Exhibit 99.1

LOWRANCE NEWS


For Immediate Release	Company Contact:	Investor Contact:

	Doug Townsdin Chief Financial Officer (918) 437-6881	Berkman Associates (310) 277-5162 info@berkmanAssociates.com

Lowrance Second Quarter Sales Increase 33%

Backlog Increases to $21,242,000 vs $15,696,000

TULSA, OK, February 28, 2005 . . . LOWRANCE ELECTRONICS, INC. (NASDAQ:LEIX) announced today that sales for the second quarter ended January 31, 2005 increased 33% to $32,646,000 compared to sales of $24,468,000 for the same period last year. Net income for the second quarter increased to $2,168,000, or $0.42 per diluted share, compared to $1,609,000, or $0.40 per diluted share for the same quarter of fiscal 2004. In the second quarter this year, weighted average common shares outstanding were 5,135,000, compared to 3,978,000 weighted average common shares outstanding in the same quarter last year.

For the six months ended January 31, 2005, sales increased 30% to $50,121,000 compared to sales of $38,504,000 for the same six month period last year. Net income increased to $463,000, or $0.10 per diluted share, compared to $38,000, or $0.01 per diluted share for the comparable period last year. During the first six months of fiscal 2005, weighted average common shares outstanding were 4,765,000, compared to 3,970,000 weighted average common shares outstanding for the same period last year.

Darrell Lowrance, President said, “New product sales, including strong January shipments of marine SONAR and SONAR/GPS navigation products, increased second quarter sales 33%. Second quarter sales also benefited from growing shipments of new, lower margin handheld and automotive GPS products.

“Operating expenses as a percent of sales in the first six months of fiscal 2005 decreased to 36% from 38% in the comparable period in fiscal 2004. This decrease occurred despite additional advertising and selling expenses to launch the award winning iWay 500C, our first automotive turn-by-turn GPS product, and higher research and development expenses related to the introduction of over 50 new products this year,” said Lowrance.

Lowrance enters the fiscal third quarter, its seasonally strongest quarter, with backlog of $21,242,000 at January 31, 2005, compared to backlog of $15,696,000 at January 31, 2004.

About Lowrance Electronics

Lowrance Electronics, Inc. (www.lowrance.com), designs, manufactures and markets SONAR and GPS products, digital mapping systems and accessories under the brand names “Lowrance,”® and “Eagle"® Electronics, “Lowrance Automotive^TM” and “Lowrance Avionics"®. These products are used in the following primary product markets: marine, general consumer (which includes handheld GPS outdoor recreational use and voice turn-by-turn navigational systems for aftermarket automotive use) and aviation.

This press release may include certain statements concerning expectations for the future that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control, including factors discussed in the Company’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. While the Company makes these statements and projections in good faith, neither the Company nor its management can guarantee that anticipated future results will be achieved. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

LOWRANCE ELECTRONICS, INC.
CONSENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(UNAUDITED)
(in thousands, except per share information)


	Three Months Ended					Six Months Ended
	January 31,					January 31,
	2005			2004		2005		2004
				(Restated)				(Restated)
NET SALES	$	32,646		$	24,468	$	50,121	$	38,504
COST OF SALES		20,325			14,405		31,256		23,389

Gross profit		12,321			10,063		18,865		15,115

OPERATING EXPENSES:
Selling and administrative		7,429			6,223		14,562		12,071
Research and development		1,533			1,214		3,224		2,444


Total operating expenses		8,962			7,437		17,786		14,515


Operating income		3,359			2,626		1,079		600

OTHER EXPENSES:
Interest expense		222			165		344		371
Other, net		(9	)		25		56		162


Total other expenses		213			190		400		533

INCOME BEFORE INCOME TAXES		3,146			2,436		679		67
PROVISION FOR INCOME TAXES		978			827		216		29


NET INCOME	$	2,168		$	1,609	$	463	$	38


NET INCOME PER SHARE
BASIC	$	0.42		$	0.43	$	0.10	$	0.01

DILUTED	$	0.42		$	0.40	$	0.10	$	0.01


WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING
BASIC		5,135			3,761		4,765		3,761

DILUTED		5,135			3,978		4,765		3,970


DIVIDENDS	none			none		$	940	$	940

OTHER COMPREHENSIVE INCOME NET OF TAX:
NET INCOME	$	2,168		$	1,609	$	463	$	38
FOREIGN CURRENCY TRANSLATION ADJUSTMENT		(15	)		58		242		221

COMPREHENSIVE INCOME	$	2,153		$	1,667	$	705	$	259

LOWRANCE ELECTRONICS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands)


		January 31,				July 31,
		2005		2004		2004
	ASSETS			(Restated)

CURRENT ASSETS:
Cash and cash equivalents		$	1,308	$	813	$	1,412
Trade accounts receivable, less allowances			23,353		15,582		10,276
Inventories			50,626		26,195		23,821
Current deferred income taxes			1,345		1,642		1,107
Prepaid income taxes			1,600		—		—
Prepaid expenses			3,033		1,456		2,041


Total current assets			81,265		45,688		38,657

PROPERTY, PLANT, AND EQUIPMENT, net			19,131		8,380		10,005
OTHER ASSETS			500		64		81

TOTAL ASSETS		$	100,896	$	54,132	$	48,743


LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:
Current maturities of long-term debt		$	1,073	$	1,831	$	1,874
Accounts payable			11,286		10,926		6,072
Accrued liabilities:
Compensation and benefits			2,938		2,463		3,175
Product costs			2,371		2,198		1,968
Income taxes			152		197		671
Other			1,733		1,239		1,119


Total current liabilities			19,553		18,854		14,879

LONG-TERM DEBT, less current maturities			26,752		15,650		6,040

DEFERRED INCOME TAXES			1,167		702		1,169

STOCKHOLDERS’ EQUITY:
Common stock, $.10 par value, 10,000,000 shares authorized, 5,135,516 shares issued and outstanding at January 31, 2005; 3,761,196 shares issued and outstanding at January 31, 2004 and July 31, 2004			514		377		377
Paid-in capital			34,316		7,417		7,449
Retained earnings			18,244		10,944		18,721
Accumulated other comprehensive income			350		188		108

Total stockholders’ equity			53,424		18,926		26,655


TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	100,896	$	54,132	$	48,743

LOWRANCE ELECTRONICS INC 8-K