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R & B, INC. REPORTS HIGHER THIRD-QUARTER FINANCIAL RESULTS AND AN IMPROVING BUSINESS TREND

 R & B, INC. REPORTS HIGHER THIRD-QUARTER FINANCIAL RESULTS
 AND AN IMPROVING BUSINESS TREND
 COLMAR, Pa., Oct. 30 /PRNewswire/ -- R & B, Inc. (NASDAQ-NMS: RBIN) has announced improved net sales, net income and net income per share for the third quarter, which ended Sept. 26, 1992.
 Net sales for the third quarter increased 13 percent to $11,350,000, a third quarter record and up from $10,055,000 in the third quarter of 1991. Third-quarter net income increased 33 percent to $975,000, or $.15 per share, from $733,000, or $.11 per share, in the comparable period of the prior year. Income before income taxes was up 11.6 percent in the third quarter, compared with last year's third quarter. Income taxes in the 1991 third quarter were increased to reflect the cumulative effect of a retroactive increase in the Pennsylvania state income tax rate.
 "Sales growth was driven by greater market penetration with new products and product lines, increased sales to established and new customers, and the phasing in of general price increases," commented Richard Berman, R & B's president. "Effective control of selling, general and administrative expenses offset a slight decline in gross margin, which enabled operating earnings to grow in line with the sales increase. On a sequential basis, our gross margin improved from the second quarter of 1992."
 For the first 39 weeks of 1992, net sales increased 16.5 percent to $34,904,000 from $29,969,000. Net income on a pro forma basis was $2,743,000, down 10.9 percent from $3,077,000 in the comparable prior year period. Pro forma net income per share for the 39-week period was $.41 in 1992 and $.50 in 1991.
 "The fourth quarter's sales activity is off to a solid start as a result of our expanding product offerings and the growing base of retailers that are experiencing good sell-through of our products," Berman continued. "The actions we have taken over the past few quarters have built a foundation for growth in sales and earnings. Our expanded investments in engineering, product development, and sales support have created a favorable outlook for the company."
 R & B, Inc. designs and markets replacement parts for the automotive aftermarket. These parts are sold to retailers, wholesalers, and others throughout the United States and Canada for use in the repair and maintenance of domestic and foreign cars and trucks. R & B's parts are marketed under more than 20 proprietary brand manes, including HELP!(R) and MIGHTY-LIFT!(R), as well as under the private labels of automobile manufacturers, parts manufacturers, and national wholesale distributors.
 R & B, INC.
 Condensed Statements of Income
 (Unaudited; dollars in thousands, except per-share amounts)
 13 weeks ended 39 weeks ended
 9/26/92 9/28/91 9/26/92 9/28/91
 Net sales $11,350 $10,055 $34,904 $29,969
 Costs and expenses:
 Cost of goods sold 5,512 4,770 17,651 14,128
 Selling, general and
 administrative expenses 4,151 3,789 12,469 10,251
 Other expense, net 84 60 268 264
 Total 9,747 8,619 30,388 24,643
 Income before income taxes 1,603 1,436 4,516 5,326
 Provision for income taxes (628) (703) (1,773) (1,769)
 Net income 975 733 2,743 3,557
 Pro forma income tax provision -- -- -- (480)
 Pro forma net income 975 733 2,743 3,077
 Pro forma net income
 per common share $.15 $.11 $.41 $.50
 Weighted average number of
 shares of common stock
 outstanding 6,675,000 6,675,000 6,675,000 6,196,154
 /delval/
 -0- 10/30/92
 /CONTACT: Richard Berman, president of R & B, 215-997-1800/
 (RBIN) CO: R & B, Inc. ST: Pennsylvania IN: SU: ERN


MP-MK -- PH031 -- 7216 10/30/92 14:57 EST
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Date:Oct 30, 1992
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