-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, DKJcXOXaugOpt9+DGkszT8xjUkLyaVpnMlrTyu7SMR6hwkjN+Lxw3kTsk3bSCWKC 0+5VcqL3f2GOzTjg95cOnw== 0000950130-95-000837.txt : 19950501 0000950130-95-000837.hdr.sgml : 19950501 ACCESSION NUMBER: 0000950130-95-000837 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950425 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950428 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: 95532637 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) April 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 April 25, 1995. Item 6. Not Applicable. Item 7. Exhibits. 99.1 Press Release of the Company dated April 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. /s/ Raymond F. Wright By________________________________ Name: Raymond F. Wright Title: Senior Vice President -- Chief Financial Officer Date: April 25, 1995 -3- EXHIBIT INDEX Sequentially Exhibit No. Description Numbered Page - ----------- ----------- ------------- 99.1 Press Release of the Company dated April 25, 1995 -4- EX-99.1 2 PRESS RELEASE 4/25/95 EXHIBIT 99.1 Investor Contact: Media Contact: - ----------------- -------------- Kathy B. Makrakis Bruce P. Garren (914) 696-6509 (914) 696-6540 FOR IMMEDIATE RELEASE (Tuesday, April 25, 1995) - ----------------------------------------------- TAMBRANDS REPORTS FIRST-QUARTER GROWTH ON RECORD VOLUME ------------------------------------------------------- White Plains, New York--April 25, 1995--Tambrands Inc. (NYSE:TMB) today reported growth in sales and earnings for the first quarter of 1995 on unit sales volume that set a new first-quarter record. Edward T. Fogarty, President and Chief Executive Officer, announced that net sales for the quarter ended March 31, 1995 were $166,947,000, a 20% increase over sales of $139,173,000 in the first quarter of 1994. The increase reflected strong worldwide volume, with particular vitality in the United States, and a relatively weak 1994 first-quarter comparison. The major contributors to the U.S. growth were the positive consumer acceptance of the new Tampax Satin Touch product, a major consumer promotion, and significantly increased marketing support levels. In addition, both the tampon category and Tampax market shares were up solidly versus 1994. Net earnings were $22,822,000, 4% higher than earnings of $22,044,000 in first- quarter 1994, and earnings per share increased to $0.62, up 7% from earnings per share of $0.58 in the same period of 1994. Earnings per share increased at a higher rate than net earnings because Tambrands' stock buybacks reduced the number of shares outstanding. Marketing, selling and distribution expenses in the quarter were substantially above last year's levels, as the Company continued its increased marketing spending. Mr. Fogarty commented, "The first quarter represents a great start to the year. We have now had four quarters of solid volume and earnings growth and our goal is to continue to build on this momentum." However, the Company noted that it faces increasing marketplace pressures and tougher quarterly comparisons in the periods ahead. --more-- --2-- The Company also announced that the Board of Directors today declared a regular quarterly dividend of $.44 per share, payable on June 15, 1995 to shareholders of record on June 2, 1995. 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; major markets include the United States, the United Kingdom, France, Canada, Spain and Russia. # # # TAMBRANDS INC. CONSOLIDATED INCOME STATEMENT 3 Months Ended March 31
Three Months Ended March 31 (In thousands, except ------------------ Percent per share figures) 1995 1994 Change -------- -------- ------- NET SALES $166,947 $139,173 20 COST OF PRODUCTS SOLD 55,304 43,921 26 -------- -------- GROSS PROFIT 111,643 95,252 17 SELLING, ADMINISTRATIVE AND GENERAL: MARKETING, SELLING AND DISTRIBUTION 58,684 44,322 32 ADMINISTRATIVE AND GENERAL 13,715 14,015 (2) -------- -------- 72,399 58,337 24 -------- -------- OPERATING INCOME 39,244 36,915 6 INTEREST, NET AND OTHER (2,434) (1,924) (27) -------- -------- EARNINGS BEFORE PROVISION FOR INCOME TAXES 36,810 34,991 5 PROVISION FOR INCOME TAXES 13,988 12,947 8 -------- -------- NET EARNINGS $ 22,822 $ 22,044 4 ======== ======== NET EARNINGS PER COMMON SHARE $ 0.62 $ 0.58 7 ======== ======== AVERAGE SHARES OUTSTANDING 36,685 37,715
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