-----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, TuChEdy0LcGAcWU6/gslNo/vc24AJNYcFUy1BwvQNosrEs+1XixGOKWVUy9dr05y 1QtB1V0VkSeoo//LGNrxTw== 0000276747-95-000003.txt : 19950517 0000276747-95-000003.hdr.sgml : 19950516 ACCESSION NUMBER: 0000276747-95-000003 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950331 FILED AS OF DATE: 19950512 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROBINSON NUGENT INC CENTRAL INDEX KEY: 0000276747 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 350957603 STATE OF INCORPORATION: IN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-09010 FILM NUMBER: 95537948 BUSINESS ADDRESS: STREET 1: 800 E EIGHTH ST STREET 2: PO BOX 1208 CITY: NEW ALBANY STATE: IN ZIP: 47151-1208 BUSINESS PHONE: 8129450211 MAIL ADDRESS: STREET 1: PO BOX 1208 CITY: NEW ALBANY STATE: IN ZIP: 47151 10-Q 1 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended-------------MARCH 31, 1995------------------ OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from --------------------to---------------------- Commission File Number -------------------------0-9010-------------------------- - ----------------------------ROBINSON NUGENT, INC.------------------------------- (Exact name of registrant as specified in its charter) - ---------INDIANA-------------------------------------35-095760------------------ (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 800 East Eighth Street, New Albany, Indiana------------47151-1208--------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code -- (812) 945-0211------------ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes --X-- No------ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of April 30, 1995, the registrant had outstanding 5,370,460 common shares without par value. The Index to Exhibits is located at page 14 in the sequential numbering system. Total pages: 15. ROBINSON NUGENT, INC. AND SUBSIDIARIES INDEX Page No. --------- PART I. Financial Information: ITEM 1. Financial Statements (Unaudited) Consolidated condensed balance sheets at March 31, 1995, March 31, 1994 and June 30, 1994 3 Consolidated condensed statements of income for the three and nine months ended March 31, 1995 and March 31, 1994 5 Consolidated condensed statements of cash flows for the nine months ended March 31, 1995 and March 31, 1994 6 Notes to consolidated condensed financial statements 7 ITEM 2. Management's discussion and analysis of financial condition and results of operations 9 PART II. Other Information 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (IN THOUSANDS)
March 31 June 30 ---------------- ------ 1995 1994 1994 ------ ------ ------ ASSETS Current assets: Cash and cash equivalents $ 2,346 $ 4,334 $ 2,991 Accounts receivable, net 12,120 9,569 10,539 Inventories: Raw materials 1,817 1,159 1,304 Work in process 7,271 5,642 5,774 Finished goods 2,744 2,300 2,729 -------- ------- -------- Total inventories 11,832 9,101 9,807 Other current assets 2,644 2,252 2,634 --------- ------- -------- Total current assets 28,942 25,256 25,971 --------- ------- -------- Property, plant & equipment, net 24,380 18,646 19,344 Other assets 1,196 290 62 --------- ------- -------- Total assets $54,518 $44,192 $45,377 ====== ====== ======
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (IN THOUSANDS)
March 31 June 30 ------------ -------- 1995 1994 1994 ------ ------ ------ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current installments of long-term debt$ 730 $ 469 $ 341 Note payable to bank 350 1,000 800 Accounts payable 6,896 4,783 5,356 Accrued expenses 4,385 3,416 3,689 Income taxes 1,177 1,113 771 -------- -------- -------- Total current liabilities 13,538 10,781 10,957 -------- -------- -------- Long-term debt, excluding current installments 4,338 2,181 2,408 Deferred income taxes 896 583 593 -------- -------- -------- Total liabilities 18,772 13,545 13,958 -------- -------- -------- Shareholders' equity: Common shares without par value. Authorized shares: 15,000,000; issued shares: 6,850,050 20,878 20,775 20,775 Retained earnings 21,528 19,147 19,299 Equity adjustment from foreign currency translation 3,943 2,052 2,513 Employee stock purchase plan loans and deferred compensation (856) (1,253) (1,094) Less treasury shares: 1,479,590 shares at March 31, 1995 and 1,532,630 shares at June 30, 1994 and March 31, 1994 (9,747) (10,074) (10,074) -------- -------- -------- Total shareholders' equity 35,746 30,647 31,419 -------- -------- -------- Total liabilities and shareholders' equity $54,518 $44,192 $45,377 ======== ======= ==-====
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Nine Months Ended March 31 March 31 ------------------ ----------------- 1995 1994 1995 1994 ------- ------- ------- ------- Net sales $20,434 $17,606 $58,958 $48,798 Cost of sales 15,368 12,877 43,054 35,322 -------- -------- -------- -------- Gross profit 5,066 4,729 15,904 13,476 Selling, general and administrative expenses 3,449 3,507 11,206 10,134 -------- -------- -------- -------- Operating income 1,617 1,222 4,698 3,342 -------- -------- -------- -------- Other income (deductions): Interest income 34 35 102 141 Interest expense (69) (63) (180) (200) Currency gain (loss) (279) 81 (295) (26) Royalty income 35 -- 271 -- Settlement of lawsuit -- -- -- 1,000 Other (15) (1) (38) (19) -------- -------- -------- -------- (294) 52 (140) 896 -------- -------- -------- -------- Income before income taxes 1,323 1,274 4,558 4,238 Income taxes 581 639 1,781 1,930 -------- -------- -------- -------- Net income $ 742 $ 635 $ 2,777 $ 2,308 ======== ======== ======== ======= Net income per common share $ .14 $ .12 $ .52 $ .43 ======== ======== ======== ======= Dividends per common share $ .03 $ .03 $ .09 $ .09 ======== ======== ======== ======= Weighted average number of common shares outstanding 5,393 5,372 5,372 5,372 ======== ======== ======== =======
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (IN THOUSANDS)
Nine Months Ended March 31 ---------------- 1995 1994 ------- ------- Cash flows from operating activities: Net income $ 2,777 $ 2,308 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,700 2,173 Losses from disposition of capital assets -- 19 Increase (decrease) in cash resulting from changes in assets and liabilities, net of acquired business: Accounts receivable (1,241) (244) Inventories (1,690) (503) Other current assets 152 (168) Accounts payable and accrued expenses 1,026 173 Income taxes payable 438 209 Employee stock purchase plan deferred charges -- (38) -------- -------- Net cash provided by operating activities 4,162 3,929 -------- -------- Cash flows from investing activities: Capital expenditures (4,720) (4,557) (Increase) decrease in other assets 4 (164) -------- -------- Investment in Teckino Manufacturing b.v.b.a., net of cash acquired (186) -- -------- -------- Net cash used in investing activities (4,902) (4,721) -------- -------- Cash flows from financing activities: Proceeds from short-term borrowing 350 2,400 Repayments of short-term borrowing (800) (1,400) Repayments of long-term debt (100) (624) Cash dividends paid (479) (478) Employee stock purchase plan loans -- (48) Repayments of employee stock purchase plan loans 133 65 Stock options exercised 80 6 -------- -------- Net cash used in financing activities (816) (79) -------- -------- Effect of exchange rate changes on cash 911 279 -------- -------- Decrease in cash and cash equivalents (645) (592) Cash and cash equivalents at beginning of period 2,991 4,926 -------- -------- Cash and cash equivalents at end of period $ 2,346 $ 4,334 ======== ========
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (UNAUDITED) MARCH 31, 1995 AND 1994, AND JUNE 30, 1994 1. In the opinion of management, the accompanying unaudited consolidated condensed financial statements contain all adjustments necessary (all of which are normal and recurring) to present fairly the financial position of the Company and subsidiaries, results of operations, and cash flows in conformity with generally accepted accounting principles. 2. Earnings per common share are based upon the weighted average number of shares outstanding during each period, plus common share equivalents resulting from dilutive stock options. Earnings per share computations for each quarter are independent of year-to-date computations. Accordingly, the net income per common share of 52 cents for the nine months ended March 31, 1995 does not equal the cumulative total of net income per common share reported for the three months ended September 30, 1994, December 31, 1994, and March 31, 1995. 3. On February 21, 1995, the Company acquired 100% of Teckino Manufacturing b.v.b.a. ("Teckino Manufacturing"), an engineering and manufacturing development company, for $1,538,198. The purchase agreement required a payment of $228,037 in cash plus $248,571 of company stock (28,408 shares at $8.75 per share) at closing. In addition, the agreement provides for future payments at various dates through February 1998 totaling $1,061,590 ($619,204 before interest imputed at 8%, plus $604,543 before interest imputed at 8% of company stock, with shares to be determined based upon the value of company stock at date of payment). Based upon a $8.75 per share market price of company stock,the Company estimates total company shares to be issued in payment of the purchase price will be approximately 100,000 shares. The acquisition has been accounted for by the purchase method of accounting and the results of operations of Teckino have been included in the accompanying consolidated financial statements since date of acquisition. The excess of the purchase price over the fair value of net assets acquired was $923,411. This amount has been included in other assets as goodwill and will be amortized by the straight line method over 10 years. 4. In July, 1993, the Company commenced operations in a newly-acquired manufacturing facility in Scotland as part of a previously-announced European reorganization plan. The Company was awarded certain incentives for its location of operations in Scotland, including reimbursement of certain employee and training costs and an investment grant related to expected expenditures for machinery and equipment used in the facility. The investment grant is payable by a predetermined formula predicated upon capital expenditures over a four-year period. It is the Company's policy to recognize the investment grant over the estimated useful life of the machinery and equipment placed in service. The Company recognized income grants of $59,000 and $178,000 in the quarter and year to date periods ended March 31, 1995, and $41,000 and $141,000 for the respective periods ended March 31, 1994. 5. The Company adopted SFAS No. 109 "Accounting for Income Taxes" in the quarter ended September 30, 1993. The adoption of SFAS 109 did not have a material effect on the consolidated financial position or results of operations of the Company. 6. In December, 1993, the Company agreed to settle a lawsuit filed in November, 1991 in exchange for the payment to the company of cash in the amount of $1,000,000. The settlement was related to damage claims associated with a competitor's recruitment and employment of Robinson Nugent employees, the appropriation of trade secrets of the Company, and certain other business practices. 7. Reference is directed to the Company's consolidated financial statements (Form 10-K), including references to the Annual Report, for the year ended June 30, 1994 and management's discussion and analysis included in Part I, Item 2 in this report. 8. Supplemental schedule of noncash investing activities for the nine months ended March 31, 1995: The company acquired the business of Teckino Manufacturing as follows: Fair value of assets acquired, other than cash $ 3,660,000 Liabilities assumed (2,164,000) Treasury shares (28,408) issued to former owner (248,000) Payable to former owners of acquired business (1,062,000) ----------- Cash paid for business $ 186,000 =========== PART I. FINANCIAL INFORMATION ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS MATERIAL CHANGES IN RESULTS OF OPERATIONS - ------------------------------------------ Net sales for the quarter ended March 31, 1995 were $20,434,000, up 16.1% over net sales of $17,606,000 in the same quarter a year ago. Net sales for the nine months ended March 31, 1995 were $58,958,000, up 20.8% over net sales of $48,798,000 for the same nine month period a year ago. Sales in both the quarter and nine months ended March 31, 1995 were up in all major geographical territories, compared to the same periods a year ago. Overall, sales growth was attributable to a higher sales volume of new products and cable assemblies. Comparative sales, net of returns, by major geographical territory for the respective periods follows:
Three Months Ended Nine Months Ended ($000 omitted) March 31 March 31 ------------------ ----------------- 1995 1994 1995 1994 ------- ------- ------- ------- United States: Domestic $13,121 $11,107 $37,198 $31,460 Export: Europe (135) 352 939 397 Asia 1,182 1,580 3,563 4,456 Rest of World 322 270 750 605 -------- -------- -------- -------- 1,369 2,202 5,252 5,458 Intercompany 933 560 3,944 2,378 -------- -------- -------- -------- 15,423 13,869 46,394 39,296 -------- -------- -------- -------- Europe: Domestic 4,534 3,202 12,199 8,813 Export to Asia 594 541 1,803 1,762 Rest of World 5 8 17 15 -------- -------- -------- -------- 5,133 3,751 14,019 10,590 Intercompany 928 615 2,354 2,154 -------- -------- -------- -------- 6,061 4,366 16,373 12,744 -------- -------- -------- -------- Asia: Domestic 614 330 1,781 597 Export to United States 197 216 708 693 -------- -------- -------- -------- 811 546 2,489 1,290 Intercompany 302 120 595 400 -------- -------- -------- -------- 1,113 666 3,084 1,690 -------- -------- -------- -------- Eliminations (2,163) (1,295) (6,893) (4,932) -------- -------- -------- -------- Consolidated $20,434 $17,606 $58,958 $48,798 ======== ======== ======== ========
Incoming customer orders in the third quarter ended March 31, 1995 were at $22,486,000, up 8.3% over orders of $20,763,000 in the same quarter a year ago. Customer orders for the nine months ended March 31, 1995 were $59,798,000, up 17.2% over customer orders of $51,014,000 in the same nine months of the prior year. Backlog of unshipped customer orders at March 31, 1995 was $14,477,000, an increase of $990,000 or 7.3% compared to $13,487,000 at March 31, 1994. Gross profit dollars improved in the three months and nine months ended March 31, 1995 compared to the same period a year ago as a result of higher sales. Gross profit dollars were $5,066,000 for the quarter compared to $4,729,000 for the same quarter last year, an increase of 7.1%. Year-to-date gross profit dollars were $15,904,000 compared to $13,476,000 for the same period last year, an increase of 18.0%. Gross profit expressed as a percentage of net sales was 24.8% compared to 26.9% for the same quarter last year, and 27.0% for the nine months ended March 31, 1995 compared to 27.6% for the same period last year. The gross profit percentage decline in the quarter was the result of a change in product mix. Selling, general and administrative expenses for the three months ended March 31, 1995 were $3,449,000 or 16.9% of net sales, compared to $3,507,000, or 19.9% of net sales, for the same period a year ago. The lower expenses in the quarter reflect lower advertising, product promotional programs and professional fees in the U.S. operations; partly offset by higher selling expenses in Europe. Expenses for the nine months ended March 31, 1995 amounted to $11,206,000, or 19.0% of net sales, compared to $10,134,000, or 20.8% of net sales. Other income for the nine months ended March 31, 1995 includes $271,000 of royalty income derived from an agreement reached with a competitor which provided for a royalty payment to the Company with respect to the competitor's sales of a product using a patented feature of Robinson Nugent. The agreement was reached in the first quarter ended September 30, 1994, resulting in a cumulative payment in the first quarter for all prior periods, and ongoing future royalty payments. Included in the prior year's nine month's results was a $1,000,000 settlement payment to the Company relating to damage claims associated with a competitor's recruitment and employment of Robinson Nugent employees, the appropriation of trade secrets of the Company, and certain other business practices. Net income in the quarter ended March 31, 1995 amounted to $742,000 or 14 cents per share, compared to $635,000 or 12 cents per share a year ago. Included in the quarterly results ended March 31, 1995 was a charge for currency translation of $279,000. This amount was primarily generated by the translation of foreign currency denominated intercompany loans resulting from transactions in Scotland and Switzerland. The net income for the nine months ended March 31, 1995 amounted to $2,777,000, or 52 cents per share compared to $2,308,000 or 43 cents per share for the prior year's period. The net income for the nine month period ending March 31, 1994 included the $1,000,000 settlement (approximately $620,000 net income or 12 cents per share) noted above. Provision for income taxes was included at an effective tax rate of 39.1 percent and 45.5 percent on a year-to-date basis in the nine months ended March 31, 1995 and March 31, 1994, respectively. Effective tax rates for the three months ended March 31, 1995 and March 31, 1994 were 43.9 percent and 50.2 percent, respectively. Provisions for income taxes are provided at the approximate effective rates expected for the year. The lower effective tax rates in the three months and nine months ended March 31, 1995 compared to prior periods, reflect an improved pretax performance at our European operations resulting from the Company not recognizing income tax benefits on losses incurred at the Scotland facility in all periods. MATERIAL CHANGES IN FINANCIAL CONDITION - ---------------------------------------- Net working capital at March 31, 1995 amounted to $15,404,000 compared to $14,475,000 at March 31, 1994 and $15,014,000 at June 30, 1994. The Company's net working capital position as of March 31, 1995 increased by $929,000 over last year, reflecting higher accounts receivable and inventories which support increased sales levels and investments in new product programs, partly offset by higher accounts payable and accrued expenses. For March 31, 1995 and 1994, the current ratios were at 2.1 and 2.3, respectively compared to 2.4 at June 30, 1994. During the quarter, the Company acquired Teckino Manufacturing for $1,538,198, (see note 3 of the notes to consolidated condensed financial statements, included in this report). The purchase agreement included the payment of $228,037 in cash, $248,571 in company stock (28,408 shares at $8.75 per share) and $1,061,590 in future notes payable and imputed interest. The Company's capital expenditures of $4,720,000 for the nine months ended March 31, 1995, reflect the Company's intention to continue its program of investment in new products. The Company believes near-term working capital and capital expenditures requirements can be met from operations, cash balances and available lines of credit. PART II. OTHER INFORMATION Item 1. Not applicable. Item 2. Not applicable. Item 3. Not applicable. Item 4. Not applicable. Item 5. Not applicable. Item 6. Exhibits and Reports on Form 8-K. (a) See Index to Exhibits. (b) No reports on Form 8-K were filed during the quarter ended March 31, 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 thereunto duly authorized. ROBINSON NUGENT, INC. --------------------------------- (Registrant) Date May 12, 1995 /s/ Larry W. Burke ------------------------- --------------------------------- Larry W. Burke President and Chief Executive Officer Date May 12, 1995 /s/ Anthony J. Accurso ------------------------- --------------------------------- Anthony J. Accurso Vice President, Treasurer & Chief Financial Officer FORM 10-Q INDEX TO EXHIBITS Number of Sequential Item Numbering Assigned in System Regulation S-K Page Number Item 601 Description of Exhibit of Exhibit - ------------- ------------------------------------- ----------- (2) Not applicable. (4) 4.1 Specimen certificate for Common Shares, without par value. (Incorporated by reference to Exhibit 4 to Form S-1 Registration Statement No. 2-62521.) 4.2 Rights Agreement dated April 21, 1988 between Robinson Nugent, Inc. and Bank One, Indianapolis, N.A. (Incorporated by reference to Exhibit I to Form 8-A Registration Statement dated May 2, 1988.) 4.3 Amendment No. 1 to Rights Agreement dated September 26, 1991 between Robinson Nugent, Inc. and Bank One, Indianapolis, N.A. (Incorporated by reference to Exhibit 4.3 to Form 10-K Report for year ended June 30, 1991.) 4.4 Amendment No. 2 to Rights Agreement dated June 11, 1992. (Incorporated by reference to Exhibit 4.4 to Form 8-K Current Report dated July 6, 1992.) (10) 10.1 Robinson Nugent, Inc. 1983 Tax-Qualified Incentive Stock Option Plan. (Incorporated by reference to Exhibit 10.1 to Form 10-K Report for year ended June 30, 1983.) 10.2 Robinson Nugent, Inc. 1983 Non Tax- Qualified Incentive Stock Option Plan. (Incorporated by reference to Exhibit 10.2 to Form 10-K Report for year ended June 30, 1983.) 10.3 Deferred compensation agreement dated May 10, 1990 between Robinson Nugent, Inc. and Larry W. Burke, President and Chief Executive Officer, and related agreement dated May 10, 1990 between Robinson Nugent, Inc. and PNC Bank, Kentucky, Inc. (formerly Citizens Fidelity Bank and Trust Company of Louisville, Kentucky) as trustee. (Incorporated by reference to Exhibit 19.1 to Form 10-K Report for year ended June 30, 1990.) 10.4 Deferred compensation agreement dated May 10, 1990 between Robinson Nugent, Inc. and Clifford G. Boggs, former Vice President, Treasurer and Chief Financial Officer, and related agreement dated May 10, 1990 between Robinson Nugent, Inc. and PNC Bank, Kentucky, Inc. (formerly Citizens Fidelity Bank and Trust Company of Louisville, Kentucky) as trustee. (Incorporated by reference to Exhibit 19.2 to Form 10-K Report for year ended June 30, 1990.) 10.5 Summary of Robinson Nugent, Inc. Bonus Plan for the fiscal year ended June 30, 1994. (Incorporated by reference to Exhibit 10.5 to Form 10-K Report for year ended June 30, 1993.) 10.6 1993 Robinson Nugent, Inc. Employee and Non-Employee Director Stock Option Plan. (Incorporated by reference to Exhibit 19.1 to Form 10-K Report for year ended June 30, 1993.) 10.7 Summary of the Robinson Nugent, Inc. Employee Stock Purchase Plan (Incorporated by reference to Exhibit 19.2 to Form 10-K Report for year ended June 30, 1993.) (11) Not applicable. (15) Not applicable. (18) Not applicable. (19) Not applicable. (22) Not applicable. (23) Not applicable. (24) Not applicable. (27) 27.1 Financial Data Schedule for the Registrant's nine month interim period ended March 31, 1995. (99) Not applicable. EX-27 2 EXHIBIT 27
5 "This schedule contains summary financial information extracted from the Robinson Nugent, Inc. 10-Q for the period ending March 31, 1995 and is qualified in its entirety by reference to such 10-Q." 1,000 9-MOS JUN-30-1995 JUL-01-1994 MAR-31-1995 2,346 0 12,801 681 11,832 2,644 59,517 35,137 54,518 13,538 4,338 20,878 0 0 14,868 54,518 58,958 58,958 43,054 43,054 11,206 0 180 4,558 1,781 2,777 0 0 0 2,777 .52 .52
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