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ELCOR SAYS THAT LATEST SECURITY ANALYST ESTIMATE FOR SUBSTANTIALLY HIGHER EARNINGS APPEARS REASONABLE

 DALLAS, March 4 /PRNewswire/ -- Elcor Corporation (NYSE: ELK) today said that the latest report by a security analyst with The Principal/Eppler, Guerin & Turner, Inc., calling for substantially higher third and fourth quarter earnings, appears reasonable. The new report forecasts earnings before extraordinary item of $1.00 per share, up 25 percent from a previous forecast of $.80 per share, for Elcor's second half ending June 30, 1993.
 Further, Elcor said that the analyst Jessica Tully's estimate of earnings before extraordinary item of $1.90 per share for its fiscal year ending June 30, 1993 appears to be reasonable. In its fiscal year ending June 30, 1992, Elcor reported earnings before extraordinary items of $.59 per share.
 Elcor had previously said that earnings before extraordinary items in both the third and fourth quarters were expected to match or exceed second quarter earnings of $.38 per share. Last year Elcor reported a loss before extraordinary items of $.05 per share in its third quarter and earnings before extraordinary items of $.27 per share in its fourth quarter, for a total of $.22 per share for its second half.
 Roy E. Campbell, president of Elcor, said, "Continuing strong demand for the company's Elk Prestique(R) premium laminated fiberglass asphalt shingles, combined with improving performance of its industrial products operations, support improved expectations for earnings in the second half.
 "There are opportunities for even further improvement in earnings during the second half. However, the possible impact of uncertain weather conditions at this time of year which may delay reroofing work in the months ahead, make it premature to forecast further improvements at this point.
 "In any event, Fiscal 1993 earnings should be at the highest level ever, and Elcor is well-positioned for continuing growth in subsequent years," he concluded.
 Elcor manufactures roofing products and industrial products. Each of Elcor's principal operating subsidiaries is the leader or one of the leaders within its particular market. Its common stock is listed on the New York Stock Exchange (ticker symbol: ELK).
 Elcor's roofing products facilities are located in Tuscaloosa, Ala.; Dallas and Ennis, Texas. Its industrial products facilities are located in Cleveland, Ohio; Dallas, Lufkin, Midland, and Waco, Texas.
 For more information on Elcor Corporation, simply dial 1-800-PRO-INFO and enter the number 055.
 -0- 3/4/93
 /CONTACT: Richard J. Rosebery, vice president, treasurer and chief financial officer of Elcor Corporation, 2140-51-0500/
 (ELK)


CO: Elcor Corporation ST: Texas IN: CST SU:

SH -- NY047 -- 2915 03/04/93 11:02 EST
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Date:Mar 4, 1993
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