<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THE AMENDED FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM INDUSTRIAL HOLDINGS, INC. QUARTERLY REPORT ON FORM 10-Q/A AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

<S>                             <C>                                <C>                        <C>
<PERIOD-TYPE>                   3-MOS                              3-MOS                     12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999                        DEC-31-1998                DEC-31-1998
<PERIOD-END>                               MAR-31-1999                        MAR-31-1998                DEC-31-1998
<CASH>                                       1,484,538                          7,435,433                  3,412,411
<SECURITIES>                                         0                                  0                          0
<RECEIVABLES>                               46,341,072                         30,552,030                 45,577,133
<ALLOWANCES>                                         0                                  0                          0
<INVENTORY>                                 49,466,494                         22,931,438                 48,275,927
<CURRENT-ASSETS>                           113,937,692                         67,640,731                111,737,724
<PP&E>                                      76,536,620                         43,756,644                 73,327,902
<DEPRECIATION>                              15,905,888                         11,319,594                 14,533,956
<TOTAL-ASSETS>                             209,085,769                        120,352,329                203,668,655
<CURRENT-LIABILITIES>                      106,822,879                         47,280,249                102,502,134
<BONDS>                                              0                                  0                          0
<PREFERRED-MANDATORY>                                0                                  0                          0
<PREFERRED>                                          0                                  0                          0
<COMMON>                                       147,614                            130,065                    147,396
<OTHER-SE>                                  68,201,512                         54,708,478                 65,765,404
<TOTAL-LIABILITY-AND-EQUITY>               209,085,769                        120,352,329                203,668,655
<SALES>                                     72,774,728                         43,110,170                218,207,712
<TOTAL-REVENUES>                            72,774,728                         43,110,170                218,207,712
<CGS>                                       57,546,031                         32,244,566                168,368,694
<TOTAL-COSTS>                               57,546,031                         32,244,566                168,368,694
<OTHER-EXPENSES>                            10,493,392                          8,323,748                 38,310,642
<LOSS-PROVISION>                                     0                                  0                          0
<INTEREST-EXPENSE>                           1,995,745                            835,613                  5,336,898
<INCOME-PRETAX>                              3,906,653                          2,402,915                 10,232,875
<INCOME-TAX>                                 1,556,044                          1,010,108                  4,098,646
<INCOME-CONTINUING>                          2,350,609                          1,392,807                  6,134,229
<DISCONTINUED>                                       0                                  0                          0
<EXTRAORDINARY>                                      0                                  0                          0
<CHANGES>                                            0                                  0                          0
<NET-INCOME>                                 2,350,609                          1,392,807                  6,134,229
<EPS-BASIC>                                     0.16                               0.10                       0.44
<EPS-DILUTED>                                     0.16                               0.10                       0.42


</TABLE>