-----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, HLBkXYo0WOg8vqktut7G8/RIFDBXVir1z9Cw6PwgWg4XudGWB7VF35J65zbyh+wp WwtvzUIEtrHjeCiGVyGzmw== 0000079225-03-000009.txt : 20030707 0000079225-03-000009.hdr.sgml : 20030704 20030707133515 ACCESSION NUMBER: 0000079225-03-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030630 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLYMOUTH RUBBER CO INC CENTRAL INDEX KEY: 0000079225 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 041733970 STATE OF INCORPORATION: MA FISCAL YEAR END: 1127 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05197 FILM NUMBER: 03776606 BUSINESS ADDRESS: STREET 1: 104 REVERE ST CITY: CANTON STATE: MA ZIP: 02021 BUSINESS PHONE: 6178280220 MAIL ADDRESS: STREET 1: PLYMOUTH RUBBER CO INC STREET 2: 104 REVERE ST CITY: CANTON STATE: MA ZIP: 02021 8-K 1 form8k.txt FORM 8K 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 June 30, 2003 ------------------------------------------------- Date of Report (Date of earliest event reported) Plymouth Rubber Company, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Massachusetts 1-5197 04-1733970 - -------------------------------------------------------------------------- (State or other jurisdiction) (Commission (IRS Employer of incorporation File Number) Identification No.) 104 Revere Street, Canton, Massachusetts 02021 ----------------------------------------------------------- (Address of principal executive offices) (Zip Code) (781) 828-0220 ------------------------------------------------- Registrant's Telephone Number, including area code None ------------------------------------------------------------ (Former Name or Former Address, if changed since last report) Item 7. Exhibits (c) Exhibits: Exhibit No. Description 99.1 Press release issued by Plymouth Rubber Company, Inc. on June 30, 2003 reporting financial results for the second quarter of fiscal 2003. Item 12. Results of Operations and Financial Condition. The Company is furnishing a press release that was issued on June 30, 2003 reporting financial results for the second quarter of fiscal 2003, a copy is attached hereto as Exhibit 99.1. 2 SIGNATURES Pursuant to the provisions 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 PLYMOUTH RUBBER COMPANY, INC. (Registrant) Date: July 7, 2003 By /s/ Joseph J. Berns ---------------------- Joseph J. Berns Vice President-Finance and Treasurer 3 EX-99.1 3 press_rel2q.txt PRESS RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Joseph J. Berns Vice President - Finance (781) 828-0220 Ext. 1377 Plymouth Rubber Company, Inc. Reports Financial Results for the Second Quarter of Fiscal 2003 Canton, Massachusetts (Monday, June 30, 2003) - Plymouth Rubber Company, Inc. (AMEX: PLR.A, PLR.B) today announced financial results for the second quarter of fiscal 2003 ended May 30, 2003. Sales for the second quarter of fiscal 2003 increased 2.4% to $18,287,000, from $17,854,000 last year. Net income for the second quarter of fiscal 2003 decreased to a loss of $184,000, or a loss of $0.09 diluted earnings per share, from a profit of $718,000, or a profit of $0.34 diluted earnings per share last year. The second quarter of fiscal 2002 included a $187,000 tax benefit from carryback of net operating losses. For the first half of 2003, sales were $31,830,000, a 0.1% increase from $31,795,000 last year. Net income for the first half decreased to a loss of $1,564,000, or a loss of $0.76 diluted earnings per share, from a profit of $591,000, or a profit of $0.29 diluted earnings per share last year. "Although we continue to be affected by sluggish industrial demand and by high raw materials and energy costs, we believe that our sales bottomed out in the first quarter and are now starting to grow again", stated Maurice J. Hamilburg, Plymouth's President and Co-CEO. "Raw materials and energy costs have recently shown signs of moderating, and our international sales are beginning to benefit from the weaker U.S. dollar. Most importantly, we will continue to push forward on new sales strategies to improve future performance." Plymouth Rubber Company, Inc. manufactures and distributes plastic and rubber products, including automotive tapes, insulating tapes, and other industrial tapes and films. The Company's tape products are used by the electrical supply industry, electric utilities, and automotive and other original equipment manufacturers. Through its Brite-Line Technologies subsidiary, Plymouth manufactures and supplies highway marking products. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. The Company's actual results could differ materially from those set forth in the forward-looking statements as a result of various factors, including those referenced in the "Management's Discussion and Analysis" section of the Company's most recent Annual Report on Form 10-K, which is on file with the SEC. << Table Follows >> Plymouth Rubber Company Reports Financial Results for the Second Quarter of Fiscal 2003 (Continued) (in Thousands, Except Share and Per Share Amounts) (Unaudited) Second Quarter Ended Six Months Ended ----------------------- ---------------------- May 30, May 31, May 30, May 31, 2003 2002(a) 2003 2002(a) --------- -------- -------- -------- Net Sales $ 18,287 $ 17,854 $ 31,830 $ 31,795 ========= ======== ======== ========= Net Income (Loss) $ (184) $ 718 $ (1,564) $ 591 ========= ======== ======== ========= Per Share Data: Basic Earnings Per Share: Net Income (Loss) $ (0.09) $ 0.35 $ (0.76) $ 0.29 ========= ======== ======== ========= Weighted average shares outstanding 2,058,976 2,058,976 2,058,976 2,058,976 ========= ======== ======== ========= Diluted Earnings Per Share: Net Income (Loss) $ (0.09) $ 0.34 $ (0.76) $ 0.29 ========= ======== ======== ========= Weighted average shares outstanding 2,092,026 2,092,026 2,067,307 2,067,307 ========= ======== ======== ========= (a) includes $187,000 tax benefit from carryback of net operating losses. -----END PRIVACY-ENHANCED MESSAGE-----