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SUMMA INDUSTRIES ANNOUNCES FIRST QUARTER EARNINGS

 FULLERTON, Calif., Jan. 11 /PRNewswire/ -- For the three months ended Nov. 30, 1993, Summa Industries (NASDAQ: SUIN; formerly Morehouse Industries, NASDAQ: MIXS) reports earnings of $231,000 or $0.15 per share (restated for a reverse split on Dec. 22, 1993) on sales of $3,253,000, vs. earnings of $143,000 or $0.14 per share (restated) on sales of $2,147,000 for the quarter ended Nov. 30, 1992.
 The increase in sales was primarily attributable to the inclusion of subsidiary KVP Systems Inc. which was acquired July 30, 1993.
 SUMMA INDUSTRIES
 First Quarter Ended Nov. 30,
 1993 1992
 Net sales $3,253,000 $2,147,000
 Net income before extraordinary
 item and cumulative effect 131,000 103,000
 Extraordinary item --- 40,000
 Cumulative effect of accounting change 100,000 ---
 Net income $231,000 $143,000
 Net income per share:
 Net income before extraordinary
 item and cumulative effect of
 accounting change $0.09 $0.10
 Extraordinary item --- 0.04
 Cumulative effect of accounting change $0.06 ---
 Net income restated for reverse split on
 Dec. 22, 1993 $0.15 $0.14
 Summa Industries companies manufacture proprietary equipment and engineering industrial products.
 -0- 1/11/94
 /CONTACT: Jim Swartwout, 714-738-5000/
 (SUIN MIXS)


CO: Summa Industries; Morehouse Industries ST: California IN: SU: ERN

LS-MF -- LA015 -- 0863 01/11/94 09:10 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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