Moore-Handley Reports Results of Operations for The Quarter Ended March 31, 2004


BIRMINGHAM, Ala., April 19, 2004 (PRIMEZONE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $330,000 or $0.19 per diluted share for the quarter ended March 31, 2004 vs. $167,000 or $0.09 per diluted share for the same period in 2003.

Sales for the quarter were $43,027,000, up 6.9% from the same quarter last year.

Selected financial data follow:



                          Moore-Handley, Inc.
                        Selected Financial Data
                             (UNAUDITED)

                                             Quarter Ended
                                                March 31
                                      ==============================
 
 Operations:                              2004               2003
                                      ===========        ===========
  
 Sales                                $43,027,000        $40,265,000


 Operating income                         762,000            494,000


 Income before income tax                 524,000            265,000

    
 Net income                           $   330,000        $   167,000
                                      ===========        ===========
                                      
 Net income per share - diluted       $      0.19        $      0.09
                                      ===========        ===========

 Weighted average diluted common
  shares outstanding                    1,749,000          1,911,000
                                      ===========        ===========

 Balance Sheets:

 Current assets                       $48,812,000        $48,980,000
 Other assets                             135,000            602,000
 Property & equipment, net              8,668,000          8,366,000
                                      -----------        -----------
 Total assets                          57,615,000         57,948,000
                                      ===========        ===========
 
 Current liabilities                   21,126,000         21,991,000
 Long term debt                        22,947,000         21,591,000
 Deferred income taxes                    947,000          1,032,000
 Stockholders' equity                  12,595,000         13,334,000
                                      -----------        -----------
 Total liabilities & stockholders' 
  equity                              $57,615,000        $57,948,000
                                      ===========        ===========


            

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