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 Earliest Event Reported: October 28, 2011
Date of Report: October 31, 2011
J.B. POINDEXTER & CO., INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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333-123598 |
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76-0312814 |
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(State or other jurisdiction of |
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(Commission file number) |
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(I.R.S. Employer Identification No.) |
600 Travis, Suite 200, Houston, Texas 77002
(Address of principal executive office) (Zip Code)
Registrant’s telephone number, including area code: (713) 655-9800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.
On October 28, 2011, the Registrant announced unaudited results of operations for the three months and nine months ended September 30, 2011. A copy of the presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibit.
(d) Exhibits
The following Exhibit is filed herewith:
99.1 J.B. Poindexter & Co., Inc., Announces 2011 Unaudited Earnings and Third Quarter Conference Call
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
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J.B. POINDEXTER & CO., INC. | |
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Date: October 31, 2011 |
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By: |
/s/ Michael O’Connor |
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Michael O’Connor |
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Chief Financial Officer |
EXHIBIT 99.1
J.B. POINDEXTER & CO., INC. ANNOUNCES THIRD QUARTER 2011 EARNINGS AND CONFERENCE CALL
HOUSTON, TEXAS OCTOBER 28, 2011-J.B. Poindexter & Co., Inc. which designs, manufactures and markets commercial truck bodies, delivery vans, pickup truck caps and tonneaus, funeral coaches and limousines, specialty oil and gas industry equipment, and expanded foam packaging released unaudited revenues and earnings for the three and nine months ended September 30, 2011. The summarized unaudited results from operations were as follows (in thousands):
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For the Three Months |
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For the Nine Months |
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Ended September 30, |
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Ended September 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
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Net Sales |
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Morgan |
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$ |
64,785 |
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$ |
44,309 |
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$ |
226,519 |
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$ |
158,609 |
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Morgan Olson |
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38,114 |
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18,872 |
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72,361 |
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66,585 |
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Truck Accessories |
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30,335 |
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31,990 |
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94,156 |
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95,231 |
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Specialty Manufacturing |
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43,094 |
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39,808 |
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137,868 |
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109,883 |
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Total |
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$ |
176,328 |
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$ |
134,979 |
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$ |
530,904 |
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$ |
430,308 |
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Operating Income (Loss) |
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Morgan |
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$ |
4,294 |
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$ |
964 |
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$ |
17,305 |
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$ |
7,841 |
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Morgan Olson |
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3,417 |
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1,229 |
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3,119 |
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3,742 |
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Truck Accessories |
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2,874 |
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3,617 |
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7,769 |
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10,076 |
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Specialty Manufacturing |
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2,845 |
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2,365 |
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8,281 |
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1,732 |
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Parent |
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(2,149 |
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(2,062 |
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(5,893 |
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(5,385 |
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Total |
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$ |
11,281 |
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$ |
6,133 |
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$ |
30,581 |
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$ |
18,006 |
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Net cash provided was approximately $5.1 million for the nine months ended September 30, 2011 and as of that date we had approximately $63 million of cash and $50 million of available borrowing capacity under our revolving credit facility.
The third quarter bondholder’s call will be held on Tuesday, November 1, 2011 at 3:00 pm (Eastern time). The conference call can be accessed from the United States or Canada by dialing (800) 774-6070 or for international callers (630) 691-2753 and the conference ID number: 7163935#. A replay of the call will be available for four weeks after the call and may be accessed by dialing (888) 843-7419 or for international callers (630) 652-3042, and using the access code 7163935#.
This news release and the previously released financial statements of the Company can be viewed on the Company’s World Wide Web site at http://www.jbpoindexter.com
J.B. Poindexter & Co., Inc. is a leading manufacturer of class 5-7 truck bodies and step vans through its Morgan and Morgan Olson businesses and is a leading manufacturer of pick-up truck accessories, principally caps and tonneaus through its Truck Accessories Group subsidiary. Through its Specialty Manufacturing Division, the Company manufactures high precision machining and parts assembly for the oil and gas services industry, funeral coaches, limousines, and plastics based packaging materials.
Contact: Michael O’Connor, Chief Financial Officer of J.B. Poindexter & Co., Inc., 713-655-9800