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TREADCO, INC. ANNOUNCES FIRST QUARTER 1992 OPERATING RESULTS

 TREADCO, INC. ANNOUNCES FIRST QUARTER 1992 OPERATING RESULTS
 FORT SMITH, Ark., April 21 /PRNewswire/ -- Treadco, Inc. (NASDAQ-NMS: TRED) concluded its 1992 first quarter with revenues of $20.4 million, an increase of 18.4 percent over 1991 first quarter revenues of $17.2 million.
 Revenues from retreading for the first quarter of 1992 were $12.0 million, an increase of 24.3 percent from $9.7 million during the first quarter of 1991. Revenues from new tire sales for the first quarter were $8.4 million, an increase of 10.9 percent from $7.6 million during the first quarter of 1991.
 Operating income was $1.4 million for the first quarter of 1992 compared to $1.1 million for the first quarter of 1991. The operating profit margin increased to 6.9 percent for the first quarter of 1992 from 6.4 percent during the first quarter of 1991. Interest expense for the first quarter of 1992 was $22,000 compared to $1.1 million during the first quarter of 1991. The decrease in interest expense resulted primarily from the reduction in long-term debt outstanding. The company had $543,000 in long-term debt outstanding at March 31.
 Net income increased to $883,000, or $.18 per share, for the first quarter of 1992 from a net loss of $(185,000), or $(.07) per share, during the first quarter of 1991. Average shares outstanding for the first quarter of 1992 increased to 5,006,290 from 2,499,000 during the first quarter of 1991.
 TREADCO, INC.
 Statements of Operations
 (Unaudited)
 3 mos. ended 3/31/92 3/31/91
 Revenues $20,416,359 $17,244,360
 Costs and expenses 19,009,752 16,143,677
 Operating income 1,406,607 1,100,683
 Other income 102,576 84,308
 Other expenses 27,003 1,423,830
 Inc. bef. income taxes and
 extraordinary item 1,482,180 (238,839)
 Federal and state income taxes 599,495 (54,194)
 Net income (loss) $ 882,685 $ (184,645)
 Earnings per share:
 Net income $.18 $(.07)
 Average shares outstanding 5,006,290 2,499,000
 Cash dividends paid per common share $.04 $ ---
 -0- 4/21/92
 /CONTACT: Randall Loyd of Arkansas Best, 501-785-6200/
 (TRED) CO: Treadco, Inc. ST: Arkansas IN: SU: ERN


EA-BN -- AT018 -- 0897 04/21/92 17:02 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:387
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