<PAGE>
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): February 20, 1997
ALLEGHENY TELEDYNE INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 1-12001 25-1792394
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 SIX PPG PLACE, PITTSBURGH, PENNSYLVANIA 15222-5479
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 412-394-2800
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Item 5. OTHER EVENTS.
-------------
The following financial information of Allegheny Teledyne Incorporated is
attached hereto, incorporated herein and filed as part of this Current Report on
Form 8-K:
Sales and Operating Profit by Business Segment for the three month periods ended
March 31, 1995, June 30, 1995, September 30, 1995 and December 31, 1995;
Sales and Operating Profit by Business Segment for the three month periods ended
March 31, 1996, June 30, 1996, September 30, 1996 and December 31, 1996;
Sales and Operating Profit by Business Segment for the years ended December 31,
1995 and December 31, 1996.
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ALLEGHENY TELEDYNE INCORPORATED AND SUBSIDIARIES
Sales and Operating Profit by Business Segment
(In millions)
<TABLE>
<CAPTION>
Three Months Ended
3/31/95 6/30/95 9/30/95 12/31/95
<S> <C> <C> <C> <C>
Sales:
Specialty metals $ 571.7 $ 566.6 $ 545.0 $ 520.3
Aerospace and
electronics 234.0 225.3 223.5 231.6
Industrial 93.9 102.7 91.2 90.7
Consumer 61.7 66.4 67.7 72.1
-------- -------- -------- --------
Total continuing
operations 961.3 961.0 927.4 914.7
Operations sold or
held for sale 56.9 133.8 35.4 57.6
-------- -------- -------- --------
Total Sales $1,018.2 $1,094.8 $ 962.8 $ 972.3
======== ======== ======== ========
Operating Profit:
Specialty metals $ 79.0 $ 88.3 $ 76.2 $ 57.6
Aerospace and
electronics 22.4 22.6 21.7 21.5
Industrial 9.9 10.6 8.5 4.5
Consumer 0.8 3.1 4.0 4.8
-------- -------- -------- --------
Operating Profit 112.1 124.6 110.4 88.4
-------- -------- -------- --------
Merger and re-
structuring costs (3.8) (2.0) (0.3) (0.3)
Corporate expenses (10.6) (14.9) (4.3) (12.0)
Interest expense, net (10.1) (9.3) (9.1) (9.1)
Operations sold or
held for sale 61.5 9.2 1.7 11.5
Excess pension income 2.8 2.7 0.0 1.8
-------- -------- -------- --------
Income before income
taxes and extra-
ordinary losses $ 151.9 $ 110.3 $ 98.4 $ 80.3
======== ======== ======== ========
</TABLE>
<PAGE>
ALLEGHENY TELEDYNE INCORPORATED AND SUBSIDIARIES
Sales and Operating Profit by Business Segment
(In millions)
<TABLE>
<CAPTION>
Three Months Ended
3/31/96 6/30/96 9/30/96 12/31/96
<S> <C> <C> <C> <C>
Sales:
Specialty metals $ 537.4 $ 538.6 $ 486.4 $ 482.9
Aerospace and
electronics 259.4 251.9 223.7 252.8
Industrial 118.0 125.0 100.2 103.9
Consumer 66.0 73.0 68.2 80.7
-------- -------- -------- --------
Total continuing
operations 980.8 988.5 878.5 920.3
Operations sold or
held for sale 37.1 9.2 1.2 0.0
-------- -------- -------- --------
Total Sales $1,017.9 $ 997.7 $ 879.7 $ 920.3
======== ======== ======== ========
Operating Profit:
Specialty metals $ 67.9 $ 81.2 $ 59.2 $ 70.6
Aerospace and
electronics 24.4 21.7 19.0 34.8
Industrial 12.3 11.9 8.7 11.1
Consumer 3.4 5.9 3.2 6.0
-------- -------- -------- --------
Operating Profit 108.0 120.7 90.1 122.5
-------- -------- -------- --------
Merger and re-
structuring costs 0.0 (6.7) (31.9) (18.9)
Corporate expenses (10.4) (9.7) (12.2) (9.8)
Interest expense, net (10.0) (9.7) (9.4) (5.6)
Operations sold or
held for sale 42.7 2.8 0.9 14.1
Excess pension income 3.1 2.9 6.0 5.2
-------- -------- -------- --------
Income before income
taxes and extra-
ordinary losses $ 133.4 $ 100.3 $ 43.5 $ 107.5
======== ======== ======== ========
</TABLE>
<PAGE>
ALLEGHENY TELEDYNE INCORPORATED AND SUBSIDIARIES
Sales and Operating Profit By Business Segment
(In Millions)
<TABLE>
<CAPTION>
Year Ended December 31,
1995 1996
<S> <C> <C>
Sales:
Specialty metals $2,203.6 $2,045.3
Aerospace and electronics 914.4 987.8
Industrial 378.5 447.1
Consumer 267.9 287.9
-------- --------
Total continuing operations 3,764.4 3,768.1
Operations sold or held for sale 283.7 47.5
-------- --------
Total Sales $4,048.1 $3,815.6
======== ========
Operating Profit:
Specialty metals $ 301.1 $ 278.9
Aerospace and electronics 88.2 99.9
Industrial 33.5 44.0
Consumer 12.7 18.5
-------- --------
Operating Profit 435.5 441.3
-------- --------
Merger and restructuring costs (6.4) (57.5)
Corporate expenses (41.8) (42.1)
Interest expense, net (37.6) (34.7)
Operations sold or held for sale 83.9 60.5
Excess pension income 7.3 17.2
-------- --------
Income before income taxes and
extraordinary losses $ 440.9 $ 384.7
======== ========
</TABLE>
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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 hereunto duly authorized.
ALLEGHENY TELEDYNE INCORPORATED
February 20, 1997 By:
----------------------------
James L. Murdy
Executive Vice President-
Finance and Administration
and Chief Financial Officer
