-----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, P/42PPAFrCkZhyw1LAKcbQ9k5Y04mNV5skh/QCJL+CZYBsP6wbvr99BJH5FWJf/Z S/5uxzhYEZOSI4UG1CbCuA== 0001104659-04-009514.txt : 20040406 0001104659-04-009514.hdr.sgml : 20040406 20040406144356 ACCESSION NUMBER: 0001104659-04-009514 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040406 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANDREW CORP CENTRAL INDEX KEY: 0000317093 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 362092797 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14617 FILM NUMBER: 04720137 BUSINESS ADDRESS: STREET 1: 10500 W 153RD ST CITY: ORLAND PARK STATE: IL ZIP: 60462 BUSINESS PHONE: 7083493300 MAIL ADDRESS: STREET 1: 10500 WEST 153RD ST CITY: ORLANDO PARK STATE: IL ZIP: 60462 8-K 1 a04-4245_18k.htm 8-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

Current Report Pursuant to Section 13 or 15(d) of
The Securities and Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  April 6, 2004

 

ANDREW CORPORATION

(Exact name of registrant as specified in its charter)

 

DELAWARE

 

001-14617

 

36-2092797

(State or other jurisdiction of
incorporation or organization)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

10500 W. 153rd Street, Orland Park, Illinois 60462

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code  (708) 349-3300

 

None

(Former name or former address, if changed since last report.)

 

 



 

Item 7.  Financial Statements and Exhibits

 

(c)       Exhibits.

 

99.1    Press release dated April 6, 2004 (furnished pursuant to Item 12)

 

Item 12.  Disclosure of Results of Operations and Financial Condition

 

On April 6, 2004 Andrew Corporation issued a press release announcing that results for the second quarter of fiscal 2004 are estimated to significantly exceed previously provided guidance. A copy of this press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

2



 

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.

 

 

 

 

 

 

ANDREW CORPORATION

 

 

 

 

 

 

 

 

Date:  April 6, 2004

 

 

By:

/s/ Marty Kittrell

 

 

 

 

 

Marty Kittrell

 

 

 

 

Chief Financial Officer

 

 

 

 

 

 

 

 

 

3


EX-99.1 3 a04-4245_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Andrew Corporation Estimates Second Quarter Revenues to Range From $440 million to $450 million

 

ORLAND PARK, IL, April 06, 2004 – Andrew Corporation, a global communications systems equipment supplier, today announced that results for the second quarter of fiscal 2004 are estimated to significantly exceed previously provided guidance.  The company now estimates that revenues will be in the range of $440 to $450 million and GAAP earnings in the range of $0.04 to $0.06 per share, including non-cash intangible amortization and restructuring costs of approximately $0.05 per share.  This compares with previous guidance for revenues in the range of $350 to $380 million and GAAP earnings of $0.00 to $0.03 per share, including non-cash intangible amortization and restructuring costs of approximately $0.04 per share.

 

“A continuation of encouraging industry trends led to increased sequential sales in all major product groups and geographical regions,” said Ralph Faison, President and CEO of Andrew Corporation.  “Our better than expected guidance reflects the positive benefits and synergies of having the most complete RF footprint product portfolio in the wireless infrastructure market.”

 

“We experienced a normal seasonal decline early in the quarter, as well as expected start-up costs associated with our new manufacturing facilities and certain new products.  However, orders and revenues improved sequentially during the quarter leading to on-going improvements in operating leverage,” Faison added.  “The company plans to complete its restructuring-related moves during the third quarter and anticipates improvement in gross margins in the second half of the current fiscal year.”

 

The company plans to release further financial results for its second quarter of fiscal 2004 and provide guidance for its third quarter of fiscal 2004 on Thursday, April 29, 2004, at 8:00 a.m. CDT.  Investors may listen to a live audio webcast of the conference call at www.andrew.com.

 

About Andrew

Andrew Corporation (NASDAQ:ANDW) designs, manufactures and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and original equipment manufacturers from facilities in 33 countries.  Andrew (www.andrew.com), headquartered in Orland Park, IL, is an S&P 500 company founded in 1937.

 

Forward Looking Statements

Some of the statements in this news release are forward looking statements and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include the company’s ability to integrate acquisitions and to realize the anticipated synergies and cost savings, the effects of competitive products and pricing, economic and political conditions that may impact customers’ ability to fund purchases of our products and services, the company’s ability to achieve the cost savings anticipated from cost reduction programs, fluctuations in international exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, the loss of one or more significant customers, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission.

 


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