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

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 August 10, 2006, Reptron Electronics, Inc. issued a press release announcing its financial results for the second fiscal quarter ended June 30, 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 August 10, 2006, announcing financial results for the second fiscal quarter ended June 30, 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)
August 10, 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 August 10, 2006, announcing financial results for the second fiscal quarter ended June 30, 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

SECOND QUARTER AND SIX MONTHS 2006 FINANCIAL RESULTS

Tampa, Florida, August 10, 2006 — Reptron Electronics, Inc. (OTCBB: RPRN), an electronics manufacturing services company, today reported financial results for its second quarter ended June 30, 2006.

Reptron recorded second quarter 2006 net sales of $35.5 million, a 2.7% increase from the same period a year ago, and a 3.7% decrease from the first quarter of 2006. The Company recorded a second quarter 2006 net loss of $1.4 million, or $0.28 per fully diluted share. This compares to a $11.8 million loss, or $2.37 per fully diluted share, in the same period a year ago, which included a non-cash impairment charge to goodwill of approximately $10.1 million as well as an increase to the deferred tax asset valuation allowance of approximately $0.4 million.

For the six months ended June 30, 2006, net sales totaled $72.3 million, a 4.3% increase from the first six months of 2005. The Company recorded a net loss during the first six months of 2006 totaling $2.2 million, or $0.44 per fully diluted share. This compares to a $13.3 million net loss, or $2.66 per fully diluted share, during the first six months of 2005, which included a non-cash impairment charge to goodwill of approximately $10.1 million as well as an increase to the deferred tax asset valuation allowance of approximately $0.4 million.

“Our second quarter gross margins were negatively impacted by start-up costs associated with new projects for a significant customer in the medical industry,” stated Paul J. Plante, Reptron’s President and Chief Executive Officer. Plante continued, “While these costs hurt our near term gross margins, we believe they are necessary investments towards developing a large customer relationship that we anticipate should last a number of years. We believe these initial costs will reduce during the second half of 2006 which should improve our operating results.”

“During the quarter the Company posted its third consecutive quarter of year over year sales growth,” said Plante. “We believe this will continue into the third quarter of 2006,” concluded Plante.

(more)

Reptron Reports Second Quarter 2006 Financial Results

August 10, 2006

Page Two

Reptron Electronics Inc. has scheduled a conference call for 9:00 a.m. (EST), August 11, 2006 to discuss the Company’s financial performance. Shareholders, members of the media and other interested parties may participate in the call by dialing 1-800-857-1738, or 1-210-839-8503 for international callers and entering pass code 1758971. 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 September 11, 2006. A telephone replay of the call will be available through September 11, 2006 by dialing 1-888-568-0047 from the U.S., or 1-203-369-3893 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.

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REPTRON ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)

	Three Months Ended June 30, 2006			Three Months Ended June 30, 2005
Net Sales	$	35,455		$	34,525
Cost of goods sold		32,140			30,932
Gross profit		3,315			3,593
Selling, general and administrative expenses		3,799			4,111
Impairment charges		—			10,072
Operating loss		(484	)		(10,590	)
Other expense:
Interest expense, net		(924	)		(863	)
Reorganization costs		—			(2	)
Total other expense, net		(924	)		(865	)
Loss before income taxes		(1,408	)		(11,455	)
Income tax provision		—			383
Net earnings (loss)	$	(1,408	)	$	(11,838	)
Net loss per common share - basic and diluted	$	(0.28	)	$	(2.37	)
Weighted average Common Stock equivalent shares outstanding - basic and diluted		5,009,890			5,000,000

REPTRON ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)

	Six Months Ended June 30, 2006			Six Months Ended June 30, 2005
Net Sales	$	72,257		$	69,282
Cost of goods sold		64,881			61,867
Gross profit		7,376			7,415
Selling, general and administrative expenses		7,753			8,539
Impairment charges		—			10,072
Operating loss		(377	)		(11,196	)
Other expense:
Interest expense, net		(1,858	)		(1,704	)
Reorganization costs		10			(6	)
Total other expense		(1,848	)		(1,710	)
Loss before income taxes		(2,225	)		(12,906	)
Income tax provision		—			383
Net earnings (loss)	$	(2,225	)	$	(13,289	)
Net loss per common share - basic and diluted	$	(0.44	)	$	(2.66	)
Weighted average Common Stock equivalent shares outstanding - basic and diluted		5,004,972			5,000,000

REPTRON ELECTRONICS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

	June 30, 2006			December 31, 2005
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	203		$	230
Restricted cash		700			740
Account receivable - trade, net		14,974			17,990
Inventories, net		23,431			21,378
Prepaid expenses and other		671			1,266
Total current assets		39,979			41,604
PROPERTY, PLANT & EQUIPMENT –NET		17,809			18,937
GOODWILL, NET		2,100			2,100
OTHER INTANGIBLE ASSETS, NET		2,918			3,230
DEFERRED INCOME TAX		1,543			1,543
OTHER ASSETS		31			83
TOTAL ASSETS	$	64,380		$	67,497
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable – trade	$	16,956		$	15,008
Accrued expenses		5,123			5,613
Note payable to bank		11,711			13,900
Current portion of long-term obligations		315			315
Total current liabilities		34,105			34,836
SENIOR SECURED NOTES		30,000			30,000
LONG-TERM OBLIGATIONS, less current portion		2,878			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		15,732			15,725
Accumulated deficit		(18,385	)		(16,160	)
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT)		(2,603	)		(385	)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)	$	64,380		$	67,497