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WINDMERE CORPORATION ANNOUNCES THIRD QUARTER RESULTS

 WINDMERE CORPORATION ANNOUNCES THIRD QUARTER RESULTS
 MIAMI LAKES, Fla., Nov. 5 /PRNewswire/ -- Windmere Corporation


(NYSE: WND) announced today a net profit for the third quarter of $2.0 million or $.12 per share, after reflecting a pre-tax $4.3 million loss on the write-off of an uncollectible asset. This compares with a net profit of $.3 million or $.02 per share reported for the third quarter a year ago. Sales for the third quarter were $49.6 million as compared with sales of $44.4 million reported for the third quarter of 1991.
 For the nine months ended Sept. 30, 1992, the company reported a profit of $30.6 million or $1.86 per share, which reflects an extraordinary litigation gain of approximately $29.7 million, the above- mentioned $4.3 million write-off and a pre-tax $1.1 million loss on the sale of a subsidiary. This compares with a net loss of $10.6 million or $.66 per share reported for the nine months ended Sept. 30, 1991, which included a $2.0 million charge taken for the restructuring of the company's manufacturing operation. Sales for the nine months were $124.9 million compared to sales of $94.1 million recorded a year ago.
 David M. Friedson, president and chief executive officer, said, "We are encouraged by the company's operating profit of $7.0 million for 1992's third quarter prior to the $4.3 million write-off of an uncollectible asset, as compared to the $1.6 million generated in last year's third quarter. The company's third quarter earnings results were achieved primarily due to higher sales levels combined with reduced expenses and the profitable operations of Durable, the company's 80 percent owned manufacturing subsidiary. Durable's results this year have been favorably impacted by substantial shipments of electric plug- in fragrance units to a major distributor of room freshener products."
 Windmere Corporation is a leading manufacturer and distributor of personal care products and other merchandise for the home and professional salons, including hair dryers, curling irons, kitchen appliances and dental care appliances.
 WINDMERE CORPORATION
 Operating Results
 (Unaudited)
 Three Months Ended Sept. 30 1992 1991
 Sales $49,579,500 $44,371,800
 Net earnings (loss) after taxes
 and before minority interest and
 extraordinary item 2,413,200 395,100
 Minority interest (408,900) (110,700)
 Extraordinary item -- --
 Net earnings (loss) 2,004,300 284,400
 Net Earnings (Loss) Per Share:
 Before extraordinary item $.12 $.02
 Extraordinary item -- --
 Total $.12 $.02
 Average common shares and
 equivalents outstanding 16,644,500 16,179,400
 Nine Months Ended Sept. 30 1992 1991
 Sales $124,866,800 $94,075,500
 Net earnings (loss) after taxes
 and before minority interest and
 extraordinary item 1,705,700 (12,251,900)
 Minority interest (743,900) 1,695,100
 Extraordinary item 29,648,800 --
 Net earnings (loss) 30,610,600 (10,556,800)
 Net Earnings (Loss) Per Share:
 Before extraordinary item $ .04 $(.66)
 Extraordinary item 1.82 --
 Total $1.86 (.66)
 Average common shares and
 equivalents outstanding 16,442,700 16,051,300
 -0- 11/5/92
 /CONTACT: John Heinlein, treasurer of Windmere Corporation, 305-362-2611, or Steven J. Barach of G.A. Kraut Company, 212-696-5600, for Windmere Corporation/
 (WND) CO: Windmere Corporation ST: Florida IN: HOU SU: ERN


SM-PS -- NY030 -- 2944 11/05/92 10:05 EST
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Date:Nov 5, 1992
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