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PLY GEM ANNOUNCES FOURTH QUARTER AND YEAR-END 1991 RESULTS; SALES HIT NEW RECORD LEVEL AS PROFITS INCREASE 27 PERCENT

 PLY GEM ANNOUNCES FOURTH QUARTER AND YEAR-END 1991 RESULTS;
 SALES HIT NEW RECORD LEVEL AS PROFITS INCREASE 27 PERCENT
 NEW YORK, Feb. 18 /PRNewswire/ -- Ply Gem Industries, Inc. (AMEX: PGI) today announced its results for the fourth quarter and year ended Dec. 31, 1991.
 Sales for the fourth quarter advanced 12 percent to $130,967,000 from last year's $117,217,000. Net income was solid $1,227,000 or $.12 per share fully diluted compared to a 1990 fourth quarter loss of $2,042,000 or 20 cents loss per share diluted.
 Although the building materials industry was hard hit by the economic recession during 1991, Ply Gem attributed its strong performance to its position in the home improvement sector and the success of its TEAMWORK 90s growth strategy.
 For the year ended Dec. 31, 1991 sales rose to a new record of $561,550,000 from last year's record sales of $545,511,000. Net income increased 27 percent to $4,039,000 or 39 cents per share fully diluted, up from $3,175,000 or 31 cents a year ago.
 "We have the products, the people and the financial strength to achieve our current growth objectives within our existing businesses. Ply Gem is very well positioned to increase its market share in the home improvement industry. We anticipate a strong improvement in bottom-line earnings for 1992," said Jeffrey S. Silverman, chairman of Ply Gem Industries, Inc.
 PLY GEM INDUSTRIES, INC.
 Consolidated Condensed Earnings Summary
 (In thousands, except for per share data)
 Periods ended Three months Year
 Dec. 31 1991 1990(A) 1991 1990(A)
 Net sales $130,967 $117,217 $561,550 $545,511
 Gross profit 32,122 27,960 129,085 123,495
 Operating income 5,495 1,439 25,497 25,955
 Pretax income (loss) 2,437 (3,216) 7,759 5,522
 Net income (loss) 1,227 (2,042) 4,039 3,175
 Earnings per share:
 Primary $.12 $(.20) $.39 $.31
 Fully diluted .12 (.20) .39 .31
 Avg. shares outstg.:
 Primary 10,567 10,180 10,424 10,379
 Fully diluted 13,507 10,180 13,448 13,132
 (A) -- 1990 results included an unusual charge of $4,239,000 for facility consolidations and asset write-downs.
 -0- 2/18/92
 /CONTACT: Diane M. Cady of Ply Gem Industries, 212-832-1550/
 (PGI) CO: Ply Gem Industries Inc. ST: New York IN: CST SU: ERN


TS-SH -- NY006 -- 9752 02/18/92 09:00 EST
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Date:Feb 18, 1992
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