-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, PuC23Fgxi0C8ISQpkej9hkyUVk2Vfx8a65qvmoyi8pZO1DvvWE52Q1LkCVZVtOsk nXaqsAc4qDQCkWuI1Xslgw== 0000101063-95-000013.txt : 19950502 0000101063-95-000013.hdr.sgml : 19950502 ACCESSION NUMBER: 0000101063-95-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950427 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950501 SROS: BSE SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHIQUITA BRANDS INTERNATIONAL INC CENTRAL INDEX KEY: 0000101063 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] IRS NUMBER: 041923360 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01550 FILM NUMBER: 95533146 BUSINESS ADDRESS: STREET 1: 250 E FIFTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5137848011 FORMER COMPANY: FORMER CONFORMED NAME: UNITED BRANDS CO DATE OF NAME CHANGE: 19900403 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 27, 1995 CHIQUITA BRANDS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) New Jersey 1-1550 04-1923360 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 250 East Fifth Street, Cincinnati, Ohio 45202 (Address of principal executive offices) Registrant's telephone number, including area code: (513) 784-8011 INFORMATION TO BE INCLUDED IN THE REPORT Items 1, 2, 3, 4, 6 and 8 are not applicable and are omitted from this Report. Item 5. Other Events. Reference is made to the Company's News Release issued April 27, 1995, attached as Exhibit 7(c)99.1, reporting its results for the quarter ended March 31, 1995. This current report is being filed for the purpose of incorporating the information contained herein by reference into the Company's Registration Statement No. 33-58705 filed on behalf of a selling shareholder. Item 7. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. 99.1. News Release of the Company issued April 27, 1995. SIGNATURES 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 hereunto duly authorized. Date: April 27, 1995 CHIQUITA BRANDS INTERNATIONAL, INC. By /S/ William A. Tsacalis Vice President and Controller EX-99 2 Exhibit 7(c)99.1 CHIQUITA BRANDS INTERNATIONAL NEWS RELEASE CHIQUITA ANNOUNCES FIRST QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDENDS CINCINNATI, OHIO, April 27, 1995 -- Chiquita Brands International, Inc. today reported net income of $37.6 million ($.62 per share) for the quarter ended March 31, 1995. For the 1994 first quarter, the Company reported income of $35.5 million ($.62 per share) before an extraordinary loss on prepayment of debt of $22.8 million ($.40 per share). Net income for the first quarter of 1994 was $12.7 million ($.22 per share). Net sales for the 1995 quarter decreased to $1,028 million from $1,056 million in 1994 as a result of the sale of the Company's specialty meat operations during the prior year's first quarter. Operating income for the quarter was $80.4 million in 1995 and $82.0 million in 1994, with lower earnings from the sale of bananas partially offset by improved earnings from other food products within Chiquita's core businesses. Although improved, results for the Company's Meat Division held for sale were not significant in either the 1995 or 1994 first quarter. Net income for the 1995 quarter includes a decrease in net interest expense resulting from debt refinancing and reduction activities since the beginning of 1994. Separately, the Company declared quarterly cash dividends of $.05 per share on its common stock and $.7188 per share on its Series A Preferred Stock. The Company also declared a quarterly dividend of $.33 per share on its $1.32 Depositary Shares payable in the form of .0244 share of Chiquita common stock as permitted by the terms of the Depositary Shares. Each dividend is payable June 7, 1995 to shareholders of record at the close of business on May 21, 1995. Chiquita is a leading international marketer, processor and producer of quality food products. FOR FURTHER INFORMATION, PLEASE CONTACT: Joseph W. Hagin (513) 784-8866
CHIQUITA BRANDS INTERNATIONAL, INC. SUMMARY OF CONSOLIDATED OPERATIONS FOR THE QUARTER ENDED MARCH 31, 1995 AND 1994 (In thousands, except for per share amounts) Quarter Ended March 31, 1995 1994 Net sales $1,028,363 $1,056,247 Operating income $ 80,427 $ 81,985 Income before income taxes and extraordinary item $ 45,928 $ 43,534 Income before extraordinary item $ 37,628 $ 35,534 Extraordinary loss from prepayment of debt $ -- $ (22,840) Net income $ 37,628 $ 12,694 Fully diluted earnings (loss) per share: - Income before extraordinary item $ .62 $ .62 - Extraordinary item -- (.40) - Net income .62 .22 Weighted average number of common shares and equivalents outstanding 61,083 57,301
Quarterly results are subject to significant seasonal variations and are not necessarily indicative of the results of operations for a full fiscal year.
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