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TODHUNTER REPORTS RESULTS FOR THE QUARTER AND NINE MONTHS ENDED JUNE 30, 1993

 WEST PALM BEACH, Fla., July 28 /PRNewswire/ -- Todhunter International, Inc. (NASDAQ: TODH) today reported record revenues, operating income, net income and earnings per share for its third quarter and nine months ended June 30, 1993. The company's major divisions, Beverage Ingredients, Contract Bottling and Popular Price Spirits, recorded substantial increases in sales and profits.
 Earnings per common share increased 61.9 percent to 34 cents for the quarter ended June 30, 1993, from 21 cents per share for the same quarter in 1992. Weighted average shares outstanding were 4,581,852 and 3,115,000, respectively, an increase of 47.1 percent.
 For the nine months ended June 30, 1993, earnings per common share increased 24.6 percent to 86 cents per share from 69 cents per share for the nine months ended June 30, 1992. Weighted average shares outstanding for the nine-month period were 4,451,884 and 3,115,000, respectively, an increase of 42.9 percent.
 Net sales for the quarter ended June 30, 1993, increased 10.8 percent to $18,406,662 from $16,611,595 for the same period in 1992. For the nine-month period ended June 30, 1993, sales increased 16.7 percent to $53,170,283 from $45,574,348 for the nine-month period ended June 30, 1992.
 Operating income for the quarter ended June 30, 1993, increased 31.1 percent to $2,312,640 from $1,763,848 for the quarter ended June 30, 1992. Operating income as a percentage of sales for the quarter ended June 30, 1993, was 12.6 percent vs. 10.6 percent for the quarter ended June 30, 1992.
 Operating income for the nine-month period ended June 30, 1993, increased 22.8 percent to $6,076,126 from $4,946,142 for the nine months ended June 30, 1992. Operating income as a percentage of sales for the nine-month period ended June 30, 1993, was 11.4 percent vs. 10.9 percent for the nine-month period ended June 30, 1992.
 Net income for the quarter ended June 30, 1993, increased 135.4 percent to $1,559,882 from $662,518 for the quarter ended June 30, 1992. Net income for the nine-month period ended June 30, 1993 increased 79.6 percent to $3,832,806 from $2,133,908 for the nine-month period ended June 30, 1992.
 Todhunter International, Inc. produces citrus-based brandy, distilled spirits and fortified wine used as ingredients in a variety of alcoholic beverages; bottles coolers and prepared cocktails and other 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 NINE MONTHS
 JUNE 30 1993 1992 1993 1992
 Net Sales $18,406,662 $16,611,595 $53,170,283 $45,574,348
 Cost of sales 13,899,247 12,896,395 40,909,973 35,039,078
 Gross profit $ 4,507,415 $ 3,715,200 $12,260,310 $10,535,270
 Selling,
 general and
 administrative 2,194,775 1,951,352 6,184,184 5,589,128
 Operating
 income $ 2,312,640 $ 1,763,848 $ 6,076,126 $ 4,946,142
 Interest
 expense (423,665) (800,852) (1,477,213) (2,400,916)
 Other income
 (expense) 440,094 251,703 1,205,372 1,025,069
 Income before
 taxes $ 2,329,069 $ 1,214,699 $ 5,804,285 $ 3,570,295
 Provision for
 income taxes (769,187) (552,181) (1,971,479) (1,436,387)
 Net income $ 1,559,882 $ 662,518 $ 3,832,806 $ 2,133,908
 Earnings per
 common share:
 Primary $0.34 $0.21 $0.86 $0.69
 Fully diluted $0.34 --- $0.85 ---
 Common shares and
 equivalents
 outstanding
 Primary 4,581,852 3,115,000 4,451,884 3,115,000
 Fully diluted 4,581,852 --- 4,489,343 ---
 Shares
 outstanding at
 end of period 4,427,500 3,115,000 4,427,500 3,115,000
 -0- 7/28/93
 /CONTACT: A. Kenneth Pincourt Jr., president, or Troy Edwards, chief financial officer of Todhunter International, 407-655-8977/
 (TODH)


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

AW-RC -- FL003 -- 6660 07/28/93 09:32 EDT
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Date:Jul 28, 1993
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