DAVIS WATER &lt;DWWS> RELEASES PRE-SPLIT EARNINGS

  Davis Water and Waste
  Industries Inc said it has restated its earnings on a pre-
  stock split basis for fiscal 1987's third quarter and nine
  months ended January 31, which were reported March 10 on a post
  four-for-three stock split basis.
      The company said its earnings per share for the third
  quarter on a pre-split basis, converts to 16 cts from 12 cts
  post-split, versus three cts pre-split from two cts post-split
  for fiscal 1986's third quarter.
      For the nine months, Davis said, earnings per share would
  convert to 77 cts and 44 cts for fiscal 1987 and 1986
  respectively, from 58 cts and 33 cts, respectively.
  

