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BANDAG REPORTS SALES AND EARNINGS FOR SECOND QUARTER 1993

 MUSCATINE, Iowa, July 9 /PRNewswire/ -- Bandag, Incorporated (NYSE: BDG) today reported consolidated net sales of $148,950,000 for the second quarter of 1993. This compares to $146,724,000 for the second quarter of 1992. Net earnings for the second quarter of 1993 were $19,266,000 compared to $21,597,000 a year ago, while earnings per share of $.70 were 9 percent below last year's $.77.
 For the six months, consolidated net sales were $275,542,000 compared to $276,205,000 in the prior year. Net earnings were $33,164,000 compared to $37,966,000 in the prior year, and earnings per share were $1.21 compared to $1.36 a year ago.
 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 June 30 1993 1992 Percent change
 Sales $148,950,000 $146,724,000 2
 Net earnings 19,266,000 21,597,000 (11)
 Net earnings per share $.70 $.77 (9)
 Six months
 ended June 30 1993 1992 Percent change
 Sales $275,542,000 $276,205,000 0
 Net earnings 33,164,000 37,966,000 (13)
 Net earnings per share $1.21 $1.36 (11)
 Average shares
 outstanding 27,405,537 27,864,894
 -0- 7/9/93
 /CONTACT: Thomas E. Dvorchak of Bandag, Incorporated, 319-262-1332/
 (BDG)


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

TS-MP -- NY046 -- 9948 07/09/93 13:24 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
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