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JONES PLUMBING SYSTEMS REPORTS RESULTS

 JONES PLUMBING SYSTEMS REPORTS RESULTS
 BIRMINGHAM, Ala., March 6 /PRNewswire/ -- Kenneth R. Wells,


president and chief executive officer of Jones Plumbing Systems, Inc. (AMEX: JPS), announced today the company's operating results for the fourth quarter and 12 months ended Dec. 31, 1991.
 Consolidated net sales of the company for the three months and 12 months ended Dec. 31, 1991, were $9,570,863 and $37,478,182, respectively, an increase of .5 percent for the quarter and a decline of 5.2 percent for the year, as compared with the same periods in 1990.
 The company reported a net loss of $112,561, or $.02 a share, and a net loss of $2,545,110, or $.44 a share, for the three months and 12 months ended Dec. 31, 1991, respectively, as compared with a net loss of $702,061, or $.12 a share, and net income of $194,724, or $.03 a share, for the year-earlier periods. The results for the 12 months ended Dec. 31, 1991, included a loss from discontinued operations of $1,325,745, net of income taxes, or $.23 a share (including a provision of $109,228 for expected future losses), and a loss on the disposition of the company's screw machine division of $770,362, net of income taxes, or $.13 a share. Losses from discontinued operations were $300,690, net of income taxes, or $.05 a share, and $680,343, net of income taxes, or $.12 a share, for the three months and 12 months ended Dec. 31, 1990, respectively.
 The company attributed the drop in net sales for 1991 primarily to a depressed residential and commercial construction market. However, Wells said, "While sales continue to be adversely affected by the downturn in the economy, the pick up in sales in the fourth quarter is an indication of the impact being made by the introduction of new products, improved distribution and new business segments of the company."
 Wells further stated that: "The company has taken an aggressive position in managing its way through these difficult times by reducing excessive inventories and improving accounts receivable administration. As a result of these efforts, the company has been able to reduce its long-term bank debt by approximately $1 million during 1991, while at the same time keeping its short-term bank borrowings at about the same level as the prior year."
 -0- 3/6/92
 /CONTACT: Kenneth R. Wells, president and chief executive officer of Jones Plumbing Systems, 205-956-5511/
 (JPS) CO: Jones Plumbing Systems, Inc. ST: Alabama IN: SU: ERN


BR-TG -- AT009 -- 6038 03/06/92 17:09 EST
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Date:Mar 6, 1992
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