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SHAW INDUSTRIES REPORTS RESULTS

 SHAW INDUSTRIES REPORTS RESULTS
 DALTON, Ga., Oct. 9 /PRNewswire/ -- Shaw industries, Inc.,


(NYSE: SHX) today reported unaudited results for its first fiscal quarter ended Sept. 26, 1992.
 Sales were $546,822,000 compared to $436,817,000 in the same period last year.
 Net earnings increased to $21,815,000 from $13,179,000. Earnings per share, both primary and fully diluted, were $.32 and $.24, respectively.
 Robert E. Shaw, chief executive officer, said, "Activity in our industry is still sluggish. However, our company is well positioned to participate fully in improved market conditions as the economy improves."
 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.
 Condensed Consolidated Statement of Income
 (Unaudited)
 Three months 9/26/92 9/28/91
 Net sales $546,822,000 $436,817,000
 Costs and Expenses 511,351,000 415,551,000
 Income before income taxes 35,471,000 21,266,000
 Provision for income taxes 13,656,000 8,087,000
 Net income 21,815,000 13,179,000
 Earnings per common share
 on a primary and fully
 diluted basis $.32 $.24
 Weighted average shares
 Primary 67,315,579 56,088,580
 Fully diluted 67,321,009 56,093,938
 -0- 10/9/92
 /CONTACT: Robert E. Shaw of Shaw Industries, Inc., 404-278-3812/
 (SHX) CO: Shaw Industries, Inc. ST: Georgia IN: TEX SU: ERN


TS-LR -- NY023 -- 8280 10/09/92 10:44 EDT
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Publication:PR Newswire
Date:Oct 9, 1992
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