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FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
{ } QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
OR
{ X } TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
for the transition period from January 1, 1994 to May 28, 1994
COMMISSION FILE NUMBER 0-3085
WYMAN-GORDON COMPANY
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
MASSACHUSETTS 04-1992780
(State or other jurisdiction (I.R.S. Employer
incorporation or organization) Identification No.)
244 WORCESTER STREET, BOX 8001, NO. GRAFTON, MASSACHUSETTS 01536-8001
(Address of principal executive offices)
Registrant's telephone number, including area code 508-839-4441
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
Indicate the number of shares outstanding of each of
the issuer's classes of common stock, as of the latest
practicable date.
<TABLE>
<CAPTION>
Class Outstanding at May 28, 1994
<S> <C>
Common Stock, $1 Par Value 34,548,180
</TABLE>
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MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS
AND CHANGES IN FINANCIAL CONDITION (Continued)
Liquidity and Capital Resources (Continued)
<TABLE>
<CAPTION>
Cash Non-Cash Total
(Millions)
<S> <C> <C> <C>
Cameron Acquisition Direct Costs (Note F):
Integration costs:
Cost of relocating Cameron's
machinery and equipment
and tooling dies 4.4 - 4.4
Severance of Cameron personnel 4.9 - 4.9
Other Direct Costs:
Environmental .7 - .7
Other 2.2 - 2.2
Subtotal Cameron Acquisition
Direct Costs 12.2 - 12.2
Total significant charges and
Cameron Acquisition Direct Costs $33.7 $28.5 $62.2
</TABLE>
As of May 28, 1994, of the total cash items of $33.7 million
above, the Company expects to spend approximately $20.0 million
in fiscal 1995 and $13.7 million thereafter.
The Company projects the potential cost savings that may be
achieved by the Company and Cameron on a combined basis as a
result of such measures to be approximately $25.0 million to
$30.0 million annually following an initial period of
consolidation. These projections are based upon a variety of
estimates and assumptions which, though considered reasonable by
the Company, might not be realized, and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are beyond the Company's control.
The Company cautions that no assurances can be made as to the
accuracy of these projections or as to the Company's ability to
achieve the projected cost savings. While these projections
represent the best judgment of the Company, such estimates and
the circumstances and conditions affecting the Company and
Cameron are likely to change substantially with the passage of
time.
As of May 28, 1994, the Company expects to spend $1.2
million in fiscal 1995 and $13.4 million thereafter on
environmental activities. The Company has completed all
environmental projects within established timetables and is
continuing to do so at the present time.
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