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THOMASTON MILLS REPORTS RESULTS

 THOMASTON, Ga., April 27 /PRNewswire/ -- Thomaston Mills, Inc. (NASDAQ: TMSTA TMSTB) today issued the following report to its shareholders:
 "We are pleased to report that sales for Thomaston Mills, Inc. were up 5.6 percent to $70,788,499 for the third fiscal quarter ended April 3, 1993. The company earned $3,814,168 net after taxes or $.58 per share for the quarter.
 "Nine month sales were $206,724,338, up 12.5 percent, and net after tax earnings were $11,241,031 or $1.72 per share, compared to $7,969,150 or $1.26 per share for the nine month period last year.
 "Capacity utilization for the quarter just ended was very good with the exception of sales yarn. Production was reduced slightly on yarn to control inventory. The denim market has been particularly strong, and prospects for denim continue favorable.
 "Grading is complete for the new 250,000 square foot Lakeside Comforter Plant, and foundations are being poured. The plant is scheduled to begin production in about a year, but real contributions to sales and earnings will not occur until fiscal year ending June 1995.
 "Capital expenditures for the current fiscal year will come in very close to the $20.0 million that has been budgeted. The company is committed to an aggressive capital expenditure program which will keep Thomaston Mills competitive in cost and quality.
 "Thomaston Mills is on track for another outstanding year in sales and earnings. The company is fast becoming one of the most modern textile companies in America, and with the fine team spirit of our able work force, the future looks very positive."


/s/ Neil H. Hightower President and Chief Executive Officer
 STATEMENTS OF INCOME (UNAUDITED)
 3 mos. ended 4/3/93 3/28/92
 Net sales $ 70,788,499 $ 67,016,070
 Cost of sales 59,789,353 56,352,968
 Total 10,999,146 10,663,102
 Selling, admin. & general expenses 4,309,155 4,034,394
 Total 6,689,991 6,628,708
 Other income 112,547 65,700
 Total 6,802,538 6,694,408
 Interest expense 650,655 354,122
 Income before income taxes 6,151,883 6,340,286
 Provison for income taxes 2,337,715 2,409,308
 Net income $ 3,814,168 $ 3,930,978
 Average number shares 6,575,695 6,425,236
 Data per share:
 Net income $ 0.58 $ 0.61
 Dividends paid $ 0.060 $ 0.055
 9 mos. ended 4/3/93 3/28/92
 Net sales $206,724,338 $183,731,654
 Cost of sales 173,990,894 158,411,560
 Total 32,733,444 25,320,094
 Selling, admin. & general expenses 13,324,291 11,560,225
 Total 19,409,153 13,759,869
 Other income 376,000 207,067
 Total 19,785,153 13,966,936
 Interest expense 1,654,458 1,113,469
 Income before income taxes 18,130,695 12,853,467
 Provison for income taxes 6,889,664 4,884,317
 Net income $ 11,241,031 $ 7,969,150
 Average number shares 6,548,987 6,330,538
 Data per share:
 Net income $ 1.72 $ 1.26
 Dividends paid $ 0.180 $ 0.165
 -0- 4/27/93
 /CONTACT: Neil H. Hightower of Thomaston Mills, 706-647-7131/
 (TMSTA TMSTB)


CO: Thomaston Mills, Inc. ST: Georgia IN: TEX SU: ERN

BN-CF -- AT011 -- 1425 04/27/93 13:11 EDT
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Date:Apr 27, 1993
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