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HUFFY CORPORATION PROJECTS FIRST QUARTER RESULTS

 HUFFY CORPORATION PROJECTS FIRST QUARTER RESULTS
 DAYTON, Ohio, March 30 /PRNewswire/ -- Huffy Corporation (NYSE: HUF)


reported today that net sales for the first quarter are expected to exceed 1991's first quarter record level. Net earnings could be flat to slightly lower than the record $.43 per common share earned a year ago.
 Harry A. Shaw, III, chairman of the board and chief executive officer, stated, "Earnings in the first quarter have been negatively impacted primarily by True Temper Hardware Company's operating performance and higher interest costs related to increased inventory levels at product companies.
 "We continue to be encouraged by strong demand for products at True Temper Hardware Company. Major emphasis has been placed on strategic growth for this company and we are pleased with the progress to date. Order backlog remains high; however, margins have suffered as a result of competitive pricing pressure, a shift to a less profitable product mix, and increased promotional costs. We are continuing with long term cost reduction programs to improve operating efficiency. We expect these programs to favorably impact results late in 1992 and into 1993. Even though True Temper's first quarter results are not anticipated, we expect that True Temper's 1992 earnings will exceed 1991 levels.
 "First quarter sales and earnings at Huffy Bicycle Company are up moderately from last year's all time high performance. Customer service levels during 1991's sold out position reached unacceptable levels. For 1992, management planned an increase in inventory which significantly improved the service level for Huffy Bicycle Company's customers. In addition, sell through at retail of higher specification mountain bikes has been slower than expected, but sales remain at 1991 record levels.
 "All of our other Huffy companies are performing as anticipated and combined are enjoying a moderate increase in sales and earnings. Our outlook for the remainder of the year is cautiously optimistic and we expect that 1992 will be another year of record performance by Huffy Corporation."
 Huffy Corporation is a major supplier of bicycles, basketball, hardware and juvenile products, and a nationwide supplier for assembly, merchandising and inventory services to high volume retailers.
 -0- 3/30/92
 /CONTACT: Pamela J. Whipps of Huffy Corporation, 513-866-6251/
 (HUF) CO: Huffy Corporation ST: Ohio IN: LEI SU: ERN


SM -- CL016 -- 2909 03/30/92 12:51 EST
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Date:Mar 30, 1992
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