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IMPERIAL INDUSTRIES ANNOUNCES RESULTS

 MIAMI, Aug. 16 /PRNewswire/ -- Imperial Industries, Inc. today announced the results of operation for the quarter and six months ended June 30, 1993.
 Net sales for the three months ended June 30, 1993 were $2,202,000, compared to $1,809,000 for last year. The company derived net income applicable to common stockholders of $104,000, or $.02 per share, for the second quarter of 1993, compared to income of $9,000, or $.002 per share, in 1992. Results for the quarter ended June 30, 1993 included $80,000 in income due to the elimination of an accrued expense originally provided in connection with the abandonment of leased property.
 For the six months ended June 30, 1993, the company incurred a net loss applicable to common stockholders of $67,000, or $.01 per share, on sales of $4,144,000, compared to a loss of $148,000, or $.03 per share, on sales of $3,321,000 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 June 30, Three Months Ended June 30,
 1993 1992 1993 1992
 Net sales $4,144,000 $3,321,000 $2,202,000 $1,809,000
 Net income $ 98,000 $ 17,000 $ 187,000 $ 92,000
 Less: Dividends
 on redeemable
 preferred
 stock (165,000) (165,000) (83,000) (83,000)
 Net income (loss)
 applicable to
 common
 stockholders $ (67,000) $ (148,000) $ 104,000 $ 9,000
 Net income (loss)
 per share
 of common
 stock (A) $ .013 $ (.03) $ .02 $ .002
 Weighted average
 number of shares
 outstanding 5,165,000 5,091,000 5,194,000 5,107,000
 (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 1993 and 1992, respectively.
 -0- 8/16/93
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, Inc., 305-477-7000/


CO: Imperial Industries, Inc. ST: Florida IN: CST SU: ERN

JB-RC -- FL021 -- 3278 08/16/93 17:05 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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