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TRANS-INDUSTRIES REPORTS RESULTS FOR THE 2ND QUARTER ENDED JUNE 30, 1992

TRANS-INDUSTRIES REPORTS RESULTS FOR THE 2ND QUARTER ENDED JUNE 30, 1992
 ROCHESTER HILLS, Mich., July 16 /PRNewswire/ -- Trans-Industries, Inc. (NASDAQ: TRNI), a leading manufacturer and marketer of electronics and plastics-based products for the transportation and commercial markets, today reported operating results for the second quarter of 1992.
 The company realized a net profit of $107,353 on sales of $6,907,658. For the same period of the prior year, the company reported sales of $7,563,607 and a net profit of $93,993. Earnings per share for the second quarter were $0.04 compared with earnings of $0.03 for the same period last year.
 TRANS-INDUSTRIES, INC.
 QUARTERLY EARNINGS
 Sales and Earnings Report (Unaudited)
 Second Quarter Ended Six Months Ended
 June 30 June 30
 1992 1991 1992 1991
 Sales $6,907,658 $7,563,607 $13,052,786 $13,619,328
 Cost of sales 5,090,106 5,457,765 9,706,470 10,028,267
 Gross profit 1,817,552 2,105,842 3,346,316 3,591,061
 Selling, G&A,
 and interest 1,668,199 1,957,849 3,181,561 3,854,967
 Pre-tax profit/
 (loss) 149,353 147,993 164,755 (263,906)
 Income taxes 42,000 54,000 46,000 (28,000)
 Net profit/
 (loss) $107,353 $93,993 $118,755 ($235,906)
 Earnings per share $0.04 $0.03 $0.04 ($0.08)
 Weighted average number
 of shares
 outstanding 2,896,667 2,783,333 2,896,667 2,783,333
 Consolidated Balance Sheet (Unaudited)
 Second Quarter Ended
 June 30
 1992 1991
 Assets:
 Total current assets $12,066,674 $13,021,116
 Net fixed assets 4,967,274 5,525,870
 Other assets 522,162 782,599
 Total assets $17,556,110 $19,329,585
 Liabilities & Shareholders' Equity:
 Total current liabilities $6,859,287 $8,916,668
 Deferred income taxes 454,100 468,100
 Long-term debt 5,014,768 4,304,455
 Shareholders' equity 5,227,955 5,640,362
 Total liabilities & shareholders' equity $17,556,110 $19,329,585
 -0- 7/16/92
 /CONTACT: Kai Kosanke of Trans-Industries, Inc., 313-852-1990/
 (TRNI) CO: Trans-Industries, Inc. ST: Michigan IN: TRN SU: ERN


DH-JG -- DE021 -- 9795 07/16/92 13:15 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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