Moore-Handley: Quarterly Earnings

FOR IMMEDIATE RELEASE

For: Moore-Handley, Inc.                 Contact: L. Ward Edwards
     P.O. Box 2607                                 (404) 577-5532
     Birmingham, Al. 35202



           MOORE-HANDLEY REPORTS RESULTS OF OPERATIONS
               FOR THE QUARTER ENDED MARCH 31, 1998

     BIRMINGHAM, Al., April 16 - Moore-Handley, Inc. (NASDAQ 
     - MHCO) reports first quarter net income of $49,000 or $.03 per 
     share compared to a loss of $(381,000) or $(.18) per share for 
     the same quarter last year an improvement of $.21 per share.  
     Sales for the quarter were $40.5 million compared to $37.8 
     million last year, an increase of seven percent.

     Summary results of operations follow:
                                   Summary Statement of Operations
                                 (in thousands, except per share data)

                                    Quarter Ended March 31,
                                      1998          1997

Sales                                          $40,472       $37,842 
Total gross margin                               6,066         5,511 
Warehouse & delivery expense                     2,254         2,294 
Gross profit                                     3,812         3,217 
Selling & administrative expense                 3,374         3,498 
Operating income (loss)                            438          (281)
Interest expense                                   365           280 
Income (loss) before provision
  for income tax (benefit)                          73          (561)
Income tax (benefit)                                24          (180)
Net income (loss)                              $    49        $ (381)

Net income (loss) per share                    $   .03        $ (.18)
Weighted average 
 common shares outstanding                   1,855,000      2,154,000

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041698
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