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DURAKON INDUSTRIES REPORTS PRELIMINARY RESULTS

 LAPEER, Mich., Feb. 1 /PRNewswire/ -- Durakon Industries, Inc. (NASDAQ-NMS: DRKN) today reported preliminary sales and earnings for the year ended Dec. 31, 1992.
 Sales for the year ended Dec. 31, 1992 are estimated at $86.5 million, an increase of 26 percent over 1991. Earnings are expected to be in the range of $1.19 to $1.23 per share for 1992. In 1991, the company lost ($0.50) per share.
 William Webster, President and CEO for Durakon, said "Both of our business segments had strong fourth quarters. Unit sales of pickup truck bedliners were 15 percent higher than the fourth quarter of 1991. Full year shipments should be a record. Jim Kelly, President of our Jerr-Dan subsidiary, has reported sales of recovery vehicles from Jerr- Dan continued to improve. Not only were unit sales up substantially from the fourth quarter of last year but this year's fourth quarter at Jerr-Dan was the best quarter of 1992."
 "I am very appreciative of all the efforts put forth by our Durakon and Jerr-Dan associates and for the support of our distributors and shareholders in helping us return the Company to profitability in 1992".
 The company expects to release final fourth quarter and full year results for 1992 early in March, following completion of the year-end audit.
 -0- 2/1/93
 /CONTACT: Thomas A. Galas, chief financial officer of Durakon Industries, Inc., 313-664-0850/
 (DRKN)


CO: Durakon Industries, Inc. ST: Michigan IN: AUT SU: ERN

SH -- NY087 -- 1455 02/01/93 14:27 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:251
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