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REVELL-MONOGRAM, INC., REPORTS THIRD QUARTER RESULTS

 MORTON GROVE, Ill., Oct. 22 /PRNewswire/ -- Revell-Monogram, Inc. (AMEX: RVL), today reported net sales of $26.2 million for its third quarter ended Sept. 26, 1993, compared to $29.7 million for the third quarter of 1992. The company reported net income of $854,000, or 18 cents per share, compared to $805,000, or 17 cents per share, for the third quarter of 1992. As previously announced, included in the 1993 third quarter results is an after-tax gain on the sale of the company's Skilcraft product line of $778,000, or 17 cents per share.
 Net sales for the first nine months of fiscal 1993 were $71.3 million, compared to $78.2 million for the same period last year. The company reported net income before an extraordinary item (related to the second quarter refinancing of $16.0 million in bonds) of $161,000, or 3 cents per share, for the first nine months of this year, vs. net income of $381,000, or 8 cents per share, for the first nine months of last year. The net loss after the extraordinary item for the first nine months of 1993 was $651,000, or 14 cents per share.
 Commenting on the quarter, Timothy J. Cawley, chief executive officer, said: "While our core product line, plastic model kits, continued to achieve modest sales increases over last year, our results were affected by both a soft market for die cast products and a weak European economy. During the quarter, we also continued to invest in the development and introduction of Revell CD Power Modeler(TM)." Mr. Cawley also added, "The previously announced sale of the Skilcraft product line will enable the company to better focus on its core business."
 Revell-Monogram, Inc., is the world's leading manufacturer of plastic model kits.
 REVELL-MONOGRAM, INC.
 Consolidated Results of Operations
 Third Quarter Ended Nine Months Ended
 9/26/93 9/27/92 9/26/93 9/27/92
 Net sales $26,194,000 $29,688,000 $71,292,000 $78,172,000
 Operating profit 2,640,000 3,162,000 3,788,000 5,663,000
 Net income before
 extraordinary
 item 854,000 805,000 161,000 381,000
 Extraordinary item-
 costs associated
 with the early
 extinguished of
 debt, net of
 applicable income
 taxes -- -- (812,000) --
 Net income (loss) $854,000 $805,000 $(651,000) $381,000
 Income (loss)
 per share:
 Income before
 extraordinary
 item $0.18 $0.17 $0.03 $0.08
 Extraordinary Item -- -- (0.17) --
 Net income (loss) $0.18 $0.17 $(0.14) $0.08
 Number of shares
 used in computing
 earnings per share 4,714,056 4,706,726 4,709,451 4,706,632
 -0- 10/22/93
 /CONTACT: Ted Eischeid, president of Revell-Monogram, Inc., 708-966-3500, or Dawn Dover or Jim Fingeroth of Kekst and Company, 212-593-2655/
 (RVL)


CO: Revell-Monogram, Inc. ST: Illinois IN: HOU SU: ERN

TW -- NY014 -- 5594 10/22/93 09:03 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:486
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