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IMPERIAL INDUSTRIES ANNOUNCES RESULTS

 IMPERIAL INDUSTRIES ANNOUNCES RESULTS
 MIAMI, May 15 /PRNewswire/ -- Imperial Industries, Inc. today


announced the results of operation for the quarter ended March 31, 1992.
 Net sales for the three months ended March 31, 1992 were $1,512,000, compared to $1,703,000 for the same period last year. The company incurred a net loss applicable to common stockholders of $157,000, or $.04 per share, for the first quarter of 1992, compared to a loss of $185,000, or $.04 per share, in 1991.
 Imperial Industries, Inc., a building products company, operates in the state 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 Highlight
 (unaudited)
 Three Month ended March 31,
 1992 1991
 Net sales $1,512,000 $1,703,000
 Net loss $ (75,000) $ (103,000)
 Less: Dividends on redeemable
 preferred stock 82,000 82,000
 Net loss applicable to common
 stockholders $ (157,000) $ (185,000)
 Net loss per share of common
 stock (A) $(.04) $(.04)
 Weighted average number of
 shares outstanding 5,070,000 5,057,000
 (A) -- Loss per share of common stock gives effect to $82,000 of cumulative preferred dividends not declared for each of the first quarters of 1992 and 1991, respectively.
 -0- 5/15/92
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, 305-477-7000/ CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN


JB-AW -- FL023 -- 0952 05/15/92 16:49 EDT
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Publication:PR Newswire
Date:May 15, 1992
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