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Supreme Industries Reports Sharply Higher Second-Quarter Earnings

Conference Call Information

A conference call will be held tomorrow, Aug. 14, 2012, at 9 a.m. ET to review the second-quarter and first-half results. To participate in the live call, dial 877-317-6789 (International: 412-317-6789) 10 minutes before the call begins, or 8:50 a.m. ET. The conference ID is 10016545. The call also will be streamed live and can be accessed at Those unable to participate in the live conference call may access a replay, which will be available on Supreme’s website for approximately 30 days.

To be added to Supreme Industries’ email distribution list, please click on the link below:

About Supreme Industries

Supreme Industries, Inc. (NYSE MKT: STS), is a nationwide manufacturer of specialized truck bodies produced to the specifications of its customers. Supreme also manufactures special-purpose “shuttle-type” buses and armored vehicles. The Company's transportation equipment products are used by a wide variety of industrial, commercial and law enforcement customers.

News releases and other information on the Company are available on the Internet at: or

Other than historical facts contained herein, the matters set forth in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended, and reflect the view of management with respect to future events. When used in this report, words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan” and similar expressions, as they relate to Supreme or its plans or operations, identify forward-looking statements. Such forward-looking statements are based on assumptions made by, and information currently available to, management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward-looking statements are reasonable, and it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, an economic slowdown in the specialized vehicle industry, limitations on the availability of chassis on which Supreme’s product is dependent, availability of raw materials, raw material cost increases and severe interest rate increases. Furthermore, Supreme can provide no assurance that any raw material cost increases can be passed on to its customers through implementation of price increases for Supreme’s products. The forward-looking statements contained herein reflect the current view of management with respect to future events and are subject to those factors and other risks, uncertainties and assumptions relating to the operations, results of operations, cash flows and financial position of Supreme. Supreme assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements.


Supreme Industries, Inc. and Subsidiaries
Consolidated Statements of Operations
  Three Months Ended   Six Months Ended
June 30,   July 2, June 30,   July 2,
2012 2011 2012 2011
Net sales $ 84,574,041 $ 94,719,547 $ 156,740,862 $ 162,103,686
Cost of sales   71,059,856     86,655,206     132,410,960     147,632,392  
Gross profit 13,514,185 8,064,341 24,329,902 14,471,294
Selling, general and administrative expenses 8,239,242 6,909,473 16,787,632 13,907,437
Legal settlement and related costs - 1,868,648 - 2,182,091
Other income   (113,192 )   (393,851 )   (592,140 )   (454,604 )
Operating income (loss) 5,388,135 (319,929 ) 8,134,410 (1,163,630 )
Interest expense   315,061     452,712     579,810     732,571  
Income (loss) from continuing operations before

income taxes

5,073,074 (772,641 ) 7,554,600 (1,896,201 )
Income tax benefit   (324,317 )   -     (324,317 )   -  
Income (loss) from continuing operations 5,397,391 (772,641 ) 7,878,917 (1,896,201 )
Discontinued operations
Operating loss of discontinued Oregon operations   -     (334,706 )   -     (691,845 )
Net income (loss) $ 5,397,391   $ (1,107,347 ) $ 7,878,917   $ (2,588,046 )
Basic income (loss) per share:
Income (loss) from continuing operations $ 0.36 $ (0.05 ) $ 0.52 $ (0.13 )
Loss from discontinued operations   -     (0.02 )   -     (0.05 )
Net income (loss) per basic share $ 0.36   $ (0.07 ) $ 0.52   $ (0.18 )
Diluted income (loss) per share:
Income (loss) from continuing operations $ 0.35 $ (0.05 ) $ 0.51 $ (0.13 )
Loss from discontinued operations   -     (0.02 )   -     (0.05 )
Net income (loss) per diluted share $ 0.35   $ (0.07 ) $ 0.51   $ (0.18 )
Shares used in the computation of income (loss) per share:
Basic 15,192,169 14,590,397 15,176,659 14,471,570
Diluted 15,466,711 14,590,397 15,440,473 14,471,570
Supreme Industries, Inc. and Subsidiaries
Consolidated Balance Sheets
June 30, Dec. 31,
2012 2011
Current assets $ 81,800,486 $ 69,509,587
Property, plant and equipment, net 36,054,563 33,530,057
Other assets   1,415,934   1,683,718
Total assets $ 119,270,983 $ 104,723,362
Current liabilities $ 34,228,909 $ 34,087,548
Long-term liabilities   22,011,441   15,702,467
Total liabilities 56,240,350 49,790,015
Total stockholders' equity   63,030,633   54,933,347
Total liabilities and stockholders' equity $ 119,270,983 $ 104,723,362

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