-----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, CAzzcYvxwWyTUIz5gZ0QtaR4IhVMrvKV+XXfKzF0mo1x/1YMjIZuHZ/qXCEXnRh7 r5KMqEkhtnA3HlVYhBx5xQ== 0000950130-97-001801.txt : 19970423 0000950130-97-001801.hdr.sgml : 19970423 ACCESSION NUMBER: 0000950130-97-001801 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970416 ITEM INFORMATION: Other events FILED AS OF DATE: 19970421 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROBERTS PHARMACEUTICAL CORP CENTRAL INDEX KEY: 0000853022 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 222429994 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19173 FILM NUMBER: 97583948 BUSINESS ADDRESS: STREET 1: MERIDIAN CENTRE II STREET 2: 4 INDUSTRIAL WAY W CITY: EATONTOWN STATE: NJ ZIP: 07724 BUSINESS PHONE: 9083891182 MAIL ADDRESS: STREET 1: MERIDIAN CTR II STREET 2: 4 INDUSTRIAL WAY WEST CITY: EATONTOWN STATE: NJ ZIP: 07724 8-K 1 FORM 8-K FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 16, 1997 ROBERTS PHARMACEUTICAL CORPORATION - -------------------------------------------------------------------------------- (exact name of registrant as specified in its charter) NEW JERSEY 1-1-432 22-2429994 - ------------------ --------------- ---------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) Meridian Center II 4 Industrial Way West Eatontown, New Jersey 07724 - -------------------------------------------------------------------------------- (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: 908-389-1182 Meridian Center II 4 Industrial Way West Eatontown, New Jersey 07724 - -------------------------------------------------------------------------------- (Former name or former address, if changed from last report) -2- Item 5. Other Events ------------ Roberts Pharmaceutical Corporation today reported first quarter 1997 results with significant year-to-year improvements recorded in revenues, gross profits, and net earnings. For the first-quarter ended March 31, 1997, revenues advanced 53% to $26.3 million from $17.2 million reported for the comparable 1996 period. First- quarter 1997 revenues do not include certain divested non-strategic product sales which were included in the 1996 figures. The year-to-year revenue improvement reflects, in part, initial sales of PROAMATINE(R)--the Company's first proprietary pipeline drug--which was cleared for marketing by the FDA in late 1996. Also, first-quarter 1997 revenues included sales of AGRYLIN(TM)--THE Company's second and higher margin pipeline drug--which was approved by the FDA and introduced just prior to the quarter's end. For the first-quarter 1997, Roberts reported a gross profit of $14.7 million, up 73% from a gross profit of $8.5 million a year ago. Correspondingly, the gross profit margin expanded to 55.7% from 49.2% of sales, primarily reflecting product mix and the introduction of AGRYLIN. Net income for the three months ended March 31, 1997 was $1.6 million, a positive swing of $5.8 million from a loss of $4.2 million a year ago. Earnings per share for the first-quarter 1997 amounted to $0.04 compared to a loss of $0.22 in the comparable period of 1996. On March 31, 1997, the Company's position of cash and marketable securities amounted to $94.1 million with long-term debt at $12.6 million. SIGNATURES 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. ROBERTS PHARMACEUTICAL CORPORATION ---------------------------------- (Registrant) Date: April 21, 1997 By: /s/ Anthony A. Rascino ------------------------- Anthony A. Rascio Vice President -----END PRIVACY-ENHANCED MESSAGE-----