FROM:          Shelley Young
               Thomson Financial/Carson
               (212) 701-1945

CONTACT:       Donald Hauck, Sr. Vice President
               (716) 665-2510 Ext. 3509


                         SLIGHTLY AHEAD OF PRIOR GUIDANCE

                    Will Host Conference Call on April 16, 2002 at 8:30 a.m.

JAMESTOWN, N.Y. – April 15, 2002 - Bush Industries (NYSE:BSH), a diversified global
furniture manufacturer and leading supplier of surface technologies, today reported net sales of
$88.3 million and net income of $1.1 million, or $0.08 per diluted share, for the first quarter
ended March 30, 2002.

Consolidated net sales for the first quarter of 2002 of $88.3 million were ahead of prior guidance of
$80.0 million to $85.0 million due to increased point of sale activity by key North American
furniture customers. Bush Furniture-Europe sales were as anticipated. Bush Technologies sales
increased by approximately 10 percent over the fourth quarter of 2001. Comparable consolidated
net sales for this same period a year ago were $104.6 million.

Net income for the first quarter of 2002 of $1.1 million, or $0.08 per diluted share, was ahead of
prior guidance of $0.04 to $0.07 per diluted share, reflecting the increase in sales and production in
Bush’s North American furniture operations. Net income reported for the first quarter of 2001 was
$3.9 million, or $0.28 per diluted share. In accordance with SFAS No. 142, after the addition of the
amortization expense relating to goodwill, net income was $4.2 million, or $0.29 per diluted share,
for the comparable period in 2001.

Paul Bush, Chairman and Chief Executive Officer of Bush Industries, said, “We are encouraged by


indications that the retail climate is starting to improve. Our aggressive marketing and product
development efforts are resulting in new product placements in each of our divisions in line with
our strategic plans.      Our efforts in cost containment, lean manufacturing, working capital
management and lower capital expenditures have allowed us to reduce long-term debt during the
quarter by approximately $12.0 million to approximately $109.1 million at the quarter end.
Previous capital investments have provided us the capability to use lean manufacturing techniques
to achieve best-in-class service with lower inventory levels. These overall initiatives have enabled
us to reduce the long-term debt by a total of $41.4 million over the last three quarters."

Select strategic highlights by division are as follows:

       Bush Furniture – Bush will introduce over 50 new products at the upcoming High Point
        Furniture Show in North Carolina later this week.           These new product offerings are
        primarily focused in two areas. The first is a line of mid to upper price point furniture to
        take advantage of the growth of the new wide screen televisions. Secondly, several more
        promotionally priced families of home entertainment products to expand the price point
        range of product offerings. These introductions should further enhance Bush's position in
        the home entertainment and home furnishings furniture segment.

       Bush Business Furniture (BBF) – During the first quarter, the BBF division launched 40
        new products, ahead of the original schedule. Another 80 new products are planned for
        rollout in the second quarter.         David White was named President, Bush Business
        Furniture, reporting to Rob Ayres. Mr. White has over 22 years of senior executive
        management experience in the industry with several operating companies of Hon
        Industries, most recently, Allsteel.

        Commenting on the announcement, Paul Bush said, “We are pleased to welcome David
        to our organization. His extensive experience in the commercial office industry uniquely
        positions him to be the President of Bush Business Furniture and supports our focus and
        investment in this key sector."


       Bush Technologies – During the quarter, Bush Technologies continued to make gains with
        major cell phone OEMs to distribute both cell phone accessories and replaceable decorative
        faceplates. Additionally, at the March Cellular Telecommunications & Internet Association
        (CTIA) show held in Orlando, Florida, Bush Technologies continued to expand product
        assortments of cell phone accessories and replaceable decorative faceplates from leading
        manufacturers for distribution into major retailers.

       Bush Furniture-Europe – During the quarter, we commenced an extensive product rollout
        with a major U.S. office superstore with operations in Europe. As a result of the success of
        this program, Bush was recognized by this customer in the areas of product launch and
        service, and received an award for best key account management.

Guidance for Second Quarter
Commenting on the outlook for the second quarter of 2002, Paul Bush said, “Historically, the
second quarter is a weak quarter in terms of sales in our furniture business.      However, we do
anticipate overall sales for the second quarter to be ahead of last year's same quarter. While we see
improvement in the North American point of sale activity, Europe, especially Germany, will
continue to be negatively impacted by current slow market conditions. Bush Technologies sales are
anticipated to show significant growth over the first quarter due to an increase in both OEM cell
phone faceplate demand and recent gains in the distribution of replaceable decorative faceplates and
cell phone accessories to major retailers.”

In line with previously announced plans, Bush will continue to operate in a conservative mode in
terms of inventory, working capital management, capital spending and cost containment.            In
addition, unlike the previous second quarter, the Company is not planning to increase its finished
goods inventory, which will negatively impact the bottom line results on a quarter over quarter
basis. In summary, the Company is anticipating sales of approximately $78.0 million to $83.0
million and EPS to be in the range of $0.03 to $0.06 per diluted share for the second quarter of

BUSH INDUSTRIES ANNOUNCES FIRST QUARTER SALES AND EARNINGS                                              4

The Board of Directors of Bush also declared a regular quarterly dividend of $0.05 per share,
payable on May 31, 2002 to shareholders of record as of May 17, 2002.

The Company will host a conference call with management on Tuesday, April 16, 2002 at 8:30 a.m.
ET to discuss first quarter results. For those who wish to participate on the conference call, the toll-
free number is (888) 809-8965, the pass-code is “Bush” and the leader’s name is Don Hauck. A
replay of the call in its entirety will be available by telephone for seven days following completion
of the live call, at (888) 568-0362, using the password “Bush” and the leader’s name, Don Hauck.

The conference call will also be web cast simultaneously over the Internet through Investor
Broadcast Network's web site, which can be accessed at www.Vcall.com, and will be rebroadcast
by Vcall through Tuesday, April 23, 2002.

Bush Industries (NYSE: BSH) is a diversified global furniture manufacturer and leading supplier
of surface technologies. The company operates its business in four segments: Bush Business
Furniture, which concentrates on the business office and the home office markets with sales to
the office superstore and dealer channels; Bush Furniture, which focuses on home entertainment,
home office and other home furnishings products; Bush Furniture-Europe, which sells
commercial, home office and other furnishings in the European market; and Bush Technologies,
which is focused on the cell phone accessories after-market, as well as the utilization of surface
technologies in diverse applications such as automotive interiors, cosmetics, sporting goods and
consumer electronics. Bush operates several manufacturing and warehouse facilities throughout
North America and Germany.

                                           -Tables Follow-

                          BUSH INDUSTRIES, INC. AND SUBSIDIARIES

Financial Highlights (Unaudited)

The following data sets forth certain unaudited condensed consolidated statement of earnings
information for the first three-month period of 2002 and 2001:

                                                          For the 13 Weeks Ended
                                                           3/30/02           3/31/01
                                               (In Thousands Except Shares and Per Share Data)

Net sales                                                        $88,332    $104,628

Costs and expenses:
  Cost of sales                                                   63,675      72,857
  Selling, general, and
    administrative                                                21,094      22,485
  Interest expense                                                 1,725       2,625

                                                                  86,494      97,967

Earnings before income taxes                                       1,838       6,661

Income tax expense                                                  745         2,748

Net earnings                                                 $     1,093     $ 3,913

Earnings per share
   Basic                                                            $.08         $.29
   Diluted                                                          $.08         $.28

Weighted average shares outstanding
  Basic                                                  13,777,000        13,669,000
  Diluted                                                14,081,000        14,158,000

BUSH INDUSTRIES ANNOUNCES FIRST QUARTER SALES AND EARNINGS                                                          6

Other Sales and Earnings Information (In Thousands):

                                                                        For the 13 Weeks Ended
                                                                        3/30/02        3/31/01

Net Sales From External Customers:
 Bush Business Furniture                                                $40,344              $ 46,235
 Bush Furniture                                                          29,327                31,057
 Bush Furniture – Europe                                                 13,976                16,211
 Bush Technologies                                                        4,685                11,125
Consolidated Net Sales                                                  $88,332              $104,628

Segment Earnings (Loss) Before Income Taxes:
 Bush Business Furniture                                               $ 1,700               $ 1,703
 Bush Furniture                                                            947                   209
 Bush Furniture – Europe                                                  (499)                  195
 Bush Technologies                                                        (310)                4,554
Consolidated Earnings Before Income Taxes                              $ 1,838               $ 6,661

Certain Consolidated Balance Sheet Data (In Thousands):

                                                                        3/30/02             12/29/01

Cash and Cash Equivalents                                              $ 2,356               $ 1,589
Trade Receivables                                                       17,721                16,872
Inventories                                                             52,737                55,297
Total Current Assets                                                    79,969                85,249
Property, Plant & Equipment, Net                                       203,052               207,334
Total Assets                                                           312,173               321,177

Current Liabilities                                                      43,905                41,726
Long-Term Debt                                                          109,125               121,118
Total Liabilities                                                       171,607               181,204
Stockholders’ Equity                                                    140,566               139,973
Total Liabilities and Stockholders’ Equity                              312,173               321,177

Certain statements and information included in this press release constitute "forward-looking statements'' within the
meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to
differ materially from forecasted results. Forward-looking statements include statements regarding the intent, belief,
projected or current expectations of the Company or its Officers (including statements preceded by, followed by or
including forward-looking terminology such as "may,'' "will,'' "should,'' "believe,'' "expect,'' "anticipate,''
"estimate," "continue'' or similar expressions or comparable terminology), with respect to various matters. The
Company cannot guarantee future results, levels of activity, performance or achievements. Factors that could cause
or contribute to such differences include, but are not limited to, economic, competitive, governmental and
technological factors affecting the Company's operations, markets, products, services and prices, and other factors

BUSH INDUSTRIES ANNOUNCES FIRST QUARTER SALES AND EARNINGS                                                      7

discussed in the Company's filings with the Securities and Exchange Commission (the "SEC''). Copies of the
Company's SEC filings are available from the SEC or may be obtained upon request from the Company. The
Company does not undertake any obligation to update the information contained herein, which speaks only as of
this date.


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