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DECORATOR INDUSTRIES, INC. FIRST QUARTER PROFITS SOAR 400 PERCENT ON INCREASED SALES

 DECORATOR INDUSTRIES, INC. FIRST QUARTER PROFITS
 SOAR 400 PERCENT ON INCREASED SALES
 PEMBROKE PINES, Fla., April 27 /PRNewswire/ -- Decorator Industries, Inc. (AMEX: DII), which manufactures draperies, bedspreads and other accessories for the hospitality (motel/hotel), recreational vehicle and manufactured housing industry, today reported its results for the first quarter of 1992.
 Net income for the first quarter of 1992 increased over 400 percent to $182,798 from $35,221 in the first quarter of 1991, an 18-year first quarter record.
 Net sales for the first quarter of 1992 increased almost 21 percent to $4,833,343 from $3,995,414 in the first quarter of 1991.
 William Bassett, president, advised that the improved profits can principally be attributed to lower costs of operations resulting from plant closings, consolidations and other streamlining actvities implemented over the last two years in conjunction with a substantial improvement in the markets the company serves.
 Management believes that the company will continue to benefit from its lean cost structure over the balance of the year and, combined with the improved market conditions that the company is enjoying, Decorator Industries could have one of the best years in its history.
 The figures are as follows.
 DECORATOR INDUSTRIES, INC.
 Consolidated Report of Sales and Earnings (A)
 Quarter Ended 3/28/92 3/30/91
 Net sales $4,833,343 $3,995,414
 Income before income taxes 295,798 56,121
 Income taxes 113,000 20,900
 Net income 182,798 35,221
 Total primary earnings per share $0.20 $0.03
 Fully diluted earnings per share $0.19 $0.03
 Average number of shares outstanding 902,722 1,054,356
 (A) Unaudited
 -0- 4/27/92
 /CONTACT: William Bassett, president, 305-436-8909, or Jerome B. Lieber, secretary, in Pittsburgh, 412-392-2121, both of Decorator Industries/
 (DII) CO: Decorator Industries, Inc. ST: Florida IN: TEX SU: ERN


DM-MP -- PG010 -- 3219 04/27/92 13:26 EDT
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Publication:PR Newswire
Date:Apr 27, 1992
Words:316
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