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TODHUNTER INTERNATIONAL REPORTS RESULTS FOR THE QUARTER AND SIX MONTHS ENDED MARCH 31, 1993

 WEST PALM BEACH, Fla., April 27 /PRNewswire/ -- Todhunter International, Inc. (NASDAQ: TODH) today reported record revenues, operating income, net income and earnings per share for its second quarter and six months ended March 31, 1993. The company's three major divisions, Beverage Ingredients, Contract Bottling and Popular Price Spirits, recorded substantial increases in sales and profits. These divisions were able to raise prices as well as increase sales volumes.
 Commenting on the results, CEO A. Kenneth Pincourt Jr. said, "We are extremely pleased with our record results so far this year. The stage is set for an outstanding 1993."
 Earnings per common share increased 19.2 percent to 31 cents for the quarter ended March 31, 1993, from 26 cents per share for the same quarter in 1992. Weighted average shares outstanding were 4,539,076 and 3,115,000, respectively, an increase of 45.7 percent.
 For the six months ended March 31, 1993, earnings per common share increased 10.6 percent to 52 cents per share from 47 cents per share for the six months ended March 31, 1992. Weighted average shares outstanding for the six-month period were 4,381,160 and 3,115,000, respectively, an increase of 40.6 percent.
 Net sales for the quarter ended March 31, 1993, increased 22.2 percent to $18,873,039 from $15,441,271 for the same period in 1992. For the six-month period ended March 31, 1993, sales increased 20.0 percent to $34,763,621 from $28,962,753 for the six-month period ended March 31, 1992.
 Operating income for the quarter ended March 31, 1993, increased 32.0 percent to $2,311,433 from $1,751,253 for the quarter ended March 31, 1992. Operating income as a percentage of sales for the quarter ended March 31, 1993, was 12.3 percent vs. 11.3 percent for the quarter ended March 31, 1992.
 Operating income for the six-month period ended March 31, 1993, increased 18.3 percent to $3,763,486 from $3,182,294 for the six months ended March 31, 1992. Operating income as a percentage of sales for the six-month period ended March 31, 1993, was 10.8 percent vs. 11.0 percent for the six-month period ended March 31, 1992.
 Net income for the quarter ended March 31, 1993, increased 72.9 percent to $1,400,955 from $810,218 for the quarter ended March 31, 1992. Net income for the six-month period ended March 31, 1993 increased 54.5 percent to $2,272,924 from $1,471,390 for the six-month period ended March 31, 1992.
 Todhunter International, Inc. produces citrus-based brandy, distilled spirits and fortified wine used as ingredients in a variety of alcoholic beverages on a contract basis, and produces for distribution in the Southeast a line of popular price spirits.
 TODHUNTER INTERNATIONAL, INC.
 PERIODS ENDED THREE MONTHS SIX MONTHS
 MARCH 31 1993 1992 1993 1992
 Net Sales $18,873,039 $15,441,271 $34,763,621 $28,962,753
 Cost of sales 14,562,247 11,769,364 27,010,726 22,142,683
 Gross profit $ 4,310,792 $ 3,671,907 $ 7,752,895 $ 6,820,070
 Selling,
 general and
 administrative 1,999,359 1,920,654 3,989,409 3,637,776
 Operating
 income $ 2,311,433 $ 1,751,253 $ 3,763,486 $ 3,182,294
 Interest
 expense (467,078) (791,730) (1,053,161) (1,600,064)
 Other income
 (expense) 379,775 525,204 764,891 773,366
 Income before
 taxes $ 2,224,130 $ 1,484,727 $ 3,475,216 $ 2,355,596
 Provision for
 income taxes (823,175) (674,509) (1,202,292) (884,206)
 Net income $ 1,400,955 $ 810,218 $ 2,272,924 $ 1,471,390
 Earnings per
 common share:
 Primary $0.31 $0.26 $0.52 $0.47
 Fully diluted $0.30 --- $0.51 ---
 Common shares and
 equivalents
 outstanding
 Primary 4,539,076 3,115,000 4,381,160 3,115,000
 Fully diluted 4,596,881 --- 4,457,741 ---
 Shares
 outstanding at
 end of period 4,427,500 3,115,000 4,427,500 3,115,000
 -0- 4/27/93
 /CONTACT: A. Kenneth Pincourt Jr., president and CEO, or Troy Edwards, chief financial officer of Todhunter International, 407-655-8977/
 (TODH)


CO: Todhunter International, Inc. ST: Florida IN: FOD SU: ERN

JB-AW -- FL005 -- 1309 04/27/93 11:28 EDT
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Date:Apr 27, 1993
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