SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 - For the quarter ended September 30, 1997
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file number 0-28538
Titanium Metals Corporation
(Exact name of registrant as specified
in its charter)
Delaware 13-5630895
(State or other (IRS Employer
jurisdiction of Identification
incorporation or No.)
organization)
1999 Broadway, Suite 4300, Denver, Colorado
80202
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including (303) 296-
area code: 5600
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months, and (2) has been subject to such filing requirements
for the past 90 days.
Yes X No
Number of shares of common stock outstanding on October 31, 1997: 31,456,655
PART II - OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS.
Reference is made to the Company's 1996 Annual Report for descriptions of
certain previously reported legal proceedings.
In September 1997, the previously reported action, Cadmus v. Titanium
Metals Corporation (No. C2-95-586, U.S. District Court, Southern District of
Ohio), was dismissed without prejudice without payment by the Company.
TIMET Castings, a wholly owned subsidiary of TIMET, has settled the
previously reported action involving Ray Cook Golf Company for an immaterial
sum.
Item 6. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibits:
27.1 Financial Data Schedule for the nine-month period ended
September 30, 1997.
(b) Reports on Form 8-K:
Reports on Form 8-K filed by the Registrant for the quarter ended
September 30, 1997 and for the month of October 1997:
July 3, 1997 - Reported Items 5 and 7.
July 21, 1997 - Reported Items 5 and 7.
July 30, 1997 - Reported Items 5 and 7.
August 1, 1997 - Reported Items 5 and 7.
August 25, 1997 - Reported Items 5 and 7.
August 27, 1997 - Reported Items 5 and 7.
October 21, 1997 - Reported Items 5 and 7.
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 thereunto duly authorized.
<TABLE>
<CAPTION>
TITANIUM METALS CORPORATION
(Registrant)
<S> <c <C>
>
Date: October 31, By /s/ Joseph S. Compofelice
1997
Joseph S. Compofelice
Vice President and Chief Financial
Officer
By /s/ J. Thomas Montgomery, Jr.
J. Thomas Montgomery, Jr.
Vice President - Finance and
Treasurer
(Chief Accounting Officer)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Titanium
Metals Corporation's Consolidated Financial Statements for the nine months ended
September 30, 1997 and is qualified in its entirety by reference to such Consolidated Financial Statements.
</LEGEND>
<CIK> 0001011657
<NAME> TITANIUM METALS CORPORATION
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEP-30-1997
<EXCHANGE-RATE> 1
<CASH> 68,789
<SECURITIES> 0
<RECEIVABLES> 144,088
<ALLOWANCES> 3,133
<INVENTORY> 168,850
<CURRENT-ASSETS> 400,637
<PP&E> 285,444
<DEPRECIATION> 50,837
<TOTAL-ASSETS> 754,706
<CURRENT-LIABILITIES> 117,280
<BONDS> 0
201,250
0
<COMMON> 346,872
<OTHER-SE> 32,506
<TOTAL-LIABILITY-AND-EQUITY> 754,706
<SALES> 525,606
<TOTAL-REVENUES> 528,631
<CGS> 401,153
<TOTAL-COSTS> 401,153
<OTHER-EXPENSES> 30,904
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,955
<INCOME-PRETAX> 94,619
<INCOME-TAX> 28,846
<INCOME-CONTINUING> 57,422
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 57,422
<EPS-PRIMARY> 1.83
<EPS-DILUTED> 1.73
</TABLE>
