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THOMASTON MILLS, INC. REPORTS EARNINGS

 THOMASTON MILLS, INC. REPORTS EARNINGS
 THOMASTON, Ga., Oct. 28 /PRNewswire/ -- Neil Hightower, president


and CEO of Thomaston Mills, Inc. (NASDAQ: TMSTA, TMSTB), reported earnings of $3,602,912 or $.55 per share for the first fiscal quarter ended Oct. 3, compared to $1,077,778 or $.17 per share in the same quarter a year ago.
 First quarter sales were $70,530,905 reflecting an increase of 29 percent over last year's first fiscal quarter sales of $54,504,872. There was one additional week in the quarter compared to a year ago; and on a weekly basis, sales were up 20 percent.
 According to Hightower, sales increased in all areas of the business with the greatest dollar increase being in the Consumer Products area. Demand for all of the company's products were strong in the first quarter.
 Site preparation for the previously announced comforter and bedding accessory manufacturing facility should begin next month. Conversion of the Peerless Mill to air jet spinning is complete and there is no ring spinning left at Thomaston Mills.
 Hightower also said: "Our aggressive capital expenditure program is paying off, and the company is focused on being the low cost producer of high value added products. The current fiscal year is shaping up to be another fine year for Thomaston Mills, Inc."
 STATEMENTS OF INCOME (UNAUDITED)
 3 mos. ended 10/3/92 9/28/91
 Net sales $ 70,530,905 $ 54,504,872
 Cost of sales 59,497,149 48,913,097
 Total 11,033,756 5,591,775
 Selling, admin. &
 gen. exps. 4,805,904 3,529,951
 Total 6,227,852 2,061,824
 Other income 126,818 80,057
 Total 6,354,670 2,141,881
 Interest expense 543,521 403,530
 Income before income
 taxes 5,811,149 1,738,351
 Provision for income
 taxes 2,208,237 660,573
 Net income $ 3,602,912 $ 1,077,778
 Average number shares 6,536,323 6,300,102
 Data per share:
 Net income $ 0.55 $ 0.17
 Dividends paid $ 0.060 $ 0.055
 -0- 10/28/92
 /CONTACT: Neil H. Hightower, president and CEO of Thomaston Mills, Inc., 706-647-7131/
 (TMSTA TMSTB) CO: Thomaston Mills, Inc. ST: Georgia IN: TEX SU: ERN


EA-BN -- AT010 -- 6024 10/28/92 12:56 EST
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Date:Oct 28, 1992
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