
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, April 16, 1991                   TAG: 9104160090
SECTION: BUSINESS                    PAGE: A-5   EDITION: METRO 
SOURCE: 
DATELINE: GREENSBORO, N.C.                                LENGTH: Short

OAKWOOD HOMES REPORT RECORD SALES

Oakwood Homes Corp., a Greensboro, N.C.-based producer of manufactured housing with operations in Roanoke, on Monday reported record sales and earnings for the quarter ended March 31, 1991, the second quarter of its 1991 fiscal year.

Sales for the second quarter rose to $25.8 million, a 6 percent increase compared with $24.4 million in the same period last year. Total revenues for the second quarter rose 9 percent to $34.8 million, compared with $31.8 million a year earlier. Net income was a record $1.7 million compared with $1.3 million a year earlier, an increase of 28 percent. Earnings per share as adjusted to give effect retroactively to additional shares issued on March 26, 1991, as a result of the 5-for-4 split, were 24 cents on a primary basis and 22 cents on a fully diluted basis, compared with 20 cents on both a primary and fully diluted basis for the comparable period last year.

- Associated Press

by CNB