DAYTON, Ohio--(BUSINESS WIRE)--October 29, 2008--Dayton Superior Corporation (NASDAQ: DSUP), the leading North American provider of specialized products for the non-residential concrete construction market, reported today its highest third quarter net income in nine years and record third quarter operating earnings.

The following results for its third quarter ended September 26, 2008, are compared with results for the similar period of 2007:

Sales of Dayton Superior’s concrete construction related products increased 4% to $117 million, stemming from higher selling prices partially offset by lower unit volume. Equipment rental revenues increased 4% to $15 million due to higher rental prices. Revenues from sales of used rental equipment declined slightly, due to the timing of customer demand.

Gross profit on product sales was $38 million, or 32% of product sales, compared with $30 million and 27% in the third quarter of 2007. Rental gross profit was $7 million, or 48% of rental revenue, compared with $6 million, or 40% of rental revenue, in the third quarter of 2007. Third quarter used rental equipment gross profit as a percent of sales of used rental equipment was 72% as compared to 85% in last year's third quarter.

Selling, general, and administrative expenses increased to $28 million or 21% of net sales compared to 2007 levels at $27 million or 20% of net sales, due to inflation and cost increases related to the higher net sales and gross profit.

Eric R. Zimmerman, Dayton Superior’s President and Chief Executive Officer, said, “The operational and organizational improvements made in this difficult market environment are significant. All facets of our organization contributed to our third quarter success. Our marketing and sales disciplines, manufacturing productivity, distribution center controls, and new product sales were all key to our improved financial performance. In light of the non-residential construction challenges in most regions, and the continued tight credit markets, we are pleased with our results through September.”

The following results for the first nine months of 2008 are compared with results for the similar period of 2007:

Mr. Zimmerman added, “While currently focusing efforts on addressing our subordinated debt that will mature in early 2009, we continue to actively pursue improvements in customer service, product line and geographical performance, and cost controls.”

The Company has scheduled a conference call at 11:00 a.m. ET, Thursday, October 30, 2008 to discuss the third quarter results. The conference call can be accessed by dialing 1-800-723-6575 or 1-785-830-1997 and entering ID# 8448455 at least 10 minutes before the start of the call to register. A replay of the call will be available from 2:00 p.m. ET on Thursday, October 30, 2008 through 11:59 p.m. ET on Thursday, November 13, 2008 by calling 1-888-203-1112 or 1-719-457-0820 and entering ID#8448455.

Dayton Superior is the leading North American provider of specialized products consumed in non-residential, concrete construction, and we are the largest concrete forming and shoring rental company serving the domestic, non-residential construction market. Our products can be found on construction sites nationwide and are used in non-residential construction projects, including: infrastructure projects, such as highways, bridges, airports, power plants and water management projects; institutional projects, such as schools, stadiums, hospitals and government buildings; and commercial projects, such as retail stores, offices and recreational, distribution and manufacturing facilities.

Note: Certain statements made herein concerning anticipated future performance are forward-looking statements. These forward-looking statements are based on estimates, projections, beliefs and assumptions of management and are not guarantees of future performance. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of important factors. Representative examples of these factors include (without limitation):

This list of factors is not intended to be exhaustive, and additional information concerning relevant risk factors can be found in Dayton Superior’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and current Reports on Form 8-K filed with the Securities and Exchange Commission.

Dayton Superior Corporation Summary Income Statement, Unaudited (amounts in thousands, except per share amounts)

	For the three months ended:
	September 26, 2008				September 28, 2007
	Amount		% of Sales		Amount			% of Sales

Product Sales	$	117,086	86.2	%	$	112,327		85.9	%
Rental Revenue		15,274	11.3	%		14,707		11.2	%
Used Rental Equipment Sales		3,415	2.5	%		3,789		2.9	%
Net Sales		135,775	100.0	%		130,823		100.0	%

Product Cost of Sales		79,056	67.5	%		82,394		73.4	%
Rental Cost of Sales		7,977	52.2	%		8,784		59.7	%
Used Rental Equipment Cost of Sales		974	28.5	%		581		15.3	%
Cost of Sales		88,007	64.8	%		91,759		70.1	%

Product Gross Profit		38,030	32.5	%		29,933		26.6	%
Rental Gross Profit		7,297	47.8	%		5,923		40.3	%
Used Rental Equipment Gross Profit		2,441	71.5	%		3,208		84.7	%
Gross Profit		47,768	35.2	%		39,064		29.9	%

Selling, General & Administrative		28,327	20.9	%		26,667		20.4	%
Facility Closing and Severance Expenses		158	0.1	%		140		0.1	%
Loss on Disposals of Property, Plant, and Equipment		107	0.1	%		217		0.2	%
Income from Operations		19,176	14.1	%		12,030		9.2	%

Interest Expense, net		12,293	9.1	%		11,635		8.9	%
Other Expense (Income)		102	0.1	%		(214	)	(0.2	%)
Income Before Income Taxes		6,781	4.9	%		609		0.5	%
Provision for Income Taxes		415	0.3	%		223		0.2	%
Net Income	$	6,366	4.6	%	$	386		0.3	%

Weighted Average Shares Outstanding		18,563				18,312
Basic Net Income Per Share	$	0.34			$	0.02

Weighted Average Shares and Equivalents Outstanding		19,298				19,302
Diluted Net Income Per Share	$	0.33			$	0.02

Rental Depreciation	$	2,929			$	4,207
Other Depreciation		2,734				2,442
Total Depreciation	$	5,663			$	6,650
Rental Gross Profit Without Depreciation		10,226	67.0	%		10,127		68.9	%

Dayton Superior Corporation Summary Income Statement, Unaudited (amounts in thousands, except per share amounts)

	For the nine months ended:
	September 26, 2008					September 28, 2007
	Amount			% of Sales		Amount			% of Sales

Product Sales	$	315,656		84.8	%	$	309,677		84.3	%
Rental Revenue		42,469		11.4	%		44,211		12.0	%
Used Rental Equipment Sales		14,066		3.8	%		13,473		3.7	%
Net Sales		372,191		100.0	%		367,361		100.0	%

Product Cost of Sales		218,229		69.1	%		226,160		73.0	%
Rental Cost of Sales		24,740		58.3	%		25,129		56.8	%
Used Rental Equipment Cost of Sales		2,038		14.5	%		3,214		23.9	%
Cost of Sales		245,007		65.8	%		254,503		69.3	%

Product Gross Profit		97,427		30.9	%		83,517		27.0	%
Rental Gross Profit		17,729		41.7	%		19,082		43.2	%
Used Rental Equipment Gross Profit		12,028		85.5	%		10,259		76.1	%
Gross Profit		127,184		34.2	%		112,858		30.7	%

Selling, General & Administrative		84,781		22.8	%		79,837		21.7	%
Facility Closing and Severance Expenses		1,332		0.4	%		591		0.2	%
(Gain) Loss on Disposals of Property, Plant, and Equipment		(306	)	(0.1	%)		478		0.1	%
Income from Operations		41,377		11.1	%		31,952		8.7	%

Interest Expense, net		37,162		10.0	%		34,769		9.5	%
Loss on Extinguishment of Long-term Debt		6,224		1.7	%		----		----
Other Expense		156		----			119		----
Loss Before Income Taxes		(2,165	)	(0.6	%)		(2,936	)	(0.8	%)
Provision for Income Taxes		671		0.2	%		454		0.1	%
Net Loss	$	(2,836	)	(0.8	%)	$	(3,390	)	(0.9	%)

Weighted Average Shares Outstanding		18,563					18,273
Basic and Diluted Net Loss Per Share	$	(0.15	)			$	(0.19	)

Rental Depreciation	$	10,676				$	12,145
Other Depreciation		7,578					6,337
Total Depreciation	$	18,254				$	18,482
Rental Gross Profit Without Depreciation		28,405		66.9	%		31,227		70.6	%

Dayton Superior Corporation Summary Balance Sheet, Unaudited (in thousands)

	As of:
	September 26, 2008			December 31, 2007
Summary Balance Sheet:
Cash	$	833		$	3,381
Accounts Receivable, Net		86,469			68,593
Inventories		95,253			66,740
Other Current Assets		6,405			6,458
Total Current Assets		188,960			145,172

Rental Equipment, Net		63,432			67,640
Property & Equipment, Net		54,267			56,812
Goodwill & Other Assets		48,480			47,629
Total Assets	$	355,139		$	317,253

Revolving Credit Facility	$	116,346		$	-
Current Portion of Long-Term Debt		258,469			8,990
Accounts Payable		28,267			39,204
Other Current Liabilities		35,988			34,933
Total Current Liabilities		439,070			83,127

Other Long-Term Debt		69			315,607
Other Long-Term Liabilities		7,572			8,162
Total Liabilities		446,711			406,896
Stockholders’ Deficit		(91,572	)		(89,643	)
Total Liabilities & Stockholders’ Deficit	$	355,139		$	317,253

Dayton Superior Corporation Summary Cash Flow Statement, Unaudited (in thousands)

	For the nine months ended:
	September 26, 2008			September 28, 2007
				(As Restated)

Net Loss	$	(2,836	)	$	(3,390	)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities		21,704			15,231
Changes in Assets and Liabilities		(57,184	)		(38,873	)
Net Cash Used in Operating Activities		(38,316	)		(27,032	)

Property, Plant and Equipment Additions, Net		(7,036	)		(13,907	)
Rental Equipment Proceeds (Additions), Net		8,394			(4,103	)
Net Cash Provided by (Used in) Investing Activities		1,358			(18,010	)

Net Borrowings Under Revolving Credit Facility		116,346			17,900
Repayments of Other Long-Term Debt		(72,604	)		(1,118	)
Financing Costs Incurred		(4,643	)		(659	)
Issuance of Shares of Common Stock		-			808
Prepayment Premium on Redemption of Long-term Debt		(4,641	)		-
Net Change in Loans to Stockholders		(24	)		1,191
Net Cash Provided By Financing Activities		34,434			18,122

Other, Net		(24	)		169
Net Decrease in Cash	$	(2,548	)	$	(26,751	)

CONTACT:
Dayton Superior Corporation
Edward J. Puisis, Executive Vice President & CFO
Phone: 937-428-7172
Fax: 937-428-9115