UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC  20549
                                
                                
                                
                                FORM 10-Q
                                
                                
                                
    (Mark One)
    [ X ]          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934
    For the quarterly period ended:  April 30, 1998

                                   OR
                                
    [    ]         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934
    For the transition period from _________ to ___________

    Commission file number
       0-12619
                                
    Collins Industries, Inc.
    (Exact name of registrant as specified in its charter)
                                
    Missouri    
    (State or other jurisdiction of incorporation)
    
    43-0985160
    (I.R.S. Employer Identification Number)
                                
    15 Compound Drive
    Hutchinson, Kansas                         67502-4349
    (Address of principal executive offices)   (Zip Code)
                                
    Registrant's telephone number including area code
    316-663-5551
                                
    Indicate  by check mark whether the registrant (1) has filed  all
    reports  required  to be filed by Section  13  or  15(d)  of  the
    Securities  Exchange Act of 1934 during the preceding  12  months
    (or  for such shorter period that the registrant was required  to
    file  such  reports),  and (2) has been subject  to  such  filing
    requirements for the past 90 days.


                              Yes  X   No  

                  APPLICABLE ONLY TO CORPORATE ISSUERS:
                                
    Indicate the number of shares outstanding of each of the issuer's
    classes of common stock, as of the latest practicable date.


    Common Stock, $.10 par value                      7,529,281
          Class                            Outstanding at May 29, 1998


                COLLINS INDUSTRIES, INC. AND SUBSIDIARIES
                                
                                FORM 10-Q
                             April 30, 1998
                                
                                  INDEX
                                
    PART I.   FINANCIAL INFORMATION                               PAGE NO

          Item 1.  Financial Statements:

              Consolidated Condensed Balance Sheets
                   April 30, 1998 and October 31, l997               3

              Consolidated Condensed Statements of Income -
                   Three and Six Months Ended April 30, 1998
                    and 1997                                         4

              Consolidated Condensed Statements of Cash Flow -
                   Six Months Ended April 30, 1998 and 1997          5

              Notes to Consolidated Condensed Financial Statements   6

          Item 2.

              Management's Discussion and Analysis of Financial
                   Condition and Results of Operations               8


    PART II.  OTHER INFORMATION

              Item 6.  Exhibits and Reports on Form 8-K             11


    SIGNATURES                                                      13
    
    PART I - FINANCIAL INFORMATION

    Item 1 - Financial Statements

                Collins Industries, Inc. and Subsidiaries
                  CONSOLIDATED CONDENSED BALANCE SHEETS
                                
                                             April 30,      October 31,
                                               1998            1997   
                                            (Unaudited)                  
    ASSETS                                                 
    Current Assets:                                        
       Cash                                 $   159,327    $   189,152      
       Receivables, trade & other, net        6,815,449      6,745,973
       Inventories, lower of cost (FIFO) 
        or market (Note 2)                   26,296,581     25,686,022
       Prepaid expenses and other current                           
        assets                                  549,949      1,380,998
            Total current assets             33,821,306     34,002,145    
                                                                              
    Property and equipment, at cost          35,303,393     32,232,490
       Less:  accumulated depreciation       20,383,685     19,800,671       
       Net property and equipment            14,919,708     12,431,819
    Other assets                                684,987        729,166       
       Total Assets                         $49,426,001    $47,163,130

                                                       
    LIABILITIES & SHAREHOLDERS' INVESTMENT                 
    Current liabilities:                                   
       Current maturities of long-term      
        debt & capitalized leases           $ 1,160,368    $ 1,094,948
       Accounts payable                      13,514,359     14,200,975
       Accrued expenses                       4,151,441      3,663,382         
        Total current liabilities            18,826,168     18,959,305
                                                      
    Long-term debt and capitalized leases    10,779,007      8,361,887
                                                       
    Shareholders' investment:                              
       Common stock                             753,218        738,568
       Paid-in capital                       18,524,519     18,918,903
       Retained earnings                        543,089        184,467          
         Total shareholders' investment      19,820,826     19,841,938
         Total liabilities & 
          shareholders'investment           $49,426,001    $47,163,130
                                                       
    (See accompanying notes)                               
                                                       
                Collins Industries, Inc. and Subsidiaries
               CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                               (Unaudited)
                                
                         Three Months Ended           Six Months Ended
                               April 30,                  April 30,  
                         1998          1997           1998         1997
                                                    
    Sales              $38,332,942  $41,412,125    $76,813,564   $76,692,736   
    Cost of Sales       32,473,612   34,401,598     65,909,552    64,615,874
      Gross profit       5,859,330    7,010,527     10,904,012    12,076,862
                                                     
    Selling, general
     and administrative
     expenses            3,914,767    3,779,880      7,735,225     7,485,399
                                                    
      Income from
       operations        1,944,563    3,230,647      3,168,787     4,491,463
                                                     
    Other income (expense):
      Interest expense    (341,551)    (448,034)      (728,180)     (912,334)
      Other, net           120,948       53,040        201,177       169,432   
                          (220,603)    (394,994)      (527,003)     (742,902)
    Income before provision
      for income taxes   1,723,960    2,835,653      2,641,784     3,848,561
                                                     
    Provision for income                                        
      taxes                604,000      800,000        924,000       800,000
                                                     
    Net income         $ 1,119,960  $ 2,035,653    $ 1,717,784   $ 3,048,561
                                                     
    Earnings Per Share (Note 3):
      Basic            $       .15  $       .28    $       .23   $       .42
      Diluted          $       .14  $       .26    $       .22   $       .39
                                                     
    Dividends per
     share             $      .025  $      .025    $      .180   $      .025
                                                     
    Weighted average common
    and common equivilent shares
    outstanding:                                       
      Basic              7,560,060    7,382,809      7,505,898     7,343,233
      Diluted            7,742,633    7,685,554      7,768,438     7,727,362

    (See accompanying notes)

                Collins Industries, Inc. and Subsidiaries
             CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW
                               (Unaudited)
                                
                                                 Six Months Ended
                                                    April 30,
                                                1998          1997
    Cash flow from operations:                           
      Cash received from customers           $76,744,088    $75,728,763
      Cash paid to suppliers and employees   (73,577,941)   (72,827,784)
      Interest paid                             (689,486)    (1,010,205)

        Cash provided by operations            2,476,661      1,890,774
                                                     
    Cash flow from investing activities:                 
      Capital expenditures                    (3,144,067)      (546,288)
      Proceeds from sale of property and               
       equipment                                 249,166         16,500
      Other, net                                (355,229)       (54,408)
                                                     
        Cash used in investing activities     (3,295,615)      (584,196)
                                                     
    Cash flow from financing activities:                 
      Net increase in other borrowings         3,829,563        (62,029)
      Principal payments of long-term debt             
        and capitalized leases                (1,347,023)      (589,371)
      Proceeds from exercise of stock   
        options                                   77,566         72,200
      Acquisition and retirement of   
        treasury stock                          (457,300)      (538,200)
      Payment of dividends                    (1,359,162)       (184,664)
                                                     
         Cash provided by (used in)                           
           financing activities                  743,644     (1,302,064)
                                                     
    Net increase (decrease) in cash              (29,825)         4,514      
                                                     
    Cash at beginning of period                  189,152        255,405
                                                     
    Cash at end of period                   $    159,327    $   259,919
                                                     
    Reconciliation of net income to net cash provided by operations:
                                                     
      Net income                            $ 1,717,784     $ 3,048,561
      Depreciation and amortization             851,905         878,175
      Increase in receivables                   (69,476)       (963,973)
      Increase in inventories                  (610,559)     (1,760,380)
      Decrease (increase) in prepaid        
       expenses and other current assets        831,049        (249,345)
      Decrease (increase) accounts payable
       and accrued expenses                    (198,557)        948,445
      Gain on sale of property and                             
       equipment                                (45,485)        (10,709)
                                                     
    Cash provided by operations             $ 2,476,661      $1,890,774
                                                     
    (See accompanying notes)                             
    
                  COLLINS INDUSTRIES, INC. AND SUBSIDIARIES
                                
           Notes to Consolidated Condensed Financial Statements
                                (Unaudited)
                                
    (1)  General

    The  preparation  of  financial  statements  in  conformity  with
    generally  accepted accounting principles requires management  to
    make  estimates and assumptions that affect the reported  amounts
    of assets and liabilities and disclosure of contingent assets and
    liabilities  at  the  date of the financial  statements  and  the
    reported  amounts of revenues and expenses during  the  reporting
    period.  Actual results could differ from those estimates.

    In   the   opinion  of  management,  the  accompanying  unaudited
    consolidated   condensed   financial   statements   contain   all
    adjustments (consisting of only normal recurring items) necessary
    to  summarize fairly the Company's financial position and results
    of  operations for the three and six months ended April 30,  1998
    and  1997, and the cash flows for the six months ended April  30,
    1998 and 1997.

    The  Company  suggests that the unaudited Consolidated  Condensed
    Financial Statements for the three and six months ended April 30,
    1998 be read in conjunction with the Company's Annual Report  for
    the year ended October 31, 1997.

    (2)  Inventories

    Inventories,  which  include material, labor,  and  manufacturing
    overhead, are stated at the lower of cost (FIFO) or market.

    Major classes of inventories as of April 30, 1998 and October 31,
    1997, consisted of the following:

                                  April 30, 1998    October 31, 1997
                                       
      Chassis                      $ 8,297,674         $ 7,675,115
      Raw materials & components     9,413,671           8,673,308
      Work in process                3,715,222           4,173,173
      Finished goods                 4,870,014           5,164,426
                                   $26,296,581         $25,686,022

    (3)  Earnings per Share

    In 1997, the Financial Accounting Standards Board (FASB) issued
    Statement No. 128, Earnings per Share (EPS), which requires the
    reporting of basic and diluted earnings per share.  The Company
    adopted Statement 128 in the first quarter of 1998 as required.
    Earnings per share and weighted average shares outstanding for
    all periods presented have been restated to conform to Statement
    128.  Basic earnings per share excludes any dilutive effects of
    stock options and is computed by dividing net income by the
    weighted average shares of common stock outstanding for the
    period.  Diluted earnings per share is computed by dividing net
    income by the weighted average shares of common stock outstanding
    for the period plus the shares that would be outstanding assuming
    the exercise of dilutive stock options.  The effect of dilutive
    stock options on weighted average shares outstanding was 182,573
    and 302,745 for the quarters ended April 30, 1998 and 1997,
    respectively.  The effect of dilutive stock options on weighted
    average shares outstanding was 262,540 and 384,129 for the six
    months ended April 30, 1998 and 1997, respectively.

    Options to purchase 2,500 shares of common stock at an exercise
    price of $7.56 and 684,300 shares of common stock at exercise
    prices ranging from $4.25  to $6.00 were outstanding during the
    quarter ended April 30 of 1998 and 1997, respectively.
    Accordingly, these were not included in the computation of
    diluted EPS because the options exercise price was greater than
    the average market price of common shares.

    Options to purchase 2,500 shares of common stock at an exercise
    price of $7.56 and 421,400 shares of common stock at exercise
    prices ranging from $4.25  to $6.00 were outstanding during the
    six months ended April 30 of 1998 and 1997, respectively.
    Accordingly, these were not included in the computation of
    diluted EPS because the options exercise price was greater than
    the average market price of common shares.

    (4)  Contingencies and Litigation
 
    At April 30, 1998 the Company had contingencies and litigation
    pending which arose in the ordinary course of business.
    Litigation is subject to many uncertainties and the outcome of
    the individual matters is not presently determinable.  It is
    management's opinion that this litigation would not result in
    liabilities that would have a material adverse effect on the
    Company's consolidated financial position.

    (5) Income Taxes

    The provision for income taxes for three and six months ended
    April 30, 1998  is calculated at statutory rates.  The Company's
    income tax expense for the three and six months ended April 30,
    1997 was less than statutory rates due to the impact of the
    utilization of net operating loss carryforwards and general
    business tax credits.

    Item 2 - Management's Discussion and Analysis of Financial
             Condition and Results of Operations

    RESULTS OF OPERATIONS:
 
    Net Sales

    Sales for the quarter ended April 30, 1998, decreased 7.4% from
    the same period in fiscal 1997.  This decrease was principally
    due to lower sales of ambulances, partially offset by higher
    sales of bus products.
 
    The Company's consolidated sales backlog at April 30, 1998 was
    $44.3 million compared to $45.5 million at October 31, 1997 and
    $46.9 million at April 30, 1997.

    Cost of Sales
 
    Cost of sales for the quarter ended April 30, 1998 were 84.7% of
    sales compared to 83.1% for the same period in fiscal 1997.  The
    percentage increase was principally due to program discounts and
    higher sales incentives on closing out 1997 models over that of the
    same period last year. The Company's cost of sales for the six months
    ended April 30, 1998 were 85.8% of sales compared to 84.3% of sales
    for the same period in fiscal 1997.  Increases were principally due
    to the same reasons discussed above.

    Other Income (Expense)

    Interest expense decreased principally as a result of the Company's
    overall reduction of its outstanding interest-bearing debt.

    Income Taxes

    The Company's income tax expense for the quarter ended April 30,
    1998 and 1997 were 35% and 28% of income before provisions for
    income taxes.  For the quarter ended April 30, 1998, provisions
    for income taxes were calculated based on statutory income tax
    rates.  For the quarter ended April 30, 1997, due to the
    utilization of net operating loss carryforwards and general
    business tax credits, the company calculated a provision of less
    than the statutory income tax rate.  All carryforwards of net
    operating losses and tax credits were utilized in the fiscal year
    ended October 31, 1997.  Accordingly, the Company expects future
    income tax provisions to be based on statutory income tax rates.
 
    The Company's income tax expense for the six months ended April
    30, 1998 and 1997 were 35% and 21% of income before provisions
    for income taxes.  Differences between 1998 and 1997 provisions
    are principally due to the same reasons discussed in the
    immediately preceding paragraph.

    Net Income

    The Company's net income for the quarter ended April 30, 1998 was
    $1.1 million ($.15 per share-basic) compared to $2.0 million
    ($.28 per share-basic) for the same period in fiscal 1997. The
    decrease in the Company's net earnings was principally
    attributable to a decrease in ambulance sales.  This decrease was
    partially offset by an increase in bus sales.

    The Company's net earnings were $1.7 million ($.23 per share-
    basic) for the six months ended April 30, 1998 compared to $3.0
    million ($.42 per share-basic) for the six months ended April 30,
    1997.  The net income change is principally due to the same
    reasons discussed in the immediately preceding paragraph.


    LIQUIDITY AND CAPITAL RESOURCES:

    The Company used existing credit lines, internally generated
    funds and supplier financing and financing from issuance of
    Industrial Revenue Bonds to fund its operations and capital
    expenditures for the three and six months ended April 30, 1998.

    Cash provided by operations was $2.5 million for the six months
    ended April 30, 1998 compared to $1.9 million for the six months
    ended April 30, 1997.  Cash provided by operations principally
    resulted from the Company's net income ($1.7 million),
    depreciation ($.9 million) and a decrease in prepaid expense ($.8
    million) and was partially offset by increases in inventories
    ($.6 million), during the six months ended April 30, 1998.

    Cash used in investing activities was $3.3 million for the six
    months ended April 30, 1998 compared to $.6 million for the six
    months ended April 30, 1997.  The increase was principally due to
    higher capital expenditures for the expansion of the Company's
    bus manufacturing facilities.

    Cash flow provided by financing activities was $.7 million for
    the six months ended April 30, 1998 compared to cash used in
    financing activities of $1.3 million for the six months ended
    April 30, 1997.  This change principally resulted from increases
    in borrowing for the six months ended April 30, 1998.  This
    increase was partially offset by the payment of three cash
    dividends totaling $1.4 million. The Company paid a regular
    quarterly cash dividend of $.025 per share in December, 1997 and
    March, 1998, and a special cash dividend of $.13 per share in
    January, 1998.

    The Company believes that its cash flows from operations and bank
    credit lines will be sufficient to satisfy its future working
    capital and capital expenditure requirements.
    <PAGE> 
    In December 1997, the Company entered into a capitalized lease
    agreement with the City of South Hutchinson, Kansas for the
    issuance of $3.5 million of 1997 Industrial Revenue Bonds.  The
    bonds bear interest at rates ranging from 4.75% to 5.80% and
    mature serially over a period of ten years.  The proceeds of the
    bonds will be used to construct and equip an addition to the
    Company's bus manufacturing facilities.  As of April 30, 1998,
    unused net proceeds from the bonds were $1.5 million.  Except as
    previously noted, at April 30, 1998 there were no other
    significant or unusual contractual commitments or capital
    expenditure commitments.

    SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
    REFORM ACT OF 1995

    Except for the historical information contained herein, certain
    matters discussed in this Form 10-Q are forward-looking
    statements which involve risks and uncertainties, including but
    not limited to economic, competitive, governmental and
    technological factors affecting the Company's operations,
    markets, products, services, prices and other factors.
    
    PART II - OTHER INFORMATION

    Item 1 - Legal Proceedings
             Not applicable

    Item 2 - Changes in Securities
             Not applicable

    Item 3 - Defaults on Senior Securities
             Not applicable

    Item 4 - Submission of Matters to a Vote of Security-Holders
             Not applicable

    Item 5 - Other Information
             Not applicable

    Item 6 - Exhibits and Reports on Form 8-K

            (a)  Exhibits:
                       27.0 - EDGAR Financial Data Schedule

            (b)  Reports on Form 8-K - No reports on Form 8-K were filed
                 during the quarter ended April 30, 1998.

                              SIGNATURE


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


                                      COLLINS INDUSTRIES, INC.
                                      (REGISTRANT)





    DATE     June 9, 1998             /s/ Larry W. Sayre
                                      LARRY W. SAYRE
                                      VICE PRESIDENT - FINANCE AND
                                      CHIEF FINANCIAL OFFICER
                                      (Principal Accounting Officer)