-----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, PSTqwcyLFSrFaVXIHefbz7NQt9k6vhOL9GrJvtlnuajt2l5oiiubh3dALpBe4yPn IrocQvR051Qvy7SjEhptZw== 0000950124-99-006462.txt : 19991215 0000950124-99-006462.hdr.sgml : 19991215 ACCESSION NUMBER: 0000950124-99-006462 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991213 ITEM INFORMATION: FILED AS OF DATE: 19991214 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: 99774188 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: December 13, 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 year ended September 30, 1999, attached hereto as Exhibit A. 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: December 13, 1999 By: Mark Mikelait ----------------- ------------------------- Mark Mikelait Treasurer 3 Exhibit Index -------------- Exhibit No. Description - ----------- ------------ 99.A McClain News Release December 13, 1999 EX-99.A 2 NEWS RELEASE - DECEMBER 13, 1999 1 EXHIBIT 99.A - -------------------------------------------------------------------------------- McCLAIN NEWS RELEASE - -------------------------------------------------------------------------------- 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 FISCAL 1999 Sterling Heights, Michigan, December 13, 1999 - McClain Industries, Inc. NASDAQ Symbol (MCCL), today announced record sales and earnings for the year ended September 30, 1999. Sales for the year ended September 30, 1999 increased 21% to a record $140,604,885 compared to $116,554,031 in Fiscal 1998. Net income for the year ended September 30, 1999 was a record $4,181,938 or $.90 per share compared to $3,383,892 or $.72 per share in fiscal 1998. Sales for the quarter ended September 30, 1999 were a record $38,658,713 compared to $35,872,693 for the same quarter a year earlier. Net income for the fourth quarter in Fiscal 1999 was $1,117,462 or $.25 a share verses income of $1,654,002 or $.35 a share for the same quarter in Fiscal 1998. "We are extremely pleased with our results for the fiscal year ended September 30, 1999" said Kenneth D. McClain, President and Chief Executive Officer, "we were able to meet our Fiscal 1999 goals of increased sales and earnings, as well as improved gross profit margins on our manufacturing operations and expect the improvements to continue in Fiscal 2000." 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. CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended Year Ended September 30, September 30, 1999 1998 1999 1998 ---- ---- ---- ---- Net Sales $38,658,713 $35,872,693 $140,604,885 $116,554,031 Cost of Sales 32,196,749 29,809,550 115,863,228 95,786,681 ----------- ----------- ------------ ------------ Gross Profit 6,461,964 6,063,143 24,741,657 20,767,350 Selling, general and administrative expenses 4,211,233 3,277,388 16,234,546 13,363,850 ----------- ----------- ------------ ------------ Income from operations 2,250,731 2,785,755 8,507,111 7,403,500 Other expense, net (557,269) (592,753) (2,170,173) (2,589,608) ----------- ----------- ------------ ------------ Income before income taxes 1,693,462 2,193,002 6,336,938 4,813,892 Income taxes 576,000 539,000 2,155,000 1,430,000 ----------- ----------- ------------ ------------ Net income $ 1,117,462 $ 1,654,002 $ 4,181,938 $ 3,383,892 =========== =========== ============ ============ Net income per common share $ .25 $ .35 $ .90 $ .72 =========== =========== ============ ============ Weight average common share 4,673,136 4,711,741 4,673,136 4,711,741 =========== =========== ============ ============
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