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LATSHAW ENTERPRISES REPORTS RESULTS

 WICHITA, Kan., Sept. 14 /PRNewswire/ -- Latshaw Enterprises today reported a net profit for the third quarter of 1993 of $409,000 or 83 cents a share (primary) and 44 cents (fully diluted) compared to a net loss of $504,000 or 86 cents a share for the same period in 1992. For the first nine months of 1993 there was a per share net profit of $1.46 (primary) and 84 cents (fully diluted) on a net profit of $746,000. This compares to a 1 cent per share profit on a total net profit of $6,000 for the same period in 1992.
 LATSHAW ENTERPRISES, INC. AND SUBSIDIARIES
 Summary of Sales and Earnings
 (In thousands except per share data -- Unaudited)
 Three Months Ended Nine Months Ended
 7/31/93 8/1/92 7/31/93 8/1/92
 Net sales $7,531 $5,968 $22,980 $19,743
 Income (loss) before
 taxes and extra-
 ordinary item 440 (669) 1,724 (179)
 Income tax provision 152 (232) 589 (69)
 Income (loss) before
 extraordinary item 288 (437) 1,135 (110)
 Extraordinary item 121 (67) 291 116
 Cumulative effects of
 changes in accounting
 principles -- -- (680) --
 Net income (loss) 409 (504) 746 6
 Net income (loss)
 per common share:
 Primary:
 Income (loss) before
 extraordinary item and
 cumulative effects of
 changes in accounting
 principles $.59 $(.75) $2.22 $(.19)
 Extraordinary item .24 (.11) .57 .20
 Cumulative effects of
 changes in accounting
 principles -- -- (1.33) --
 Net income (loss) per share $.83 $(.86) $1.46 $.01
 Net income per common
 and Class C common share:
 Fully diluted:
 Income before extraordinary
 item and cumulative effects
 of changes in accounting
 principles .32 -- $1.23 --
 Extraordinary item .12 -- .29 --
 Cumulative effects of
 changes in accounting
 principles -- -- (.68) --
 Net income per share .44 -- .84 --
 Weighted average
 shares outstanding:
 Primary 491,119 586,985 511,129 586,746
 Fully diluted 989,770 -- 992,389 --
 -0- 9/14/93
 /CONTACT: David G. Carr, vice president finance of Latshaw Enterprises, 316-942-7266, ext. 277/


CO: Latshaw Enterprises ST: Kansas IN: SU: ERN

SM -- NY087 -- 1998 09/14/93 18:33 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
Words:347
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