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INDUSTRIAL HOLDINGS, INC. ANNOUNCES SECOND QUARTER RESULTS

 INDUSTRIAL HOLDINGS, INC. ANNOUNCES SECOND QUARTER RESULTS
 HOUSTON, Aug. 17 /PRNewswire/ -- Industrial Holdings, Inc. (IHI) (NASDAQ-NMS: IHII) announced the results of operations for the second quarter of 1992. The increase in net income from $21,369 for the three months ended June 30, 1991 to $101,362 for the three months ended June 30, 1992 is primarily attributable to a 65 percent increase in gross profit and an 89 percent decrease in interest expense. In addition, earnings before taxes, depreciation and amortization (EBTDA) increased 148 percent for the three months ended June 30, 1992 to $ 210,046 or $.11 per share as compared to the three months ended June 30, 1991.
 INDUSTRIAL HOLDINGS, INC.
 (Unaudited)
 Periods ended Three Months Six Months
 June 30 1992 1991 1992 1991
 Operations Data:
 Sales $5,159,923 $4,458,673 $9,880,748 $8,735,146
 Income (loss)
 from operations 148,509 124,059 348,315 (56,754)
 EBTDA 210,046 84,595 367,992 (145,859)
 EBTDA per share .11 .12 .20 (.21)
 Net income (loss) 101,362 21,369 167,608 (272,936)
 Net income (loss)
 per share (primary
 & fully diluted) .05 .03 .09 (.39)
 IHI is continuing to explore the market for potential acquisitions in the distribution and light manufacturing industries.
 IHI is a holding company organized to operate and acquire distribution and light manufacturing companies, thereby achieving greater economy of scale and improved operating results through consolidation.
 -0- 8/17/92
 /CONTACT: Robert E. Cone, president and CEO of Industrial Holdings, 713-650-6386/
 (IHII) CO: Industrial Holdings, Inc. ST: Texas IN: SU: ERN


SM -- NY049 -- 0502 08/17/92 12:15 EDT
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Publication:PR Newswire
Date:Aug 17, 1992
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