,000 of cumulative preferred dividends not declared for each of the nine months and third quarter of 1991 and 1990, respectively.
 -0- 11/27/91
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, Inc., 305-477-7000/ CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN


AW-JJ -- FL003 -- 7759 11/27/91 13:15 EST
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Publication:PR Newswire
Date:Nov 27, 1991
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