FORM 10-Q/A#1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF
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THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended September 30, 1994
Commission file number: 1-5731
Willcox & Gibbs, Inc.
(Exact name of registrant as
specified in its charter)
New York 13-1474527
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
150 Alhambra Circle, Coral Gables, Florida 33134
(Address of principal executive offices) (Zip Code)
(305) 446-8000
(Registrant's telephone number,
including area code)
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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Indicate number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date:
<TABLE>
<CAPTION>
Date Class Shares Outstanding
<S> <C> <C>
November 4, 1994 Common Stock 24,114,138
</TABLE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibit No. Description
11.1 Computation of net income per common and
common equivalent shares.
15.1 Awareness letter of independent accountants.
27.1 Financial Data Schedule
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its behalf by
undersigned thereunto duly authorized.
WILLCOX & GIBBS, INC.
Date: December 29, 1994 By:/s/ Allan Gonopolsky
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Allan Gonopolsky
Vice President and
Chief Accounting Officer
Index to Exhibits
Exhibit No. Description
27.1 Financial Data Schedule
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
Exhibit 27.1
WILLCOX & GIBBS, INC.
FINANCIAL DATA SCHEDULE
SEPTEMBER 30, 1994
(000's except per share data)
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM WILLCOX &
GIBBS, INC. FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
<CAPTION>
ITEM NUMBER ITEM DESCRIPTION
<S> <C> <C>
5-02(1) cash and cash items 44,260
5-02(2) marketable securities 0
5-02(3)(a)(1) notes and accounts receivable-trade 151,543
5-02(4) allowances for doubtful accounts 4,091
5-02(6) inventory 116,189
5-02(9) total current assets 317,827
5-02(13) property, plant and equipment 72,988
5-02(14) accumulated depreciation 19,728
5-02(18) total assets 427,516
5-02(21) total current liabilities 176,006
5-02(22) bonds, mortgages and similar debt 118,215
5-02(28) preferred stock-mandatory redemption 0
5-02(29) preferred stock-no mandatory redemption 0
5-02(30) common stock 24,705
5-02(31) other stockholders' equity 104,838
5-02(32) total liabilities and stockholders' equity 129,543
5-03(b)1(a) net sales of tangible products 784,895
5-03(b)1 total revenues 784,895
5-03(b)2(a) cost of tangible goods sold 628,735
5-03(b)2 total costs and expenses applicable to sales and revenues 628,735
5-03(b)3 other costs and expenses 0
5-03(b)5 provision for doubtful accounts and notes 1,637
5-03(b)(8) interest and amortization of debt discount 6,971
5-03(b)(10) income before taxes and other items 13,128
5-03(b)(11) income tax expense 5,773
5-03(b)(14) income/loss continuing operations 7,355
5-03(b)(15) discontinued operations (327)
5-03(b)(17) extraordinary items 0
5-03(b)(18) cumulative effect-changes in accounting principles 0
5-03(b)(19) net income or loss 7,028
5-03(b)(20) earnings per share-primary .30
5-03(b)(20) earnings per share-fully diluted .30
</TABLE>
