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IMPERIAL INDUSTRIES ANNOUNCES RESULTS

 IMPERIAL INDUSTRIES ANNOUNCES RESULTS
 MIAMI, March 30 /PRNewswire/ -- Imperial Industries, Inc. today


announced results of operations for the year ended Dec. 31, 1991.
 Results for the year ended Dec. 31, 1991 produced a loss of $662,000, or $.13 per share on sales of $6,534,000, compared to a loss of $626,000, or $.12 per share, on sales of $7,668,000 for 1990. Results from operations for the year ended Dec. 31, 1990 included a gain of $119,000, realized from the sale of surplus real property. There were no similar gains realized in 1991.
 Imperial Industries, Inc., a building products company, operates in the states of Florida and Georgia through its subsidiaries, Premix- Marbletite Manufacturing Co. and Acrocrete, Inc., companies engaged in the manufacture and distribution of stucco and plaster products to building materials dealers.
 IMPERIAL INDUSTRIES, INC.
 Financial Highlights
 Year Ended Dec. 31,
 1991 1990
 Net Sales $6,534,000 $7,668,000
 Net loss $ (332,000) $ (296,000)
 Less: Dividends on
 redeemable preferred stock (330,000) (330,000)
 Net loss applicable to
 common stockholders $ (662,000) $ (626,000)
 Loss per share of common
 stock (A) $(.13) $(.12)
 Weighted average number of
 shares outstanding 5,057,000 5,057,000
 (A) -- Loss per share of common stock gives effect to $330,000 of cumulative preferred dividends not declared for each of the years 1991 and 1990, respectively.
 -0- 3/30/92
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, Inc. 305-477-7000/ CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN


SS-AW -- FL014 -- 3008 03/30/92 15:42 EST
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Publication:PR Newswire
Date:Mar 30, 1992
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