SUPREME INDUSTRIES REPORTS IMPROVED FINANCIAL RESULTS FOR

 Fiscal 1998 Second Quarter and First Half;
FRP Technology Operational 
Business Editors 
GOSHEN, Ind.--(BUSINESS WIRE)--July 28, 1998--Supreme
Industries, Inc., (AMEX:STS) a leading manufacturer of specialized
truck bodies and shuttle buses, today announced financial results for
its second quarter and six months ended June 30, 1998. 
For the second quarter, the Company's revenues rose 9.0 percent
to $61.3 million from $56.3 million for the same quarter last year.
Net income was $3.5 million, or $0.32 per share diluted, a 4.8 percent
improvement over the $3.3 million, or $0.30 per share diluted,
reported for the year-ago quarter. 
For the first six months of 1998, revenues increased 16.3 percent
to $116.8 million from $100.4 million for the same period of 1997.
First-half net income was up 17.2 percent to $5.9 million, or $0.53
per share diluted, from $5.0 million or $0.46 per share diluted, for
the corresponding period in 1997. 
Omer Kropf, President of Supreme Corporation, Supreme Industries'
operating subsidiary, stated, "The Company's revenues and earnings
for the second quarter were in line with our plans, and we are seeing
continued strong demand for our products. Order intake increased
9.0 percent for the six months, leaving backlog at the end of the
quarter at $47.1 million. While we are on track to report solid
revenue and earnings growth for 1998, we are carefully monitoring the
strike at General Motors, one of our primary chassis suppliers. We
utilize multiple chassis sources, but a prolonged General Motors
strike could affect our ability to completely satisfy customer demand
for Supreme's truck bodies and shuttle buses. Given our current
chassis supply, however, we do not anticipate the strike will affect
our revenues adversely unless it continues into September." 
Commenting on the progress of the Company's fiberglass-reinforced
panel (FRP) facility, Mr. Kropf added, "We have now achieved
commercial viability. We are producing high-quality FRP at the rate of
four feet per minute on a partial shift basis. While we do not expect
to be in full production until the fall of 1998, the panels we are
producing are being used in our own manufacturing operations. By the
spring of 1999, we expect to utilize our excess capacity to market to
other manufacturers of transportation equipment. 
"Because this FRP production process is totally innovative, we
would not be surprised to encounter additional `debugging' as we
increase production. We are enthusiastic about the considerable
savings anticipated from the prospective efficiencies from our new FRP
capabilities and the prospect of profitable revenues from panels sold
to third parties beginning in 1999." 
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. 


Supreme Industries Inc. and Subsidiaries
Consolidated Statements of Income

                                            Three Months Ended
                                                 June 30,
                                        ------------   ------------
                                            1998           1997
                                        ------------   ------------

Revenues                                $ 61,322,192   $ 56,275,903

Costs and expenses:
  Cost of sales                           49,605,633     45,879,498
  Selling, general and administrative      5,289,083      4,469,788
  Interest                                   489,426        413,380
                                        ------------   ------------

                                          55,384,142     50,762,666
                                        ------------   ------------
     Income before income taxes            5,938,050      5,513,237

  Income taxes                             2,447,000      2,182,000
                                        ------------   ------------
     Net income                           $3,491,050     $3,331,237
                                        ------------   ------------
                                        ------------   ------------

Earnings per share(a):
  Basic                                         $.32           $.31
  Diluted                                       $.32           $.30


Shares used in the computation of
 earnings per share(a):
  Basic                                   10,941,092     10,876,156
  Diluted                                 11,024,729     10,951,528


                                             Six Months Ended
                                                 June 30,
                                        ------------   ------------
                                            1998           1997
                                        ------------   ------------

Revenues                                $116,815,537   $100,449,206

Costs and expenses:
  Cost of sales                           95,726,007     82,916,179
  Selling, general and administrative     10,235,308      8,419,166
  Interest                                   906,439        763,225
                                        ------------   ------------

                                         106,867,754     92,098,570
                                        ------------   ------------
     Income before income taxes            9,947,783      8,350,636

  Income taxes                             4,069,000      3,334,000
                                        ------------   ------------
     Net income                           $5,878,783     $5,016,636
                                        ------------   ------------
                                        ------------   ------------

Earnings per share(a):
  Basic                                         $.54           $.46
  Diluted                                       $.53           $.46

Shares used in the computation of
 earnings per share(a):
  Basic                                   10,916,928     10,874,321
  Diluted                                 11,011,597     10,942,833



Supreme Industries, Inc. and Subsidiaries
Consolidated Balance Sheets
                                          June 30,     December 31,
                                            1998           1997
                                        ------------   ------------



Assets
  Current assets                        $ 57,224,776   $ 53,528,995
  Property, plant and equipment, net      31,311,765     29,560,441
  Intangible assets, net                   1,603,731      1,705,385
  Other assets                             1,040,027      1,079,491
                                        ------------   ------------

Total Assets                            $ 91,180,299   $ 85,874,312
                                        ------------   ------------
                                        ------------   ------------

Liabilities and Stockholders' Equity:
  Current liabilities                   $ 18,543,605   $ 23,165,040
  Long-term debt                          21,294,241     17,359,703
  Deferred income taxes                      898,825        898,825
                                        ------------   ------------
Total liabilities                         40,736,671     41,423,568
Total stockholders' equity                50,443,628     44,450,744
                                        ------------   ------------
Total liabilities and
 stockholders' equity                   $ 91,180,299   $ 85,874,312
                                        ------------   ------------
                                        ------------   ------------

(a)  Share data and earnings per share for the prior periods have been
     restated for the 5% stock dividend declared May 12, 1998.

 
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