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UNITOG ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

 UNITOG ANNOUNCES SECOND QUARTER FINANCIAL RESULTS
 KANSAS CITY, Mo., Aug. 19 /PRNewswire/ -- Unitog Co.'s


(NASDAQ: UTOG) Chairman and President Randolph K. Rolf announced today, "Revenues and net earnings for our second quarter and six month period ended July 26, 1992 were company records."
 Unitog's revenues for its second quarter of fiscal 1993 were $43.3 million, an increase of 26 percent over the comparable period last year. Revenues totaled $81.1 million for the six months ended July 26, 1992, an increase of 17 percent over the comparable period last year. Rolf commented, "Our acquisition of Mid West in March 1992 fueled our rental revenue increase. Direct sales to our national customers increased significantly representing a turnaround from a recent flat-to-downward trend in that business."
 The company's net earnings for the second quarter of fiscal 1993 were $1.3 million or 27 cents per share, an increase of 31 percent over the second quarter last year. Net earnings for the six month period ended July 26, 1992, were $2.5 million, or 50 cents per share, a 39 percent improvement over the comparable period last year. Rolf concluded, "This improvement is due to companywide revenue increases, to the continued implementation of cost reductions and to our focus on improving operating margins."
 Unitog, based in Kansas City, provides uniform rental services to a variety of industries and sells custom designed uniforms. The company manufactures substantially all the uniforms it rents or sells.
 UNITOG CO. AND SUBSIDIARIES
 Condensed Consolidated Statements of Earnings
 Quarters Ended July 26, 1992 and July 28, 1991
 (unaudited)
 July 26, July 28,
 1992 1991
 Revenues:
 Rental operations $28,882,036 $23,306,940
 Direct sales 14,408,662 11,124,989
 Total revenues 43,290,698 34,431,929
 Cost of sales:
 Rental operations 14,983,258 12,681,121
 Direct sales 8,014,718 6,227,140
 Total cost of sales 22,997,976 18,908,261
 Gross margin 20,292,722 15,523,668
 Operating expenses:
 Rental operations 10,527,609 7,723,686
 Direct sales 4,239,697 3,464,882
 General and administrative 1,902,000 1,566,538
 Total operating expenses 16,669,306 12,755,106
 Operating income 3,623,416 2,768,562
 Interest expense 1,328,455 1,008,441
 Other expense, net 12,331 31,708
 Earnings before income taxes 2,282,630 1,728,413
 Income taxes 936,000 698,000
 Net earnings $1,346,630 $1,030,413
 Weighted average common and
 common equivalent shares
 outstanding 5,039,498 5,029,412
 Net earnings per common share $0.27 $0.21
 Condensed Consolidated Statements of Earnings
 Six Months Ended July 26, 1992 and July 28, 1991
 (unaudited)
 July 26, July 28,
 1992 1991
 Revenues:
 Rental operations $54,009,946 $46,459,663
 Direct sales 27,112,092 23,154,602
 Total revenues 81,122,038 69,614,265
 Cost of sales:
 Rental operations 27,844,083 25,027,084
 Direct sales 14,952,260 12,834,625
 Total cost of sales 42,796,343 37,861,709
 Gross margin 38,325,695 31,752,556
 Operating expenses:
 Rental operations 19,576,538 15,904,157
 Direct sales 8,520,111 7,398,708
 General and administrative 3,640,307 3,336,228
 Total operating expenses 31,736,956 26,639,093
 Operating income 6,588,739 5,113,463
 Interest expense 2,326,478 2,053,686
 Other expense, net 28,757 49,921
 Earnings before income taxes 4,233,504 3,009,856
 Income taxes 1,736,000 1,219,000
 Net earnings $2,497,504 $1,790,856
 Weighted average common and
 common equivalent shares
 outstanding 5,038,792 5,029,412
 Net earnings per common share $0.50 $0.36
 -0- 8/19/92
 /CONTACT: J. Craig Peterson of Unitog Co., 816-474-7000/
 (UTOG) CO: Unitog Co. ST: Missouri IN: SU: ERN


BB -- DV006 -- 1504 08/19/92 17:30 EDT
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Date:Aug 19, 1992
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