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PLY GEM ANNOUNCES FIRST QUARTER RESULTS

 NEW YORK, May 4 /PRNewswire/ -- Ply Gem Industries, Inc. (AMEX: PGI) today announced its results for the first quarter ended March 31, 1993.
 Sales reached another first quarter record of $146,347,000, a 14 percent increase over last year's $128,044,000. Gross profits increased to $26,009,000, a 15 percent advance over last year's $22,624,000. Ply Gem normally posts a first quarter net loss due to the inherent seasonality of the home improvement business. However, the strong sales increase enabled Ply Gem to report a lower loss this year of $2,046,000 or 19 cents per share, a 23 percent improvement over the first quarter 1992 loss of $2,673,000 or 25 cents per share.
 Commenting on the first quarter results, Chairman Jeffrey S. Silverman said, "Our first quarter results herald the beginning of what we anticipate to be a great year for Ply Gem. Customer service excellence has led to increased sales to the national home center chains and is the key to our current and future prosperity. I am very proud of the hard work and dedication of all our employees at the Ply Gem Companies in making our Teamwork 90s programs a success."
 PLY GEM INDUSTRIES, INC.
 Consolidated Condensed Earnings Summary
 (Unaudited, in thousands, except per share data)
 Three months ended March 31 1993 1992
 Net sales $146,347 $128,044
 Cost of sales 120,338 105,420
 Gross profit 26,009 22,624
 Selling, general and administrative 26,098 23,672
 Operating loss (89) (1,048)
 Interest expense (2,392) (2,482)
 Investment and other income (expense) (42) (150)
 Amortization of intangibles (1,196) (1,181)
 Pretax loss (3,719) (4,861)
 Income tax benefit (1,673) (2,188)
 Net loss (2,046) (2,673)
 Earnings (loss) per share:
 Primary ($.19) ($.25)
 Fully diluted ($.19) ($.25)
 Average shares outstanding:
 Primary 10,576 10,517
 Fully diluted 10,576 10,517
 -0- 5/4/93
 /CONTACT: Diane M. Cady, director-investor relations of Ply Gem Industries, Inc., 212-832-1550/
 (PGI)


CO: Ply Gem Industries, Inc. ST: New York IN: SU: ERN

SM-TS -- NY013 -- 4173 05/04/93 09:03 EDT
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Publication:PR Newswire
Date:May 4, 1993
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