-----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, Vqp4kuM3yHefMLDVuYwBusTwRQAzglbMiwsd1EndelKHzN5Nb4dA872myrRPs3gh 9K7JS+TWd2ks2/3O3WSjzQ== 0000047307-06-000002.txt : 20060215 0000047307-06-000002.hdr.sgml : 20060215 20060215135659 ACCESSION NUMBER: 0000047307-06-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051231 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060215 DATE AS OF CHANGE: 20060215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HICKOK INC CENTRAL INDEX KEY: 0000047307 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 340288470 STATE OF INCORPORATION: OH FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00147 FILM NUMBER: 06621224 BUSINESS ADDRESS: STREET 1: 10514 DUPONT AVE CITY: CLEVELAND STATE: OH ZIP: 44108 BUSINESS PHONE: 2165418060 MAIL ADDRESS: STREET 1: 10514 DUPONT AVE CITY: CLEVELAND STATE: OH ZIP: 44108 FORMER COMPANY: FORMER CONFORMED NAME: HICKOK ELECTRICAL INSTRUMENT CO DATE OF NAME CHANGE: 19920703 8-K 1 r8kfy06q1.htm HICKOK INC FORM 8-K FY 2006 QTR 1 Hickok 8-K
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)      February 15, 2006                                                  


                                                 HICKOK INCORPORATED                                                        
(Exact name of registrant as specified in its charter)


                 Ohio              
(State or other jurisdiction
of incorporation)
                  0-147                
 (Commission
 File Number)
          34-0288470      
(IRS Employer
Identification No.)


    10514 Dupont Avenue      Cleveland, Ohio                                                                                44108
    (Address of principal executive offices)                                                                             (Zip Code)


Registrant's telephone number, including area code         (216) 541-8060                                              


                                                                                                                                                                    
(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:

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

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

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

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



Item 2.02    Results of Operations and Financial Condition

            On February 15, 2006, Hickok Incorporated issued a news release announcing results for its fiscal 2006 first quarter ended December 31, 2005. The news release is furnished herewith as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits
     
            99.1 News Release, dated February 15, 2006


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 hereunto duly authorized.


HICKOK INCORPORATED                    

By:  /s/ Robert L. Bauman                        
Robert L. Bauman                            
   President and CEO                          

Date:    February 15, 2006

EXHIBIT  INDEX

            Exhibit                Description of Exhibit
           
            99.1                    News Release, dated February 15, 2006


















 EX-99.1 CHARTER 2 pr991fy06q1.htm PRESS RELEASE EXHIBIT 99.1 News Release:
Exhibit 99.1

Contact:
 Robert L. Bauman
HICKOK INCORPORATED
10514 Dupont Avenue
Cleveland, Ohio 44108
216/541-8060


February 15, 2006
FOR IMMEDIATE RELEASE


HICKOK INCORPORATED REPORTS FIRST QUARTER
OPERATING RESULTS

CLEVELAND, OH, February 15 Hickok Incorporated (Nasdaq: HICKA.OB), a Cleveland based supplier of products and services for automotive, locomotive, and aircraft industries, today reported operating results for its fiscal 2006 first quarter ended December 31, 2005.

For the quarter ended December 31, 2005, the Company recorded net income of $104,503 or 9 cents per share, compared with a net loss of $483,758 or 40 cents per share, in the same period a year ago. Sales in the first quarter were $2,703,224, up 31% from $2,064,891 a year ago.

Robert L. Bauman, President and CEO said that the first quarter results were in line with expectations. Normally the first quarter is weak,  however,  initial deliveries of a large order for a diagnostic tool for an OEM improved the results. Deliveries of the tool will continue and be completed in the second quarter which is also generally a stronger quarter for our core businesses, he said. He also stated the Company will have to rely on the core businesses, which seem to be improving, unless another large opportunity the Company has been working on becomes an order that would affect future quarters.

Backlog at December 31, 2005 was $2,914,000 an increase of 87% from the backlog of $1,561,000 a year earlier. The increase was due primarily to increased orders for automotive diagnostic products to automotive OEM's of $1,886,000 offset in part by a decrease in aftermarket products of approximately $306,000. Indicator products declined by approximately $246,000. The Company anticipates that most of the current backlog will be shipped in fiscal 2006.

The Company's financial position remains strong, with current assets of $8,142,906 that are 4.3 times current liabilities, and no long-term debt, and working capital of  $6,233,714.  At December 31, 2005 shareholder's equity was $8,567,996 or $7.07 per share.

Hickok provides products and services primarily for the automotive, locomotive, and aircraft industries. Offerings include the development, manufacture and marketing of electronic and non-electronic automotive diagnostic products used for repair, emission testing, and nut-running electronic controls used in manufacturing processes. The Company also develops and manufactures indicating instruments for aircraft, locomotive and general industrial applications and provides repair training programs.

Certain statements in this news release, including discussions of management's expectations for fiscal 2006, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those anticipated as a result of risks and uncertainties which include, but are not limited to, Hickok's ability to effectively develop and market new products serving customers in the automotive aftermarket, overall market and industry conditions, the Company's ability to capitalize on market opportunities as well as the risks described from time to time in Hickok's reports as filed with the Securities and Exchange Commission.

HICKOK INCORPORATED
Consolidated Income Statement (Unaudited)


 3 MONTHS
Period ended December 31
2005
 2004
Net sales
 $2,703,224
 $2,064,891
Income (loss) before Income tax
 158,303
 (732,858)
Income (recovery of) taxes
 53,800
 (249,100)
Net income (loss)
 104,503
 (483,758)



Basic income (loss) per share
 .09
 (.40)
Diluted income (loss) per share
 .08
 (.40)



Weighted average shares outstanding
 1,211,245
 1,213,073








































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