LOS ANGELES--(BUSINESS WIRE)--Oct. 24, 1995--Anthony 
Industries Inc. (NYSE:ANT) Tuesday reported record sales and 
earnings for the third quarter ended Sept. 30, 1995.

      Net income soared to $6.6 million, or 45 percent over the $4.5 
million reported in the year-ago quarter.  Earnings per share, 
reflecting the completion on June 1, 1995, of the company's public 
offering of 4.6 million shares, advanced to $.40 per share from last 
year's $.38 per share.  Sales for the quarter rose 22 percent to 
$156.3 million.

      In reporting the third quarter results, B.I. Forester, chairman 
and chief executive officer, said, "The sharp improvement in sales 
and earnings was fairly broad based.  Leading the increase in the 
recreational products group was a dramatic rise in sales of K2 
Exotech in-line skates -- primarily in the international markets -- 
and of K2 snowboards worldwide. 

      "The popularity of the ProFlex full suspension mountain bike line 
resulted in sales that were more than triple prior-year levels.  
Stearns and Shakespeare fishing tackle contributed to the quarter's 
sales growth with increased shipments of flotation gear and new 
fishing tackle products.  Dana Design backpacks, a 1995 acquisition,
also contributed to the sales growth."

      Forester added, "In the industrial products group, sales 
improved sharply, although the volume-related gains were partially 
offset by raw material price increases and the cost of increasing 
the production capacity of our rapidly growing line of Shakespeare 
fiberglass light poles."

      Anthony's board of directors Tuesday voted to discontinue the 
company's regular annual 5 percent stock dividend while continuing 
its policy to pay regular quarterly cash dividends.

      Anthony Industries is a leading designer, manufacturer, and 
marketer of brand name sporting goods, recreational and industrial 
products.  The company's sporting goods and recreational products 
include several well-known names such as K2 and Olin alpine skis, 
K2 snowboards, K2 Exotech in-line skates, Stearns active water sports 
equipment, Shakespeare fishing rods, ProFlex mountain bikes, Dana 
Design backpacks, Hilton active apparel and Anthony swimming 
pools.  

      Anthony's industrial products include Thermo-ply residential 
insulative sheathing and under the Shakespeare brand, extruded 
monofilaments, marine antennas, electronic instruments, and 
fiberglass light poles.
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*T

                            ANTHONY INDUSTRIES

                          Summary of Operations

                            (unaudited) (000)

                                 Third Quarter        Nine Months


                               ended Sept. 30      ended Sept. 30

                                1995     1994(a)     1995     1994(a)
                            --------  --------   --------  --------
NET SALES                   $156,282  $127,863   $460,719  $369,363
Costs and Expenses


  Cost of products sold      114,911    93,387    341,670   271,735


  Selling, G&A expenses       30,057    25,668     90,748    78,231


  Operating Income            11,314     8,808     28,301    19,397



  Interest expense             1,929     1,937      7,476     5,205


  Other (income)                (446)     (101)    (1,232)   (1,194)


  Pre-tax income                9,831     6,972     22,057    15,386



  Provision for income taxes   3,245     2,440      7,020     5,385


NET INCOME                  $  6,586  $  4,532   $ 15,037  $ 10,001


PER SHARE


  Net Income (b)            $    .40  $    .38   $   1.09   $   .84


  Cash dividend                  .11      .105        .33      .315
Average Shares Outstanding    16,598    11,910     13,831    11,910

(

(a) Shares and per-share figures have been retroactively adjusted 
for the 5 percent stock dividend paid in December 1994.
 ((b) On a pro forma basis, assuming the offering had been completed 
on 
Jan. 1, 1994, earnings per share were 40 cents for the 1995 
second quarter vs. 31 cents for the year-earlier quarter and 98
cents for the 1995 nine-month period vs. 71 cents for the 
corresponding year-ago period.
*T
CONTACT: 

Anthony Industries Inc., Los Angeles

John J. Rangel, 213/890-5830