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BANDAG REPORTS SALES AND EARNINGS FOR FIRST QUARTER 1993

 MUSCATINE, Iowa, April 8 /PRNewswire/ -- Bandag, Incorporated (NYSE: BDG) today reported net sales of $126,592,000 and earnings of $13,898,000 for the first quarter of 1993. This compares to net sales of $129,481,000 and earnings of $16,369,000 in the first quarter of 1992. Earnings per share of $.51 were 14 percent lower than the prior year's $.59.
 Bandag, Incorporated manufactures retreading materials and equipment for its worldwide network of over 1,200 independent, franchised dealers who produce and market cold process retreads.
 BANDAG, INCORPORATED
 Summary of Operations
 Three months ended March 31 1993 1992(A) Pct. Incr.
 (decr.)
 Sales $126,592,000 $129,481,000 (2)
 Net earnings 13,898,000 16,369,000 (15)
 Net earnings per share (B) .51 .59 (14)
 Average shares outstanding (B) 27,408,631 27,863,292 --
 (A) Restated to reflect cumulative effect of accounting changes as a result of the adoption of FAS 106 and FAS 109.
 (B) Adjusted to give retroactive effect to the company's June 10, 1992 stock dividend of class A common stock.
 -0- 4/8/92
 /CONTACT: Thomas E. Dvorchak of Bandag, Incorporated, 319-262-1332/
 (BDG)


CO: Bandag, Incorporated ST: Iowa IN: SU: ERN

AH-OS -- NY055 -- 0344 04/08/93 14:47 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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