-----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, GaQNm3jCy6QbAZ1n3YuAm1n1mgG1g3gGeS4oOYcKxpHoyULEUSUkk8cUOFc0HEHs 0GFYY8/haJqRbs/83awVDQ== 0000805264-03-000038.txt : 20031219 0000805264-03-000038.hdr.sgml : 20031219 20031219081647 ACCESSION NUMBER: 0000805264-03-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031218 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEORGIA GULF CORP /DE/ CENTRAL INDEX KEY: 0000805264 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 581563799 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09753 FILM NUMBER: 031063621 BUSINESS ADDRESS: STREET 1: 400 PERIMETER CTR TERRACE STREET 2: STE 595 CITY: ATLANTA STATE: GA ZIP: 30346 BUSINESS PHONE: 7703954500 MAIL ADDRESS: STREET 1: 460 PERIMETER CENTER TERRACE STREET 2: STE 395 CITY: ATLANTA STATE: GA ZIP: 30346 8-K 1 body_8k.htm BODY8K body8k
FOR IMMEDIATE RELEASE                                        
 
Contact: Dick Marchese
                                        770-395-4531
                                         
                                      Jim Matthews
                                     770-395-4577


Georgia Gulf Expects Fourth Quarter Loss of $.08 to $.11 Per Share After Charges of $.28 Per Share Related to Early Retirement of Debt


ATLANTA, December 18, 2003 – Georgia Gulf Corporation (NYSE: GGC) announced today that it expects to record a net loss in the fourth quarter of $.08 to $.11 per diluted share, which includes approximately $.28 per diluted share related to the early retirement of debt. This expected loss compares to third quarter net income of $.24 per diluted share.
 
    Fourth quarter chlorovinyls operating income is expected to be higher compared to the third quarter due to higher vinyl resins sales prices, which should more than offset higher raw materials costs and lower sales volumes. Despite higher sales volumes, aromatics operating income is expected to decline compared to the third quarter due to the impact of higher raw materials costs.
 
    Overall, operating income for the quarter is expected to decline by $2 to $4 million, primarily as a result of increases in bad debt expense and profit sharing expense of approximately $4 to $6 million.
 
    Georgia Gulf will host a teleconference on Friday, December 19, 2003, at 9 AM EST. To access the teleconference, please dial 888-552-7928 (domestic) or 706-679-3718 (international). To access the teleconference via Webcast, log on to http://www.firstcallevents.com/service/ajwz394840029gf12.html. Playbacks will be available from 12 PM EST Friday, December 19, to 5 PM EST Wednesday, December 31. Playback numbers are 800-642-1687 (domestic) or 706-645-9291 (international). The conference call ID number is 4476862.
 
    Georgia Gulf, headquartered in Atlanta, is a major manufacturer and marketer of two integrated product lines, chlorovinyls and aromatics. Georgia Gulf’s chlorovinyl products include chlorine, caustic soda, vinyl chloride monomer and vinyl resins and compounds. Georgia Gulf’s primary aromatic products include cumene, phenol and acetone.
 
    This news release contains forward-looking statements subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s assumptions regarding business conditions, and actual results may be materially different. Risks and uncertainties inherent in these assumptions include, but are not limited to, future global economic conditions, economic conditions in the industries to which the company sells, industry production capacity, raw material costs and other factors discussed in the Securities and Exchange Commission filings of Georgia Gulf Corporation, including our annual report on Form 10-K for the year ended December 31, 2002, and our subsequent quarterly reports on Form 10-Q.

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K:\InvestorRelations\PressReleases\Quarterly Earnings\Q4 03 Update\Q403UpdateReleaseFinal.DOC
     
 EX-99.1 3 exhibit99_1.htm EXHIBIT 99.1 Exhibit 99.1


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 (Date of earliest event reported): December 19, 2003 (December 18, 2003)
 
GEORGIA GULF CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)
1-9753
(Commission File Number)
58-1563799
(IRS Employer Identification
Number)

400 Perimeter Center Terrace, Suite 595, Atlanta, GA
(Address of Principal Executive Offices)
30346
(Zip Code)

Registrant's Telephone Number, including area code: (770) 395-4500
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)


 
 
 

Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
 
        (c) Exhibits.
 
99.1    Press Release Dated December 18, 2003
 
Item 9.        Regulation FD Disclosure (Information Being Furnished Under Item 12).

 
           In accordance with the Securities and Exchange Commission Release No. 33-8216, the following information, which is intended to be furnished under Item 12, "Results of Operations and Financial Condition," is instead being furnished under Item 9, "Regulation FD Disclosure." This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
    On December 18, 2003, Georgia Gulf Corporation issued a press release announcing expectations regarding certain financial and operating results for the fourth quarter of 2003. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated into Item 9 of this Form 8-K by reference.

 

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.
 
Dated: December 18, 2003
 
 
 
 
Georgia Gulf Corporation
 
 
 
 
By:
/s/ JOEL I. BEERMAN
 
Name:
Joel I. Beerman
 
Title:
Vice President, General Counsel and Secretary
 
 
EXHIBIT INDEX
 
99.1 Press Release dated December 18, 2003

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