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LUND INTERNATIONAL HOLDINGS ANNOUNCES THIRD QUARTER RESULTS

 LUND INTERNATIONAL HOLDINGS ANNOUNCES THIRD QUARTER RESULTS
 MINNEAPOLIS, April 22 /PRNewswire/ --Lund International Holdings, Inc. (NASDAQ:LUND) announced sales and earnings for the third quarter ended March 31, 1992. Net sales for the third quarter were $4,276,826 compared to $3,465,332 for the same period last year. Net income was $582,136 or $.14 per share compared to $343,474 or $.08 per share for the same period in 1991. Sales and net income for the nine months ended March 31, 1992 were $11,784,831 and $1,362,294 respectively. These compared to $9,413,760 and $477,678 for the same period in 1991. Earnings per share were $.32 for the nine months ended March 31, 1992 compared to $.11 for the nine months ended March 31, 1991.
 The increase in net sales was attributed to increased sales and marketing efforts as well as strong market acceptance of new products introduced by Lund. The increase in net income is due to overall expense reductions as well as cost savings from discontinued operations in Canada.
 One hundred percent of the sales came from Lund Industries, Incorporated, a wholly owned subsidiary of Lund International Holdings, Inc. Lund Industries, Incorporated is a manufacturer of add-on accessories for trucks and vans. Its product line is marketed through various automotive warehouse distributors throughout the United States and Canada.
 The corporation is headquartered at 9055 Evergreen Boulevard, Coon Rapids, Minn., 55433.
 LUND INTERNATIONAL HOLDINGS, INC.
 COMPARATIVE CONDENSED FINANCIAL INFORMATION
 (Unaudited)
 Three Months Ended Nine Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Net sales $4,276,826 $3,465,332 $11,784,831 $9,413,760
 Percentage change 23 -- 25 --
 Income before taxes 918,772 542,100 2,150,972 756,636
 Income taxes 336,636 198,626 788,678 278,958
 Net income 582,136 343,474 1,362,294 477,678
 Percentage change 70 -- 185 --
 Earnings per share $.14 $.08 $.32 $.11
 -0- 4/22/92
 /CONTACT: Terry L. Beilke of Lund International, 612-780-2520/
 (LUND) CO: Lund International Holdings, Inc. ST: Minnesota IN: AUT SU: ERN


KH -- MN018 -- 1543 04/22/92 18:38 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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