-----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, PBl8ECObYz7EOes6e7mQaLHZSe8kjnTPmZneXCARTdPWA6adqSMqMnIURgkkCBm8 fTodfSPRlcXGZxHbnipkCQ== 0001193125-06-168854.txt : 20060810 0001193125-06-168854.hdr.sgml : 20060810 20060810112811 ACCESSION NUMBER: 0001193125-06-168854 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060810 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060810 DATE AS OF CHANGE: 20060810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROVENA FOODS INC CENTRAL INDEX KEY: 0000814139 STANDARD INDUSTRIAL CLASSIFICATION: SAUSAGE, OTHER PREPARED MEAT PRODUCTS [2013] IRS NUMBER: 952782215 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10741 FILM NUMBER: 061020087 BUSINESS ADDRESS: STREET 1: 5010 EUCALYPTUS AVE CITY: CHINO STATE: CA ZIP: 91710 BUSINESS PHONE: 7146271082 MAIL ADDRESS: STREET 1: 5010 EUCALYPTUS AVENUE CITY: CHINO STATE: CA ZIP: 91710 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

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) AUGUST 10, 2006

 


 

PROVENA FOODS INC.

(Exact name of registrant as specified in its charter)

 


 

California   1-10741   95-2782215

(State or other jurisdiction

of incorporation

  (Commission File Number)  

(IRS employer

Identification No.)

 

5010 Eucalyptus Avenue, Chino, California   91710
(Address of principal executive offices)   (Zip Code)

 

(909) 627-1082

(Registrant’s telephone number, including area code)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



SECTION 2 - FINANCIAL INFORMATION

 

Item 2.02 Results of Operations and Financial Condition

 

The following is the text of a press release including registrant’s result for the 2nd quarter of 2006 which registrant intends to have published on August 10, 2006.

 

FOR IMMEDIATE RELEASE - August 10, 2006 - CHINO, CA

 

PROVENA FOODS INC. REPORTS SECOND QUARTER RESULTS

 

CHINO, Calif., Provena Foods Inc. (AMEX: PZA) had net earnings of $291,225 for the 2nd quarter and $439,344 for the 1st six months of 2006 compared to net losses of $146,615 and $321,291 a year ago. The Company’s sales were up 7.6% in the 2nd quarter and up 4.7% in the 1st six months of 2006 compared to the same periods of 2005. Both the meat and the pasta divisions contributed to the net earnings and increases in sales in both periods, except for a slight decrease in the pasta division’s sales in the 2nd quarter of 2006.

 

CONDENSED STATEMENT OF OPERATIONS

 

(Unaudited)


  

Three Months Ended

June 30,


   

Six Months Ended

June 30,


 
   2006

    2005

    2006

    2005

 

Net Sales

   $ 15,085,316     $ 14,016,535     30,535,023     29,161,172  

Cost of Sales

     13,685,527       13,307,440     27,787,202     27,515,222  
    


 


 

 

Gross profit

     1,399,789       709,095     2,747,821     1,645,950  

Operating Expenses:

                            

Distribution

     400,928       402,026     859,367     840,848  

General and administrative

     566,413       500,555     1,209,626     1,048,622  
    


 


 

 

Operating loss

     432,448       (193,486 )   678,828     (243,520 )

Interest expense and other financing costs, net

     (135,130 )     (181,450 )   (258,447 )   (461,546 )

Other Income, net

     171,203       128,621     328,337     212,875  
    


 


 

 

Loss before income taxes

     468,521       (246,315 )   748,718     (492,191 )

Income tax benefit

     (177,296 )     99,700     (309,374 )   170,900  
    


 


 

 

Net loss

     291,225       (146,615 )   439,344     (321,291 )
    


 


 

 

Loss per share:

                            

Basic and diluted

     0.08       (0.04 )   0.13     (0.10 )
    


 


 

 

Shares used in computing loss per share.

                            

Basic and diluted:

     3,502,611       3,388,265     3,485,503     3,367,082  
    


 


 

 


SECTION 9—FINANCIAL STATEMENTS AND EXHIBITS

 

Item 9.01 Financial Statements and Exhibits

 

No financial reports or exhibits are filed with this report.

 

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.

 

Date: August 10, 2006   PROVENA FOODS INC.
    By  

/s/ Thomas J. Mulroney


        Thomas J. Mulroney
        Vice President and
        Chief Financial Officer
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