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NATIONAL R.V. HOLDINGS, INC. ANNOUNCES SECOND QUARTER RESULTS

 PERRIS, Calif., Jan. 11 /PRNewswire/ -- National R.V. Holdings Inc. (NASDAQ: NRVH) announced today its earnings for the second quarter and first half of fiscal 1994. Nem?e for the second quarter increased to $783,000, or $.37 per share, compared to $231,000, or $.15 per share, in the second quarter last year. Net income for the first six months was $1,334,000, or $.74 per share, compared to $421,000, or $.28 per share for the first six months of fiscal 1993.
 Net sales for the second quarter rose to $16,153,000, up $7,390,000, or 84.3 percent, from the second quarter of fiscal 1993. For the first six months of fiscal 1994, net sales increased $13,943,000, or 72.6 percent, to $33,144,000, the highest first-half net sales in the company's history. This compares to $19,201,000 for the first six months of fiscal 1993.
 Wayne Mertes, National R.V.'s president and chief executive officer, stated, "The record sales reflects the strong demand for our new products introduced over the past 18 months. We will continue to offer features and floor plans that satisfy the changing trends in consumer demand, and deliver our products with more value for the dollar."
 NATIONAL R.V. HOLDINGS INC.
 Consolidated Summaries of Earnings
 (Unaudited)
 Three Months Ended
 Nov. 30,
 1993 1992
 Net sales 16,153,000 8,763,000
 Gross profit 2,260,000 1,225,000
 Income before taxes 1,173,000 280,000
 Provision for taxes 390,000 49,000
 Net income 783,000 231,000
 Earnings per share
 Primary .37 .15
 Fully diluted .34 .14
 Average common shares
 outstanding
 Primary 2,100,543 1,501,350
 Fully diluted 2,281,264 1,668,165
 Six Months Ended
 Nov. 30,
 1993 1992
 Net Sales 33,144,000 19,201,000
 Gross Profit 4,379,000 2,442,000
 Income before taxes 2,146,000 513,000
 Provision for taxes 812,000 92,000
 Net income 1,334,000 421,000
 Earnings per share
 Primary .74 .28
 Fully diluted .68 .26
 Average common shares
 outstanding
 Primary 1,799,309 1,501,350
 Fully diluted 1,973,040 1,668,165
 -0- 1/11/94
 /CONTACT: Ken Ashley, CFO of National R.V. Inc., 909-943-6007, ext. 213/
 (NRVH)


CO: National R.V. Holdings Inc. ST: California IN: AUT SU: ERN

EH-MF -- LA020 -- 1010 01/11/94 12:59 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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