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REVELL-MONOGRAM, INC. REPORTS FIRST QUARTER RESULTS

 MORTON GROVE, Ill., April 28 /PRNewswire/ -- Revell-Monogram, Inc. (AMEX: RVL), today reported results for the first quarter of fiscal 1993. Net sales for the quarter ended March 28, 1993, were $25.8 million, compared with $26.5 million in the prior year quarter. Net earnings for the quarter were $392,000, or $0.08 per share, compared with $489,000, or $0.10 per share, in the first quarter of 1992.
 "Product mix has moved toward higher margin items and domestic sales were near 1992 first quarter levels; however, the recession throughout Europe impacted sales of Revell AG, our 51-percent-owned European subsidiary," said Timothy J. Cawley, chief executive officer. "Our cost reduction and inventory management programs are yielding results, reflected in decreased operating expenses and lower inventory balances for the quarter. We look forward to the full-scale implementation of our previously announced restructuring plan later in the year, which is expected to generate additional savings."
 Revell-Monogram is the world's largest maker of plastic model kits.
 REVELL-MONOGRAM, INC.
 Results of Operations
 First quarter ended 3/28/93 3/29/92
 Net sales $25,821,000 $26,535,000
 Operating profit 2,430,000 2,607,000
 Net earnings $ 392,000 $ 489,000
 Earnings per share $0.08 $0.10
 -0- 4/28/93
 /CONTACT: Ted Eischeid, president of Revell-Monogram, 708-966-3500; or Dawn Dover or Jim Fingeroth of Kekst and Company, 212-593-2655, for Revell-Monogram/
 (RVL)


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

GK -- NY018 -- 1820 04/28/93 09:14 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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