-----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, HJuRGVcpSpUAtN4xQUYiVfeHJpDDbL90k9tb7s1BoFI/NH4tpKX39aubEpGlsL+y HZsltYOhJmIYjbluXJiV2g== 0000950124-99-004297.txt : 19990729 0000950124-99-004297.hdr.sgml : 19990729 ACCESSION NUMBER: 0000950124-99-004297 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990728 ITEM INFORMATION: FILED AS OF DATE: 19990728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MCCLAIN INDUSTRIES INC CENTRAL INDEX KEY: 0000063686 STANDARD INDUSTRIAL CLASSIFICATION: TRUCK & BUS BODIES [3713] IRS NUMBER: 381867649 STATE OF INCORPORATION: MI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-07770 FILM NUMBER: 99672163 BUSINESS ADDRESS: STREET 1: 6200 ELMRIDGE RD CITY: STERLING HEIGHTS STATE: MI ZIP: 48310 BUSINESS PHONE: 8102643611 8-K 1 FORM 8-K 1 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: July 28, 1999 McCLAIN INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Michigan 0-7770 38-1867649 --------- --------- --------------- (State or other (Commission (I.R.S. Employer Jurisdiction File Number) Identification No.) of incorporation) 6200 Elmridge Road Sterling Heights, Michigan 48313 - --------------------------- ------- (Address of principal (Zip Code) Executive offices) Registrant's telephone number, including area code (810) 264-3611 Total pages: 3 --- 2 Item 5. Other Events See the press release announcing operating results for the quarter ended June 30, 1999, attached hereto as Exhibit A. 3 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 thereunto duly authorized. McCLAIN INDUSTRIES, INC. (Registrant) Date: July 28, 1999 By: Mark Mikelait ------------- Mark Mikelait Treasurer 4 INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.A McClain News Release July 28, 1999 EX-99.A 2 NEWS RELEASE - JULY 28, 1999 1 EXHIBIT 99.A MCCLAIN NEWS RELEASE EXHIBIT A FOR IMMEDIATE RELEASE NASDAQ CONTACT: MARK MIKELAIT Symbol MCCL TREASURER TEL: (419) 468-2120 FAX: (419) 468-4895 McCLAIN INDUSTRIES, INC. ANNOUNCES RECORD SALES AND EARNINGS FOR THE THIRD QUARTER AND NINE MONTHS ENDED JUNE 30, 1999 Sterling Heights, Michigan, July 28, 1999 - McClain Industries, Inc. NASDAQ Symbol (MCCL), today announced record sales and earnings for the third quarter and nine months ended June 30, 1999. Sales for the third quarter ended June 30, 1999 were a record $42,932,485 compared to $33,441,088 for the same quarter a year earlier. Net income was a record $1,561,339 or .33 a share compared to $1,060,453 or $.23 a share for the same quarter a year earlier. Sales for the nine months ended June 30, 1999 were a record $101,946,172 compared to $80,681,338 a year earlier. Net income was a record $3,064,476 or $.65 a share compared to $1,729,890 or $.37 a share during the prior year. "We are extremely pleased with our results for the three months and nine months ended June 30, 1999," said Kenneth D. McClain, President and Chief Executive Officer. "We continue to meet our Fiscal 1999 goals of improved gross profit margins, sales and earnings." McClain Industries is one of the nation's leading manufacturers of solid waste handling and transportation equipment for the waste disposal and recycling industry and of a diversified line of dump truck bodies. Condensed Consolidated Statements of Operations ----------------------------------------------- (Unaudited) -----------
Three Months Ended Nine Months Ended June 30, June 30, 1999 1998 1999 1998 ---- ---- ---- ---- Net Sales $42,932,485 $33,441,485 $101,946,172 $80,681,338 Cost of Sales 35,247,417 27,487,916 83,666,479 65,977,131 ----------- ----------- ------------ ----------- Gross Profit 7,685,068 5,953,172 18,279,693 14,704,207 Selling & Administrative 4,683,884 3,548,809 12,023,313 10,086,462 ----------- ----------- ------------ ----------- Operating Profit 3,001,184 2,404,363 6,256,380 4,617,745 Other Income (Expense) (635,845) (792,910) (1,612,904) (1,996,855) ----------- ----------- ------------ ----------- Income Before Income Taxes 2,365,339 1,611,453 4,643,476 2,620,890 Provision for Income Taxes 804,000 551,000 1,579,000 891,000 ----------- ----------- ------------ ----------- Net Income $ 1,561,339 $ 1,060,453 $ 3,064,476 $ 1,729,890 =========== =========== ============ =========== Earnings Per Share $ .33 $ .23 $ .65 $ .37 =========== =========== ============ =========== Shares Outstanding 4,669,552 4,684,439 4,669,552 4,684,439 =========== =========== ============ ===========
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