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RAUCH INDUSTRIES ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

 GASTONIA, N.C., Aug. 16 /PRNewswire/ -- Rauch Industries, Inc. (AMEX: RCH), an American Stock Exchange Company, today announced financial results for the second quarter ended June 30, 1993. Rauch is America's oldest and best-known manufacturer of Christmas tree ornaments and related products.
 Net sales were $2.55 million for the quarter, up 21 percent from $2.10 million for the year earlier quarter. The company's net loss for the quarter was $304,000, or $.12 per share, compared to $265,000, or $.11 per share loss, for the same quarter last year.
 Sales for the first six months of 1993 were $2.64 million, down from $2.86 million for the comparable period in 1992. The net loss for the period was $873,000 or $.35 per share compared to a net loss of $806,000 or $.33 per share in the first six months of 1992.
 The company remains strong financially. Working capital at June 30, 1993, was $21,294,320 as compared to $17,423,855 at June 30, 1992. Book value per common share at June 30, 1993, was $9.07 as compared to $8.02 at June 30, 1992. Inventories at June 30, 1993, were $23.8 million as compared to $22.7 million at June 30, 1992.
 The company derives over 90 percent of its revenue from the manufacture of Christmas decorations. Approximately 90 percent of the company's shipments occur in the third and fourth quarters. Because of the highly seasonal nature of its business, the company's first and second quarters are traditionally loss quarters. The company's profits are generated during the last six months of the calendar year.
 Marshall A. Rauch, chairman, president and chief executive officer of the company, reported that total orders received through the end of June were approximately $38.1 million against $33.6 million at the comparable time last year. As of this date, total orders received during the year have risen to $41.7 million, as compared to $35.4 million at the same time last year.
 -0- 8/16/93
 /CONTACT: Marshall A. Rauch, President and Chief Executive Officer, or Donald G. Walser, Executive Vice President and Treasurer, Rauch Industries, 704-867-5333/
 (RCH)


CO: Rauch Industries, Inc. ST: North Carolina IN: REA SU: ERN

CM -- CH002 -- 2892 08/16/93 08:50 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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