SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
July 21, 1998
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THERMOQUEST CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-14262 77-0407461
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
2215 Grand Avenue Parkway
Austin, Texas 78728-3812
(Address of principal executive offices) (Zip Code)
(512) 251-1400
(Registrant's telephone number
including area code)
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Item 5. Other Events
On July 21, 1998, ThermoQuest Corporation (the "Company") issued a press
release, attached hereto as Exhibit 99, regarding its expected operating income
for the quarter ended July 4, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not
applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits
99 Press Release of the Company, dated July 21,
1998
<PAGE>
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, on this 22nd day of July, 1998.
THERMOQUEST CORPORATION
By: /s/ Sandra L. Lambert
Sandra L. Lambert
Secretary
<PAGE>
EXHIBIT 99
THERMOQUEST EXPECTS SECOND QUARTER OPERATING
INCOME TO BE APPROXIMATELY $15 MILLION
AUSTIN, Texas, July 21, 1998 -- ThermoQuest Corporation (ASE-TMQ) announced
today that it expects operating income for the second quarter, ended July 4,
1998, to be approximately $15 million. As a result, diluted earnings per share
for the 1998 quarter will be approximately $.16, compared with $.20 for the same
period in 1997.
"We experienced lower-than-expected revenues primarily due to orders
received late in the quarter," said Dr. Richard W.K. Chapman, president and
chief executive officer of ThermoQuest. "We ended the second quarter with a
backlog estimated to be $7 million higher than the first quarter of 1998."
ThermoQuest plans to release its complete quarterly earnings results on
August 10, 1998.
ThermoQuest Corporation develops, manufactures, and sells mass
spectrometers, liquid chromatographs, and gas chromatographs for the
environmental, pharmaceutical, and industrial marketplaces. These analytical
instruments are used in the quantitative and qualitative chemical analysis of
organic and inorganic compounds at ultratrace levels of detection. In addition,
the company manufactures scientific equipment for the preparation and
preservation of chemical samples, and consumables for the chromatography
industry. ThermoQuest is a public subsidiary of Thermo Instrument Systems Inc.,
a Thermo Electron company. More information is available on the Internet at
http://www.thermo.com/subsid/tmq1.html.
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are set forth under the heading "Forward-looking Statements" in
Exhibit 13 to the company's annual report on Form 10-K for the year ended
January 3, 1998. These include uncertainties relating to competition and
technological change, intellectual property rights and litigation, dependence on
certain key industries and the possible effects of changes in regulations, risks
associated with the company's acquisition strategy and international operations,
and risks associated with the potential impact of the year 2000 on processing
date-sensitive information.
