Supreme Industries, Inc. Declares Five Percent Stock Dividend

3 November 1998

Supreme Industries, Inc. Declares Five Percent Stock Dividend

    GOSHEN, Ind.--Nov. 3, 1998--The Board of Directors of Supreme Industries, Inc., (AMEX:STS) today announced a five percent stock dividend on its outstanding Class A and Class B Common Stock. Stockholders of record as of November 13, 1998, will receive one additional share of stock for each twenty shares owned on that date, payable on November 20, 1998. Cash will be paid in lieu of fractional shares.
    As of November 2, 1998, Supreme Industries had 10,958,955 shares of Common Stock outstanding consisting of 9,351,018 shares of Class A Common Stock and 1,607,937 shares of Class B Common Stock.
    The Company stated that this decision was made in recognition of Supreme Industries' continuing growth. The Company recently reported strong financial performance through the third quarter of 1998. During the first nine months, revenues increased 15.1 percent to $168.2 million from $146.1 million for the same period last year. Net income for this nine-month period was up 13 percent to $7.6 million (or $0.69 per diluted share) from $6.7 million (or $0.61 per diluted share) for the same period last year.
    Supreme Industries, Inc., is a nationwide manufacturer of specialized truck bodies which are produced to the specifications of its customers. Supreme also manufactures the StarTrans(R) line of special purpose "shuttle type" buses. The Company's transportation equipment products are used by a wide variety of industrial and commercial customers.