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TRANS-INDUSTRIES REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 1993

 ROCHESTER HILLS, Mich., April 15 /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 first quarter ended March 31, 1993.
 The company realized a net profit of $153,886 on sales of $6,455,835. As a result of adoption of FASB 109 in January 1993, included in net profit is a one-time credit of $100,000. For the same period of the prior year, the company reported a net profit of $11,402 on sales of $6,145,128. Earnings per share for the first quarter were $.05 and $.00 for 1993 and 1992, respectively.
 TRANS-INDUSTRIES, INC.
 QUARTERLY EARNINGS
 MARCH 31, 1993
 Sales and Earnings Report (Unaudited)
 First Quarter Ended
 March 31,
 1993 1992
 Sales $6,455,835 $6,145,128
 Cost of sales 4,759,359 4,616,364
 Gross profit 1,696,476 1,528,764
 Selling, G&A and interest 1,650,090 1,513,362
 Pre-tax profit/(loss) 46,386 15,402
 Income taxes (7,500) 4,000
 Net operating profit/(loss) $53,886 $11,402
 Extraordinary item (a) 100,000 ---
 Net income 153,886 11,402
 Earnings per share $0.05 $0.00
 Weighted average number of
 shares outstanding 2,927,750 2,859,167
 (a) -- Net effect of change in accounting for deferred income taxes.
 Consolidated Balance Sheet (Unaudited)
 First Quarter Ended
 March 31,
 1993 1992
 Assets:
 Total current assets $13,187,623 $11,492,871
 Net fixed assets 4,645,847 5,060,999
 Other assets 440,176 550,830
 Total assets $18,273,646 $17,104,700
 Liabilities and Shareholders' Equity:
 Total current liabilities $8,082,430 $6,574,117
 Deferred income taxes 395,000 454,100
 Long-term debt 4,794,817 5,089,601
 Shareholders' equity 5,001,399 4,986,882
 Total liabilities and
 shareholders' equity $18,273,646 $17,104,700
 -0- 4/15/93
 /CONTACT: Kai Kosanke of Trans-Industries, Inc., 313-852-1990/
 (TRNI)


CO: Trans-Industries, Inc. ST: Michigan IN: TRN SU: ERN

JG -- DE028 -- 6360 04/15/93 15:04 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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