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LESCO INC. REPORTS FIRST QUARTER RESULTS

 CLEVELAND, April 29 /PRNewswire/ -- LESCO, Inc. (NASDAQ: LSCO), the leading manufacturer and direct marketer of turf care products and equipment, reported that for the first quarter ended March 31, the company had a net loss of $513,834 or $.12 per share on sales of $31,758,732 compared with year earlier net income of $76,024 or $.02 per share on sales of $31,887,399.
 James I. FitzGibbon, chairman and chief executive officer, explained that unusually severe blizzards and floods in March had a negative impact on the industry in general as well as LESCO's first quarter, but that chances are good the company will make up most of the lost ground in the balance of the year.
 Mr. FitzGibbon said that while sales were up in the fertilizer and equipment product categories, declines in turf protection, seed and irrigation products resulted in a slight overall sales decrease, and in looking at distribution channels, only drive-through service center sales showed an increase.
 He noted that if the improvement in the company's gross profit margins during the first quarter continues, LESCO has the potential to benefit quickly from the anticipated upswing in sales during the second quarter.
 LESCO, INC.
 First Quarters Results
 (Unaudited)
 Period ended March 31 1993 1992
 Sales $31,758,732 $31,887,399
 Net income (loss) (513,834) 76,024
 Net income (loss) per share (.12) .02
 Weighted average number of
 common shares outstanding 4,220,383 4,268,521
 Balance Sheet Highlights
 Working Capital $61,024,633 $51,926,945
 Total assets 112,314,169 105,054,564
 Long term debt, net 50,254,740 45,342,566
 Shareholders' equity 29,158,639 25,383,971
 -0- 4/29/93
 /CONTACT: Daniel G. Dunstan, 216-333-9250, or C. Rodney O'Connor, 212-644-9560, both of LESCO, Inc./
 (LSCO)


CO: LESCO, Inc. ST: Ohio IN: SU: ERN

TM -- NY007 -- 2516 04/29/93 10:00 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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