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DYERSBURG ANNOUNCES PRELIMINARY RESULTS FOR SECOND QUARTER

 DYERSBURG ANNOUNCES PRELIMINARY RESULTS FOR SECOND QUARTER
 DYERSBURG, Tenn., April 20 /PRNewswire/ -- Dyersburg Corporation today announced its preliminary results for the second quarter of fiscal 1992, ended April 4, 1992 (all results are approximate).
 The company announced that its net sales for the second fiscal quarter were $37.3 million, an increase of $7.1 million, or 23.5 percent, over the comparable 1991 period, and that net sales for the first six months of fiscal 1992 (a 27-week period) were $67.5 million, an increase of $15.2 million, or 29.1 percent, over the comparable prior-year period (a 26-week period). The company attributed the increase in net sales to strong demand for its products relative to 1991 results, which were adversely affected by the general economic recession, to an increase in average prices due to an improvement in product mix and to an improved pricing environment.
 The company also announced that its operating income for the second quarter and first six months of fiscal 1992 were $5.6 million and $9.8 million, respectively, which represented increases over the comparable 1991 periods of $2.1 million, or 62.3 percent, and $4 million, or 70.1 percent, respectively. The company attributed the increases to increased demand for its products and improved pricing. Net income also increased in the 1992 periods to $1.4 million and $1.9 million, respectively, representing increases of $1.3 million and $1.5 million, respectively.
 The company, through its wholly owned subsidiary, Dyersburg Fabrics Inc., is one of the largest manufacturers of fleece fabrics sold to the domestic apparel manufacturing industry and also produces jersey fabric used in manufacturing women's and children's apparel.
 Dyersburg Corporation previously announced that it has filed a registration statement with the Securities and Exchange Commission relating to an underwritten offering of shares of its common stock.
 This announcement is neither an offer to sell nor a solicitation of an offer to buy shares of common stock. The offering will be made only by means of a prospectus.
 -0- 4/20/92
 /CONTACT: Jerome Wiggins, VP and CFO of Dyersburg, 901-285-2323/ CO: Dyersburg Corporation ST: Tennessee IN: TEX SU: ERN


CK-OS -- NY043 -- 0050 04/20/92 12:12 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:370
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