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THE RIVAL CO. REPORTS POSITIVE THIRD QUARTER EARNINGS

 KANSAS CITY, Mo., April 19 /PRNewswire/ -- The Rival Co. (NASDAQ: RIVL) reported positive earnings for the third quarter compared to a loss for the like period last year.
 Net earnings for the quarter ended March 31, 1993, were $1.8 million (18 cents per share) compared to loss of $0.2 million (8 cents per share) in the prior year. For the nine months ended March 31, 1993, net earnings improved 64 percent to $10.4 million ($1.10) from $6.3 million (98 cents) in the prior year. The earnings per share for the current period are based upon 9.4 million shares outstanding as compared to 5.6 million in the prior year as a result of the company's IPO in June 1992.
 Sales increased 38 percent over the prior years quarter to $41.4 million. The primary reason for the increase was due to sales of Simer pumps; however, sales of the company's basic kitchen appliances also increased over the prior year.
 Operating margins as a percentage of sales increased for the quarter from 5.7 percent to 9.3 percent due to lower seasonal manufacturing variances as a result of the increased sales.
 The Simer Pump acquisition which was completed on Sept. 15, 1992, added significantly to sales and earnings. Thomas K. Manning, president and chief executive officer, said, "Pump sales are normally strong during the spring season; however, heavy rains across the country have resulted in better than projected sales. We are also quite pleased with modest increases in our basic kitchen appliance business, and we are hopeful that recent product enhancements in this area of our business will continue positive trends for the remainder of the calendar year."
 On March 29, 1993, the company announced that it had entered into a letter of intent to acquire the assets of Pollenex Corp. a $28 million marketer of massagers, showerheads and air cleaners. Manning said, "We are continuing to work toward a closing of the transaction; however, at this time, we have little news to report as we have not yet signed a definitive acquisition agreement."
 The Rival Co. is a leading manufacturer and marketer of small household appliances. The company sells approximately 20 different product lines of kitchen heating appliances, kitchen motor-driven appliances, and other small electrics. Its products include slow cookers (Crock Pot(R)), can openers, ice cream freezers, steamers, and Simer pumps. Over 90 percent of the products sold by the company are manufactured by the company in the United States.
 THE RIVAL CO.
 (in thousands, except per share data)
 Quarter Ended Nine Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 Sales $41,429 $29,954 $146,371 $139,481
 Net earnings/(loss) 1,751 (233) 10,371 6,316
 Net earnings/(loss)
 to common shareholders 1,751 (482) 10,371 5,570
 Net earnings/(loss)
 per share $0.18 $(0.08) $1.10 $0.98
 Average common and common
 equivalent shares
 outstanding 9,411 5,681 9,411 5,681
 -0- 4/19/93
 /CONTACT: Bill Yager or Stan Biggs of The Rival Co., 816-943-4100/
 (RIVL)


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

MC -- DV006 -- 7307 04/19/93 10:57 EDT
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Date:Apr 19, 1993
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