Trans-Industries, Inc. Reports First Quarter 2004 Results

Trans-Industries, Inc. Reports First Quarter 2004 Results 


ROCHESTER HILLS, Mich., May 7  /PRNewswire-FirstCall/ -- Trans-Industries, Inc.
, a leading manufacturer of interior bus lighting products, electronic
information systems and software, plus dust extraction systems and related
components for the mass transit and highway markets, today announced results
for the first quarter ended March 31, 2004.

Sales for the quarter totaled $7.5 million compared with $8.6 million for the
same period last year.  Most of this decline was attributable to the
information systems and environmental systems businesses with modest shortfalls
registered by the lighting and mechanical signage units.  On this reduced
volume, a net loss of $267,000, or $.09 per share, was incurred compared with a
loss of $473,000, or $0.15 per share, for the comparable quarter last year. 
For the 2004 first quarter, the information systems and environmental products
operations together recorded a net loss of more than $500,000, which was only
partially offset by other operations.

Profit improvement efforts initiated during the middle of last year are
continuing with estimated annual reductions, on the basis of first quarter
expense levels, to be in excess of $2.5 million.

About the Company

The Company is a leading provider of lighting systems and related components to
the mass transit market as well as a supplier of information hardware and
software solutions on Intelligent Transportation Systems (ITS) and mass transit
projects.  ITS utilizes integrated networks of electronic sensors, signs and
software to monitor road conditions, communicate information to drivers and
help transportation authorities better manage traffic flow across their
existing infrastructures.

           Visit Trans-Industries at http://www.transindustries.com/ .

                      Financial Tables Follow .....


                          Trans-Industries, Inc.
                  Sales and Earnings Report (Unaudited)
                       Quarter Ended March 31, 2004

                                                   First Quarter Ending
                                                         March 31
                                                    2004           2003

  Sales                                         $7,534,929     $8,649,800
  Cost of Sales                                  5,605,874      6,058,931
    Gross Profit                                 1,929,055      2,590,869

  Selling, Gen. & Admin. Exp.                    1,965,333      2,638,388
  Interest                                         162,508        170,049
  Restructuring Costs *                             75,601        272,859
  Other                                             (6,931)            (9)
    Total Expenses                               2,196,511      3,081,287

  Earnings/(Loss) Before Income Taxes             (267,456)      (490,418)

  Income Taxes                                           0        (17,000)
    Net Income                                   $(267,456)     $(473,418)

  Earnings/(Loss) Per Share                         $(0.09)        $(0.15)

  *2003 Restructuring charges incurred on sale
   of Vultron International.

  Weighted Average Number of Shares Outstanding  3,139,737      3,139,737


                  Consolidated Balance Sheet (Unaudited)

                                                   First Quarter Ending
                                                         March 31
  Assets:                                           2004           2003

  Total Current Assets                         $15,843,592    $20,490,476
  Net Fixed Assets                               3,553,755      4,020,663
  Other Assets                                     327,014        283,822
    Total Assets                               $19,724,361    $24,794,961


  Liabilities and Shareholders' Equity:

  Total Current Liabilities                    $13,260,300    $12,731,121
  Deferred Income Taxes                                  0        418,000
  Long Term Debt                                   294,173      3,216,884
  Shareholders' Equity                           6,169,888      8,428,956
    Total Liabilities and Shareholders' Equity $19,724,361    $24,794,961


DATASOURCE: Trans-Industries, Inc.



CONTACT:  Kai Kosanke, Chief Financial Officer of Trans-Industries,

[phone]



Web site:  http://www.transindustries.com/ 

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