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SHAW INDUSTRIES REPORTS RESULTS

 SHAW INDUSTRIES REPORTS RESULTS
 DALTON, Ga., Jan. 13 /PRNewswire/ -- Shaw Industries, Inc.


(NYSE: SHX) today announced unaudited results of operations for the quarter and six months ended Dec. 28, 1991.
 Sales for the quarter were down 1.3 percent to $410,723,000 from $415,939,000 last year. However, net earnings increased 41.5 percent to $12,526,000 from $8,855,000 the previous year. Earnings per share, on a primary and fully diluted basis, were 39 cents per share compared to 32 cents per share.
 Sales for the six months increase 1.3 percent to $847,540,000 from $836,374,000 last year. Net earnings increased 12.9 percent to $25,705,000 from $22,771,000. Earnings per share, on a primary and fully diluted basis, were 86 cents per share compared to 77 cents per share.
 Robert E. Shaw, chief executive officer, said, "Business conditions in the carpet industry continue to be difficult through the quarter. We believe improvement will come in the spring as both home sales and consumer confidence are expected to improve."
 Shaw Industries, Inc., with corporate offices in Dalton, manufactures and sells carpeting to retailers and distributors throughout the United States and exports to Canada and several overseas markets.
 SHAW INDUSTRIES, INC.
 (Unaudited)
 Periods ended Three Months Six Months
 12/28/91 12/29/90 12/28/91 12/29/90
 Net sales $410,723,000 $415,939,000 $847,540,000 $836,374,000
 Costs & expenses 390,355,000 401,462,000 805,906,000 799,594,000
 Income before
 income taxes 20,368,000 14,477,000 41,634,000 36,780,000
 Provision for
 income taxes 7,842,000 5,622,000 15,929,000 14,009,000
 Net income 12,526,000 8,855,000 25,705,000 22,771,000
 Earnings per
 common share:
 On a primary &
 fully diluted basis $.39 $.32 $.86 $.77
 Wtd. avg. shares:
 Primary 31,949,486 27,998,474 29,998,672 29,428,409
 Fully diluted 31,973,614 28,106,782 30,004,933 29,428,409
 -0- 1/13/92
 /CONTACT: W.M. Sims Jr. of Shaw Industries, 404-278-3812/
 (SHX) CO: Shaw Industries Inc. ST: Georgia IN: TEX SU: ERN


TS-CK -- NY028 -- 9024 01/13/92 10:46 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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