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TREADCO, INC. ANNOUNCES 1992 OPERATING RESULTS

 FORT SMITH, Ark., Jan. 19 /PRNewswire/ -- Treadco, Inc. (NASDAQ-NMS: TRED) concluded its 1992 fourth quarter with revenues of $25.3 million, an increase of 18.3 percent over 1991 fourth quarter revenues of $21.4 million.
 Revenues from retreading for the fourth quarter of 1992 were $12.8 million, an increase of 6.3 percent from $12.0 million during the fourth quarter of 1991. Revenues from new tire sales for the fourth quarter of 1992 were $12.5 million, an increase of 33.8 percent from $9.4 million during the fourth quarter of 1991.
 Operating income was $2.3 million for the fourth quarter of 1992 compared to $2.4 million for the fourth quarter of 1991. The operating profit margin was 9.0 percent for the fourth quarter of 1992 compared to 11.2 percent during the fourth quarter of 1991.
 Net income was $1.5 million, or 29 cents per share, for the fourth quarter of 1992 compared to $1.4 million, or 29 cents per share, during the fourth quarter of 1991. Average shares outstanding were 5.0 million for both periods.
 For 1992, revenues were $98.8 million, an increase of 16.6 percent from $84.7 million for 1991. Revenues from retreading for 1992 were $54.1 million, an increase of 17.3 percent from 46.1 million in 1991. Revenues from new tire sales for 1992 were $44.7 million, an increase of 15.9 percent from $38.6 million for 1991.
 Operating income was $8.4 million for 1992 compared to $7.7 million for 1991. The operating profit margin was 8.5 percent for 1992 compared to 9.1 percent for 1991. Interest expense for 1992 was $51,000 compared to $2.8 million for 1991. The decrease in interest expense resulted primarily from the reduction in long-term debt outstanding.
 Net income increased to $5.3 million, or $1.05 per share, for 1992 from $2.0 million, or 61 cents per share, for 1991. Net income for 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 16 cents per share. Average shares outstanding for 1992 increased to 5.0 million shares from 3.2 million for 1991.
 TREADCO, INC.
 Statements of Income
 Three Months Ended Year Ended
 12/31/92 12/21/91 12/31/92 12/31/91
 (unaudited)
 Revenues $25,338,519 $21,416,672 $98,833,219 $84,740,318
 Costs, expenses
 Materials, cost
 of new tires 16,652,616 13,293,768 66,074,508 56,154,959
 Salaries, wages 3,188,577 2,965,625 12,400,178 10,671,339
 Depreciation,
 amortization 473,875 451,964 1,834,757 1,773,969
 Administrative,
 general 2,435,818 2,212,264 9,726,006 8,072,327
 Amortization of
 goodwill 96,732 92,729 381,592 370,920
 Costs, expenses 23,050,616 19,016,350 90,417,041 77,043,514
 Operating income 2,287,901 2,400,322 8,416,041 7,696,804
 Other income 116,265 55,779 595,533 286,102
 Interest expense (15,696) 61,099 51,178 2,809,907
 Amortization of
 deferred financing
 costs 4,632 4,631 18,525 880,534
 Income before income
 taxes, extraordinary
 item 2,415,230 2,390,371 8,742,008 4,292,465
 Federal and state
 income taxes 955,671 944,600 3,470,984 1,779,791
 Income before
 extraordinary
 item 1,459,359 1,445,771 5,271,024 2,512,674
 Extraordinary item:
 Loss on extin-
 guishment of debt --- --- --- (515,355)
 Net income $1,459,359 $1,445,771 $5,271,024 $1,997,319
 Earnings per share:
 Income before
 extraordinary
 item $ .29 $ .29 $ 1.05 $ .77
 Extraordinary
 item --- --- --- (.16)
 Net income $ .29 $ .29 $ 1.05 $ .61
 Average shares
 outstanding 4,999,000 4,999,000 5,003,865 3,249,000
 -0- 1/19/93
 /CONTACT: Randall Loyd of Treadco, Inc., 501-785-6200/
 (TRED)


CO: Treadco, Inc. ST: Arkansas IN: TRN SU: ERN

IH-BN -- AT007 -- 6328 01/19/93 12:08 EST
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Date:Jan 19, 1993
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