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LUND INTERNATIONAL HOLDINGS, INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED MARCH 31, 1993

 MINNEAPOLIS, April 20 /PRNewswire/ -- Lund International Holdings, Inc. (NASDAQ-NMS: LUND) announced sales and earnings for the third quarter ended March 31, 1993. Net sales for the third quarter were $6,647,700 compared to $4,250,300 for the same period last year, an increase of 56.4 percent. Net income was $929,300, or $.21 per share, compared to $582,100, or $.14 per share, for the same period in 1992. Sales and net income for the nine months ended March 31, 1993 were $17,981,400 and $2,454,300 respectively. These compared to $11,702,100 to $1,362,300 for the same period in 1992. Earnings per share were $.56 for the nine months ended March 31, 1993 compared to $.32 for the nine months ended March 31, 1992.
 Sales for the quarter were the highest in the company's history, representing the seventh consecutive quarter of increased sales. "The increased sales continued to reflect customer demand for Lund's accessories during the early spring market. The products have been very popular as more and more customers elect to accessorize their vehicles to their own unique tastes," according to Tom Cook, vice president of finance and administration.
 Gross profits of 44.9 percent of net sales were down slightly from the second quarter level of 45.7 percent due to training and development expenses for the third production shift and start-up expenses associated with manufacturing plastic headlight and taillight products purchased in a December acquisition.
 SG&A expenses were 22.0 percent of net sales compared to 23.9 percent for the same period last year. The company continues to monitor expense levels very closely in order to keep costs in line and support the growth in revenues.
 One hundred percent of the sales come from Lund Industries Incorporated, a wholly owned subsidiary of Lund International Holdings, Inc. Lund Industries Incorporated is a manufacturer of add-on accessories for trucks and vans. Its product lines are marketed through various automotive warehouse distributors throughout the United States and Canada.
 The corporation is headquartered at 9055 Evergreen Boulevard, Minneapolis, Minn. 55433.
 LUND INTERNATIONAL HOLDINGS, INC.
 Comparative Condensed Financial Information
 (Unaudited)
 (In thousands, except earnings per share and percentages)
 Three Months Ended Nine Months Ended
 3/31/93 3/31/92 3/31/93 3/31/92
 Net sales $6,647.7 $4,250.3 $17,981.4 $11,702.1
 Gross profit 2,984.9 1,933.7 8,100.7 5,373.0
 Percent 44.9 45.5 45.1 45.9
 SG&A expenses 1,460.9 1,014.9 4,169.8 3,220.0
 Percent 22.0 23.9 23.2 27.5
 Net income $929.3 $582.1 $2,454.3 $1,362.3
 Earnings per share $.21 $.14 $.56 $.32
 -0- 4/20/93
 /CONTACT: Thomas E. Cook of Lund International Holdings, 612-780-2520/
 (LUND)


CO: Lund International Holdings, Inc. ST: Minnesota IN: AUT SU: ERN

AL -- MN021 -- 8079 04/20/93 12:36 EDT
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Date:Apr 20, 1993
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