-----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, MuSP7JSBAGk5vF74l5gkFDxJr6xu5lOY9J2IaYyLaZaAiLMJflHn2rcIaWFSjPv+ uUlEpcIXCpDOFUdecfVX9A== 0001104659-04-028419.txt : 20040924 0001104659-04-028419.hdr.sgml : 20040924 20040924104908 ACCESSION NUMBER: 0001104659-04-028419 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040923 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040924 DATE AS OF CHANGE: 20040924 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: 041044047 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 a04-10879_18k.htm 8-K

 

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):  September 23, 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.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 8.01  Other Events

 

On September 23, 2004 Andrew Corporation issued a press release updating its previously issued guidance for the fourth quarter of fiscal 2004.  A copy of this press release is being filed as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01  Financial Statements and Exhibits

 

(c)                                  Exhibits.

 

99.1                           Press release dated September 23, 2004

 

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:  September 23, 2004

By:

/s/ Marty Kittrell

 

 

 

Marty Kittrell

 

 

Chief Financial Officer

 

3


EX-99.1 2 a04-10879_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

 

Andrew Corporation

 

10500 West 153rd Street, Orland Park, IL USA 60462 Tel: 708-349-3300 www.andrew.com

 

Analyst/Investor Contact:

 

Marty Kittrell

Chief Financial Officer

708-873-3600

 

Scott Malchow

Investor Relations

708-873-8515

 

Media Contact:

 

Rick Aspan

Corporate Communications

708-349-5166

 

Andrew Corporation Updates Fourth Quarter Guidance

 

ORLAND PARK, IL, September 23, 2004 – Andrew Corporation, a global communications systems equipment supplier, has updated its previously issued guidance for the fourth quarter of fiscal 2004, with revenues now estimated to be in the range of $450 million to $470 million and a GAAP loss in the range of $0.04 to $0.08 per share, which includes non-cash intangible amortization, restructuring costs and provisions related to exiting certain product lines of approximately $0.10 to $0.11 per share.  This compares with previous guidance for sales in the range of $460 million to $490 million and GAAP earnings of $0.04 to $0.07 per share, including non-cash intangible amortization and restructuring costs of approximately $0.06 per share.

 

“In North America, recent GSM-based operator consolidation activity, as well as the effect of other operators who have yet to commit to next-generation technology, has put significant pressure on the current quarter’s revenues and margins,” said Ralph Faison, president and chief executive officer, Andrew Corporation.  “As these operators complete their consolidation and decide on their technology direction, we expect revenue and margins to improve.  Our margins also are being unfavorably impacted by higher raw material costs, particularly copper, steel and petrochemicals, which partially will be offset by our recent price increases.  Finally, we continue to be impacted by supply chain start-up costs associated with new products.

 

“Despite these current issues, the long-term market fundamentals of the wireless infrastructure industry continue to be positive.  We are focused on enhancing our market-leading position and improving financial performance for fiscal 2005.”

 

Ralph Faison, president and chief executive officer, is scheduled to present at the Banc of America Securities Investment Conference on Thursday, September 23, 2004, at 11:30 a.m. CT.  The conference is being held at the Ritz Carlton Hotel in San Francisco, California.  Investors may listen to a live audio webcast of the conference call at www.andrew.com.

 

Additionally, the company will announce financial results for the fourth quarter of fiscal 2004 on Thursday, October 28, and discuss results with investors at 8:00 a.m. CT.  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

 

One Company. A World of Solutions.

 



 

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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