UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
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       Date of report (Date of earliest event reported): March 31, 2006

                            REINHOLD INDUSTRIES, INC.
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             (Exact name of registrant as specified in its charter)

        DELAWARE                          0-18434                  13-2596288
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(State or other jurisdiction        (Commission File Number)   (I.R.S. Employer
of incorporation or organization)                            Identification No.)

12827 East Imperial Highway, Santa Fe Springs, California                 90670
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          (Address of Principal Executive Offices)                    (Zip Code)

                                 (562) 944-3281
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              (Registrant's telephone number, including area code)

                                       N/A
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          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

__ Written communications pursuant to Rule 425 under the Securities Act (17 CFR
   230.425)
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   (17 CFR 240.14a-12)
__ Pre-commencement communications pursuant to Rule 14d-2(b)
   under the Exchange Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
   Act (17 CFR 240.13e-4(c))








ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

REINHOLD INDUSTRIES ANNOUNCES FIRST QUARTER 2006 FINANCIAL RESULTS


SANTA FE SPRINGS, CA, Friday, May 12, 2006 Reinhold Industries, Inc. (NASDAQ:
RNHDA) of Santa Fe Springs, California, today announced financial results for
the first quarter 2006. Comparative 2005 results have been adjusted to remove NP
Aerospace Ltd. from continuing operations. NP Aerospace was sold in November
2005.

         First quarter 2006 revenues were $9.7 million, up $2.5 million (35%)
from first quarter 2005. Sales in the Aerospace business unit increased by $0.7
million (13%) due primarily to additional sales of components related to the
Minuteman III Propulsion Replacement Program. Sales in the Seating Products
business unit increased by $1.9 million (147%) compared with the first quarter
of 2005 due to a surge in aircraft seating demand from our largest customer and
production quantity sales to a new customer. Sales were essentially flat in the
Commercial business unit.

      Income from continuing operations before income taxes for the first
quarter of 2006 was $2.0 million, up $1.2 million (141%) compared to 2005 due to
increased sales and higher selling prices.

      Income from continuing operations for the first quarter of 2006 was $1.2
million, up $1.3 million compared to 2005. The effective tax rate for the first
quarter 2006 was 40% compared to 106% in 2005 due primarily to the impact of
repatriated foreign income in the first quarter of 2005.

      Income from discontinued operations for the first quarter 2006 was zero
compared to $1.7 million in 2005. Income from discontinued operations in the
first quarter 2005 includes financial results from NP Aerospace Ltd., which was
sold in November 2005.

         Net income for the first quarter of 2006 was $1.2 million, or $0.37 per
diluted share, compared to net income of $1.7 million, or $0.52 per diluted
share in 2005.

         "All product lines achieved significant increases in profitability
compared to 2005" said Michael T. Furry, President and CEO of Reinhold. "Our
seating products financial performance reflected the shipment and completion of
a significant customer program order during the quarter. While we do not expect
that revenues associated with this program will continue at the first quarter
levels, we do expect that the improvement in financial performance that began in
the fourth quarter of 2005 will continue."






         This news release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve risks and uncertainties, and Reinhold's actual experience may
differ materially from that anticipated in such statements. Factors that might
cause such a difference include those discussed in Reinhold's filings with the
Securities and Exchange Commission, including but not limited to its most recent
proxy statement, Form 10-K and Form 10-Q.

         Reinhold Industries, Inc. is a manufacturer of advanced custom
composite components and sheet molding compounds for a variety of applications
in the United States and Europe.


                    Reinhold Industries, Inc. (NASDAQ: RNHDA)
                  (Amounts in Thousands, Except Per Share Data)
                                   (Unaudited)



                                                    Three Months Ended
                                                  3/31/06           3/31/05

Sales                                              $9,679            $7,181
Income from continuing operations
  before income taxes                               2,006               832
Income (loss) from continuing
  operations                                       $1,207            ($  54)
Income from discontinued
  operations                                       $    -            $1,749
Net income                                         $1,207            $1,695
Diluted EPS- continuing operations                  $0.37            ($0.02)
Diluted EPS                                         $0.37             $0.52





                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                  REINHOLD INDUSTRIES, INC.


Date:  May 12, 2006               By:   /s/ Brett Meinsen
                                  -------------------------

                                  Name:  Brett Meinsen
                                  Title:    Treasurer