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IMPERIAL INDUSTRIES REPORTS RESULTS

 MIAMI, April 1 /PRNewswire/ -- Imperial Industries, Inc. today announced results of operations for the year ended Dec. 31, 1992.
 Results for the year ended Dec. 31, 1992 produced a net loss applicable to common stockholders of $194,000 or $.03 per share on sales of $7,118,000, compared to a net loss applicable to common stockholders of $662,000, or $.13 per share, on sales of $6,534,000 for 1991. The company had net income prior to giving effect to preferred stock dividends of $136,000 during the year ended Dec. 31, 1992, compared to a net loss of $332,000 in the prior year. Results from operations for the year ended Dec. 31, 1992 included a gain of $115,000 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,
 1992 1991
 Net sales $ 7,118,000 $ 6,534,000
 Net income (loss) $ 136,000 $ (332,000)
 Less: Dividends on
 redeemable preferred
 stock (330,000) (330,000)
 Net loss applicable to
 common stockholders $ (194,000) $ (662,000)
 Loss per share of
 common stock (A) $ (.03) $ (.13)
 Weighted average number
 of shares outstanding 5,096,000 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 1992 and 1991, respectively.
 -0- 4/1/93
 /CONTACT: Howard L. Ehler Jr. of Imperial Industries, 305-477-7000/


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

JB-AW -- FL012 -- 2193 04/01/93 16:08 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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