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TREADCO, INC. ANNOUNCES THIRD QUARTER 1992 OPERATING RESULTS

 TREADCO, INC. ANNOUNCES THIRD QUARTER 1992 OPERATING RESULTS
 FORT SMITH, Ark., Oct. 20 /PRNewswire/ -- Treadco, Inc. (NASDAQ-NMS: TRED) concluded its 1992 third quarter with revenues of $27.4 million, an increase of 10.3 percent over 1991 third quarter revenues of $24.9 million.
 Revenues from retreading for the third quarter of 1992 were $15.0 million, an increase of 15.4 percent from $13.0 million during the third quarter of 1991. Revenues from new tire sales for the third quarter of 1992 were $12.4 million, an increase of 4.8 percent from $11.9 million during the third quarter of 1991.
 Operating income was $2.5 million for the third quarter of 1992 compared to $2.3 million for the third quarter of 1991. The operating profit margin was 9.2 percent for the third quarter of 1992 compared to 9.4 percent during the third quarter of 1991. Interest expense for the third quarter of 1992 was $22,000 compared to $791,000 during the third quarter of 1991. The decrease in interest expense resulted primarily from the reduction in long-term debt outstanding. The company had $540,000 in long-term debt outstanding at Sept. 30.
 Net income increased to $1.6 million, or $.31 per share, for the third quarter of 1992 from $319,000 or $.11 per share, during the third quarter of 1991. Net income for the third quarter of 1991 included an extraordinary item for a loss on the extinguishment of debt of $515,000 (net of income tax benefit of $320,000) or $.17 per share. Average shares outstanding for the third quarter of 1992 increased to 5.0 million shares from 3.0 million for the third quarter of 1991.
 For the nine months ended Sept. 30, revenues were $73.5 million, an increase of 16.1 percent from $63.3 million for the nine months ended Sept. 30, 1991. Revenues from retreading for the nine months ended Sept. 30 were $41.3 million, an increase of 21.1 percent from $34.1 million for the nine months ended Sept. 30, 1991. Revenues from new tire sales for the nine months ended Sept. 30 were $32.2 million, an increase of 10.1 percent from $29.2 million for the nine months ended Sept. 30, 1991.
 Operating income was $6.1 million for the nine months ended Sept. 30, compared to $5.3 million for the nine months ended Sept. 30, 1991. The operating profit margin was 8.3 percent for the nine months ended Sept. 30 compared to 8.4 percent for the nine months ended Sept. 30, 1991. Interest expense for the nine months ended Sept. 30 was $67,000 compared to $2.8 million for the nine months ended Sept. 30, 1991. The decrease in interest expense resulted primarily from the reduction in long-term debt outstanding.
 Net income increased to $3.8 million, or $.76 per share, for the nine months ended Sept. 30, from $552,000 or $.21 per share, for the nine months ended Sept. 30, 1991. Net income for the nine months ended Sept. 30, 1991, included an extraordinary item for a loss on the extinguishment of debt of $515,000 (net of income tax benefit of $320,000) or $.19 per share. Average shares outstanding for the nine months ended Sept. 30 increased to 5.0 million shares from 2.7 million for the nine months ended Sept. 30, 1991.
 TREADCO, INC.
 Statements of Income
 (Unaudited)
 For the 3 mos. ended 9/30/92 9/30/91
 Revenues $27,426,845 $24,857,138
 Costs and
 expenses 24,912,820 22,531,866
 Operating income 2,514,025 2,325,272
 Other income 94,301 67,271
 Other expenses 26,845 983,892
 Inc. bef. income taxes and
 extraordinary item 2,581,481 1,408,651
 Federal and state income taxes 1,018,484 574,440
 Income before extraordinary item 1,562,997 834,211
 Extraordinary item --- (515,355)
 Net income $ 1,562,997 $ 318,856
 Earnings per share:
 Income before extraordinary item $ 0.31 $ 0.28
 Extraordinary item --- (0.17)
 Net income $ 0.31 $ 0.11
 Average shares outstanding 5,003,676 2,999,000
 For the 9 mos. ended 9/30/92 9/30/91
 Revenues $73,494,700 $63,323,646
 Costs and
 expenses 67,366,423 58,027,163
 Operating income 6,128,277 5,296,483
 Other income 279,268 230,322
 Other expenses 80,767 3,624,711
 Inc. bef. income taxes and
 extraordinary item 6,326,778 1,902,094
 Federal and state income taxes 2,515,113 835,191
 Income before extraordinary item 3,811,665 1,066,903
 Extraordinary item --- (515,355)
 Net income $ 3,811,665 $ 551,548
 Earnings per share:
 Income before extraordinary item $ 0.76 $ 0.40
 Extraordinary item --- (0.19)
 Net income $ 0.76 $ 0.21
 Average shares outstanding 5,005,490 2,665,667
 -0- 10/20/92
 /CONTACT: Randall Loyd of Treadco, Inc., 501-785-6200/
 (TRED) CO: Treadco, Inc. ST: Arkansas IN: SU: ERN


EA -- AT006 -- 2056 10/20/92 09:32 EDT
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Date:Oct 20, 1992
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