JIM WALTER CORP <JWC> 2ND QTR FEB 28 NET
Shr 86 cts vs 62 cts
    Shr diluted 86 cts vs 59 cts
    Net 28.0 mln vs 18.3 mln
    Revs 513.5 mln vs 517.0 mln
    First half
    Shr 2.03 dlrs vs 1.78 dlrs
    Shr diluted 2.03 dlrs vs 1.61 dlrs
    Net 65.9 mln vs 50.0 mln
    Revs 1.11 billion vs 1.08 billion
    Avg shrs 32.4 mln vs 28.1 mln
    Avg shrs diluted 32.4 mln vs 32.4 mln
    NOTE: 1987 net includes gains of 645,000 dlrs, or two cts a
share, in quarter and 12,290,000 dlrs, or four cts a share,
from reduced pension expense under new accounting procedures
    Net in both 1987 periods also includes gain of 4.0 mln
dlrs, or 12 cts a share, from sale of land in Alabama.
 Reuter
