-----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, GKO3+drMeZ5Juzs+4jj8oMIRI8FbAHdQQhgTW3IXRrzkBEplFEDkf72ovlvtkFtI 1KSRP9JFMoJ8ZgYbRRNChg== 0000025890-96-000041.txt : 19961016 0000025890-96-000041.hdr.sgml : 19961016 ACCESSION NUMBER: 0000025890-96-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961014 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961015 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN CORK & SEAL CO INC CENTRAL INDEX KEY: 0000025890 STANDARD INDUSTRIAL CLASSIFICATION: METAL CANS [3411] IRS NUMBER: 231526444 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02227 FILM NUMBER: 96643738 BUSINESS ADDRESS: STREET 1: 9300 ASHTON RD CITY: PHILADELPHIA STATE: PA ZIP: 19136 BUSINESS PHONE: 2156985100 8-K 1 CROWN THIRD QUARTER 1996 EARNINGS NEWS RELEASE UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 14, 1996 Crown Cork & Seal Company, Inc. ---------------------------------------------------- (Exact name of Registrant as specified in its charter) Pennsylvania 1-2227 23-1526444 --------------- ---------- -------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 9300 Ashton Road, Philadelphia, PA 19136 -------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 215-698-5100 ------------ Crown Cork & Seal Company, Inc. Item 5. Other Events On October 14, 1996, Crown Cork & Seal Company, Inc. (the"Company") issued a News Release announcing its summary results of operations for the quarter and nine months ended September 30, 1996. A copy of the Company's News Release is included herein as Exhibit 99.1 and is hereby incorporated by reference in this Form 8-K. Item 7(c). Exhibits 99.1 Crown Cork & Seal Company, Inc. News Release dated October 14, 1996. Crown Cork & Seal Company, Inc. 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. Crown Cork & Seal Company, Inc. By: /s/ Alan W. Rutherford ---------------------- Alan W. Rutherford Executive Vice President Chief Financial Officer Date: October 15, 1996 Crown Cork & Seal Company, Inc. EXHIBIT INDEX Exhibit No., As provided Page in in Item 601 Sequentially Exhibit Number Description Numbered Copy - -------------- ----------- ------------- 99.1 Crown Cork & Seal Company, Inc. News Release dated October 14, 1996. EX-99.1 2 CROWN THIRD QUARTER 1996 EARNINGS NEWS RELEASE Crown Cork & Seal Company, Inc. [GRAPHIC OMITTED] NEWS RELEASE 9300 Ashton Road Philadelphia, Pennsylvania 19136 - ------------------------------------------------------------------------------- -------------------------------- CROWN CORK & SEAL ANNOUNCES THIRD QUARTER 1996 RESULTS -------------------------------- Philadelphia, PA -- October 14, 1996. Crown Cork & Seal Company, Inc. (NYSE & PARIS BOURSE - CCK) announces its results for the quarter ended September 30, 1996, in comparison with 1995 as follows: (In millions, except share and per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED ------------------ ----------------- SEPTEMBER 30, SEPTEMBER 30, ------------------ ----------------- 1996 1995 1996 1995 ---- ---- ---- ---- Net sales $2,462.1 $1,427.1 $6,367.0 $3,939.6 -------- -------- -------- -------- Cost of products sold 1,988.6 1,252.8 5,169.1 3,343.6 Depreciation and amortization 130.0 67.3 359.8 196.5 Selling and administrative expense 101.6 36.0 277.4 107.8 Provision for restructuring - 82.5 29.6 102.7 Gain on sale of assets ( 12.6) ( 3.1) ( 22.8) ( 8.1) Interest expense, net of interest income 85.0 34.8 223.0 102.8 Translation and exchange adjustments 3.0 ( 1.8) ( 35.7) ( 1.3) ------- -------- -------- ------- Income (loss) before income taxes 166.5 ( 41.4) 366.6 95.6 Provision for income taxes 54.1 ( 23.9) 107.7 17.4 Minority interests, net of equity earnings ( 3.0) ( 2.4) ( 14.1) ( 9.4) -------- -------- -------- ------- Net income (loss) 109.4 ( 19.9) 244.8 68.8 Preferred stock dividends 5.9 - 13.9 - -------- -------- -------- ------- Net income (loss) available to common shareholders $ 103.5 ($ 19.9) $ 230.9 $ 68.8 ======== ======== ======== ======= Primary earnings (loss) per average common share $ .81 ($ .22) $ 1.91 $ .76 ======== ======== ======== ======= Fully diluted earnings (loss) per average common share $ .78 ($ .22) $ 1.89 $ .76 ======== ======== ======== ======= Dividends per common share $ .25 $ .75 ======== ======== Weighted average shares outstanding: Primary 128,510,213 90,840,987 120,820,436 90,619,389 Fully diluted 139,836,015 90,840,987 129,837,826 90,621,473 Actual common shares outstanding 128,215,366 90,576,900 128,215,366 90,576,900 Actual preferred shares outstanding 12,432,622 12,432,622 The results for 1996 include the operations of CarnaudMetalbox from the acquisition date of February 22, 1996. Certain prior year amounts have been reclassified to improve comparability. * * end * * -----END PRIVACY-ENHANCED MESSAGE-----