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THOMASTON MILLS, INC. REPORTS THIRD QUARTER RESULTS

 THOMASTON MILLS, INC. REPORTS THIRD QUARTER RESULTS
 THOMASTON, Ga., April 22 /PRNewswire/ -- Thomaston Mills, Inc. (NASDAQ: TMSTA, TMSTB) reported that sales for the quarter ended March 28 were up 32.1 percent to $67,016,070 and net after-tax earnings were $3,930,978 or $1.22 per share.
 For the nine months ended March 28, sales were $183,731,654, up 32.8 percent and net after-tax earnings were $7,969,150 or $2.51 per share.
 Neil Hightower, president and CEO, stated that: "All segments including denim, comforters, sheets and pillowcases, sales yarn, commission finishing, and Rattlers Brand products contributed to these improved results. The increased volume helped to lower fixed cost per unit, and lower cotton prices contributed to improved margins."
 Hightower also commented: "In looking ahead, we are optimistic about the balance of the fiscal year. The order backlog increased significantly in the last quarter, and our customers are pleased with our products. We continue to have a real fine team spirit here at Thomaston Mills, and we are all committed to make Thomaston Mills successful."
 Thomaston Mills, Inc. last week announced a 2-for-1 stock split of its Class A and Class B Common Stock to be effected in the form of a stock dividend payable May 15 on shares held of record as of May 1.
 STATEMENTS OF OPERATIONS (UNAUDITED)
 3 mos. ended 3/28/92 3/30/91
 Net sales $ 67,016,070 $ 50,745,147
 Cost of sales 56,352,968 48,286,294
 Total 10,663,102 2,458,853
 Selling, admin. &
 gen. exps. 4,034,394 3,790,290
 Total 6,628,708 (1,331,437)
 Other income 65,700 78,937
 Total 6,694,408 (1,252,500)
 Interest expense 354,122 472,034
 Income (loss) before
 income taxes 6,340,286 (1,724,534)
 Provision for income
 taxes 2,409,308 (655,323)
 Net income (loss) $ 3,930,978 $ (1,069,211)
 Net income (loss) per
 share of common
 stock $ 1.22 $ (0.34)
 Dividends per share of
 common stock $ 0.11 $ 0.11
 9 mos. ended 3/28/92 3/30/91
 Net sales $183,731,654 $138,402,084
 Cost of sales 158,411,560 129,470,080
 Total 25,320,094 8,932,004
 Selling, admin. &
 gen. exps. 11,560,225 10,496,356
 Total 13,759,869 (1,564,352)
 Other income 207,067 504,479
 Total 13,966,936 (1,059,873)
 Interest expense 1,113,469 1,410,547
 Income (loss) before
 income taxes 12,853,467 (2,470,420)
 Provision for income
 taxes 4,884,317 (938,759)
 Net income (loss) $ 7,969,150 $ (1,531,661)
 Net income (loss) per
 share of common
 stock $ 2.51 $ (0.49)
 Dividends per share of
 common stock $ 0.33 $ 0.33
 -0- 4/22/92
 /CONTACT: Neil H. Hightower, president and CEO of Thomaston Mills, 404-647-7131/
 (TMSTA TMSTB) CO: Thomaston Mills, Inc. ST: Georgia IN: TEX SU: ERN


BR-BN -- AT011 -- 1258 04/22/92 12:07 EDT
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Date:Apr 22, 1992
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