-----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, MyjSM023YjywnNyrU8R3FCSwdUalV/mS0bGTP37r93WohKwT6IrO90J4rRGwjDWl 2Eh2tF2D21s/o6syrvpnNw== 0000914760-98-000144.txt : 19980724 0000914760-98-000144.hdr.sgml : 19980724 ACCESSION NUMBER: 0000914760-98-000144 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980723 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980723 SROS: NYSE 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: SEC FILE NUMBER: 001-05426 FILM NUMBER: 98670193 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 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 July 23, 1998 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 ITEM 5. Other Events. On July 16, 1998, the registrant, Thomas Industries Inc., reported earnings for the second quarter of 1998. A copy of the press release is filed herewith. ITEM 7. Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description 99.1 Press release regarding earnings in the second quarter. 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: July 23, 1998 EX-99 2 Exhibit 99.1 Louisville, Kentucky, July 16, 1998 Thomas Industries Inc. (NYSE-TII) today reported that sales in the second quarter of 1998 were the highest for any quarter in the Company's history, while earnings were the highest for any second quarter in its history. Sales for the three months ended June 30, 1998, increased over the second quarter of 1997, to $143,057,000, from $139,989,000 last year. Net income increased to $6,875,000, or $.42 per share, compared to $6,430,000, or $.39 per share in the same period last year. For the first half of 1998, net sales were a record $284,981,000 versus $266,345,000 a year ago. Net income was a record $12,125,000, or $.74 per share, compared to $10,432,000, or $.64 per share in 1997. In commenting on the results, Timothy C. Brown, Chairman, President and Chief Executive Officer, said, "Both our Lighting Group and our Compressor & Vacuum Pump Group posted record sales for any previous second quarter. We saw particularly strong performances from our Outdoor Divisions on the Lighting side, and our European Operations on the Compressor and Vacuum Pump side." Brown remains optimistic about the outlook for the remainder of the year. "We expect to see continued earnings improvements over the third and fourth quarters of 1997, resulting in a record year in earnings," he said. Brown added that the Company's proposed lighting joint venture with The Genlyte Group [NASDAQ: GLYT] is still anticipated to close sometime during the third quarter of this year. In addition, on July 15, 1998, the Board of Directors declared a quarterly cash dividend of 7-1/2 cents per share, payable October 1, 1998, to shareholders of record September 4, 1998. This will be the 173rd consecutive quarterly cash dividend paid by the Company. Thomas Industries Inc., headquartered in Louisville, Kentucky, is a recognized leader in the design and manufacture of commercial, industrial and consumer lighting products, as well as compressors and vacuum pumps primarily for global OEM applications. The Company has operations in the U.S., Canada, Mexico, South America, Europe and Asia, and employs approximately 3,350 people. # # # The statements in this press release with respect to expectations concerning future results are forward-looking statements and actual results may differ materially from those currently expected. Factors that could cause actual results to differ materially are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 1997, under "Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements." THOMAS INDUSTRIES INC. COMPARATIVE SALES AND INCOME (In Thousands Except Per Share Data)
For the second quarter ended June 30 1998 1997 Change Net sales $143,057 $139,989 + 2.2% Income before taxes $ 10,912 $ 10,206 + 6.9% Net income $ 6,875 $ 6,430 + 6.9% Net income per share -- Basic $ .43 $ .41 + 4.9% -- Diluted $ .42 $ .39 + 7.7% Dividends declared per $ .075 $ .067 + 11.9% share Weighted average number of common shares outstanding -- Basic 15,874 15,835 -- Diluted 16,524 16,321 For the six months ended June 30 1998 1997 Change Net sales $284,981 $266,345 + 7.0% Income before taxes $ 19,246 $ 16,559 + 16.2% Net income $ 12,125 $ 10,432 + 16.2% Net income per share -- Basic $ .76 $ .66 + 15.2% -- Diluted $ .74 $ .64 + 15.6% Dividends declared per $ .15 $ .133 + 12.8% share Weighted average number of common shares outstanding -- Basic 15,869 15,827 -- Diluted 16,474 16,302
Share data have been restated to reflect a three-for-two stock split paid December 1, 1997. THE FOREGOING FIGURES HAVE BEEN APPROVED BY THE MANAGEMENT OF THOMAS INDUSTRIES INC. FOR OFFICIAL RELEASE ON THE DATE INDICATED. -----END PRIVACY-ENHANCED MESSAGE-----