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NATIONAL R.V. HOLDINGS INC. ANNOUNCES FIRST QUARTER EARNINGS

 PERRIS, Calif., Oct. 6 /PRNewswire/ -- National R.V. Holdings Inc. (NASDAQ: NRVH) announced today its net sales and income for the first quarter of fiscal 1994. Net sales for the quarter ended Aug. 31, 1993, increased approximately 60 percent to $16,991,000 from $10,438,000 for the same period last year. Net income for the first quarter of fiscal 1994 was $552,000 or $.37 per share (primary) compared to $190,000 or $.13 per share (primary) for the first quarter of last year.
 Wayne M. Mertes, National R.V.'s president and chief executive officer, stated that the record sales reflected increasingly strong demand for the company's products. National R.V. designs, manufactures and markets motorhomes under its tradenames Dolphin, Sea Breeze and Tropi-Cal.
 NATIONAL R.V. HOLDINGS INC.
 Consolidated Selected Financial Information
 (Unaudited)
 Three Months Ended Aug. 31,
 1993 1992
 Net Sales 16,991,000 10,438,000
 Gross Profit 2,119,000 1,216,000
 Income before income taxes 974,000 233,000
 Provision for income taxes 422,000 43,000
 Net Income 552,000 190,000
 Net Income per share:
 Primary .37 .13
 Fully diluted .33 .12
 Average common shares
 outstanding(a):
 Primary 1,501,350 1,501,350
 Fully diluted 1,668,165 1,668,165
 (a) Does not include 805,000 shares of common stock (including the underwriter's over-allotment option) offered by National R.V. in its initial public offering on Sept. 29, 1993.
 -0- 10/6/93
 /CONTACT: Ken Ashley, chief financial officer of National R.V., 909-943-6007, ext. 213/
 (NRVH)


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

EH -- LA019 -- 9405 10/06/93 14:26 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
Words:281
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