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HOWARD B. WOLF, INC. REPORTS RESULTS

 DALLAS, March 18 /PRNewswire/ -- Howard B. Wolf, Inc. (AMEX: HBW), Dallas-based women's fashion manufacturer, today reported net sales of $3,264,475, income before federal income tax of $280,257, and net income of $179,676, or $.17 per share, for the third quarter ended Feb. 28, 1993. Net sales for the third quarter ended Feb. 29, 1992 were $2,693,275, income before federal income tax was $174,149, and net income was $109,838, or $.10 per share.
 For the nine-month period ended Feb. 28, 1993, net sales were $9,589,548, income before federal income tax was $811,821, and net income totaled $524,222, or $.50 per share. Comparable results for the nine-month period ended Feb. 29, 1992 were net sales of $8,016,457, income before federal income tax of $524,887, and net income of $309,115, or $.29 per share.
 1992 net income has been restated to reflect the cumulative effect of the adoption of FASB 109 "Accounting for Income Taxes." The effect of the adoption of FASB 109 increased net income in the third quarter $1,806 (no effect on income per share) and decreased net income in the nine-month period $12,135, or $.01 per share.
 The board of directors declared a quarterly dividend of $.06 per share payable April 29, 1993 to shareholders of record on April 8, 1993.
 HOWARD B. WOLF, INC.
 Financial Results
 Three Months Ended
 Feb. 28, 1993 Feb. 29, 1992
 Restated
 Net sales $3,264,475 $2,693,275
 Income before federal
 income tax $ 280,257 $ 174,149
 Net income $ 179,676 $ 109,838
 Net income per share $ .17 $ .10
 Average number of shares
 outstanding 1,056,191 1,056,191
 Nine Months Ended
 Feb. 28, 1993 Feb. 29, 1992
 Restated
 Net sales $9,589,548 $8,016,457
 Income before federal
 income tax $ 811,821 $ 524,887
 Net income $ 524,222 $ 309,115
 Net income per share $ .50 $ .29
 Average number of shares
 outstanding 1,056,191 1,056,191
 -0- 3/18/93
 /CONTACT: Eugene K. Friesen of Howard B. Wolf, Inc., 214-823-9941/
 (HBW)


CO: Howard B. Wolf, Inc. ST: Texas IN: TEX SU: ERN

WB -- NY022 -- 7391 03/18/93 10:28 EST
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Date:Mar 18, 1993
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