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DOUGLAS & LOMASON ANNOUNCES SECOND-QUARTER PROJECTION

 DOUGLAS & LOMASON ANNOUNCES SECOND-QUARTER PROJECTION
 FARMINGTON HILLS, Mich., June 24 /PRNewswire/ -- Douglas & Lomason


Company (NASDAQ-NMS: DOUG) is a major automotive parts manufacturer headquartered in Farmington Hills. Harry Lomason, president and CEO, stated today in reviewing Street estimates for the second quarter of 1992, it now appears that sales will not achieve analysts' expectations of $105.0 million to $107.0 million. Specifically, the magnitude of the differential could be 5 percent.
 This sales decline, together with the fixed cost aspect of Douglas & Lomason's business and additional shares outstanding in 1992, leads the company to expect an EPS shortfall in the magnitude of 20 percent from 1991 second-quarter results of $.95 per share and some Street expectations for the second quarter of 1992. The six-month results for 1992 will compare most favorably to the same period of 1991, according to Mr. Lomason.
 The principal reason for the shortfall in revenues is that sales of domestic cars and trucks, on which the company has relatively high product content, have been softer than expected.
 -0- 6/24/92
 /CONTACT: James J. Hoey, vice president - finance, Douglas & Lomason Company, 313-442-4256/
 (DOUG) CO: Douglas & Lomason Company ST: Michigan IN: AUT SU: ERP


JG -- DE008 -- 3181 06/24/92 09:52 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
Words:206
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