-----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, Q82Y+VCF/Wp3inEy15pA83R08WDr9JCQWrHsZVnuSRUBpUIKnTM03li9CJY69WB3 nxLQrIq52qK2fr4w6kS10A== 0000914760-03-000226.txt : 20031112 0000914760-03-000226.hdr.sgml : 20031111 20031112121701 ACCESSION NUMBER: 0000914760-03-000226 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031111 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THOMAS INDUSTRIES INC CENTRAL INDEX KEY: 0000097886 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 610505332 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05426 FILM NUMBER: 03992251 BUSINESS ADDRESS: STREET 1: 4360 BROWNBORO ROAD STREET 2: SUITE 300 CITY: LOUISVILLE STATE: KY ZIP: 40207 BUSINESS PHONE: 5028934600 MAIL ADDRESS: STREET 1: 4360 BROWNBORO ROAD STREET 2: SUITE 300 CITY: LOUISVILLE STATE: KY ZIP: 40207 8-K 1 t19339_8k111103.txt NOVEMBER 11, 2003 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) NOVEMBER 11, 2003 ------------------- THOMAS INDUSTRIES INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 1-5426 61-0505332 - ---------------------------------------- --------------------------------- (Commission File Number) (IRS Employer Identification No.) 4360 BROWNSBORO ROAD, SUITE 300 LOUISVILLE, KENTUCKY 40207 - ---------------------------------------- --------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 502/893-4600 -------------- N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit Number Description -------------- ----------- 99.1 Financial information presented by the Registrant. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION Attached as Exhibit 99.1, is financial information presented by Thomas Industries Inc. at Robert W. Baird & Co.'s Industrial Technology Conference on November 11, 2003. The information in this Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference in any other filing under the Securities Exchange Act or Securities Act of 1933 except as shall be expressly set forth by specific reference to this Form 8-K in such filing. 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. THOMAS INDUSTRIES INC. (Registrant) By: /s/ Phillip J. Stuecker ------------------------------------ Phillip J. Stuecker, Vice President of Finance, Chief Financial Officer, and Secretary Dated: November 11,2003 EX-99.1 3 t19339_ppt.txt PRESENTATION Opportunities for Global Expansion [Thomas Logo] Thomas Industries Inc. & The Genlyte Group Incorporated Thomas Genlyte ------ ------- Number of shares outstanding 17.6M 13.5M Price 11/7/03 $31.03 $50.88 Market Cap $534M $686M Symbol TII GLYT Exchange NYSE NASDAQ Net sales through 9/30/03 $277,141M $764.795M EPS $1.64 $2.53 [Genlyte Thomas Logo] Genlyte Thomas Group LLC ($000s) 9 mos. 9 mos. (000s) ended 9/30/03 ended 9/30/02 ================================================================================ Net Sales $764,795 $728,061 Operating Income 81,081 73,202 Net Income 74,542 66,163 ======== ======== TI 32% Share 23,853 21,172 Stock Option Expense (208) (150) -------- -------- T.I. Equity Earnings $23,645* $ 21,022 ======== ======== *Includes $2.272 million for a litigation settlement [Genlyte Thomas Logo] Key Balance Sheet Items ($000s) 9/30/03 ------- Cash $121,631 Working capital $252,424 Total assets $731,261 Long term debt $ 15,702 Equity $483,258 [Rietschle Thomas Logo] Sales by Region [graphic omitted] North America Europe Asia Pacific ------------- ------ ------------ 42% 49% 9% [Rietschle Thomas Logo] Sales by Market [graphic omitted] Medical C&I Printing Environ. Service Distr. Packaging Other Foundry Autom. Lab Liquid - ------- --- -------- -------- ------- ------ --------- ----- ------- ------ --- ------ 21% 17% 12% 9% 9% 6% 5% 5% 5% 4% 4% 3%
Opportunities for FINANCIALS Global Expansion [Thomas Industries Inc. Logo] Opportunities for Global Expansion [Thomas Logo] Income Statement ($000s) 9 mos. 9 mos. Ended ended % 9/30/03 9/30/02 change ------- ------- ------ Net Sales $277,141 $155,226 78.5% Operating Inc. from Pumps & Compressors $ 27,906 $ 23,303 19.8% Equity income from Ltg. $ 23,645* $ 21,022 12.5% Corporate expense $ 5,512 $ 4,506 22.3% Net Income $ 28,821* $ 24,042 19.9% E.P.S. Diluted $ 1.64* $ 1.50 9.3% *Includes non-recurring pre-tax gain of $2,272,000 net of legal fees due to the settlement of GTG's patent infringement lawsuit. Net income impact of $1,400,000 or $.08 per share. Opportunities for Global Expansion [Thomas Logo] Pumps and Compressors Sales and Operating Income by Region (000's) Operating Sales Income* Op. Inc. % ----- ------ ---------- North America $115,704 $18,091 15.6% Europe 136,997 8,678 6.3% Asia 24,440 1,137 4.7% -------- ------- ---- Total $277,141 $27,906 10.1% * Excludes corporate expense of $5,512 Opportunities for Global Expansion [Thomas Logo] Thomas Industries Key Balance Sheet Items (000s) 9/30/03 12/31/02 ------- -------- Cash $ 21,500 $ 18,879 Working capital $ 88,619 $ 82,030 Investment in GTG $ 210,342 $ 188,810 Goodwill $ 60,089 $ 55,669 Total assets $ 544,831 $ 491,016 Long term debt $ 104,307 $ 104,047 Equity $ 352,603 $ 314,367 Opportunities for Global Expansion [Thomas Logo] Long-Term Debt and Net Worth 1999-Sept. 2003 ($000s) [graphic omitted] 1999 2000 2001 2002 9/30/2003 ---- ---- ---- ---- --------- Net Worth 209,000 217,000 238,000 314,000 353,000 Long-term Debt 41,000 41,000 25,000 104,000 104,000 Opportunities for Global Expansion [Thomas Logo] Capitalization 9/30/03 12/31/02 ------- -------- Cash $ 21,500 $ 18,879 Notes Payable 5,010 1,460 C P-Debt 9,771 9,362 LT-Debt 104,307 104,047 ------- ------- Net Debt $ 97,588 $ 95,990 Shareholders Equity $352,603 $314,367 Debt/Capital 22.8% 24.9% Credit Available $ 31,000 $ 42,000 Opportunities for Global Expansion [Thomas Logo] Projected Capital Expenditures and Depreciation Expense Capital Expenditures Depreciation Expense 2004 2003 2004 2003 ---- ---- ---- ---- North America $ 5,250 $ 5,600 $ 6,240 $ 6,400 Europe 10,100 13,250 8,000 7,500 Asia 400 650 360 300 --- --- --- --- Total $15,750 $ 19,500 $14,600 $14,200 Opportunities for Global Expansion [Thomas Logo] EPS 1993-2003 [graphic omitted] 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 - ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- $.25 $.70 $.83 $1.09 $1.38 $1.50 $1.62 $1.86 $1.80 $2.00 $2.05(A)(B) (A) Excludes non-recurring gain (B) Baird estimate
Opportunities for Global Expansion [Thomas Logo] Stock Performance -- Comparative Five-Year Total Returns [graphic omitted] 1998 1999 2000 2001 2002 9/30/2003 ---- ---- ---- ---- ---- --------- TI Stock 100 105.88 122.25 133.12 140.49 155.34 S&P 500 100 121.04 110.03 96.95 75.53 86.65 S&P 600 100 109.96 122.61 130.62 110.63 133.75 Val Line Machinery 100 136.2 140.16 173.06 173.22 228 Assumes $100 invested at the close of trading 12/31/98. Cumulative total return assumes reinvestment of dividends. Opportunities for Global Expansion [Thomas Logo] Market Capitalization (millions) [graphic omitted] 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 9/30/2003 - ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- --------- $91.3 131.9 145.0 237.8 219.7 313.2 308.9 322.1 349.9 380.8 446.3 491.3
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