Rexhall Industries, Inc. Announces Record Sales for 1st Quarter 99

5 May 1999

Rexhall Industries, Inc. Announces Record Sales for 1st Quarter 99 and Estimated EPS of $.35 to $.40

    LANCASTER, Calif.--May 4, 1999--Rexhall Industries, Inc. announced today record preliminary sales for the quarter ended March 31, 1999 of $22.2 million up 56% from $14.2 million for March 31, 1998.
    It is estimated that EPS will be in the range of $.35 to $.40 for the quarter as compared to $.20 in the prior year which was adjusted down from $.20 to reflect the 5% stock dividend on June 19, 1998.
    William E. Rex, President and CEO, indicated that the efficiencies gained from shifting all production to the Lancaster, California facility in the prior year should continue for the foreseeable future.
    Final results for the quarter ended March 31, 1999 will be reported by May 15, 1999.

    FORWARD-LOOKING STATEMENTS

    Our expectations are forward-looking statements, based on assumptions and facts known to us today, and we do not intend to update statements in this report. While we have enjoyed good results, our business is both seasonal and cyclical. We are subject to increases in materials costs, and pricing and other pressures from substantially larger competitors, labor disruptions, and adverse weather. The reduced production of oil by OPEC members may reduce sales of motor homes. Management intends to remain aware of these factors and react to them, but cannot predict their timing or significance.

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