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RAUCH INDUSTRIES ANNOUNCES THIRD QUARTER FINANCIAL RESULTS

 RAUCH INDUSTRIES ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
 GASTONIA, N.C., Nov. 5 /PRNewswire/ -- Rauch Industries, Inc. (NASDAQ-NMS: RCHI), a NASDAQ traded company, today announced financial results for the third quarter of 1992, ended Sept. 30, 1992. Rauch is America's oldest and best-known manufacturer of Christmas tree ornaments and related products.
 Net sales were $19.8 million for the quarter, up 1 percent from $19.7 million for the year earlier quarter. The company's net income for the quarter was $2.16 million, or $.88 per share, as compared to net income of $2.02 million, or $.82 per share for the third quarter of 1991.
 Inventories, accounts payable, and short-term debt at Sept. 30, 1992, were all up compared to 1991 balances on that date. This increase resulted from additional purchases in our new Magic and Victoria imported categories. Because of the seasonal nature of the company's business, the majority of it shipments occur in the third and fourth quarters of the year.
 Marshall A. Rauch, chairman, president and chief executive officer of the company, reported that total orders received through the end of September were approximately $41.0 million against $37.0 million at the comparable time last year. As of this date, total orders received during the year have risen to $41.4 million, as compared to $37.8 million at the same time last year.
 Sales for the first nine months of 1992 were $22.7 million, up from $22.2 million for the comparable period in 1991, an increase of 2 percent. Net income for the nine month period of 1992 was $1.4 million or $.55 per share, the same as last year.
 Rauch earned $2.8 million, or $1.13 per share in 1991 on net sales of $37.8 million. All of the per share amounts described in this release have been adjusted for a three-for-two stock split that was paid to shareholders on June 5, 1992.
 -0- 11/5/92
 /CONTACT: Marshall A. Rauch, president and chief executive, or Donald G. Walser, executive vice president and treasurer of Rauch Industries, 704-867-5333/
 (RCHI) CO: Rauch Industries, Inc. ST: North Carolina IN: REA SU: ERN


AW-JB -- CH026 -- 2977 11/05/92 10:29 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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