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IMPERIAL INDUSTRIES ANNOUNCES RESULTS

 IMPERIAL INDUSTRIES ANNOUNCES RESULTS
 MIAMI, Aug. 12 /PRNewswire/ -- Imperial Industries, Inc. today


announced the results of operations for the quarter and six months ended June 30, 1992.
 Net sales for the three months ended June 30, 1992 were $1,809,000, compared to $1,777,000 for last year. The company derived net income applicable to common stockholders of $9,000, or $.002 per share, for the second quarter of 1992, compared to a loss of $139,000, or $.03 per share, in 1991.
 For the six months ended June 30, 1992, the company incurred a net loss applicable to common stockholders of $148,000, or $.03 per share, on sales of $3,321,000, compared to a loss of $324,000, or $.06 per share, on sales of $3,480,000 for the same period last year.
 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. AND SUBSIDIARIES
 Financial Highlights
 (unaudited)
 Six Months Ended Three Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Net sales $3,321,000 $3,480,000 $1,809,000 $1,777,000
 Net income
 (loss) $ 17,000 $ (159,000) $ 92,000 $ (56,000)
 Less: Dividends
 on redeemable
 preferred stock (165,000) (165,000) (83,000) (83,000)
 Net income (loss)
 applicable to
 common
 stockholders $ (148,000) $ (324,000) $ 9,000 $ (139,000)
 Net loss per
 share of common
 stock (A) $(.03) $(.06) $.002 $(.03)
 Weighted average
 number of shares
 outstanding 5,091,000 5,057,000 5,107,000 5,057,000
 (A) -- Net loss per share gives effect to $165,000 and $83,000 of cumulative preferred dividends not declared for each of the six months and second quarter of 1992 and 1991, respectively.
 -0- 8/12/92
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, 305-477-7000/ CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN


AW-JB -- FL003 -- 9269 08/12/92 09:17 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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