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TREADCO ANNOUNCES SECOND QUARTER 1992 OPERATING RESULTS

 TREADCO ANNOUNCES SECOND QUARTER 1992 OPERATING RESULTS
 FORT SMITH, Ark., July 21 /PRNewswire/ -- Treadco, Inc. (NASDAQ-NMS: TRED) concluded its 1992 second quarter with revenues of $25.7 million, an increase of 20.9 percent over 1991 second quarter revenues of $21.2 million.
 Revenues from retreading for the second quarter of 1992 were $14.3 million, an increase of 25.1 percent from $11.4 million during the second quarter of 1991. Revenues from new tire sales for the second quarter of 1992 were $11.4 million, an increase of 16.0 percent from $9.8 million during the second quarter of 1991.
 Operating income was $2.2 million for the second quarter of 1992 compared to $1.9 million for the second quarter of 1991. The operating profit margin was 8.6 percent for the second quarter of 1992 compared to 8.8 percent during the second quarter of 1991. Interest expense for the second quarter of 1992 was $22,000 compared to $900,000 during the second quarter of 1991. The decrease in interest expense resulted primarily from the reduction in long-term debt outstanding. The company had $542,000 in long-term debt outstanding at June 30.
 Net income increased to $1.4 million, or $.27 per share, for the second quarter of 1992 from $417,000 or $.17 per share, during the second quarter of 1991. Average shares outstanding for the second quarter of 1992 increased to 5.0 million shares from 2.5 million for the second quarter of 1991.
 For the six months ended June 30, revenues were $46.1 million, an increase of 19.8 percent from $38.5 million during the first six months of 1991. Revenues from retreading for the six months ended June 30 were $26.3 million, an increase of 24.7 percent from $21.1 million during the first six months of 1991. Revenues from new tire sales for the six months ended June 30, were $19.8 million, an increase of 13.8 percent from $17.4 million during the first six months of 1991.
 Operating income was $3.6 million for the six months ended June 30 compared to $3.0 million for the first six months of 1991. The operating profit margin was 7.8 percent for the six months ended June 30, compared to 7.7 percent during the first six months of 1991. Interest expense for the six months ended June 30 was $45,000 compared to $2.0 million during the first six months of 1991. The decrease in interest expense resulted primarily from the reduction in long-term debt outstanding.
 Net income increased to $2.2 million, or $.45 per share, for the six months ended June 30 from $232,000 or $.09 per share, during the first six months of 1991. Average shares outstanding for the six months ended June 30 increased to 5.0 million shares from 2.5 million for the first six months of 1991.
 TREADCO, INC.
 Statements of Income
 (Unaudited)
 3 mos. ended 6/30/92 6/30/91
 Revenues $25,651,496 $21,222,148
 Costs and expenses 23,443,851 19,351,620
 Operating income 2,207,645 1,870,528
 Other income 82,391 78,743
 Other expenses 26,919 1,216,989
 Income before income taxes 2,263,117 732,282
 Federal and state income taxes 897,134 314,945
 Net income $ 1,365,983 $ 417,337
 Earnings per share:
 Net income $.27 $.17
 Average shares outstanding 5,006,504 2,499,000
 6 mos. ended 6/30/92 6/30/91
 Revenues $46,067,855 $38,466,508
 Costs and expenses 42,453,603 35,495,297
 Operating income 3,614,252 2,971,211
 Other income 184,967 163,051
 Other expenses 53,922 2,640,819
 Income before income taxes 3,745,297 498,443
 Federal and state income taxes 1,496,629 280,751
 Net income $ 2,248,668 $ 232,692
 Earnings per share:
 Net income $.45 $.09
 Average shares outstanding 5,009,113 2,499,000
 -0- 7/21/92
 /CONTACT: Randall Loyd of Arkansas Best, 501-785-6200/
 (TRED) CO: Treadco, Inc. ST: Arkansas IN: AUT SU: ERN


BR-BN -- AT006 -- 1152 07/21/92 09:26 EDT
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Date:Jul 21, 1992
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