SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1998
Commission file number 1-13293
SunSource Inc.
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(Exact name of registrant as specified in its charter)
Delaware 23-2874736
- ------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3000 One Logan Square
Philadelphia, Pennsylvania 19103
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 282-1290
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Securities registered pursuant to Section 12(b) of the Act:
Title of Class Name of Each Exchange on Which Registered
- ------------------------- -----------------------------------------
Common Stock, New York Stock Exchange
par value $.01 per share
Securities registered pursuant to Section 12(g) of the Act: None
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 (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES X NO
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On August 12, 1998 there were 7,215,667 Common Shares outstanding.
<PAGE>
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.
SUNSOURCE INC.
/s/ Joseph M. Corvino /s/ John J. Dabrowski
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Joseph M. Corvino John J. Dabrowski
Vice President - Finance Controller
(Chief Financial Officer) (Chief Accounting Officer)
DATE: August 14, 1998
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the Balance
Sheet as of June 30, 1998 and the related Statement of Income for the
year-to-date ended June 30, 1998.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<EXCHANGE-RATE> 1
<CASH> 14,702
<SECURITIES> 0
<RECEIVABLES> 100,322
<ALLOWANCES> 2,271
<INVENTORY> 104,926
<CURRENT-ASSETS> 231,907
<PP&E> 56,640
<DEPRECIATION> 32,417
<TOTAL-ASSETS> 343,863
<CURRENT-LIABILITIES> 89,070
<BONDS> 60,000<F1>
115,727<F2>
0
<COMMON> 72
<OTHER-SE> 24,225
<TOTAL-LIABILITY-AND-EQUITY> 343,863
<SALES> 362,293
<TOTAL-REVENUES> 362,293
<CGS> 216,989
<TOTAL-COSTS> 124,716
<OTHER-EXPENSES> (201)
<LOSS-PROVISION> 690
<INTEREST-EXPENSE> 3,334
<INCOME-PRETAX> 11,339
<INCOME-TAX> 5,103
<INCOME-CONTINUING> 6,236
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6,236
<EPS-PRIMARY> .91
<EPS-DILUTED> .91
<FN>
<F1>Bonds represents all long-term debt for senior notes.
<F2>Represents guaranteed preferred beneficial interests in the corporations
junior subordinated debentures.
</FN>
</TABLE>
