-----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, QMcEB395FanmDs74/4ixdDV2TGCTWAzRsGyeYST7RWdu0mYI6+kRRkJmZrpRSpuq p2J61xRZK+erewSdzsz4WA== 0000910647-02-000190.txt : 20020926 0000910647-02-000190.hdr.sgml : 20020926 20020926172653 ACCESSION NUMBER: 0000910647-02-000190 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020725 ITEM INFORMATION: Other events FILED AS OF DATE: 20020926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESTERLINE TECHNOLOGIES CORP CENTRAL INDEX KEY: 0000033619 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 132595091 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06357 FILM NUMBER: 02773576 BUSINESS ADDRESS: STREET 1: 10800 NE 8TH ST STREET 2: STE 600 CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 2064539400 MAIL ADDRESS: STREET 1: 10800 N E 8TH STREET CITY: BELLEVUE STATE: WA ZIP: 98004 FORMER COMPANY: FORMER CONFORMED NAME: BOYAR SCHULTZ INC DATE OF NAME CHANGE: 19671101 FORMER COMPANY: FORMER CONFORMED NAME: ESTERLINE CORP DATE OF NAME CHANGE: 19910317 8-K 1 est-8k5.htm FORM 8-K FOR JULY 25, 2002

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

July 25, 2002
Date of Report
(Date of earliest event reported)

_________________________

ESTERLINE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other Jurisdiction
of Incorporation)

001-06357
(Commission File No.)

13-2595091
(I.R.S. Employer
Identification No.)

10800 NE 8th Street, Bellevue, Washington 98004
(Address of principal executive offices, including Zip Code)

425/453-9400
(Registrant's telephone number, including area code)

<PAGE>

Item 5.     Other Events

      As previously reported in a Current Report on Form 8-K dated July 25, 2002 filed by Esterline Technologies Corporation, a Delaware corporation (the "Registrant"), with the Securities and Exchange Commission, on July 25, 2002 the Board of Directors of the Registrant determined to discontinue the operations of the Registrant's Automation segment.

      Set forth below are selected financial data for fiscal years 2000 and 2001, and the quarterly financial data for fiscal 2001 and the first three quarters of fiscal 2002, which reflect the impact of accounting for the discontinuance of operations of the Automation segment in a manner consistent with generally applied accounting principles. All affected prior year and quarterly amounts have been adjusted accordingly.

<PAGE>  2

Selected Financial Data*
In thousands, except per share amounts

for fiscal years

2001   

2000   

Operating Results
Net sales
Cost of sales
Selling, general
    
and administrative
Research, development
    
and engineering
Gain on sale of business
Insurance settlement
Gain on derivative
    
financial instruments
Interest income
Interest expense
Income tax expense
Income from continuing operations
Income (loss) from discontinued
    operations, net of tax
Cumulative effect of change
    in accounting principle (loss)


$ 430,923 
266,519 

84,166 

14,232 
- - 
(4,631)

(786)
(3,307)
7,663 
24,428 
42,639 

(9,780)

(403)


$ 372,551 
229,413 

82,071 

12,431 
(2,591)
- - 

- - 
(2,205)
8,124 
15,764 
29,544 

3,043 

- - 

Net earnings per share - diluted:
    Continuing operations
    Discontinued operations
    Cumulative effect of change
        in accounting principle


$       2.13 
(.49)

(.02)


$       1.68 
..17 

- - 

*

DISCLAIMER: This historical financial data is provided as a convenience and is for informational purposes only. It is not subject to update. More detailed information is provided in our annual report on Form 10-K for the fiscal year ended October 26, 2001, quarterly reports on Form 10-Q for the quarters ended January 25, 2002, April 26, 2002 and July 26, 2002, and current reports on Form 8-K dated April 29, 2002, July 12, 2002, July 25, 2002 and August 29, 2002 filed with the Securities and Exchange Commission, which are accessible through the SEC's website at http://www.sec.gov.

<PAGE>  3

Quarterly Financial Data*
In thousands, except per share amounts

Fiscal year 2001

Fourth

Third

Second

First

Operating Results
Net sales
Cost of sales
Selling, general
    and administrative
Research, development
    and engineering
Insurance settlement
Loss (gain) on derivative
    financial instruments
Interest income
Interest expense
Income tax expense
Income from continuing operations
Loss from discontinued
    operations, net of tax
Cumulative effect of change
    in accounting principle (loss)


$ 113,360 
69,649 

22,836 

3,733 
- - 

(228)
(810)
1,843 
5,726 
10,611 

(3,227)

- - 


$ 111,915 
68,669 

20,341 

4,030 
(1,651)

92 
(985)
1,925 
7,210 
12,284 

(3,055)

- - 


$ 110,316 
68,213 

20,536 

3,727 
(2,980)

137 
(1,046)
1,935 
7,298 
12,496 

(2,919)

- - 


$   95,332 
59,988 

20,453 

2,742 
- - 

(787)
(466)
1,960 
4,194 
7,248 

(579)

(403)

Net earnings per share - diluted1:
    
Continuing operations
    
Discontinued operations
Cumulative effect of change
    
in accounting principle


$         .50 
(.15)

- - 


$         .58 
(.14)

- - 


$         .62 
(.14)

- - 


$         .40 
(.03)

(.02)

*

DISCLAIMER: This historical financial data is provided as a convenience and is for informational purposes only. It is not subject to update. Quarterly information is not necessarily indicative of results for the full fiscal year. More detailed information is provided in our annual report on Form 10-K for the fiscal year ended October 26, 2001, quarterly reports on Form 10-Q for the quarters ended January 25, 2002, April 26, 2002 and July 26, 2002, and current reports on Form 8-K dated April 29, 2002, July 12, 2002, July 25, 2002 and August 29, 2002 filed with the Securities and Exchange Commission, which are accessible through the SEC's website at http://www.sec.gov. Certain prior year quarter amounts reported in Registrant's Form 10-Q for the quarter ended July 26, 2002 have been reclassified to conform with current presentation.

1

The sum of quarterly per share amounts may not equal per share amounts reported for year-to-date periods. This is due to changes in the number of weighted average shares outstanding and the effects of rounding for each period.

<PAGE>  4

Quarterly Financial Data*
In thousands, except per share amounts

Fiscal year 2002

Third

Second

First

Operating Results
Net sales
Cost of sales
Selling, general
    
and administrative
Research, development
    
and engineering
Loss on derivative
    financial instruments
Interest income
Interest expense
Income tax expense
Income from continuing operations
Loss from discontinued
    operations, net of tax
Cumulative effect of change
    in accounting principle (loss)


$ 112,423 
76,070 

19,849 

4,440 

- - 
(245)
1,806 
3,577 
6,926 

(17,529)

- - 


$ 100,681 
68,367 

17,384 

3,238 

- - 
(514)
1,811 
3,180 
7,215 

(2,292)

- - 


$   96,818 
64,351 

18,317 

3,042 


(609)
1,789 
3,289 
6,638 

(2,293)

(7,574)

Net earnings per share - diluted1:
    Continuing operations
    Discontinued operations
Cumulative effect of change
    in accounting principle


$         .33 
(.84)

- - 


$         .34 
(.11)

- - 


$         .32 
(.11)

(.37)

*

DISCLAIMER: This historical financial data is provided as a convenience and is for informational purposes only. It is not subject to update. Quarterly information is not necessarily indicative of results for the full fiscal year. More detailed information is provided in our annual report on Form 10-K for the fiscal year ended October 26, 2001, quarterly reports on Form 10-Q for the quarters ended January 25, 2002, April 26, 2002, and July 26, 2002, and current reports on Form 8-K dated April 29, 2002, July 12, 2002, July 25, 2002 and August 29, 2002 filed with the Securities and Exchange Commission, which are accessible through the SEC's website at http://sec.gov.

1

The sum of quarterly per share amounts may not equal per share amounts reported for year-to-date periods. This is due to changes in the number of weighted average shares outstanding and the effects of rounding for each period.

<PAGE>  5

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.

 

ESTERLINE TECHNOLOGIES CORPORATION
(Registrant)

Dated: September 26, 2002

By:    /s/ Robert D. George                                      
Robert D. George
Vice President,
Chief Financial Officer,
Secretary and Treasurer
(Principal Financial and
Accounting Officer)

<PAGE>  6

 

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