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):  October 19, 2005

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)

Check the appropriate box 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 2.02.Results of Operations and Financial Condition.

On October 19, 2005, the Company issued a news release reporting the financial results of the Company for its fiscal fourth quarter and year ended August 31, 2005.  A copy of the news release is attached to this Current Report as Exhibit 99.1.

The foregoing information in this Current Report, including the related 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 foregoing information in this Current Report, including the related exhibitattached hereto, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 9.01.Exhibits.

(c)Exhibits.

Exhibit	Description
99.1	News Release of the Company Regarding Forth Quarter and Annual Financial Results

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.

	SUMMA INDUSTRIES,
	a Delaware corporation
Date: October 19, 2005	By:	/s/ James R. Swartwout
		James R. Swartwout
		President

3

EX-99.1

EXHIBIT 99.1

NEWS RELEASE

October 19, 2005

Torrance, California

Summa Industries Announces 4^th Quarter and Year-end Results

Summa Industries (NNM:SUMX) reports unaudited earnings of $164,000, or $.04 per common share, on sales of $28,001,000 for the three months ended August 31, 2005, versus earnings of $698,000, or $.17 per common share, on sales of $27,883,000 for the three months ended August 31, 2004.

	Three months ended August 31						Years ended August 31
	2005			2004			2005			2004
Sales	$	28,001,000		$	27,883,000		$	108,983,000		$	104,453,000
Income from continuing operations	$	525,000		$	845,000		$	2,960,000		$	3,495,000
Net (loss) from discontinued operations	$	(361,000	)	$	(147,000	)	$	(1,402,000	)	$	(124,000	)
Net income	$	164,000		$	698,000		$	1,558,000		$	3,371,000
Diluted earnings per share:
Continuing operations	$	0.13		$	0.21		$	0.73		$	0.71
Discontinued operations	$	(0.09	)	$	(0.04	)	$	(0.34	)	$	(0.03	)
Net income	$	0.04		$	0.17		$	0.39		$	0.68

As reported in September 2005, the Company sold certain assets of its subsidiary, Plastron Industries, Inc., at their book value and agreed to lease certain retained fixed assets of Plastron to the buyer.  The business comprised Summa’s entire Electrical Components segment, which is now reported as a discontinued operation.

A conference call to discuss the results will be held at 9:00 a.m., Pacific Time, Wednesday, October 19, 2005.  The call-in number is (800) 334-0872.  The conference call will also be simulcast and archived by www.vcall.com.

Summa Industries manufactures proprietary plastic components for industrial and commercial markets.

For further information, contact James R. Swartwout, (310) 792-7024; Fax (310) 792-7079; jim@summaindustries.com or visit www.summaindustries.com.

Summa Industries

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

	August 31, 2004		August 31, 2005
ASSETS
Current assets:
Cash and cash equivalents	$	1,248,000	$	1,233,000
Accounts receivable	18,227,000		16,919,000
Inventories	14,749,000		12,665,000
Prepaid expenses and other	3,782,000		3,471,000
Assets held for sale	—		6,099,000
Total current assets	38,006,000		40,387,000
Property, plant and equipment, net	31,053,000		29,213,000
Other assets	1,804,000		1,454,000
Goodwill and other intangibles, net	9,254,000		8,981,000
Total assets	$	80,117,000	$	80,035,000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	9,088,000	$	8,731,000
Accrued liabilities	7,429,000		5,773,000
Current maturities of long-term debt	2,195,000		3,069,000
Liabilities held for sale	—		1,280,000
Total current liabilities	18,712,000		18,853,000
Long-term debt, net of current maturities	28,663,000		27,520,000
Other long-term liabilities	2,508,000		2,441,000
Total long-term liabilities	31,171,000		29,961,000
Minority interest in subsidiary	205,000		133,000
Total stockholders’ equity	30,029,000		31,088,000
Total liabilities and stockholders’ equity	$	80,117,000	$	80,035,000

Summa Industries

CONDENSED CONSOLIDATED INCOME STATEMENTS

(unaudited)

	Three months ended August 31						Years ended August 31
	2004			2005			2004			2005
Net sales	$	27,883,000		$	28,001,000		$	104,453,000		$	108,983,000
Cost of sales	20,937,000			22,084,000			77,841,000			84,052,000
Gross profit	6,946,000			5,917,000			26,612,000			24,931,000
Selling, general, administrative and other expenses	5,156,000			4,719,000			19,660,000			18,919,000
Operating income	1,790,000			1,198,000			6,952,000			6,012,000
Interest expense	330,000			424,000			1,477,000			1,548,000
Income from continuing operations before income taxes and minority interest	1,460,000			774,000			5,475,000			4,464,000
Provision for income taxes	615,000			272,000			1,980,000			1,577,000
Income from continuing operations before minority interest	845,000			502,000			3,495,000			2,887,000
Minority interest in net loss of subsidiary	—			23,000			—			73,000
Income from continuing operations	845,000			525,000			3,495,000			2,960,000
Net (loss) from discontinued operations	(147,000		)	(361,000		)	(124,000		)	(1,402,000		)
Net income	$	698,000		$	164,000		$	3,371,000		$	1,558,000
Preferred stock accretion	—			—			$	450,000		—
Net income available to common stockholders	$	698,000		$	164,000		$	2,921,000		$	1,558,000
Earnings (loss) per common share
Basic
Continuing operations	$	.21		$	.13		$	.72		$	.74
Discontinued operations	$	(.03	)	$	(.09	)	$	(.03	)	$	(.35	)
Net income	$	.18		$	.04		$	.69		$	.39
Diluted
Continuing operations	$	.21		$	.13		$	.71		$	.73
Discontinued operations	$	(.04	)	$	(.09	)	$	(.03	)	$	(.34	)
Net income	$	.17		$	.04		$	.68		$	.39
Weighted average common shares outstanding:
Basic	3,971,000			3,947,000			4,215,000			3,979,000
Diluted	4,075,000			3,982,000			4,297,000			4,041,000