-----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, T2ASzAQS79npiFhdAznJoEeUgq3C+dSnD0NT1Y9RfR7rYgeOj5Q0rSc0iMu9E4xQ iqMeV50C1UFx7uTc1htV7w== 0000950130-95-002199.txt : 19951030 0000950130-95-002199.hdr.sgml : 19951030 ACCESSION NUMBER: 0000950130-95-002199 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19951027 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAMBRANDS INC CENTRAL INDEX KEY: 0000096277 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] IRS NUMBER: 131366500 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08714 FILM NUMBER: 95584822 BUSINESS ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146966000 FORMER COMPANY: FORMER CONFORMED NAME: TAMPAX INC DATE OF NAME CHANGE: 19840502 8-K 1 FORM 8-K 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) October 25, 1995 Tambrands Inc. (Exact name of registrant as specified in its charter) Delaware 1-8714 (13-1366500) (State of (Commission File Number) (IRS Employer incorporation) Identification No.) 777 Westchester Avenue, White Plains, New York 10604 (Address of principal executive offices) (Zip Code) (914) 696-6000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Items 1-4. Not Applicable. Item 5. Other Events. The Company issued a press release on October 25, 1995. Item 6. Not Applicable. Item 7. Exhibits. 99.1 Press Release of the Company dated October 25, 1995. Item 8. Not Applicable. -2- 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 thereunto duly authorized. Tambrands Inc. By /s/ Raymond F. Wright --------------------------------- Name: Raymond F. Wright Title: Senior Vice President -- Chief Financial Officer Date: October 25, 1995 -3- EXHIBIT INDEX Sequentially Exhibit No. Description Numbered Page - ----------- ----------- ------------- 99.1 Press Release of the Company dated October 25, 1995 -4- EX-99.1 2 PRESS RELEASE EXHIBIT 99.1 Investor Contact: Media Contact: - ---------------- ------------- Kathy B. Makrakis Bruce P. Garren (914) 696-6509 (914) 696-6540 FOR IMMEDIATE RELEASE (Wednesday, October 25, 1995) - --------------------------------------------------- TAMBRANDS REPORTS RECORD THIRD-QUARTER SALES; --------------------------------------------- ANNOUNCES 44th ANNUAL DIVIDEND INCREASE --------------------------------------- White Plains, New York--October 25, 1995--Tambrands Inc. (NYSE:TMB) today reported third-quarter results that included record sales and improved earnings. Net sales for the quarter ended September 30, 1995 were $178,116,000, an increase of 2% over sales of $175,336,000 in the third quarter of 1994. Net earnings were $26,706,000, 7% more than third-quarter 1994 earnings of $25,024,000. Earnings per share increased to $0.73 in the third quarter of 1995, also up 7% from earnings per share of $0.68 in the same period of 1994. Edward T. Fogarty, President and Chief Executive Officer, said, "These results provide further support for our growth strategy. This quarter sets a new Tambrands record for any third quarter in both sales dollars and units. Our U.S. market share is up over last year as is the tampon category, and our international results continue to gain momentum. And we are laying the foundation for future growth with the recently announced relaunch of our flagship Tampax tampon and introduction of Tampax Naturals -- the only U.S. tampon or pad made from 100% cotton." For the first nine months of 1995, net sales were $521,401,000, up 9% from $480,133,000 in the comparable period of 1994. After the previously announced second-quarter litigation charge, net earnings for the nine months were $62,565,000, or $1.71 per share, compared to earnings of $67,075,000, or $1.81 per share, in the first nine months of 1994. Excluding the charge, earnings for the first nine months of 1995 would have been $71,251,000, or $1.94 per share, up 7% over the comparable period of 1994. --more-- The Company also announced that its Board of Directors had voted to increase the regular quarterly dividend on the Company's common stock from 44 to 46 cents per share. This is the forty-fourth consecutive year that the Company has increased its dividend. The increased dividend will be payable on December 15, 1995 to shareholders of record on December 1, 1995. Said Fogarty, "The Board and management have increased confidence in the strength of this business, and raising the dividend is one expression of that confidence. Tambrands is extremely proud of its long history of dividend increases, which few companies can match." Tambrands has manufactured Tampax(R) tampons for almost 60 years, and today is the worldwide market leader. Tampax tampons are sold in over 150 countries and are used with confidence by over 100 million women. A summary of consolidated operating results for the three months and nine months ended September 30, 1995 is attached. # # # TAMBRANDS INC. CONSOLIDATED INCOME STATEMENTS 3 Months and 9 Months Ended September 30 3 Months Ended 9 Months Ended (In thousands, September 30 September 30 except per share ------------------- Percent ------------------ Percent figures) 1995 1994 Change 1995 1994 Change ------ ------ ------ ------ ------ ------- NET SALES $178,116 $175,336 2 $521,401 $480,133 9 COST OF PRODUCTS SOLD 61,288 57,733 6 175,020 154,244 13 -------- -------- -------- -------- GROSS PROFIT 116,828 117,603 (1) 346,381 325,889 6 SELLING, ADMIN. AND GENERAL: MARKETING, SELLING AND DISTRIBUTION 57,892 62,581 (7) 183,180 172,154 6 ADMIN. AND GENERAL 13,701 12,690 8 41,323 40,262 3 -------- -------- -------- -------- 71,593 75,271 (5) 224,503 212,416 6 -------- -------- -------- -------- OPERATING INCOME 45,235 42,332 7 121,878 113,473 7 INTEREST, NET AND OTHER (2,301) (2,613) 12 (7,329) (7,005) (5) LITIGATION CHARGE - - - (11,396) - - -------- -------- -------- -------- EARNINGS BEFORE PROVISION FOR INCOME TAXES 42,934 39,719 8 103,153 106,468 (3) PROVISION FOR INCOME TAXES 16,228 14,695 10 40,588 39,393 3 -------- -------- -------- -------- NET EARNINGS $ 26,706 $ 25,024 7 $ 62,565 $ 67,075 (7) ======== ======== ======== ======== NET EARNINGS PER COMMON SHARE $ 0.73 $ 0.68 7 $ 1.71 $ 1.81 (6) ======== ======== ======== ======== AVG. SHARES OUTSTANDING 36,640 36,645 36,661 37,090 -----END PRIVACY-ENHANCED MESSAGE-----