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TJ INTERNATIONAL ANNOUNCES SURGE IN SALES, CUTS LOSS IN HALF

 TJ INTERNATIONAL ANNOUNCES SURGE IN SALES, CUTS LOSS IN HALF
 BOISE, Idaho, April 14 /PRNewswire/ -- TJ International (NASDAQ: TJCO) announced today that its first-quarter sales jumped by 67 percent. While still losing money, the higher volume combined with previously implemented overhead cost reductions cut last year's first- quarter loss in half.
 Sales for the quarter increased to $75.6 million from $45.3 million last year. The net loss was $806,000, or 16 cents per share fully diluted, compared with a loss of $1.9 million, or 33 cents per share fully diluted, in last year's depressed first quarter.
 "Prospects are definitely looking up for our company and its products, both in the short- and long-term," commented President and Chief Executive Officer Walt Minnick. "The deepest recession in our industry since 1945 finally seems to be ending. Our sales rebound was uniformly distributed, encompassing all residential product lines and all of our major geographic market areas."
 He continued: "We would have made money, had it not been for rapidly rising prices for wood raw material and continuing costs associated with the start-up of two new engineered wood technologies at the company's Trus Joist MacMillan joint venture partnership. The first-quarter's sharply higher wood
fiber costs are now being passed on to our customers. We should be solidly in the black next quarter."
 Minnick also stated that higher wood prices create an environment where engineered wood products, which use less of this valuable raw material, become increasingly cost competitive. He indicated that Trus Joist MacMillan was making steady progress at its parallel strand lumber and laminated strand lumber manufacturing facilities. The primary challenge has now shifted from production to creating the demand necessary to complete both start-ups as scheduled.
 On the wood window side of the business, Minnick anticipates positive developments from the recently completed acquisition of Quebec-based wood and vinyl window manufacturer Laflamme and Freres. "It materially broadens our product line, cements our market leadership in Canada, and should accelerate our market share growth in the northeastern U.S.," he said.
 TJ International, a Boise-based specialty building products company, is the majority owner and managing partner of Trus Joist MacMillan, a structural composite lumber joint venture with MacMillan Bloedel (NASDAQ: MMBLF). TJ International also manufactures and markets wood windows through its Dashwood, Laflamme and Norco subsidiaries.
 -0- 4/14/92
 /CONTACT: Walt Minnick, 208-345-8500, or after hours, 208-345-3036, or Russ Stoddard, 208-345-8500, or after hours, 208-336-8450, both of TJ International/
 (TJCO) CO: TJ International ST: Idaho IN: PAP SU:


LM-SC -- SE004 -- 8092 04/14/92 09:14 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
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