-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MwfgADiPBm6fguTAuHZXdxB5PHwTvVjGZmVG78YBTshrZ2+JvElMOsI0FeTtadpp s6aEFkLu8I0UYrCCv/yVDw== 0000898431-97-000058.txt : 19970222 0000898431-97-000058.hdr.sgml : 19970222 ACCESSION NUMBER: 0000898431-97-000058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 ITEM INFORMATION: Other events FILED AS OF DATE: 19970220 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLEGHENY TELEDYNE INC CENTRAL INDEX KEY: 0001018963 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 251792394 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12001 FILM NUMBER: 97539884 BUSINESS ADDRESS: STREET 1: 1000 SIX PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4123942800 MAIL ADDRESS: STREET 1: 100 SIX PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 8-K 1 QUART.REP.FOR PERS. ENDING 12/31/95 AND 12/31/96 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 20, 1997 ALLEGHENY TELEDYNE INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 1-12001 25-1792394 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1000 SIX PPG PLACE, PITTSBURGH, PENNSYLVANIA 15222-5479 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 412-394-2800 Item 5. OTHER EVENTS. ------------- The following financial information of Allegheny Teledyne Incorporated is attached hereto, incorporated herein and filed as part of this Current Report on Form 8-K: Sales and Operating Profit by Business Segment for the three month periods ended March 31, 1995, June 30, 1995, September 30, 1995 and December 31, 1995; Sales and Operating Profit by Business Segment for the three month periods ended March 31, 1996, June 30, 1996, September 30, 1996 and December 31, 1996; Sales and Operating Profit by Business Segment for the years ended December 31, 1995 and December 31, 1996. ALLEGHENY TELEDYNE INCORPORATED AND SUBSIDIARIES Sales and Operating Profit by Business Segment (In millions)
Three Months Ended 3/31/95 6/30/95 9/30/95 12/31/95 Sales: Specialty metals $ 571.7 $ 566.6 $ 545.0 $ 520.3 Aerospace and electronics 234.0 225.3 223.5 231.6 Industrial 93.9 102.7 91.2 90.7 Consumer 61.7 66.4 67.7 72.1 -------- -------- -------- -------- Total continuing operations 961.3 961.0 927.4 914.7 Operations sold or held for sale 56.9 133.8 35.4 57.6 -------- -------- -------- -------- Total Sales $1,018.2 $1,094.8 $ 962.8 $ 972.3 ======== ======== ======== ======== Operating Profit: Specialty metals $ 79.0 $ 88.3 $ 76.2 $ 57.6 Aerospace and electronics 22.4 22.6 21.7 21.5 Industrial 9.9 10.6 8.5 4.5 Consumer 0.8 3.1 4.0 4.8 -------- -------- -------- -------- Operating Profit 112.1 124.6 110.4 88.4 -------- -------- -------- -------- Merger and re- structuring costs (3.8) (2.0) (0.3) (0.3) Corporate expenses (10.6) (14.9) (4.3) (12.0) Interest expense, net (10.1) (9.3) (9.1) (9.1) Operations sold or held for sale 61.5 9.2 1.7 11.5 Excess pension income 2.8 2.7 0.0 1.8 -------- -------- -------- -------- Income before income taxes and extra- ordinary losses $ 151.9 $ 110.3 $ 98.4 $ 80.3 ======== ======== ======== ========
ALLEGHENY TELEDYNE INCORPORATED AND SUBSIDIARIES Sales and Operating Profit by Business Segment (In millions)
Three Months Ended 3/31/96 6/30/96 9/30/96 12/31/96 Sales: Specialty metals $ 537.4 $ 538.6 $ 486.4 $ 482.9 Aerospace and electronics 259.4 251.9 223.7 252.8 Industrial 118.0 125.0 100.2 103.9 Consumer 66.0 73.0 68.2 80.7 -------- -------- -------- -------- Total continuing operations 980.8 988.5 878.5 920.3 Operations sold or held for sale 37.1 9.2 1.2 0.0 -------- -------- -------- -------- Total Sales $1,017.9 $ 997.7 $ 879.7 $ 920.3 ======== ======== ======== ======== Operating Profit: Specialty metals $ 67.9 $ 81.2 $ 59.2 $ 70.6 Aerospace and electronics 24.4 21.7 19.0 34.8 Industrial 12.3 11.9 8.7 11.1 Consumer 3.4 5.9 3.2 6.0 -------- -------- -------- -------- Operating Profit 108.0 120.7 90.1 122.5 -------- -------- -------- -------- Merger and re- structuring costs 0.0 (6.7) (31.9) (18.9) Corporate expenses (10.4) (9.7) (12.2) (9.8) Interest expense, net (10.0) (9.7) (9.4) (5.6) Operations sold or held for sale 42.7 2.8 0.9 14.1 Excess pension income 3.1 2.9 6.0 5.2 -------- -------- -------- -------- Income before income taxes and extra- ordinary losses $ 133.4 $ 100.3 $ 43.5 $ 107.5 ======== ======== ======== ========
ALLEGHENY TELEDYNE INCORPORATED AND SUBSIDIARIES Sales and Operating Profit By Business Segment (In Millions)
Year Ended December 31, 1995 1996 Sales: Specialty metals $2,203.6 $2,045.3 Aerospace and electronics 914.4 987.8 Industrial 378.5 447.1 Consumer 267.9 287.9 -------- -------- Total continuing operations 3,764.4 3,768.1 Operations sold or held for sale 283.7 47.5 -------- -------- Total Sales $4,048.1 $3,815.6 ======== ======== Operating Profit: Specialty metals $ 301.1 $ 278.9 Aerospace and electronics 88.2 99.9 Industrial 33.5 44.0 Consumer 12.7 18.5 -------- -------- Operating Profit 435.5 441.3 -------- -------- Merger and restructuring costs (6.4) (57.5) Corporate expenses (41.8) (42.1) Interest expense, net (37.6) (34.7) Operations sold or held for sale 83.9 60.5 Excess pension income 7.3 17.2 -------- -------- Income before income taxes and extraordinary losses $ 440.9 $ 384.7 ======== ========
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 hereunto duly authorized. ALLEGHENY TELEDYNE INCORPORATED February 20, 1997 By: ---------------------------- James L. Murdy Executive Vice President- Finance and Administration and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----