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DAVIS WATER & WASTE REPORTS THIRD QUARTER/NINE MONTH RESULTS

 DAVIS WATER & WASTE REPORTS THIRD QUARTER/NINE MONTH RESULTS
 THOMASVILLE, Ga., March 27 /PRNewswire/ -- Davis Water & Waste Industries, Inc. (NYSE: DWW), today reported results for the third quarter and nine months ended Jan. 31, 1992.
 For the quarter, the company reported a net loss of $663,537 or 20 cents per share on net sales of $43,782,902 compared to a net loss of $493,514 or 15 cents per share on net sales of $46,573,392 for the same period last year.
 For the nine months, the net loss was $922,266 or 28 cents per share on sales of $138,871,922 compared to a net loss of $143,197 or 4 cents per share on sales of $151,782,181 for the first nine months of the prior year.
 "The sales declines for the quarter and nine months were due primarily to the continuing nationwide slowdown in commercial and residential land development and construction. The company has downsized its operations in line with current market conditions, including the closing of three distribution locations which were unprofitable and the selective reduction in employees. Employment at Jan. 31, 1992, was 767, compared to 883 on Jan. 31, 1991," R. Doyle White, president, stated.
 Davis Water & Waste Industries designs, engineers, manufactures, sells and installs water and sewage treatment and pumping equipment, and sells certain process materials used to treat water and sewage to comply with applicable health and water quality standards. The company also markets products relating to the distribution of water and the treatment of water and sewage.
 DAVIS WATER & WASTE INDUSTRIES, INC.
 Financial Highlights (Unaudited)
 Period ended Three Months Nine Months
 Jan. 31 1992 1991 1992 1991
 Net sales $43,782,902 $46,573,392 $138,871,922 $151,782,181
 Net (loss)
 income $ (663,537) $ (493,514) $ (922,266) $ (143,197)
 (Loss) earns.
 per share $(.20) $(.15) $(.28) $(.04)
 Aver. no. of
 shares outstg. 3,265,211 3,277,956 3,267,015 3,270,118
 -0- 3/27/92
 /CONTACT: Stan White of Davis Water & Waste Industries, 912-226-5733/
 (DWW) CO: Davis Water & Waste Industries, Inc. ST: Georgia IN: SU: ERN


GK-OS -- NY048 -- 2444 03/27/92 15:13 EST
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Date:Mar 27, 1992
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