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): May 11, 2006

Reptron Electronics, Inc.

(Exact name of registrant as specified in its charter)

Florida	000-23426	38-2081116
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

13700 Reptron Boulevard, Tampa, Florida 33626

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (813) 854-2000

N/A

(Former name or former address, if changed since last report)

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:

¨ 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))

Item 2.02. Results of Operations and Financial Condition.

The information required to be furnished under this “Item 2.02 Results of Operations and Financial Condition” and Exhibit 99.1 of this report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section.

On May 11, 2006, Reptron Electronics, Inc. issued a press release announcing its financial results for the first fiscal quarter ended March 31, 2006. A copy of the press release announcing these financial results is attached as Exhibit 99.1 to this Current Report.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

The following exhibit is furnished with this Current Report on Form 8-K:

99.1 Press Release of Reptron Electronics, Inc., dated May 11, 2006, announcing financial results for the first fiscal quarter ended March 31, 2006 (furnished pursuant to Item 2.02 of Form 8-K).

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.

	REPTRON ELECTRONICS, INC.
	(Registrant)
March 11, 2006	By:	/s/Paul J. Plante
		Paul J. Plante
		President and Chief Executive Officer

INDEX TO EXHIBITS

Exhibit Number	Description
99.1	Press Release of Reptron Electronics, Inc., dated May 11, 2006, announcing financial results for the first fiscal quarter ended March 31, 2006.

EX-99.1

Exhibit 99.1

13700 Reptron Blvd. • Tampa, FL 33626-3046 • 813.854.2000            

Contact:	Charles L. Pope
	Chief Financial Officer
	(813) 854-2000
	cpope@reptron.com

FOR IMMEDIATE RELEASE

REPTRON ELECTRONICS, INC., REPORTS

FIRST QUARTER 2006 FINANCIAL RESULTS

Tampa, Florida, May 11, 2006 — Reptron Electronics, Inc. (OTCBB: RPRN), an electronics manufacturing services company, today reported financial results for its first quarter ended March 31, 2006.

Reptron recorded first quarter 2006 net sales of $36.8 million, a 5.9% increase from the same period a year ago, and a 0.5% increase from the fourth quarter of 2005. The Company recorded a first quarter 2006 net loss of $0.8 million, or $0.16 per fully diluted share. This compares to a $1.5 million loss, or $0.29 per fully diluted share, in the same period a year ago.

“Reptron sales have begun to grow again, which is critical to our long-term success,” stated Paul J. Plante, Reptron’s President and Chief Executive Officer. Plante continued, “During the first quarter, the Company posted its second consecutive quarter of year-over-year sales growth, which we believe reflects a strong economy and a growing industry. These conditions should help partially offset the anticipated sales reductions from one of our larger customers who was recently acquired.”

“Our first quarter gross margins were negatively impacted by certain costs that are consistently higher in the first quarter each year and by start-up costs associated with two new customer programs,” stated Plante. “The cost reduction plan we implemented last year continues to provide benefits as first quarter operating costs reduced by over 10% year over year,” concluded Plante.

(more)

Reptron Reports First Quarter 2006 Financial Results

May 11, 2006

Page Two

Reptron Electronics Inc. has scheduled a conference call for 9:00 a.m. (EDT), May 12, 2006, to discuss the Company’s financial performance. Shareholders, members of the media and other interested parties may participate in the call by dialing 1-888-677-1801, or 1-210-234-0039 for international callers and entering pass code 1759871. This call is being web cast and can be accessed at the Company’s website at www.reptron.com where it will be archived through June 12, 2006. This web cast is also being distributed over CCBN’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN’s individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN’s Individual Investor Network. Institutional investors can access the call via CCBN’s password-protected event management site, StreetEvents (www.streetevents.com). A telephone replay of the call will be available through June 12, 2006, by dialing 1-866-443-4137 from the U.S., or 1-203-369-1108 from international locations and entering pass code 1758971.

About Reptron

Reptron Electronics, Inc., is an electronics manufacturing services company providing engineering services, electronics manufacturing services and display integration services. Reptron Manufacturing Services offers full electronics manufacturing services including complex circuit board assembly, complete supply chain services and manufacturing engineering services to original equipment manufacturers (“OEMs”) in a wide variety of industries. Reptron Outsource Manufacturing and Design provides value-added display design engineering and system integration services to OEMs. For more information, please access www.reptron.com.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties.. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: The ability of the Company to achieve profitable operations, business conditions and growth in the Company’s industry and in the general economy; competitive factors; risks due to shifts in market demand; risks inherent with predicting revenue and earnings outcomes; uncertainties involved in implementing improvements in the manufacturing process; and the risk factors listed from time to time in the Company’s reports filed with the Securities and Exchange Commission as well as assumptions regarding the foregoing. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan,” “appears,” and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.

REPTRON ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)

	Three Months Ended March 31, 2006			Three Months Ended March 31, 2005
Net Sales	$	36,802		$	34,757
Cost of goods sold		32,741			30,935
Gross profit		4,061			3,822
Selling, general and administrative expenses		3,954			4,428
Operating income (loss)		107			(606	)
Other expense:
Interest expense, net		(934	)		(841	)
Reorganization costs		10			(4	)
Total other expense		(924	)		(845	)
Loss before income taxes		(817	)		(1,451	)
Income tax provision		—			—
Net earnings (loss)	$	(817	)	$	(1,451	)
Net loss per common share - basic and diluted	$	(0.16	)	$	(0.29	)
Weighted average Common Stock equivalent shares outstanding - basic and diluted		5,000,000			5,000,000

REPTRON ELECTRONICS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

	March 31, 2006			December 31, 2005
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	250		$	230
Restricted cash		700			740
Account receivable - trade, net		16,148			17,990
Inventories, net		23,158			21,378
Prepaid expenses and other		283			1,266
Total current assets		40,539			41,604
PROPERTY, PLANT & EQUIPMENT –NET		18,403			18,937
GOODWILL, NET		2,100			2,100
OTHER INTANGIBLE ASSETS, NET		3,074			3,230
DEFERRED INCOME TAX		1,543			1,543
OTHER ASSETS		28			83
TOTAL ASSETS	$	65,687		$	67,497
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable – trade	$	17,108		$	15,008
Accrued expenses		3,845			5,613
Note payable to bank		12,659			13,900
Current portion of long-term obligations		315			315
Total current liabilities		33,927			34,836
SENIOR SECURED NOTES		30,000			30,000
LONG-TERM OBLIGATIONS, less current portion		2,962			3,046
SHAREHOLDERS’ EQUITY
Preferred Stock - authorized 15,000,000 shares of $.10 par value; no shares issued		—			—
Common Stock - authorized 50,000,000 shares of $.01 par value; issued and outstanding, 5,000,000 shares		50			50
Additional paid-in capital		15,725			15,725
Accumulated deficit		(16,977	)		(16,160	)
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT)		(1,202	)		(385	)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)	$	65,687		$	67,497