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TOASTMASTER REPORTS FIRST QUARTER RESULTS

 COLUMBIA, Mo., April 23 /PRNewswire/ -- Toastmaster Inc. (NYSE: TM), manufacturer of electrical consumer appliances and time pieces, today reported increased sales for the first quarter of 1993.
 Sales for the quarter ended March 31, 1993, increased 5 percent from $26.3 million in 1992 to $27.5 million in 1993. A net loss for the three months ended March 31, 1993 was $(.2) million or (2 cents) per share, compared to a net loss of $(.1) million or (2 cents) per share for the three months ended March 31, 1992.
 "We are pleased with our first quarter results," said Robert H. Deming, chairman of the board of directors. "We began initial shipments of many of the new products introduced in January. Sales of the Bread Box(TM) breadmakers, the Cool Edge Grill(TM) and new clocks were particularly strong. Unseasonable weather conditions have continued to negatively affect environmental product sales, which revenues represented less than 8 percent of total revenues for the quarter."
 Daniel J. Stubler, president and chief operating officer, said, "The company continues to adjust production schedules to bring inventory levels in line with current demand for kitchen countertop appliances and environmental products. This is likely to have an effect on margins during the next several quarters."
 TOASTMASTER INC.
 Financial Summary and Comparisons
 (dollars in thousands, except per share)
 (unaudited)
 Three Month Results Percent
 1993 1992 Change
 Net sales $ 27,534 $ 26,295 4.7
 Net income (loss) $ (189) $ (117) ---
 Net income (loss) per share $ (.02) $ (.02) ---
 Weighted average common
 and common equivalent shares
 outstanding
 (in thousands) 7,690 6,323 ---
 Toastmaster, headquartered in Columbia, designs, manufactures, markets and services a wide array of electrical consumer appliances and time pieces under the brand names of Toastmaster(R) and Ingraham(R).
 -0- 4/23/93
 /CONTACT: John E. Thompson of Toastmaster, 314-445-8666/
 (TM)


CO: Toastmaster Inc. ST: Missouri IN: HOU SU: ERN

BB -- DV001 -- 0077 04/23/93 12:51 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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