BEARINGS INC /OH/
10-Q/A, 1995-11-15
MACHINERY, EQUIPMENT & SUPPLIES
Previous: ZAPATA CORP, DEF 14A, 1995-11-15
Next: SOUTHERN SECURITY LIFE INSURANCE CO, 10-Q, 1995-11-15



<PAGE>   1

                                   FORM 10Q/A
                                      
                      SECURITIES AND EXCHANGE COMMISSION
                                      
                           Washington, D.C.  20549
                                      
                                      
[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended            SEPTEMBER 30, 1995               
                               -------------------------------------------

                                       OR

[  ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from                     to 
                               --------------------    -------------------

                      Commission File Number     1-2299
                                            -----------------

                                BEARINGS, INC.
- --------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


           Ohio                                      34-0117420             
- --------------------------------------------------------------------------
(State or other jurisdiction of                   (I.R.S. Employer
 incorporation or organization)                   Identification Number)


    3600 Euclid Avenue, Cleveland, Ohio                         44115       
- --------------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code:     (216) 881-2838      
                                                   -----------------------

                                     None
- --------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report.)


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
    ------      ------

Shares of common stock outstanding on   September 30, 1995    7,864,861    
                                     -------------------------------------
                                                            (No par Value)


<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               SEP-30-1995
<CASH>                                           7,989
<SECURITIES>                                         0
<RECEIVABLES>                                  150,555
<ALLOWANCES>                                     2,700
<INVENTORY>                                    123,222
<CURRENT-ASSETS>                               281,696
<PP&E>                                         139,243
<DEPRECIATION>                                  60,346
<TOTAL-ASSETS>                                 377,611
<CURRENT-LIABILITIES>                          124,737
<BONDS>                                              0
<COMMON>                                        10,000
                                0
                                          0
<OTHER-SE>                                     159,518
<TOTAL-LIABILITY-AND-EQUITY>                   377,611
<SALES>                                        273,455
<TOTAL-REVENUES>                               273,455
<CGS>                                          204,177
<TOTAL-COSTS>                                  204,177
<OTHER-EXPENSES>                                58,888
<LOSS-PROVISION>                                   685
<INTEREST-EXPENSE>                               2,014
<INCOME-PRETAX>                                  7,691
<INCOME-TAX>                                     3,307
<INCOME-CONTINUING>                              4,384
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,384
<EPS-PRIMARY>                                      .56
<EPS-DILUTED>                                      .55
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission