-----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, iPhycmzVaAPD4A69QiWR7M+WacPJHQfVFWrgx2GUWTr6cgOY5dAKdMz38loPKt7H tSLKC23MI6f+DjIbPwGUDg== 0000950109-95-003370.txt : 19950823 0000950109-95-003370.hdr.sgml : 19950823 ACCESSION NUMBER: 0000950109-95-003370 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19950822 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950822 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMETEK INC CENTRAL INDEX KEY: 0000006082 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 134923320 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00168 FILM NUMBER: 95565942 BUSINESS ADDRESS: STREET 1: STATION SQUARE CITY: PAOLI STATE: PA ZIP: 19301 BUSINESS PHONE: 2156472121 MAIL ADDRESS: STREET 1: STATION SQUARE CITY: PAOLI STATE: PA ZIP: 19301 8-K 1 FORM 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 EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) August 22, 1995 -------------------------------- AMETEK, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-168 13-4923320 - -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) Station Square, Paoli, Pennsylvania 19301 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 610-647-2121 ---------------- AMETEK, INC. ------------ Item 5. Other Events. ------------- As more fully described in the AMETEK (the "Company") report on Form 10-Q for the quarter ended June 30, 1995, on May 18, 1995, the Company sold its Microfoam packaging business, which had been included in its Industrial Materials business segment. As a result of this transaction, the consolidated financial statements of the Company for periods prior to the sale, including those reported in the above mentioned Form 10-Q, have been restated to reflect Microfoam as discontinued operations. Attached hereto as Exhibit 99 (a) is the Company's Restated Consolidated Statements of Income and Information by Business Segment for each of the quarterly periods in the fiscal year ended December 31, 1994, and for the quarterly period ended March 31, 1995. The information contained in said Exhibit is incorporated by reference in this Form 8-K. Item 7. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits.
Exhibit Number Description -------------- ----------- 99 (a) 1 Restated Consolidated Statements of Income of AMETEK, Inc. for each of the quarterly periods in the fiscal year ending December 31, 1994, and for the quarterly period ended March 31, 1995. 99 (a) 2 Restated Information By Business Segment of AMETEK, Inc. for each of the quarterly periods in the fiscal year ending December 31, 1994, and for the quarterly period ended March 31, 1995.
2 AMETEK, INC. ------------ 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. AMETEK, INC. ---------------------------------------- (Registrant) By /s/ John J. Molinelli --------------------------------------- John J. Molinelli Senior Vice President - Chief Financial Officer August 22, 1995 3 AMETEK, INC. ------------ EXHIBIT INDEX
Exhibit Number Description -------------- ----------- 99 (a) 1 Restated Consolidated Statements of Income of AMETEK, Inc. for each of the quarterly periods in the fiscal year ending December 31, 1994, and for the quarterly period ended March 31, 1995. 99 (a) 2 Restated Information By Business Segment of AMETEK, Inc. for each of the quarterly periods in the fiscal year ending December 31, 1994, and for the quarterly period ended March 31, 1995.
4 EX-99.A.1 2 RESTATED CONSOLIDATED STATEMENTS OF INCOME AMETEK, INC. RESTATED CONSOLIDATED STATEMENTS OF INCOME (a) (QUARTERLY DATA UNAUDITED) (DOLLARS AND SHARES IN THOUSANDS, EXCEPT PER-SHARE AMOUNTS) Exhibit 99 (a) 1 ----------------
Quarter Ending Quarter ---------------------------------------------------- Year Ending 3/31/94 6/30/94 9/30/94 12/31/94 1994 3/31/95 ------------------------------------------------------------------------------- Net sales $191,403 $202,710 $190,427 $190,198 $774,738 $211,527 Expenses: Cost of sales (excluding depreciation) 150,092 156,501 146,876 146,821 600,290 162,847 Selling, general and administrative 18,213 18,821 17,450 16,496 70,980 20,193 Depreciation 6,362 6,541 6,681 8,592 28,176 6,981 ------------------------------------------------------------------------------- Total expenses 174,667 181,863 171,007 171,909 699,446 190,021 ------------------------------------------------------------------------------- Operating income 16,736 20,847 19,420 18,289 75,292 21,506 Other income (expenses): Interest expense (5,032) (5,165) (6,064) (5,357) (21,618) (5,032) Other, net 1,775 (124) 1,684 754 4,089 540 ------------------------------------------------------------------------------- Income from continuing operations before income taxes 13,479 15,558 15,040 13,686 57,763 17,014 Provision for income taxes 5,089 6,197 5,282 4,576 21,144 6,865 ------------------------------------------------------------------------------- Income from continuing operations 8,390 9,361 9,758 9,110 36,619 10,149 Income from discontinued operations, net of taxes 417 308 468 1,179 2,372 513 ------------------------------------------------------------------------------- Income before extraordinary item and cumulative effect of accounting change 8,807 9,669 10,226 10,289 38,991 10,662 Extraordinary loss on early extinguishment of debt, net of taxes (11,810) 0 0 0 (11,810) 0 Cumulative effect of accounting change for marketable securities, net of taxes 3,819 0 0 0 3,819 0 ------------------------------------------------------------------------------- Net income $816 $9,669 $10,226 $10,289 $31,000 $10,662 =============================================================================== Earnings (loss) per share: (b) Income from continuing operations $0.20 $0.26 $0.28 $0.26 $0.99 $0.30 Income from discontinued operations 0.01 0.01 0.01 0.04 0.06 0.01 ------------------------------------------------------------------------------- Income before extraordinary item and cumulative effect of accounting change 0.21 0.27 0.29 0.30 1.05 0.31 ------------------------------------------------------------------------------- Extraordinary loss on early extinguishment of debt (0.28) 0.00 0.00 0.00 (0.32) 0.00 Cumulative effect of accounting change 0.09 0.00 0.00 0.00 0.11 0.00 ------------------------------------------------------------------------------- Net income $0.02 $0.27 $0.29 $0.30 $0.84 $0.31 =============================================================================== Cash dividends paid per share $0.06 $0.06 $0.06 $0.06 $0.24 $0.06 =============================================================================== Average common shares outstanding 42,644 36,359 34,839 34,660 37,126 34,244 ===============================================================================
_____________________________________________ (a) Restated for discontinued operations in May, 1995. (b) The sum of quarterly earnings per share will not equal year-to-date earnings per share due to the effect of common stock repurchases during the year. EX-99.A.2 3 RESTATED INFORMATION BY SEGMENT AMETEK, INC. RESTATED INFORMATION BY BUSINESS SEGMENT (a) (QUARTERLY DATA UNAUDITED) (Dollars in thousands) EXHIBIT 99 (a) 2 ----------------
QUARTER ENDING QUARTER -------------------------------------------------------- YEAR ENDING 3/31/94 6/30/94 9/30/94 12/31/94 1994 3/31/95 --------------------------------------------------------------------------------------- NET SALES - ------------------------------- Electro-mechanical $82,750 $89,863 $79,570 $88,175 $340,358 $97,490 Precision Instruments 70,363 72,531 71,917 65,827 280,638 71,461 Industrial Materials 38,290 40,316 38,940 36,196 153,742 42,576 ----------- ----------- ----------- ----------- ----------- ----------- Total Consolidated $191,403 $202,710 $190,427 $190,198 $774,738 $211,527 =========== =========== =========== =========== =========== =========== OPERATING INCOME - ------------------------------- Electro-mechanical $10,174 $12,311 $11,062 $12,656 $46,203 $12,745 Precision Instruments 6,363 7,692 9,318 5,816 29,189 7,716 Industrial Materials 5,671 6,864 5,699 5,017 23,251 7,764 ----------- ----------- ----------- ----------- ----------- ----------- Total segments 22,208 26,867 26,079 23,489 98,643 28,225 Corporate and other (5,472) (6,020) (6,659) (5,200) (23,351) (6,719) ----------- ----------- ----------- ----------- ----------- ----------- Total Consolidated $16,736 $20,847 $19,420 $18,289 $75,292 $21,506 =========== =========== =========== =========== =========== ===========
________________________ (a) Restated for discontinued operations in May, 1995. -----END PRIVACY-ENHANCED MESSAGE-----