-----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, IkzSEEVzxpYAY7ycSu64JY8uiZBVhIlBWyhfiX3/EzSe50u/Q2UYgCWANpPOtHxI BLW88wPOvhFlNy5v9VI0wA== 0000940397-03-000151.txt : 20031010 0000940397-03-000151.hdr.sgml : 20031010 20031010090722 ACCESSION NUMBER: 0000940397-03-000151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031003 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COACHMEN INDUSTRIES INC CENTRAL INDEX KEY: 0000021212 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR HOMES [3716] IRS NUMBER: 351101097 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07160 FILM NUMBER: 03936104 BUSINESS ADDRESS: STREET 1: 2831 DEXTER DRIVE CITY: ELKHART STATE: IN ZIP: 46514 BUSINESS PHONE: 5742620123 MAIL ADDRESS: STREET 1: PO BOX 3300 STREET 2: 2831 DEXTER DRIVE CITY: ELKHART STATE: IN ZIP: 46515 8-K 1 coach8koct10.txt PRESS RELEASE FOR THIRD QUARTER IMPROVEMENT 1 UNITED STATES 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): OCTOBER 10, 2003 - -------------------------------------------------------------------------------- COACHMEN INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) INDIANA 1-7160 35-1101097 - -------------------------------------------------------------------------------- (State or other (Commission File (IRS Employer jurisdiction Number) Identification No.) of incorporation) 2831 Dexter Drive ELKHART, INDIANA 46514 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (574) 262-0123 - -------------------------------------------------------------------------------- NOT APPLICABLE - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) The following exhibits are filed as a part of this Report: 99.1 Press Release dated October 10, 2003 announcing an expectation of improved financial results for the third quarter. ITEM 9. REGULATION FD DISCLOSURE. See Item 12 below which is incorporated in this Item 9 by reference. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On October 10, 2003, the Company filed a press release announcing the expectation of improved financial results for the third quarter ended September 30, 2003. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated by reference herein. 2 3 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. COACHMEN INDUSTRIES, INC. By: /s/ ELLEN PADESKY Ellen Padesky, Assistant Secretary Date: October 10, 2003 3 4 EXHIBIT INDEX EXHIBIT SEQUENTIALLY NUMBER DESCRIPTION NUMBERED PAGE - ------ ----------- ------------- 99.1 Press Release dated October 10, 2003 5 4 EX-99.1 3 coach8koctpr.txt PRESS RELEASE 5 EXHIBIT 99.1 COACHMEN INDUSTRIES, INC. 2831 Dexter Drive o P.O. Box 3300 o Elkhart, Indiana 46515 o 574/262-0123 o Fax 574/262-8823 NEWS RELEASE For immediate release Friday, October 10, 2003 COACHMEN INDUSTRIES, INC. EXPECTS SIGNIFICANTLY IMPROVED THIRD QUARTER PERFORMANCE o Anticipated third quarter profit exceeds market consensus estimate by 32% to 40% o Company expects highest earnings level in 16 quarters: $0.33 to $0.35 per share. o Sales increase expected to be 13% over last year. ELKHART, IND. - Coachmen Industries, Inc. (NYSE: COA) today announced it expects improved financial results for the third quarter ended September 30, 2003. The Company expects net income of between $0.33 and $0.35 per share compared to $0.18 per share in the second quarter, a loss of $0.18 in the first quarter, and income of $0.27 per share in the third quarter of 2002. Coachmen also expects a 13% increase in sales for the third quarter compared with the year-ago quarter. These anticipated third quarter results exceed the market consensus estimate of $0.25 per share, and are consistent with the Company's forecast for full-year results. Earnings of $0.33 to $0.35 per share would be the highest level of quarterly earnings in the last 16 quarters. These results are preliminary and subject to final review. Coachmen will report full third quarter financial results after close of the market on Monday, October 27, 2003 and hold a conference call to discuss these results at 10:00 a.m. Eastern time on Tuesday, October 28, 2003. Coachmen Industries, Inc., founded in 1964, is one of the nation's leading manufacturers of recreational vehicles with well-known brand names including COACHMEN(R), GEORGIE BOY(R), SHASTA(R) and VIKING(R). Coachmen Industries is also one of the largest systems-built home producers in the nation with its ALL AMERICAN HOMES(R) subsidiaries. Modular commercial structures are manufactured by the Company's Miller Building Systems subsidiary. Prodesign, LLC is a subsidiary that produces custom -MORE- Dedicated to the Enrichment of Your Life 6 Coachmen Industries, Inc. Expects Improved Third Quarter Results Page 2 October 10, 2003 - -------------------------------------------------------------------------------- composite and thermoformed plastic parts for numerous industries under the PRODESIGN(R) brand. Coachmen Industries, Inc. is a publicly held company with stock listed on the New York Stock Exchange (NYSE) under the COA ticker symbol. THIS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS, WHICH ARE INHERENTLY UNCERTAIN. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THAT PROJECTED OR SUGGESTED DUE TO CERTAIN RISKS AND UNCERTAINTIES INCLUDING, BUT NOT LIMITED TO, THE POTENTIAL FLUCTUATIONS IN THE COMPANY'S OPERATING RESULTS, THE CONDITION OF THE TELECOMMUNICATIONS INDUSTRY WHICH PURCHASES MODULAR STRUCTURES, THE AVAILABILITY AND THE PRICE OF GASOLINE, THE COMPANY'S DEPENDENCE ON CHASSIS SUPPLIERS, INTEREST RATES, THE AVAILABILITY AND COST OF REAL ESTATE FOR RESIDENTIAL HOUSING, THE ABILITY OF THE HOUSING AND BUILDING SEGMENT TO PERFORM IN NEW MARKET SEGMENTS WHERE IT HAS LIMITED EXPERIENCE, COMPETITION, GOVERNMENT REGULATIONS, LEGISLATION GOVERNING THE RELATIONSHIPS OF THE COMPANY WITH ITS RECREATIONAL VEHICLE DEALERS, THE IMPACT OF CONSUMER CONFIDENCE AND ECONOMIC UNCERTAINTY ON HIGH-COST DISCRETIONARY PRODUCT PURCHASES, FURTHER DEVELOPMENTS IN THE WAR ON TERRORISM AND RELATED INTERNATIONAL CRISES, OIL SUPPLIES, AND OTHER RISKS IDENTIFIED IN THE COMPANY'S SEC FILINGS. For more information: Joseph P. Tomczak Executive Vice President and Chief Financial Officer 574-262-0123 - END - -----END PRIVACY-ENHANCED MESSAGE-----