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RSI HOLDINGS ANNOUNCES RESULTS

 RSI HOLDINGS ANNOUNCES RESULTS
 GREENVILLE, S.C., Jan. 16 /PRNewswire/ -- RSI Holdings, Inc.


(NASDAQ: RSIH) announces the following:
 SUMMARY OF OPERATIONS
 ($000 except per share data)
 First Quarter Ended
 Nov. 30,
 1991 1990
 Net sales $ 6,090 $14,266
 (Loss) income from
 continuing operations (1,627) 144
 Income (loss) from
 discontinued operations 1,357 (15)
 Net (loss) income (270) 129
 (Loss) income per share: (A)
 (Loss) income from
 continuing operations $(.20) $.02
 Income from discontinued
 operations .17 .00
 Net (loss) income $(.03) $.02
 (A) Income (loss) per share computed on the basis of the weighted average number of shares outstanding during each period.
 The Company experienced a sharp reduction in net sales that resulted in a net loss during the three months ended Nov. 30, 1991. The reduction in net sales primarily resulted from delays in shipments of outdoor power equipment to the Company's dealers until later quarters of fiscal 1992. In addition, net sales of turf care products to golf courses and other users experienced a reduction of approximately 27 percent.
 The Company is pleased to report that a consent decree and judgement was entered on Dec. 31, 1991 pursuant to which a subsidiary of the Company is entitled to receive a $705,000 cash settlement and relief from any future liability relating to the clean-up of pollutants at a site located on its formerly owned manufacturing facility located in California. The elimination of the $770,000 accrued liability that was previously provided for the future clean-up of legal costs in connection with the site and the $705,000 cash settlement, net of legal and administrative expenses in connection with the clean-up and action of approximately $118,000, was recorded as income from discontinued operations during the three months ended Nov. 30, 1991. Accordingly, the results for the three months ended Nov. 30, 1991 include income from discontinued operations of $1,357,000 or $.17 per share as compared to a loss from discontinued operations of $(15,000) or $.00 per share during the three months ended Nov. 30, 1990.
 -0- 1/16/92
 /CONTACT: Joe F. Ogburn, RSI Holdings, Inc., 803-271-7171/
 (RSIH) CO: RSI Holdings, Inc. ST: South Carolina IN: SU: ERN


CM -- CH015 -- 0701 01/16/92 16:29 EST
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Date:Jan 16, 1992
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