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POLK AUDIO, INC. ANNOUNCES SECOND QUARTER RESULTS

 BALTIMORE, Md., Oct. 20 /PRNewswire/ -- Polk Audio, Inc. (NASDAQ: POLK) announced today sales and earnings for the second quarter ended Sept. 26, 1993.
 For the second quarter, net earnings were $220,945 in 1993 compared to $3,470 in 1992. Earnings per share for these periods were $.13 in 1993 compared with $.00 in 1992. Net sales for the second fiscal quarter were $7,938,796 in 1993 compared with $6,284,422 in 1992, an increase of 26 percent.
 For the first six months, net losses were $24,238 in 1993 compared to $122,900 in 1992. Loss per share for these periods were $.02 in 1993 compared to $.07 in 1992. Net sales for these periods were $14,601,395 in 1993 compared with $12,140,467 in 1992, an increase of 20 percent.
 Polk Audio, Inc. is a manufacturer of high-quality loudspeaker systems, based in Baltimore.
 POLK AUDIO, INC.
 Periods ended Second quarter Six months
 Sept. 26 Sept. 27 Sept. 26 Sept. 27
 1993 1992 1993 1992
 Net sales $7,938,796 $6,284,422 $14,601,395 $12,140,467
 +26 percent +20 percent
 Operating income
 (loss) 289,551 8,509 (102,072) (376,264)
 Net income (loss) 220,945 3,470 (24,238) (122,900)
 Income (loss)
 per share $.13 --- (.02) (.07)
 Weighted average shares
 outstanding 1,649,398 1,624,896 1,600,812 1,669,178
 /delval/
 -0- 10/20/93
 /CONTACT: George M. Klopfer, chief executive officer, or Gary B. Davis, chief financial officer, of Polk Audio, 410-358-3600/


CO: Polk Audio, Inc. ST: Maryland IN: CPR SU: ERN

MP-MJ -- PH016 -- 4545 10/20/93 11:53 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
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