-----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, DAmNiz7XNTnn8pzgDjCFi7h2bTuEq+4C2kuuVONdov3dZIsLluxddKqGXs97Deew pOtrKkgh7Sj+SM1Whm04EQ== 0000079225-04-000014.txt : 20040712 0000079225-04-000014.hdr.sgml : 20040712 20040712103524 ACCESSION NUMBER: 0000079225-04-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040528 ITEM INFORMATION: FILED AS OF DATE: 20040712 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: 04909315 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 form_8k.txt FORM 8-K 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 July 12, 2004 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 July 12, 2004 reporting financial results for the second quarter and six months of fiscal 2004. Item 12. Results of Operations and Financial Condition. The Company is furnishing a press release that was issued on July 12, 2004 reporting financial results for the second quarter and six months of fiscal 2004, a copy of which is attached hereto as Exhibit 99.1. 1 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 12, 2004 By /s/ Joseph J. Berns Joseph J. Berns Vice President-Finance and Treasurer 2 EX-99 2 press_release.txt EARNINGS RELEASE FOR IMMEDIATE RELEASE Contact: Joseph J. Berns Vice President - Finance (781) 828-0220 Ext. 1377 Plymouth Rubber Company, Inc. Reports a Profit and improved results for the Second Quarter of Fiscal 2004 CANTON, Mass., July 12, 2004 -- Plymouth Rubber Company, Inc. (Amex: PLR.A - News, PLR.B - News) announced today financial results for the second quarter ended May 28, 2004. Plymouth's second quarter 2004 sales increased 9% to $19,973,000, from $18,287,000 in 2003. Net income for the second quarter increased to a profit of $554,000, or a profit of $0.27 diluted earnings per share, compared to a loss of $184,000, or a loss of $0.09 diluted earnings per share in 2003. For the first half of 2004, sales were $34,795,000, a 9% increase from $31,830,000 last year. Net loss for the first half decreased to a loss of $243,000, or a loss of $0.12 diluted earnings per share, from a loss of $1,564,000, or a loss of $0.76 diluted earnings per share last year. "We are pleased by our continued improvement in the first half of 2004" stated Maurice J. Hamilburg, Plymouth's President and Co-CEO. "The second quarter was especially encouraging, as it resulted in our first quarterly profit from continuing operations since the third quarter of 2002. We continue to plan for higher sales for the remainder of 2004 and a return to profitability for the year." 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K which are on file with the SEC. Contact: Joseph J. Berns Vice President -- Finance (781) 828-0220 Ext. 1377 Source: Plymouth Rubber Company, Inc. << Table Follows >> Plymouth Rubber Company Reports Financial Results for the Second Quarter of Fiscal 2004 (Continued) (in Thousands, Except Share and Per Share Amounts) (Unaudited) Second Quarter Ended Six Months Ended --------------------- ----------------------- May 28, May 30, May 28, May 30, 2004 2003 2004 2003 --------- --------- --------- --------- Net Sales $ 19,973 $ 18,287 $ 34,795 $ 31,830 ========= ========= ========= ========= Net Income (Loss) $ 554 $ (184) $ (243) $ (1,564) ========= ========= ========= ========= Per Share Data: Basic Earnings Per Share: Net Income (Loss) $ 0.27 $ (0.09) $ (0.12) $ (0.76) ========= ========= ========= ========= Weighted average shares outstanding 2,058,976 2,058,976 2,058,976 2,058,976 ========= ========= ========= ========= Diluted Earnings Per Share: Net Income (Loss) $ 0.27 $ (0.09) $ (0.12) $ (0.76) ========= ========= ========= ========= Weighted average shares outstanding 2,058,976 2,058,976 2,058,976 2,058,976 ========= ========= ========= ========= -----END PRIVACY-ENHANCED MESSAGE-----