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RAUCH INDUSTRIES ANNOUNCES FIRST QUARTER FINANCIAL RESULTS

 RAUCH INDUSTRIES ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
 GASTONIA, N.C., May 13 /PRNewswire/ -- Rauch Industries, Inc. (NASDAQ-NMS: RCHI), today announced sales and earnings for the first quarter ended March 31, 1992. Rauch Industries is America's oldest and best-known manufacturer of Christmas tree ornaments and related products.
 Net sales were $745,518, up 14 percent from $653,573 for the year-earlier quarter. This increase resulted from increases in the Company's Easter shipments. The Company's net loss for the quarter was $548,000 compared to $452,000 in the same quarter last year. The Company had a loss of $.33 per share during the past quarter compared to a loss of $.28 per share for the same quarter of last year.
 Because of the seasonal nature of its business, a significant part of the Company's profits are earned in the third and fourth quarters. Historically, it has operated at a loss for the first two quarters of the year.
 Inventories at March 31, 1992 were $14.4 million as compared to $13.2 million on the same date in 1991. These inventory amounts are in line with the Company's expectations.
 Marshall Rauch, the Company's President, reported that orders on hand at the end of March were approximately $13 million as compared to $6 million at the same time last year. As of this date, orders have risen to approximately $21 million against $19 million at the same time last year. It is still too early in the year to determine what total sales will be for the year.
 Rauch Industries earned $2.8 million or $1.70 per share in fiscal 1991 on sales of $37.8 million. This was an increase of 12 percent over earnings of $2.5 million, or $1.53 per share, for the prior year and an increase of 2 percent over sales of $37.1 million in 1990.
 -0- 5/13/92
 /CONTACT: Marshall A. Rauch, President and Chief Executive, or Donald G. Walser, Executive VP and Treasurer, Rauch Industries, Inc., 704-867-5333/
 (RCHI) CO: Rauch Industries, Inc. ST: North Carolina IN: SU:


JZ -- CH012 -- 9866 05/13/92 16:04 EDT
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Publication:PR Newswire
Date:May 13, 1992
Words:355
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