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HOWELL INDUSTRIES REPORTS RESULTS

 SOUTHFIELD, Mich., Nov. 15 /PRNewswire/ -- Howell Industries, Inc. (AMEX: HOW) today announced the following operating results for the first fiscal quarter ended Oct. 31, 1993:
 Three Months Three Months
 Ended Ended
 10/31/93 10/31/92
 (Unaudited) (Unaudited)
 Net sales $15,210,401 $10,834,735
 Earnings after income taxes
 before cumulative effect of
 accounting changes 601,607 241,832
 Per share earnings(A) .69 .27
 Cumulative effect of accounting
 change(B) 240,000 ---
 Net earnings 841,607 241,832
 Per share earnings(A) .97 .27
 (A) Based on 864,738 shares at 10/31/93 and 881,090 shares at 10/31/92, the average number of shares outstanding during the period.
 (B) The accumulative effect of accounting change represents the favorable impact of Howell Industries, Inc. adopting the Statements of Financial Accounting Standards No. 109, "Accounting for Income Taxes," as of Aug. 1, 1993.
 -0- 11/15/93
 /CONTACT: Morton Schiff of Howell Industries, 313-424-8220/
 (HOW)


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

ML -- DE043 -- 4644 11/15/93 16:20 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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