-----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, S1MzKIdTZKN5jqHfeXwgmqIz+4TvflXOljIxejpHX2VEBSzS7DH/YfASv03+zAFE r3jAONrzaeDP94HMEwr2aQ== 0000950130-96-001340.txt : 19960425 0000950130-96-001340.hdr.sgml : 19960425 ACCESSION NUMBER: 0000950130-96-001340 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960423 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960424 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: 96550242 BUSINESS ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146966000 MAIL ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: NEW YORK STATE: NY ZIP: 10604 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 23, 1996 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 23, 1996. Item 6. Not Applicable. Item 7. Exhibits. 99.1 Press Release of the Company dated April 23, 1996. 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/Susan J. Riley --------------------------------- Name: Susan J. Riley Title: Senior Vice President -- Chief Financial Officer Date: April 24, 1996 -3- EXHIBIT INDEX Sequentially Exhibit No. Description Numbered Page - ----------- ----------- ------------- 99.1 Press Release of the Company dated April 23, 1996 -4- EX-99.1 2 PRESS RELEASE OF THE COMPANY - APRIL 23, 1996 EXHIBIT 99.1 Investor Contact: Media Contact: - ----------------- -------------- Kathy Brooks Makrakis Janey M. Loyd (914) 696-6509 (914) 696-6330 FOR IMMEDIATE RELEASE (Tuesday, April 23, 1996) - ------------------------------------------------- TAMBRANDS REPORTS FIRST-QUARTER GAINS ------------------------------------- White Plains, New York--April 23, 1996--Tambrands Inc. (NYSE:TMB) today announced that sales and earnings for the first quarter of 1996 exceeded the year-ago period. For the quarter ended March 31, 1996, net sales were $168,989,000, 1% higher than sales of $166,947,000 in the first quarter of 1995. Worldwide unit volume was 1% below the record-breaking volume of the 1995 first quarter. Net earnings for the first quarter improved to $23,630,000, 4% above the $22,822,000 earned in the year-ago period. The Company earned $0.64 per share, up 3% from first-quarter 1995 earnings of $0.62 per share. Edward T. Fogarty, President and Chief Executive Officer of Tambrands, commenting at the Annual Meeting of Shareholders held earlier today, said that the first quarter was "successful despite a high level of competitive activity and a comparison with the very strong first quarter of 1995." He also discussed Tambrands' extensive new product activity: "Early results are excellent for our new all-cotton Tampax Naturals, which began shipping in the U.S. market during the first quarter. In addition, Tampax Non-Applicator was launched in France and Australia with good early results. The combination of building new product momentum and significantly increased marketing support levels puts us in a strong position going forward in 1996." The Company also announced that the Board of Directors today declared a regular quarterly dividend of $.46 per share, payable on June 17, 1996 to shareholders of record on June 3, 1996. Tambrands has manufactured Tampax(R) tampons for 60 years, and today is the worldwide market leader. Tampax tampons are sold in over 150 countries and are used with confidence by millions of women. A summary of consolidated operating results for the three months ended March 31, 1996 is attached. # # # TAMBRANDS INC. CONSOLIDATED INCOME STATEMENTS 3 Months Ended March 31
3 Months Ended March 31 (In thousands, except -------- Percent per share figures) 1996 1995 Change --------- --------- ------- NET SALES $168,989 $166,947 1 COST OF PRODUCTS SOLD 55,841 55,304 1 -------- -------- GROSS PROFIT 113,148 111,643 1 SELLING, ADMIN. AND GENERAL: MARKETING, SELLING AND DISTRIBUTION 60,453 58,684 3 ADMIN. AND GENERAL 13,482 13,715 (2) -------- -------- 73,935 72,399 2 -------- -------- OPERATING INCOME 39,213 39,244 -- INTEREST, NET AND OTHER (2,117) (2,434) (13) -------- EARNINGS BEFORE PROVISION FOR INCOME TAXES 37,096 36,810 1 PROVISION FOR INCOME TAXES 13,466 13,988 (4) -------- -------- NET EARNINGS $ 23,630 $ 22,822 4 ======== ======== NET EARNINGS PER COMMON SHARE $ 0.64 $ 0.62 3 ======== ======== AVERAGE SHARES OUTSTANDING 36,775 36,685
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