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GRAPHIC INDUSTRIES RESULTS IMPROVED FOR FIRST QUARTER

 GRAPHIC INDUSTRIES RESULTS IMPROVED FOR FIRST QUARTER
 ATLANTA, June 3 /PRNewswire/ -- Graphic Industries, Inc. (NASDAQ: GRPH), a leading full-service printing and graphic communications company, today reported improved results for the first quarter.
 For the three months ended April 30, sales were $80,433,000 compared with $79,055,000 for the corresponding three months of 1991, an increase of 2 percent. Net income increased 21 percent to $873,000, or $.09 per share of common stock fully diluted, compared with net income of $724,000, or $.07 per share of common stock fully diluted for the first quarter last year.
 "These improving results are consistent with the gradual economic recovery underway and are in line with our expectations," said Mark C. Pope III, chairman and chief executive officer. "We anticipate further improvement when the economy begins to gain greater momentum. In the meantime, we are continuing our successful cost-containment and aggressive marketing programs."
 Graphic's operations include 17 commercial printing companies and a reprographics division with 14 locations serving major markets and customers throughout the United States.
 The Graphic operating companies include IPD Printing & Distributing, Inc., Williams Printing Company, Stein Printing Company, Atlanta Blue Print Co., Prizma Photographics, Executive Courier, Inc. and Northside Blueprint, all based in Atlanta; Edwards and Broughton Company, Raleigh, N.C.; Craftsman Printing Co., Charlotte, N.C.; A&E Reprographics, Jacksonville, Fla.; W.E. Andrews Co., Inc., Boston; W.E. Andrews Co. of Connecticut, Hartford, Conn.; Central Press of Miami, Fla.; Wetmore & Company, Houston; Heritage Press, Inc., Dallas; Graphic Direct, Detroit and Chicago; the State Printing Company and Carolina Reprographics, both of Columbia, S.C.; Spartan Blueprinters, Spartanburg, S.C.; Atlantic Reprographics, Myrtle Beach, S.C.; Piedmont Printmakers, Greenville, S.C.; Arco Blueprinters, Asheville, N.C.; Macon Blue Print, Macon, Ga.; Baum Printing, Inc., Philadelphia; Hoechstetter Printing Company, Inc., Pittsburgh; Mercury Printing Company, Inc., Memphis, Tenn.; and Monroe Litho Inc., Rochester, N.Y.
 -0- 6/3/92
 /CONTACT: Donald P. Hunnicutt of Graphic Industries, 404-874-3327/
 (GRPH) CO: Graphic Industries, Inc. ST: Georgia IN: SU: ERN


EA-BN -- AT002 -- 6519 06/03/92 09:32 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
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