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LINCOLN FOODSERVICE PRODUCTS ANNOUNCES FIRST QUARTER RESULTS

 FORT WAYNE, Ind., April 15 /PRNewswire/ -- Lincoln Foodservice Products, Inc., (NASDAQ: LINN) today announced operating results for the first quarter ended March 31, 1993.
 Net sales in the 1993 first quarter increased 6 percent to $12,386,000 compared with 1992 net sales of $11,690,000. Net income was $317,000 compared to 1992 net income of $328,000. Earnings per share were $.10 for both periods.
 William A. Thomas, Lincoln's Chairman, President, and Chief Executive Officer, noted, "Our sales increase for the first quarter reflects special orders for our ImpingerR Low Profile oven, which more than off-set some modest decline of our export sales."
 "Export sales were 18 percent of total gross sales at the end of the first quarter, down from 24 percent in the first quarter last year and 21% for fiscal 1992. We expect international buying patterns to even out during the remainder of the year."
 Mr. Thomas continued, "While sales were strong, earnings were flat because the product mix shipped during the quarter contained a greater number of low-margin products than is typically the case for Lincoln. We expect to achieve and maintain a more favorable product mix during the next nine months."
 Lincoln Foodservice Products, Inc., designs, manufactures, and markets
commercial and institutional foodservice cooking equipment and supplies. The Company, which produces ImpingerR conveyor ovens, Wear-


EverR and CenturionR foodservice supplies and utensils, RedcoR food slicers, cutters, and wedgers, and Fresh-O-MaticR food warmers, markets its products through its sales force and a network of approximately 1,500 distributors worldwide.
 LINCOLN FOODSERVICE PRODUCTS, INC.
 SELECTED FINANCIAL DATA
 (Unaudited)
 ($ in 000's, except per share data)
 Three Months Ended
 March 31
 1993 1992
 Net sales $ 12,386 $ 11,690
 Income before
 Income taxes 513 530
 Income Taxes 196 202
 Net income $ 317 $ 328
 Weighted Average
 Shares Outstanding 3,298,000 3,294,000
 Net income per share $ .10 $ .10
 -0- 4/15/93
 /CONTACT: David O. Cole, vice president of Lincoln Foodservice, 219-432-9511/
 (LINN)


CO: Lincoln Foodservice Products, Inc. ST: Indiana IN: FOD SU: ERN

PS -- NY025 -- 6081 04/15/93 09:47 EDT
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Date:Apr 15, 1993
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