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LUND INTERNATIONAL HOLDINGS ANNOUNCES SALES AND EARNINGS FOR SECOND QUARTER ENDED DEC. 31, 1991

 LUND INTERNATIONAL HOLDINGS ANNOUNCES SALES AND EARNINGS
 FOR SECOND QUARTER ENDED DEC. 31, 1991
 MINNEAPOLIS, Jan. 22 /PRNewswire/ -- Lund International Holdings, Inc. (NASDAQ: LUND) announced sales and earnings for the second quarter ended Dec. 31, 1991. Net sales for the second quarter were $3,923,507 compared to $2,980,613 for the same period last year. Net income was $349,043 or $.08 per share compared to $42,796 or $.01 per share for the same period in 1990. Sales and net income for the six months ended Dec. 31, 1991 were $7,508,005 and $780,158, respectively. These compared to $5,948,428 and $134,204 for the same period in 1990. Earnings per share were $.18 for six months ended Dec. 31, 1991, compared to $.03 for the six months ended Dec. 31, 1990.
 The increase in net sales was attributed to a continued acceptance of Lund products throughout the industry. The increase in net income was attributed to a reduction in selling and marketing costs resulting from the closing of the Canadian office, increased efficiencies in domestic marketing expenditures as well as a reduction in patent related costs.
 One hundred percent of the sales came from Lund Industries, Inc., a wholly owned subsidiary of Lund International Holdings, Inc. Lund Industries, Inc. is a manufacturer of add-on accessories for trucks and vans. Its product line is marketed through various automotive warehouse distributors throughout the United States and Canada.
 The corporation is headquartered at 9055 Evergreen Boulevard, Coon Rapids, Minn. 55433.
 LUND INTERNATIONAL HOLDINGS, INC.
 COMPARATIVE CONDENSED FINANCIAL INFORMATION
 (Unaudited)
 Three Months Ended Six Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net sales $3,923,507 $2,980,613 $7,508,005 $5,948,428
 Percentage change 32 --- 26 ---
 Income before taxes 551,781 67,542 1,232,200 214,536
 Income taxes 202,738 24,746 452,042 80,332
 Net income $349,043 $42,796 $780,158 $134,204
 Percentage change 716 --- 481 ---
 Earnings per share $.08 $.01 $.18 $.03
 -0- 01/22/92
 /CONTACT: Terry L. Beilke of Lund International Holdings, 612-780-2520/
 (LUND) CO: Lund International Holdings, Inc ST: Minnesota IN: SU: ERN


KH -- MN023 -- 2539 01/22/92 18:00 EST
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Publication:PR Newswire
Date:Jan 22, 1992
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