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ROYAL APPLIANCE ANTICIPATES SECOND QUARTER LOSS

 CLEVELAND, June 18 /PRNewswire/ -- Royal Appliance Mfg. Co. (NYSE: RAM), maker of the Dirt Devil(R) vacuum cleaners, reported today that the company is continuing to experience lower sales and lower production volumes and that the company expects to incur another substantial quarterly loss in the quarter ending June 30, 1993. The company previously reported a net loss per share of $.28 for the first quarter of 1993. The company will release its second quarter results on July 26, 1993.
 The company's sales have been negatively affected by, among other things, the sluggish retail environment and heightened competition. Sales and earnings for the second half of 1993 may also fall below the second half of 1992 results. It is uncertain whether the company will make a profit for 1993 as a whole.
 The company develops, assembles and markets a full line of vacuum cleaners for home and commercial use under the Dirt Devil(R) and Royal(R) brand names. The company's executive offices are located at 650 Alpha Dr., Cleveland, Ohio 44143.
 Due to the highly seasonal nature of the company's business, particularly the critical fourth quarter holiday season, it is the company's policy not to make any annual or quarterly sales or earnings projections for external use and not to endorse any analysts's sales or earnings estimates.
 -0- 6/18/93
 /CONTACT: Michael J. Merriman, vice president - finance, or Richard G. Vasek, controller, both of Royal Appliance Mfg. Co., 216-449-6150/
 (RAM)


CO: Royal Appliance Mfg. Co. ST: Ohio IN: MAC SU: ERP

AR -- CL007 -- 3605 06/18/93 13:31 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
Words:262
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