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TREADCO ANNOUNCES FIRST QUARTER 1993 OPERATING RESULTS

 FORT SMITH, Ark., April 20 /PRNewswire/ -- Treadco, Inc. (NASDAQ-NMS: TRED) concluded its 1993 first quarter with sales of $21.4 million, an increase of 4.7 percent over 1992 first quarter sales of $20.4 million.
 Sales from retreading for the first quarter of 1993 were $12.6 million, an increase of 4.8 percent from $12.0 million during the first quarter of 1992. Sales of new tires for the first quarter of 1993 were $8.8 million, an increase of 4.5 percent from $8.4 million during the first quarter of 1992.
 Operating income was $1.4 million for each of the first quarters of 1993 and 1992. The operating profit margin was 6.7 percent for the first quarter of 1993 compared to 6.9 percent during the first quarter of 1992. Net income was $875,000, or $.18 per share, for the first quarter of 1993 compared to $883,000, or $.18 per share, during the first quarter of 1992. Average shares outstanding were 5.0 million shares for each of the first quarters of 1992 and 1993.
 TREADCO, INC.
 Statements of Income
 (Unaudited)
 3 mos. ended 3/31/93 3/31/92
 Sales
 Non-affiliates $20,967,023 $19,804,258
 Affiliates 412,062 612,101
 Total 21,379,085 20,416,359
 Costs and expenses
 Materials and cost of new tires 14,086,177 13,561,991
 Salaries and wages 2,989,968 2,758,246
 Depreciation and amortization 477,442 447,108
 Administrative and general 2,304,758 2,149,676
 Amortization of goodwill 96,731 92,731
 Total 19,955,076 19,009,752
 Operating income 1,424,009 1,406,607
 Other income
 Interest income 28,344 26,276
 Gain on asset sales 6,869 41,508
 Other 36,857 34,792
 Total 72,070 102,576
 Other expenses
 Interest 18,718 22,372
 Amortization of deferred financing costs 4,631 4,631
 Total 23,349 27,003
 Income before income taxes 1,472,730 1,482,180
 Federal and state income taxes (credit)
 Current 640,493 622,616
 Deferred (43,038) (23,121)
 Total 597,455 599,495
 Net income $ 875,275 $ 882,685
 Earnings per share:
 Net income $ .18 $ .18
 Average shares outstanding 4,999,000 5,006,290
 -0- 4/20/93
 /CONTACT: Randall Loyd of Arkansas Best, 501-785-6200/
 (TRED)


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

BR-RA -- AT002 -- 7758 04/20/93 07:55 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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