Date: Thu, 20 Nov 1997 21:07:23 GMT Server: Apache/1.2.4 lock_local/0.1 Last-Modified: Wed, 12 Nov 1997 14:52:12 GMT ETag: "29bc3c-1382f-3469c29c" Content-Length: 79919 Accept-Ranges: bytes Connection: close Content-Type: text/html X-Pad: avoid browser bug
Three months ended July 31, | ||
---|---|---|
1997 | 1996(1) | |
NET SALES | $98,763 | $92,040 |
COSTS AND EXPENSES: | ||
Costs of goods sold | 77,481 | 75,262 |
Selling, general and administrative | 9,938 | 10,525 |
Amortization of intangible assets | 800 | 923 |
Write-off of goodwill & obsolete facilities | -- | 4,636 |
Research and development | 174 | 182 |
--------------- | --------------- | |
$88,393 | $91,528 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $10,370 | $512 |
OTHER EXPENSES (INCOME): | ||
Interest expense | 4,016 | 4,405 |
Amortization of debt discount and issuance costs | 197 | 665 |
Equity in loss (net income) of affiliates | 956 | 1,829 |
Other, net | 230 | (672) |
--------------- | --------------- | |
$5,399 | $6,227 | |
--------------- | --------------- | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST AND PROVISION FOR INCOME TAXES | 4,971 | (5,715) |
Provision for income taxes | 1,045 | 537 |
--------------- | --------------- | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST | $3,926 | $(6,252) |
MINORITY INTEREST | (60) | -- |
--------------- | --------------- | |
INCOME (LOSS) FROM CONTINUING OPERATIONS | 3,866 | (6,252) |
DISCONTINUED OPERATIONS | (1,817) | (736) |
--------------- | --------------- | |
NET INCOME | $2,049 | $(6,988) |
========== | ========== | |
INCOME (LOSS) PER SHARE: | ||
Income (loss) from continuing operations | $0.13 | $(0.23) |
(Loss) income from discontinued operations | $(0.06) | $(0.03) |
--------------- | --------------- | |
NET INCOME (LOSS) PER SHARE (2) | $0.07 | $(0.26) |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (000) | 30,037 | 27,346 |
Year ended July 31, | ||
---|---|---|
1997 | 1996(1) | |
NET SALES | $315,334 | $326,344 |
COSTS AND EXPENSES: | ||
Costs of goods sold | 248,419 | 260,891 |
Selling, general and administrative | 36,091 | 35,555 |
Amortization of intangible assets | 3,553 | 3,705 |
Write-off of goodwill & obsolete facilities | -- | 4,636 |
Research and development | 654 | 689 |
--------------- | --------------- | |
$288,717 | $305,476 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $26,617 | $20,868 |
OTHER EXPENSES (INCOME): | ||
Interest expense | 18,108 | 18,702 |
Amortization of debt discount and issuance costs | 1,641 | 2,180 |
Equity in loss of affiliates | 1,824 | 2,175 |
Other, net | 135 | (419) |
--------------- | --------------- | |
$21,708 | $22,638 | |
--------------- | --------------- | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST AND PROVISION FOR INCOME TAXES | 4,909 | (1,770) |
Provision for income taxes | 3,131 | 2,637 |
--------------- | --------------- | |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST | $1,778 | $(4,407) |
MINORITY INTEREST | (433) | -- |
--------------- | --------------- | |
INCOME (LOSS) FROM CONTINUING OPERATIONS | 1,345 | (4,407) |
DISCONTINUED OPERATIONS | (4,136) | (3,766) |
--------------- | --------------- | |
NET INCOME (LOSS) | $(2,791) | $(8,173) |
========== | ========== | |
INCOME (LOSS) INCOME PER SHARE: | ||
Income (loss) from continuing operations (2) | $0.05 | $(0.18) |
(Loss) from discontinued operations | $(0.14) | $(0.14) |
--------------- | --------------- | |
NET LOSS PER SHARE (2) | $(0.09) | $(0.32) |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (000) | 29,429 | 27,268 |
Three months ended April 30, | ||
---|---|---|
1997 | 1996(1) | |
NET SALES | $93,141 | $101,101 |
COSTS AND EXPENSES: | ||
Costs of goods sold | 73,275 | 77,397 |
Selling, general and administrative | 9,273 | 10,083 |
Amortization of intangible assets | 1,006 | 927 |
Research and development | 153 | 109 |
--------------- | --------------- | |
$83,707 | $88,516 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $9,434 | $12,585 |
OTHER EXPENSES (INCOME): | ||
Interest expense | 4,811 | 4,806 |
Debt issuance cost and discount amortization | 256 | 503 |
Equity in loss (net income) of affiliates | 603 | (220) |
Other, net | (2) | 415 |
--------------- | --------------- | |
$5,668 | $5,504 | |
--------------- | --------------- | |
EARNINGS FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST AND PROVISION FOR INCOME TAXES | 3,766 | 7,081 |
Provision for income taxes | 1,135 | 1,947 |
--------------- | --------------- | |
EARNINGS FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST | $2,631 | $5,134 |
MINORITY INTEREST | (373) | -- |
--------------- | --------------- | |
EARNINGS FROM CONTINUING OPERATIONS | 2,258 | 5,134 |
DISCONTINUED OPERATIONS | (1,128) | 57 |
--------------- | --------------- | |
NET INCOME | $1,130 | $5,191 |
========== | ========== | |
INCOME (LOSS) PER SHARE: | ||
Income from continuing operations | $0.08 | $0.19 |
(Loss) income from discontinued operations | $(0.04) | $0.00 |
--------------- | --------------- | |
NET INCOME PER SHARE (2) | $0.04 | $0.19 |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 29,006 | 27,346 |
Nine months ended April 30, | ||
---|---|---|
1997 | 1996(1) | |
NET SALES | $216,571 | $234,304 |
COSTS AND EXPENSES: | ||
Costs of goods sold | 170,938 | 185,629 |
Selling, general and administrative | 26,153 | 25,030 |
Amortization of intangible assets | 2,753 | 2,782 |
Research and development | 480 | 507 |
--------------- | --------------- | |
$200,324 | $213,948 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $16,247 | $20,356 |
OTHER EXPENSES (INCOME): | ||
Interest expense | 14,092 | 14,297 |
Debt issuance cost and discount amortization | 1,444 | 1,515 |
Equity in loss of affiliates | 868 | 346 |
Other, net | (95) | 253 |
--------------- | --------------- | |
$16,309 | $16,411 | |
--------------- | --------------- | |
(LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST AND PROVISION FOR INCOME TAXES | (62) | 3,945 |
Provision for income taxes | 2,086 | 2,100 |
--------------- | --------------- | |
(LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST | $(2,148) | $1,845 |
MINORITY INTEREST | (373) | -- |
--------------- | --------------- | |
(LOSS) EARNINGS FROM CONTINUING OPERATIONS | (2,521) | 1,845 |
DISCONTINUED OPERATIONS | (2,319) | (3,030) |
--------------- | --------------- | |
NET LOSS | $(4,840) | $(1,185) |
========== | ========== | |
(LOSS) INCOME PER SHARE: | ||
(Loss) income from continuing operations (2) | $(0.09) | $0.05 |
Loss from discontinued operations | $(0.08) | $(0.11) |
--------------- | --------------- | |
NET LOSS PER SHARE (2) | $(0.17) | $(0.06) |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 29,227 | 27,114 |
Three months ended January 31, | ||
---|---|---|
1997 | 1996(1) | |
NET SALES | $66,431 | $73,053 |
COSTS AND EXPENSES | ||
Cost of goods sold | 52,564 | 59,147 |
Selling, general and administrative | 9,518 | 9,194 |
Amortization of intangibles | 641 | 868 |
Research and development | 169 | 354 |
--------------- | --------------- | |
$62,892 | $69,563 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $3,539 | $3,490 |
OTHER EXPENSES (INCOME) | ||
Interest expense | 5,014 | 5,114 |
Debt issuance cost and discount amortization | 608 | 510 |
Equity in loss of affiliates | 265 | 401 |
Other, net | (80) | 40 |
--------------- | --------------- | |
$5,807 | $6,065 | |
--------------- | --------------- | |
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES | (2,268) | (2,575) |
Provision for income taxes | 404 | (292) |
--------------- | --------------- | |
LOSS FROM CONTINUING OPERATIONS | $(2,672) | $(2,283) |
LOSS FROM DISCONTINUED OPERATIONS | (545) | (2,218) |
--------------- | --------------- | |
NET LOSS | $(3,217) | $(4,501) |
========== | ========== | |
LOSS PER SHARE: | ||
Continuing Operations (2) | $(0.09) | $(0.09) |
Discontinued Operations | $(0.02) | $(0.08) |
--------------- | --------------- | |
NET LOSS PER SHARE (2) | $(0.11) | $(0.17) |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 29,339 | 27,223 |
Six months ended January 31, | ||
---|---|---|
1997 | 1996(1) | |
NET SALES | $132,391 | $140,701 |
COSTS AND EXPENSES | ||
Cost of goods sold | 106,126 | 115,272 |
Selling, general and administrative | 17,776 | 15,438 |
Amortization of intangibles | 1,784 | 2,020 |
Research and development | 327 | 662 |
--------------- | --------------- | |
$126,013 | $133,392 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $6,378 | $7,309 |
OTHER EXPENSES (INCOME) | ||
Interest expense | 9,493 | 9,693 |
Debt issuance cost and discount amortization | 1,188 | 1,012 |
Equity in loss of affiliates | 265 | 566 |
Other, net | (94) | (163) |
--------------- | --------------- | |
$10,852 | $11,108 | |
--------------- | --------------- | |
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES | (4,474) | (3,799) |
Provision for income taxes | 951 | 153 |
--------------- | --------------- | |
LOSS FROM CONTINUING OPERATIONS | $(5,425) | $(3,952) |
LOSS FROM DISCONTINUED OPERATIONS | (545) | (2,424) |
--------------- | --------------- | |
NET LOSS | $(5,970) | $(6,376) |
========== | ========== | |
LOSS PER SHARE: | ||
Continuing Operations (2) | $(0.18) | $(0.15) |
Discontinued Operations | $(0.02) | $(0.09) |
--------------- | --------------- | |
NET LOSS PER SHARE (2) | $(0.20) | $(0.24) |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 29,339 | 27,173 |
Three months ended October 31, | ||
---|---|---|
1996 | 1995(1) | |
NET SALES | $65,960 | $67,648 |
COSTS AND EXPENSES | ||
Cost of goods sold | 53,562 | 55,404 |
Selling, general and administrative | 8,258 | 6,244 |
Amortization of intangibles | 1,143 | 1,152 |
One-time inventory valuation charge | 0 | 721 |
Research and development | 158 | 308 |
--------------- | --------------- | |
$63,121 | $63,829 | |
--------------- | --------------- | |
INCOME FROM OPERATIONS | $2,839 | $3,819 |
OTHER EXPENSES (INCOME) | ||
Interest expense | 4,479 | 4,579 |
Debt issuance cost and discount amortization | 580 | 502 |
Equity in loss of affiliates | 0 | 165 |
Other, net | (14) | (203) |
--------------- | --------------- | |
$5,045 | $5,043 | |
--------------- | --------------- | |
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES | (2,206) | (1,224) |
Provision for income taxes | 547 | 445 |
--------------- | --------------- | |
LOSS FROM CONTINUING OPERATIONS | $(2,753) | $(1,669) |
LOSS FROM DISCONTINUED OPERATIONS | 0 | (206) |
--------------- | --------------- | |
NET LOSS | $(2,753) | $(1,875) |
========== | ========== | |
LOSS PER COMMON SHARE(2) | $(0.09) | $(0.07) |
========== | ========== | |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 29,339 | 27,124 |