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WTD REPORTS SECOND QUARTER RESULTS

 PORTLAND, Ore., Nov. 24 /PRNewswire/ -- WTD Industries Inc. (NASDAQ: WTDIQ) reported today net income of $2.49 million, or 18 cents per share, for the quarter ended Oct. 31, 1993, compared to net income of $574,000, or 23 cents per share, for the same period in 1992. Second quarter sales were $65.9 million, up 15 percent from the $57.2 million in the comparable period last year.
 For the six months ended Oct. 31, 1993, the company reported net income of $875,000, or 1 cent per share, compared to a net loss of $617,000, or 25 cents per share, during the same period last year. Sales were $119.7 million for the six months, compared to $120.8 million in the prior year.
 Per-share earnings in the prior periods have been restated for the four-for-ten reverse common stock split associated with the company's reorganization. Current period per-share earnings are affected by the issuance of additional shares of common stock and the assumed conversion of Series B preferred stock issued pursuant to the company's reorganization. Additionally, the current year's earnings per share computations are affected by "antidilution" rules under which convertible shares and stock options are assumed to be outstanding when reporting income, but are not assumed to be outstanding when reporting a loss.
 "Our second quarter results reflect a rebound in the lumber market from the lows experienced during our first fiscal quarter," said WTD President Bruce L. Engel. "That lumber market strength continued into the start of our third quarter," Engel concluded.
 WTD also reported that Teri E. Engel, vice president-internal affairs, secretary and a director, is leaving the company to pursue other interests and activities. Mrs. Engel's duties will be assumed by existing WTD personnel.
 WTD INDUSTRIES INC.
 FINANCIAL HIGHLIGHTS
 (Unaudited; In thousands except per share amounts)
 Three months Six months
 Ended Oct. 31 1993 1992 1993 1992
 Net sales $65,885 $57,186 $119,744 $120,814
 Cost of sales 59,012 53,083 111,574 114,391
 Gross profit 6,873 4,103 8,170 6,423
 Selling, general &
 administrative expenses 3,074 2,847 5,540 5,604
 Reorganization charges
 (credits) (615) 685 (1,694) 1,421
 Operating income (loss) 4,414 571 4,324 (602)
 Other income (expense)
 Interest expense (1,646) (21) (3,334) (42)
 Miscellaneous (27) 24 132 27
 Total (1,673) 3 (3,202) (15)
 Income (loss) before
 income taxes 2,741 574 1,122 (617)
 Provision for income
 taxes (benefit) 247 -- 247 --
 Net income (loss) 2,494 574 875 (617)
 Accumulated preferred
 dividends (404) -- (807) --
 Net income (loss) applicable
 to common shareholders $ 2,090 $ 574 $ 68 $ (617)
 Net income (loss) per
 common share
 Primary basis $ 0.18 $ 0.23 $ 0.01 $ (0.25)
 Fully diluted $ 0.18 $ 0.23 $ 0.01 $ (0.25)
 Number of common shares
 Primary 11,401 2,492 11,413 2,492
 Assuming full dilution 11,434 2,492 11,436 2,492
 -0- 11/24/93
 /CONTACT: Robert J. Riecke or Carol Nelson of WTD Industries, 503-246-3440/
 (WTDIQ)


CO: WTD Industries Inc. ST: Oregon IN: PAP SU: ERN

JH-IC -- SE008 -- 7774 11/24/93 16:51 EST
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Date:Nov 24, 1993
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