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TRANS-INDUSTRIES REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPT. 30

TRANS-INDUSTRIES REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPT. 30
 ROCHESTER HILLS, Mich., Oct. 15 /PRNewswire/ -- Trans-Industries, Inc. (NASDAQ-NMS: TRNI), a leading manufacturer and marketer of electronics and plastics-based products for the transportation and commercial markets, today reported operating results for the third quarter of 1992.
 The company realized a net loss of $55,152 on sales of $6,331,562. For the same period of the prior year, the company reported sales of $5,597,772 and a net loss of $398,498. Earnings per share for the third quarter were ($0.02) compared with earnings of ($0.14) for the same period last year.
 TRANS-INDUSTRIES, INC. QUARTERLY EARNINGS
 SEPT. 30, 1992
 SALES AND EARNINGS REPORT (UNAUDITED)
 3rd Quarter Ended 9 Months Ended
 Sept. 30 Sept. 30
 1992 1991 1992 1991
 Sales $6,331,562 $5,597,772 $19,384,348 $19,217,100
 Cost of Sales 4,688,620 4,228,318 14,395,090 14,256,585
 Gross Profit 1,642,942 1,369,454 4,989,258 4,960,515
 Selling, G&A,
 and Interest 1,697,094 1,903,952 4,878,655 5,758,919
 Pre-tax Profit/
 (Loss) (54,152) (534,498) 110,603 (798,404)
 Income Taxes 1,000 (136,000) 47,000 (164,000)
 Net Profit/
 (Loss) ($55,152) ($398,498) $63,603 ($634,404)
 Earnings Per Share ($0.02) ($0.14) $0.02 ($0.23)
 Weighted Average
 Number of Shares
 Outstanding 2,929,250 2,784,167 2,929,250 2,784,167
 CONSOLIDATED BALANCE SHEET (Unaudited)
 Third Quarter Ended
 Sept. 30
 1992 1991
 Assets:
 Total current assets $11,879,303 $11,869,753
 Net fixed assets 4,853,915 5,529,303
 Other assets 492,745 768,246
 Total assets $17,225,963 $18,167,302
 Liabilities and
 Shareholders' Equity:
 Total current liabilities $6,764,989 $8,032,600
 Deferred income taxes 454,100 468,100
 Long-term debt 4,942,522 4,217,897
 Shareholders' equity 5,064,352 5,448,705
 Total liabilities and
 shareholders' equity $17,225,963 $18,167,302
 -0- 10/15/92
 /CONTACT: Kai Kosanke of Trans-Industries, Inc., 313-852-1990/
 (TRNI) CO: Trans-Industries, Inc. ST: Michigan IN: TRN SU: ERN


KE-JG -- DE010 -- 0382 10/15/92 11:40 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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