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LESCO REPORTS RECORD THIRD QUARTER WITH SALES UP 21 PERCENT, NET INCOME UP 74 PERCENT

 CLEVELAND, Oct. 21 /PRNewswire/ -- LESCO, Inc. (NASDAQ: LSCO), the nation's leading direct marketer of lawn care products and equipment, today reported record results for the third quarter of 1993 with a 21 percent increase in sales and a 74 percent increase in net income vs. the comparable period of last year.
 Net income for the quarter ended Sept. 30, 1993, amounted to $1,685,606 on sales of $46,365,719 compared with year earlier net income of $967,830 on sales of $38,366,763. Net income per share rose 60 percent to $.24 based on 7,047,667 shares outstanding from $.15 based on 6,473,982 shares outstanding. The per share amounts reflect a 3-for-2 split of the common stock effected July 30, 1993, and the completion in September of a secondary offering of 1,155,000 common shares.
 William A. Foley, president and CEO, said, "We are continuing to make a strong recovery from the first quarter when blizzards and floods had a negative impact on our business. In addition, we are nearing our expectations for the year as we benefit from significant economies of scale in our manufacturing operations as well as higher margins flowing from an improved product mix."
 For the first nine months of 1993, net income rose 22 percent to $3,879,626 from $3,183,364 on a sales increase of 13 percent to $127,272,318 from $112,550,005 for the comparable period. Net income per share rose to $.58 from $.50.
 Mr. Foley also noted that sales at comparable lawn care service centers rose 12.6 percent for the quarter and 8.5 percent for the nine months.
 To date, LESCO has 100 drive-through lawn care service centers for commercial customers in 27 states and is continuing to expand the chain. A fleet of 55 tractor-trailer "stores-on-wheels" caters to more than 40 percent of the nation's golf courses. Serving more than 74,000 customers nationally, the company also distributes, through lawn service representatives, telemarketing and catalogue sales.
 LESCO, INC.
 Third Quarter and Nine Months Operating Results
 (Unaudited for the period ending Sept. 30, 1993)
 Three Months Nine Months
 1993 1992 1993 1992
 Sales $46,365,719 $38,366,763 $127,272,318 $112,550,005
 Net Income 1,685,606 967,830 3,879,626 3,183,364
 EPS (A) $.24 $.15 $.58 $.50
 Weighted average
 common & common
 equiv. shares(A) 7,047,667 6,473,982 6,690,919 6,428,327
 Balance Sheet Highlights
 Working capital $64,668,414 $59,531,166
 Total assets 109,380,897 95,842,278
 Long-term debt 35,366,287 49,442,934
 Shareholders' equity 47,792,670 28,538,122
 (A) -- Number of shares and per share data reflect the 3-for-2 split in the company's common shares effected July 30, 1993, and completion of a secondary offering of 1,155,000 common shares on Sept. 22, 1993, at $13.50 per share with net proceeds of $14,450,000.
 -0- 10/21/93
 /CONTACT: Daniel G. Dunstan, chief operating officer of LESCO, Inc. 216-333-9250; or Otto McGowan of Cameron Associates, Inc., 212-644-9560/
 (LSCO)


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

GK-TS -- NY036 -- 5146 10/21/93 11:34 EDT
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Date:Oct 21, 1993
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