-----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, Mg6AFY5Y+mkxnfMcfKXYYxhckuVL9OpOsJVqi8VTwzNrM3CU2SSrn2Jo0z1c+Oie 2GBBPCBOstIg7l/TPzohsg== 0000006292-05-000017.txt : 20050420 0000006292-05-000017.hdr.sgml : 20050420 20050420161833 ACCESSION NUMBER: 0000006292-05-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050420 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050420 DATE AS OF CHANGE: 20050420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANALYSTS INTERNATIONAL CORP CENTRAL INDEX KEY: 0000006292 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 410905408 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04090 FILM NUMBER: 05762170 BUSINESS ADDRESS: STREET 1: 3601 WEST 76TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55435 BUSINESS PHONE: 952-835-5900 MAIL ADDRESS: STREET 1: 3601 WEST 76TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55435 8-K 1 form8-k.htm 8-K - 4-20-05 8-K - 4-20-05



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): April 20, 2005 (April 19, 2005)


Analysts International Corporation
(Exact name of registrant as specified in its charter)
 
 
Minnesota
0-4090
41-0905408
(State or other jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification Number)
 
 
3601 West 76th Street, Minneapolis, Minnesota
55435-3000
(Address for principal executive offices)
(Zip Code)
 
 
Registrant’s telephone number, including area code: (952) 835-5900



Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ 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-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 






1


ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 19, 2005, Analysts International Corporation updated its earnings guidance for its first quarter ended April 2, 2005 and delayed its earnings conference call for the first quarter of 2005. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1.

ITEM 7.01 REGULATION FD DISCLOSURE

On April 19, 2005, Analysts International Corporation updated its earnings guidance for its first quarter ended April 2, 2005 and delayed its earnings conference call for the first quarter of 2005. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1.
 
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

99.1
Press release issued April 19, 2005 updating Analysts International Corporation’s earnings guidance for its 2005 first quarter and delaying its conference call for the first quarter of 2005.

 
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.


Date:
April 20, 2005
ANALYSTS INTERNATIONAL CORPORATION
     
     
   
/s/ Colleen M. Davenport                
   
Colleen M. Davenport
   
Secretary and General Counsel




2




EXHIBIT INDEX
 
 
Exhibit Number
Description        
   
99.1
Press release dated April 20, 2005.
 


3
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1
EXHIBIT 99.1

 
MEDIA CONTACT:
Jeff Baker
William Bartkowski
President
Partner
Analysts International
MeritViewPartners
Phone: (952) 835-5900
Phone: (612) 605-8616
jpbaker@analysts.com
bartkowski@meritviewpartners.com
 
 
Analysts International to Schedule First Quarter Conference Call after
Filing of S-4 Registration Statement with SEC
 
Declining Sub-supplier Revenue and First Quarter Project Delays Contribute to Lower
than Forecast Results
 
MINNEAPOLIS, April 19, 2005 - Analysts International (Nasdaq: ANLY) announced today that the Company will schedule its regular quarterly conference call after the Company and Computer Horizons Corp. (Nasdaq: CHRZ) have filed their Form S-4 with the Securities and Exchange Commission. The filing is expected to take place in May.

On April 13, 2005, Analysts International and Computer Horizons jointly announced that they executed a definitive agreement to combine in a merger-of-equals transaction to create one of the largest IT Professional Services firms in the United States.

Analysts International also today announced that it expects to report revenue and results per share for the quarter ended March 31, 2005 lower than management’s previous guidance. Revenue for the quarter is expected to be between $78 and $79 million and the Company now expects to report a loss for the quarter of $(0.02) to $(0.03) per share. In 2004, for the comparable quarter, the Company reported $85.4 million in revenue and earnings per share of $0.02. The Company will release results of its first quarter at the close of the market Thursday, April 28, 2005.

Jeffrey P. Baker, President of the Company, commented, “As previously disclosed we saw a significant decline in sub-supplier revenue in the first quarter. In addition, we saw a number of projects and business initiatives that were expected to contribute to a profitable first quarter experience delays. We anticipate profitable growth in future periods.”

About Analysts International
Analysts International is a global technology services company with annual revenue of more than $330 million. Headquartered in Minneapolis, the Company is a leader in implementing and managing technology solutions, committed to helping businesses become more adaptive, competitive and profitable. Working with industry leaders to expand its capabilities, Analysts International has established a loyal following of more than 1,000 client organizations, ranging from Fortune 50 companies to mid-tier industry leaders. The Company's nationwide network of offices and customer service sites allows it to adapt resources and services for any size project or supplemental requirement. Analysts International's lines of business include Technology Integration Services for applications and hardware; Advisory Services for optimizing IT investments; Outsourcing Services with local, national and international capabilities; and Staffing Services to support human capital management needs. For information visit http://www.analysts.com.
 
# # #
 
 
Statements contained herein, which are not strictly historical fact, are forward-looking statements. Words such as "believes," "intends," "possible," "expects," "estimates," "anticipates," or "plans" and similar expressions are intended to identify forward-looking statements. Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on the Company's current expectations relating to future revenues, earnings, results of operations and future sales or growth. The Company's actual results may vary materially from those projected due to certain risks and uncertainties such as the general state of the economy, volume of business activity, continued need for our services by current and prospective clients, client cancellations, the Company's ability to control and improve profit margins, including our ability to control operating costs and hourly rates for our services, the availability and utilization of qualified technical personnel and other similar factors. For more information concerning risks and uncertainties to the Company's business refer to the discussion in the "Market Condition, Business Outlook and Risks to Our Business" section in the Company's Annual Report for the year ending January 3, 2004, and the Company's prior Annual Reports, 10-Ks, 10-Qs, other Securities and Exchange Commission filings and investor relations materials.
 

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