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THE RIVAL CO. REPORTS INCREASE IN EARNINGS

 KANSAS CITY, Mo., Oct. 18 /PRNewswire/ -- The Rival Co. (NASDAQ: RIVL) reported a 43 percent increase in sales and a 25 percent increase in earnings for the quarter ended Sept. 30, 1993 compared to the like quarter of the prior year.
 Net earnings for the quarter ended Sept. 30, 1993 were $3.7 million (39 cents per share) compared to $2.9 million (31 cents per share) in the prior year. Sales increased by 43 percent to $56.6 million. The higher sales and earnings were largely attributable to the acquisitions of Simer Pump in September 1992 and Pollenex Corp. in April 1993, however, sales of the Rival(R) brand kitchen appliances also increased. Simer Pump continued record sales due to the heavy rains in July and August in the Midwest.
 Operating margins as a percentage of sales decreased for the quarter from 14.5 percent to 12.6 percent due to one time expenditures from the Pollenex acquisition and the secondary stock offering. The company also incurred significant costs related to the now completed environmental clean-up at the company's Mississippi facility.
 Thomas K. Manning, president and chief executive officer, said, "We are pleased by the progress we've made with the integration of the Pollenex business. Considering the increased sales resulting from the Pollenex product lines together with modest sales growth in Rival, we are optimistic for the balance of the year."
 The Rival Co. is a leading designer, manufacturer and marketer of small household appliances, personal care appliances and sump, well and utility pumps. The company sells its products under the Rival(R), Simer(R) and Pollenex(R) brand names.
 THE RIVAL CO.
 (in thousands, except per share data)
 unaudited
 Quarter Ended
 Sept. 30,
 1993 1992
 Sales $56,566 $39,408
 Net income 3,696 2,863
 Net income per share $0.39 $0.31
 Average common and common
 equivalent shares outstanding 9,455 9,411
 -0- 10/18/93
 /CONTACT: Bill Yager or Stan Biggs of The Rival Co., 816-943-4100/
 (RIVL)


CO: The Rival Co. ST: Missouri IN: SU: ERN

MC -- DV010 -- 3449 10/18/93 14:00 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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