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WOLOHAN LUMBER CO. REPORTS RECORD SALES AND EARNINGS FOR THE SECOND QUARTER

 WOLOHAN LUMBER CO. REPORTS RECORD SALES AND EARNINGS
 FOR THE SECOND QUARTER
 SAGINAW, Mich., July 14 /PRNewswire/ -- James L. Wolohan, president and chief executive officer for Wolohan Lumber Company (NASDAQ-NMS: WLHN), reported second-quarter earnings of $4,249,000, 60 cents per share, vs. $3,956,000, 55 cents per share, for the same period of 1991, a per-share increase of 9 percent.
 Sales increased 11 percent to a record $103,891,000 from $93,265,000 in the second quarter of 1991. The increased sales resulted from a 12-percent increase in consumer (DIY) sales and a 10-percent increase in professional contractor sales. Sales at comparable stores (stores in operation prior to April 1, 1991) increased 10 percent.
 Net income for the first six months of 1992 was $4,747,000, 67 cents per share, compared with $4,191,000, 59 cents per share, in 1991, a per- share increase of 14 percent. Sales for the six-month period ended June 30, 1992, increased 16 percent to $165,434,000, from $143,036,000 for the same period of 1991 and comparable store sales were up 14 percent.
 Wolohan Lumber Co. is a publicly held company operating 52 lumber and building material retail stores in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio and Wisconsin.
 Wolohan Lumber Co.'s common stock is traded over the counter and quoted daily in The Wall Street Journal on the NASDAQ Over-The-Counter Market, National Market Issues. Its NASDAQ symbol is WLHN.
 WOLOHAN LUMBER CO.
 FOR THE THREE MONTHS ENDED JUNE 30 1992 1991
 Sales $103,891,000 $93,265,000
 Net income $4,249,000 $3,956,000
 Per share $.60 $.55
 FOR THE SIX MONTHS ENDED JUNE 30 1992 1991
 Sales $165,434,000 $143,036,000
 Net income $4,747,000 $4,191,000
 Per share $.67 $.59
 -0- 7/14/92
 /CONTACT: Robert F. Anderson or Edward J. Dean of Wolohan Lumber Co., 517-793-4532/
 (WLHN) CO: Wolohan Lumber Co. ST: Michigan IN: REA SU: ERN


SM -- DE017 -- 9057 07/14/92 11:26 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
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