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): March 23, 2004

Summa Industries

(Exact name of registrant as specified in its charter)

Delaware	1-7755	95-1240978
(State or other jurisdiction	(Commission	(I.R.S. employer
of incorporation)	file number)	identification number)

21250 Hawthorne Boulevard, Suite 500, Torrance, California 90503

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (310) 792-7024

Not Applicable

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

Item 12. Results of Operations and Financial Condition.

On March 23, 2004, Summa Industries (the “Company”) issued a news release reporting the financial results of the Company for its fiscal second quarter ended February 29, 2004. A copy of the news release is attached to this Current Report as Exhibit 99.1.

The information in this Current Report, including the exhibit attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. The information in this Current Report, including the exhibit attached hereto, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.		Exhibits.

	(c)	Exhibits.

		Exhibit	Description

		99.1	News Release of the Company Regarding Second Quarter Financial Results

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.

		SUMMA INDUSTRIES,
		a Delaware corporation

Date: March 23, 2004		By: /s/ James R. Swartwout
		James R. Swartwout
		President

EXHIBIT 99.1

NEWS RELEASE

March 23, 2004

Torrance, California

Summa Reports 2^nd Quarter Earnings

Summa Industries (Nasdaq NM:SUMX) reports net income of $453,000, or $.06 per share, on sales of $26,545,000 for the three months ended February 29, 2004, versus net income of $687,000, or $.11 per share, on sales of $27,562,000 for the three months ended February 28, 2003.

	Three months ended
	Feb 29, 2004		Feb 28, 2003
Sales	$	26,545,000	$	27,562,000
Net income	$	453,000	$	687,000
Diluted earnings per share	$	.06	$	.11

Earnings were adversely affected by a non-recurring charge to interest expense of $266,000, or $.04 per share, for term loan breakup fees and the write-off of unamortized bank fees in connection with a new banking relationship.

A conference call to discuss the results will be held at 9:00 a.m., Pacific Time, Tuesday, March 23. The call-in number is (800) 915-4836. The conference call will also be simulcast and archived by www.vcall.com.

Summa Industries manufactures proprietary engineered plastic products for a broad spectrum of industrial and commercial markets. The Company has manufacturing facilities across North America. Products, many of which are unique or patented, are shipped to customers worldwide.

For further information, contact Jim Swartwout, (310) 792-7024; Fax (310) 792-7079; www.summaindustries.com; or ir@summaindustries.com.

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Summa Industries

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS	February 28, 2003		August 31, 2003		February 29, 2004

Current assets:
Cash and cash equivalents	$	462,000	$	380,000	$	147,000
Accounts receivable	17,285,000		15,729,000		17,669,000
Inventories	11,928,000		11,645,000		13,828,000
Prepaid expenses and other	3,246,000		2,710,000		3,108,000

Total current assets	32,921,000		30,464,000		34,752,000
Property, plant and equipment, net	26,769,000		26,112,000		27,967,000
Goodwill and other assets, net	12,483,000		11,940,000		11,896,000

Total assets	$	72,173,000	$	68,516,000	$	74,615,000

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable	$	5,440,000	$	5,302,000	$	5,871,000
Accrued liabilities	5,012,000		5,015,000		4,211,000
Current maturities of long-term debt	4,597,000		3,896,000		2,110,000

Total current liabilities	15,049,000		14,213,000		12,192,000
Long-term debt, net of current maturities	19,187,000		16,219,000		21,818,000
Other long-term liabilities	2,637,000		2,601,000		2,585,000
Manditorily redeemable convertible preferred stock	5,735,000		6,103,000		6,472,000
Minority interest in subsidiary	—		—		400,000
Total stockholders’ equity	29,565,000		29,380,000		31,148,000

Total	$	72,173,000	$	68,516,000	$	74,615,000

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Summa Industries

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three months ended					Six months ended
	Feb 28, 2003			Feb 29, 2004		Feb 28, 2003			Feb 29, 2004

Net sales	$	27,562,000		$	26,545,000	$	56,110,000		$	52,471,000
Cost of sales	20,833,000			20,256,000		41,957,000			39,811,000

Gross profit	6,729,000			6,289,000		14,153,000			12,660,000
Selling, general, administrative and other expenses	5,348,000			5,038,000		10,613,000			9,858,000

Operating income	1,381,000			1,251,000		3,540,000			2,802,000
Interest expense	373,000			584,000		778,000			889,000

Income before income taxes and cumulative effect of a change in accounting principle	1,008,000			667,000		2,762,000			1,913,000
Provision for income taxes	321,000			214,000		920,000			630,000

Income before cumulative effect of a change in accounting principle	687,000			453,000		1,842,000			1,283,000
Cumulative effect of a change in accounting principle	—			—		(22,343,000		)	—

Net income (loss)	$		687,000	$	453,000	$	(20,501,000	)	$	1,283,000

Preferred stock accretion	$		185,000	$	185,000	$	369,000		$	369,000

Net income (loss) available to common stockholders:
before cumulative effect of a change in accounting principle	$		502,000	$	268,000	$	1,473,000		$	914,000
after cumulative effect of a change in accounting principle	$		502,000	$	268,000	$	(20,870,000	)	$	914,000

Earnings per common share before cumulative effect of a change in accounting principle
Basic	$		.11	$	.06	$	.33		$	.21
Diluted	$		.11	$	.06	$	.32		$	.21

Earnings (loss) per common share after cumulative effect of a change in accounting principle
Basic	$		.11	$	.06	$	(4.70	)	$	.21
Diluted	$		.11	$	.06	$	(4.70	)	$	.21

Weighted average common shares outstanding
Basic	4,450,000			4,370,000		4,444,000			4,328,000
Diluted	4,556,000			4,450,000		4,554,000			4,403,000