SUMX Summa Industries

Summa Provides Third Quarter Outlook TORRANCE, Calif., April 26 /PRNewswire/ -- As reported in the Summa Industries conference call on March 23, 2004, bookings abruptly improved in February, too late to significantly impact the second quarter ended February 28, 2004. Since the conference call, bookings have accelerated. Bookings in the last 90 days are more than 15% ahead of same period last year. The Company has been able to increase production to meet the demand and management expects that sales and profit for the current quarter, which ends May 31, 2004, will be significantly higher than in any of its most recent six quarters. The reasons for the increase will be analyzed and reported after the quarter ends. Although the sales improvement is across most regions, segments and product lines, some of the strength has resulted from replenishment of customer inventory and some significant orders are final runs on projects which customers are transferring to China. Therefore, the Company is not in a position to comment on expectations about sales or profits beyond the current quarter. Summa Industries manufactures proprietary engineered plastic products for a broad spectrum of industrial and commercial markets Statements in this news release which relate to future plans, financial results or projections, events or performance 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 of 1934, as amended, and fall under the safe harbor. These forward-looking statements include, but are not limited to, statements regarding the level of new orders and the Company's future performance, including expectations regarding third quarter sales and profits. Actual results could differ materially from those anticipated in the forward-looking statements as a result of a number of factors, including, but not limited to a possible decline of order rates as sudden as the recent increase, a possible increase in the transfer of business offshore, unforeseen material expenses and other risks and uncertainties described in detail under "Risk Factors" in Summa's Annual Report on Form 10-K for the fiscal year ended August 31, 2003. For further information, contact James R. Swartwout of Summa Industries, +1-310-792-7024, or fax +1-310-792-7079, ; or http://www.summaindustries.com/. DATASOURCE: Summa Industries CONTACT: James R. Swartwout of Summa Industries, +1-310-792-7024, or fax, +1-310-792-7079, Web site: http://www.summaindustries.com/

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